Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. I. Darshana is investing for her child’s education and retirement. Here’s what the doctor advised her. Goals Portfolio recommendations Portfolio check-up Investing small amounts in equity and hybrid funds. Stopped…
Author: Miley Selena
Dipankar Das is 28 years old and works in a public-sector company in Kolkata. He brings in a monthly salary of Rs 43,491 and has a government accommodation. He is single and plans to get married by next year, with his parents willing to take care of his wedding expenses. His portfolio of Rs 23.1 lakh includes cash of Rs 60,000, equity worth Rs 6.3 lakh in the form of mutual funds and stocks, debt worth Rs 8.1 lakh in the form of PPF, fixed deposit and gold bonds. His goals include building an emergency corpus, buying a car and…
The stock market may seem overpriced at current levels if one were to go by traditional metrics. With a trailing Price Earnings (P/E) ratio of 27 times, the Nifty is showing signs of stretched valuations. Further, most stocks are trading at high P/E ratios. Despite this, markets have continued to rise, causing investors to be concerned and potentially fearful of missing out. Don’t rely solely on P/E ratios However, relative valuation metrics cannot be focused in isolation. One has to look at the price of the stock vs the value one can derive from it in future. The current fair…
Don’t be emotional when investing in stock market Read more: EconomicTimes
In Budget 2020, it was announced that NRIs/PIOs will qualify as tax residents in India if they spend a minimum of 120 days in the relevant financial year (subject to certain conditions) in addition to a minimum of 365 days in the preceding four years. However, these amendments were announced before the pandemic-induced travel restrictions. This new rule can unintentionally impact all those NRIs/PIOs who had come to India and had to spend longer time in the country in FY 2020-21 due to travel restrictions or health concerns thanks to the novel coronavirus pandemic. So, how will such individuals be…
(This story originally appeared in on Oct 18, 2021)NEW DELHI: By holding small savings rates steady for six quarters, the government is paying between 47 and 178 basis points (100 basis points equal a percentage point) higher to those parking funds in public provident fund, National Savings Certificate or term deposits in post offices, the Reserve Bank of India (RBI) said on Monday. Interest rates on small savings schemes are to be revised every quarter in line with an agreed formula that offers a spread over the average yield on government securities for a comparable maturity. For instance, in the…
As per the Public Provident Fund (PPF) Scheme rules, an individual cannot have more than one account. However, many people still inadvertently end up opening more than one PPF account; they would have opened PPF accounts with two different banks or with a post office and a bank as well. So, in such a situation, what are the consequences and what should an individual do? The Department of Posts issued a circular on October 18, 2021, giving details of the process of merging multiple PPF accounts into one single PPF account. Here is a look at how one can merge…
If you are someone who has opted for the old, existing tax regime, then once you have filled in all your income details in ITR-1 form, you will have to fill in the details related to tax-saving deductions available under sections 80C to 80U of the Income Tax Act, 1961. These deductions can be claimed from income before levying of income tax. Those who have opted for the new, concessional tax regime will not be able to claim such tax deductions. Here is a look at how those who have opted for the existing income tax regime can fill in…
After rallying to $230 per tonne in May, international iron ore price has corrected significantly. However, after reaching a 52 week low of $103— down 55% from peak, iron ore prices have started bottoming out and now trading around $122. The recent underperformance of NMDC, India’s largest merchant iron ore miner, is mostly because of this factor. NMDC has crashed 25% during the last five months compared to 9% gain in Sensex and 25% gain in ET Read more: EconomicTimes
Of late, AMCs have been filing a flurry of NFOs for index-based funds in the thematic space. Nippon India S&P EV Index Fund, Tata MSCI Domestic Digital Opportunities Index Fund, Mirae Asset Electric Autonomous Vehicle ETF Fund of Fund, Tata New Age Digital ETF and Mirae Asset Nifty India Manufacturing ETF, are among recent filings. Clearly, AMCs are looking to innovate in the passive space through exotic offerings. But should you bite? For many Read more: EconomicTimes