For the first quarter of 2021-22, Mahindra & Mahindra Financial Services (M&M Fin) reported its worst ever quarterly results in over a decade and disappointed the street on all major parameters. Disbursement fell by 35% q-o-q due to second wave induced restrictions and weak loan demand across segments. Sharp jump in gross non-performing assets (NPA), up to 15.5% against 9% in fourth quarter of 2020-21 and 9.2% in first quarter of 2020-21, was Read more: EconomicTimes
Author: Miley Selena
SynopsisThis fund has no specific market cap bias but retains a large-cap tilt, with sizeable mid-cap presence. The portfolio is fairly diversified yet retains large sized positions in its top few bets. With a strong ability for downside protection, it is a worthy pick among tax-savings funds.ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. How the fund has performed 84918922 Where the fund invests 84918932 Basic facts Date of launch: 31 March 1993 Category: Equity Type: ELSS…
Looking for a job is a long-drawn out and emotionally draining experience for many. Not everyone is lucky enough to find success in the first try; there are many reasons why one can get rejected for the job they applied for. Chief among them is failing at the interview. Here are five ways one can fail at a job interview. Live and let liveYou have made it to the interview. Where you know all about yourself. You expect that the interviewers know all about their company’s business, people and role. Which you do not know. You never hear back from…
Nifty ends week in narrow range again: Nifty remained within a narrow range for one more week and even the F&O cycle expiry on 29 July could not generate much volatility. Though 15,630 -15,930 is the exact range, analysts prefer a broader range of 15,600-16,000 now. That is because 16,000 is a round number and therefore, a psychological level. This means 16,000 will act as a major resistance if there is any upside breakout above 15,930. “Recently Nifty went below 15,600 on intra-day basis, but was able to close above it. So, this range is intact so long as Nifty…
This week’s realty hot spot series takes a look at the locality Borivali-Dahisar in Mumbai. Close to key employment hubs, this suburb is very well connected to the city by road and rail, situated just two KMs away from the railway station. This area also features well-developed social and retail infrastructure. Borivali East and West, Dahisar East and West are some of the known sub-localities in the region, with rental values ranging from Rs 19,600-59,300 depending upon the sub-locality and property type in it. For home buyers, the property price ranges from Rs 9,500-22,257 per sq ft. Here are the…
By Sudhir Kaushik of Taxspanner.com Bengaluru-based IT professional Aryan Sharma works for a startup and gets a lumpsum salary without too many components. The only perk he gets are food coupons worth Rs 1,800 per month. Taxspanner estimates that Sharma can reduce his tax by nearly Rs 60,000 if he gets some tax-free perks, his company offers the NPS benefit and he also invests in the pension scheme on his own. Income from employerIncome from other sourcesSharma should start by asking his company for reimbursements of expenses on telephone, newspaper and gadgets. If he gets a telephone allowance of Rs…
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: Soumili Ghosh is saving for his children’s goals and early retirement. Here’s what the doctor advised: GoalsInvestor’s existing portfolioPortfolio check-up Plans to retire at 50. All SIPs will stop…
One needs to inculcate good financial habits in children. There are many tools for teaching concepts about money, investing, and the power of compounding and some of the ways of going about it are discussed below. Savings account A children’s saving account can help teach how money is deposited, withdrawn and interest is earned. The child can deposit cash into their accounts that they receive as gifts. The account opening form is signed by the guardian. Setting up RDs and SIPs To start a recurring deposit, the instruction to the bank should include frequency, and deposit amount. One can also…
Nikhil Sharma, 38, stays with his homemaker wife and six-year-old child in a rented house, in Pune. Sharma is salaried and brings in Rs 1.36 lakh a month. His portfolio comprises equity worth Rs 4.1 lakh in the form of stocks and mutual funds, debt worth Rs 35 lakh in the form of PPF, EPF and fixed deposit, and Rs 2.3 lakh in cash. After considering the household expenses, rent, investments and insurance premium, Sharma is left with a surplus of Rs 21,489. His goals include building an emergency corpus, buying a car and a house, saving for his child’s…
1. In the venture capital industry, the term refers to any startup that reaches the valuation of $1 billion. 2. Only a privately held startup can be a unicorn. 3. The term initially was used to lay emphasis on the rarity of such startups. 4. Disruptive Innovation, high on technology, new ideas, consumer focus are some of the common features of unicorns. 5. In India 14 startups have already made it to the unicorn list in the first six months of 2021. (Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti…