After years of soft interest rates, the cycle is moving towards its next leg—an upward shift in rates. This makes traditional bond funds unattractive. However, fund houses are offering a way out in the form of floater funds. Three new floater funds have been launched this year and another from Axis Mutual Fund is open for subscription. Are these funds the right way to play the coming rate cycle? Traditional bond funds invest in instruments Read more: EconomicTimes
Author: Miley Selena
The two waves of the pandemic disrupted both lives and livelihood as both individuals and businesses suffered. Businesses reoriented to deal with the new reality and careers of professionals diverged from a steady planned path. An online survey conducted by ET Wealth last week and conversations with business leaders and employees across the country during both waves of the pandemic reveals how much has changed. Our survey, which got 1,442 responses across age groups, income levels and geographies, shows that one in three employees lost their jobs during the pandemic (see graphic). Two out of three who lost their jobs…
How can you make more money out of your investments? There are many, many answers to this question, but only two sure-shot ones. One, invest more; and two, give it more time. Preferably, do both. To some people, this must be sounding like a joke, or worse still, a mocking answer. But it’s absolutely true. These are my personal solutions, the ones that will always work. I know that investment analysts are always supposed to come up with some magical technique, some combination of investment types and timings that will create some unlikely miracle like, for example, turn Rs 20,000…
Current underperformance provides a good entry point for long term investors.SynopsisTata Motors plans to bring down its net debt to near zero by 2023-24, from around Rs 41,000 crore now. Retail demand also remains strong and this is resulting in accumulation of orders. These factors have made it a favourite of analysts.Improving fundamentals helped Tata Motors post massive outperformance during 2020. However, Tata Motors is underperforming the market in 2021; mostly because the ongoing semi-conductor chip shortage is taking a big toll on its JLR production. For instance, JLR’s production for the first quarter of 2021-22 was down by around…
This week ET Wealth’s realty hot spot series takes a look at an emerging property market in suburb of Mumbai – Vasai-Virar. The area offers both ready-to-move and under-construction homes. The locality is well-connected with key areas of MMR through NH-48, Ghodbunder Road and Western Railway Line. The area is 47KM away from the airport, 6KM from the railway station and 8KM from NH-48. The price range of apartments in Vasai-Virar is between Rs 3,500 and 7,656 per square feet. The average price of 1 BHK, 2 BHK and 3 BHK is Rs 29 lakh, Rs 45 lakh and Rs…
Finally, an upward breakout: After remaining in a 15,450-15,900 range for several weeks, Nifty finally broke out on the upside as expected (see chart). The stock market usually ‘climbs the wall of worry’ and it was no different this time. While doctors and economists are worried about the fallout of a covid third wave, the market is going up because this fear is resulting in increased money flows. For instance, the fear of a third wave is keeping the US Federal Reserve from carrying out early rate hike; despite the fact that inflation in the US saw its biggest jump…
Over the past several months, many private and public sector lenders have slashed their housing loan interest rates to record lows. In fact, home loan rates across banks are at decade lows right now. For young professionals Swati and Amit Mehta, even a small reduction of 1% can positively impact their decision of buying a new house. As an additional incentive to prospective homebuyers, some lenders are offering concessions or waivers on processing fees, and several developers have been giving discounts. The Mehtas wonder if this is a good time to buy their own house. Or should they wait for…
How to invest in an IPO Read more: EconomicTimes
1. Neo banks are banks with only a digital presence and no physical branches. 2. These banks leverage technology and Artificial Intelligence to provide personalised services to their customers and minimise operating costs. 3. Neo banks don’t have a bank license of their own but count on bank partners to provide bank licensed services. 4. Quick account creation, friendly user interface, one click transaction reports and seamless international transactions are some of the features of neo banks. 5. InstantPay, Niyo, Open, and RazorpayX are some of the players in this segment. (Content on this page is courtesy Centre for Investment…
Samir and Kajal Manjra stay with their children, aged 11 and six, in their own house in Ahmedabad. While Samir is salaried, Kajal is self-employed and both bring in a combined income of Rs 1.05 lakh a month. Their portfolio includes real estate worth Rs 1.45 crore (two properties, one of which is self-occupied), equity worth Rs 12.2 lakh in the form of mutual funds and Ulips, debt worth Rs 11.37 lakh in the form of PPF, EPF and fixed deposit, and Rs 55,000 in cash. They also have a personal loan of Rs 3.05 lakh for which they are…