Manappuram Finance, the second largest gold loan lender, is underperforming the market for various reasons. Lacklustre numbers for the fourth quarter of 2020-21 is the first reason. For instance, its gold loan AUM fell by 6% q-o-q. Gold loan defaults have correlation to prevailing gold prices—defaults will be lower when gold prices go up and will be higher when gold prices come down. With 12% q-o-q decline and 21% decline from peak levels Read more: EconomicTimes
Author: Miley Selena
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 84090304Where the fund invests 84090312 Basic facts Date of Launch: 20 Aug, 2010 Category: Equity Type: Large Cap AUM (As on 31 May 2021): Rs 2,886 crore Benchmark: S&P BSE 100 Total Return Index What it Read more: EconomicTimes
In this week’s Realty Hot Spot series, we take a look at Baner area in Pune. Baner enjoys the presence of multi-storey apartments and sound road connectivity. Well-connected by road, this residential area of Pune is in close proximity to several IT hubs. Properties here are available in the price range of Rs 5,500-9,500 per sqft. A 1-BHK, comprising 609 sq ft area can cost an average of Rs 35 lakh and enjoys the maximum supply among property types. A 4-BHK comprising 3,062 sq ft area can cost Rs 2.76 crore. Here are other draws that make this locality a…
For investors who have taken exposure to international equity instruments, the depreciating rupee has added to the good returns, Ajit Menon CEO, PGIM India Mutual Fund tells ET Wealth. After PGIM India’s 100% acquisition of DHFL Pramerica, what have been the immediate focus areas for the fund house? The most important focus area was restoring confidence of our clients and advisers. We never wavered from the quality of our processes and Read more: EconomicTimes
Strong rollover hints at upside breakout: Equity markets remained subdued due to negative economic news. For instance, IHS Market India Manufacturing PMI contracted in June after a gap of 11 months due to the second covid wave. The chance of another global wave also increased due to the spread of Covid’s delta variant to several countries. Nifty ended last week with a modest loss of 138 points (or 0.9%). The loss would have been higher had the Finance Minister not announced a new economic package to revive covid affected sectors. Since these positive and negative factors neutralised each other, Nifty…
Vasudha is a young artist and a meticulous planner. She likes to create plans and strategies for just about everything, from navigating her car to her studio every morning to knowing what to buy at the grocery store. However, creating an investment strategy to fit around her ever-changing needs may seem like a tall order. She has spent some time over the past one year learning some basics of investing. She wonders if there is a single ‘right’ way to go about it. Vasudha can draw a broad distinction between a long-term approach (essentially ‘buy and hold’) and a short-term…
1. Liquid products are those which are least volatile and can be converted to cash easily like bank account balance and liquid and overnight funds. 2. Protection products secure the investor from a variety of events like health insurance, life insurance and other insurance products. 3. Income generating products are those which generate a regular income while preserving the capital of the investor like FD and bonds. 4. Growth products are volatile in the short term and generate inflation beating returns to generate real wealth for the investor over the long term. 5. Alternate products have low correlation to financial…
By Sudhir Kaushik of Taxspanner.com Hyderabad-based sales manager Tarun Jaiswal pays a high tax because his salary structure is not tax efficient and he does not claim all the deductions available to him. Taxspanner estimates that Jaiswal can cut his tax by over Rs 90,000 if his salary includes some tax-free perks, he opts for the NPS benefit from his company and invests more in the pension scheme on his own. Income from employerThe medical and conveyance allowances Jaiswal gets are now taxable. He should get them replaced with tax-free perks such as reimbursements of expenses on telephone, newspaper and…
Vinay Poddar is a software professional who stays with his homemaker wife, son and father in his own house, in Pune. He brings in Rs 1.75 lakh a month as salary and also gets Rs 5,000 rental income. His portfolio includes real estate worth Rs 1.38 crore (self-occupied house and a house for investment), equity worth Rs 73.1 lakh in the form of mutual funds and stocks, debt worth Rs 84.2 lakh in the form of EPF, debt funds and fixed deposits, gold worth Rs 15 lakh, and Rs 1 lakh in cash. After household expenses, child’s education, insurance premium…
The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different. Gold (995) (Rs)Short term weakness continued in gold. However, the interim short covering helped it to end the week on a flat note. Silver (Rs)Being a more volatile bullion, bigger short covering happened in silver and helped it to end the week with a gain of 1.5%. Platinum ($/troy ounce)Platinum remained range bound because the market participants were waiting for the US…