This fund retains a sizeable presence in large-cap stocks beyond its mid-cap focus.SynopsisThe scheme has been consistently lagging behind its index and peers for the past four to five years. Its longer-term track record is also patchy. The new fund manager at the wheel, while a skilled veteran, needs time to prove execution capabilities in the mid-cap space.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 83866793 WHERE THE FUND INVESTS 83866802 BASIC…
Author: Miley Selena
Asset quality stress for the banking and financial sector is under control with provision coverage of more than 70% for most large banks, says Manish Kumar. The Chief Investment Officer, ICICI Prudential Life Insurance Company discusses with ET Wealth prospects of economic recovery, stock market valuations, forecast on interest rate regime and more tips for investors in this interview. How do you read the market’s muted reaction to the second Read more: EconomicTimes
On which side of the job divide are you? The pandemic, rapid adoption of digitisation and changing business models have divided professionals into haves and have-nots. The ‘haves’ are on the fast track for growth like a software developer whose career has taken off with the increased demand for her skills from both new and traditional companies. The ‘have-nots’ are unable to find jobs or have got poor increments or have no promotions to look forward to. Like a customer service executive or a machine operator whose jobs have been replaced by chatbots and automation. If you have been laid…
This week ET Wealth’s realty hot spot series takes a look at Miyapur, Hyderabad. The area offers proximity to major IT hubs like Gachibowli and Hitec City, and it has a good social infrastructure. It is also close to major educational institutions such as ISB, IIIT, University of Hyderabad and JNTU. The area is 41 KM away from the airport, 24 KM away from the nearest railway station and 0 KM from NH-65. The price range of properties here is between Rs 2,900 per square feet and Rs 5,700 per square feet. The average price of 1 BHK, 2 BHK…
1. The minimum investment in a PPF account per year is Rs 500 and maximum is Rs 1.5 lakh. 2. Maturity is at 15 years but can be extended by a period of 5 years. One can take loans and partially withdraw up to 50% of the amount at the end of fourth year. 3. Interest is accumulated at the rate of 7.1% (current quarter) and is exempt from tax. 4. Sec 80C benefit for up to Rs 1.5 lakh is available. 5. Joint accounts are not permitted in case of PPF. “Content on this page is courtesy Centre for…
Tanmay is a 26-year-old marketing professional, employed with a hospitality firm for the past three years. He has been fortunate to be assigned good projects and was sent overseas over two years ago. It was during this time that he decided to buy an apartment since his allowances abroad were good. His idea was that it would be a forced saving. However, owing to the challenges of the pandemic and its repercussions on the industry, his company has decided to let some people go in order to save on costs. Tanmay has been looking for another job, but opportunities in…
Banking to push next leg of rally? On intra-day basis, Nifty had bounced back from its technical support level of 15,450 on 18 June and therefore, analysts were not expecting it to retest that level again during the past week. Despite the F&O cycle closing happening on 24 June, Nifty remained relatively stable. Though it gained 180 points (or 1.15%), it remained in the 15,450 – 15,900 trading range. So, breaking of that range is necessary for any decisive move. In other words, the market is safe as long as Nifty remains above 15,450. Since the market sentiment is positive…
A Peer to Peer (P2P) lending platform is an online aggregation platform of lenders and borrowers. It provides easy, flexible and quick access to funds for borrowers and higher rate of return to the lenders as compared to the bank FDs. It also provides funds to borrowers at a relatively cheaper rate than banks or financial institutions. Who can lend? Any individual, partnership firm, HUF society or artificial body, whether incorporated or not, with a valid bank account in India and PAN card can lend on a P2P platform. Amount and tenure The maximum tenure for loans made under P2P…
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) Bullion correction, started after the hawkish US Fed views, continued this week also and pulled down it by 1%. Silver (Rs) Being more volatile bullion, silver reacted more and the same was down by 2% during the past week. ($/troy ounce) Global economic recovery and increased demand from the hydrogen fuel cell industry helped platinum to gain 2% during…
Summing is coming for the world’s airlines and only a few may survive this crisis. Three banks agree on loan for Vietnam Airlines on verge of bankruptcy. In order to support Vietnam Airlines to overcome financial issues for surviving pandemic, MSB, SeABank, and SHB agree to provide loan packages worth $173.9 million to assist the national flag carrier. Related: It’s official: Vietnam cuts quarantine time for vaccinated entrants to seven days Vietnam Airlines will receive special loan packages from the three Vietnamese commercial banks, according to Nguyen Tuan Anh, director of the Credit Department for Economic Sectors under the State…