The basket of multi asset allocation funds is expanding rapidly. After a hiatus of six years, fund houses are rushing to launch new offerings in this space. Since last year, six new multi asset funds have been launched. Some are trying to be different by offering avenues beyond the traditional mix of equity, debt and gold. Are these newer breeds worthy additions or just old wine in a new bottle? Multi asset funds have just one task— allow Read more: EconomicTimes
Author: Miley Selena
As we stare incredulously at the rising number of infected people, the deaths and the panic, it becomes very tough to think of anything else. Our privilege as people with jobs, assets and incomes hangs like an albatross. So much distress and so much setback. The poor have been most affected. Many don’t have jobs. They have not returned from the home towns they painfully walked back to last year. Nor can they work from home. Each of us can identify at least one other family that we can support. Until they can begin to earn incomes again. The need…
An insurance policy covers the policyholder against a financial loss caused due to specific contingencies. Though there are many types of insurance policies, it is important to know about some basic policies that one must have. Term life insurance This policy covers against the death of the insured. A person who has dependants should have a term life insurance. Signing up for a term plan at an early age, makes the person pay a lower premium over the term. Term plans inherently have lower premiums as compared to endowment plans or Ulips. Depending upon the age of applicant, one may…
“We continue our stance of raising a red flag when inflows start growing to unreasonable levels”, says Swarup Mohanty, CEO, Mirae Asset Investment Managers. In this interview with ET Wealth, he discusses the AMC’s recent thrust towards passive strategies and more. Mirae Asset MF has further gated inflows into its Emerging Bluechip fund. Is the rapid pace of AUM growth still a concern?The pace of growth of funds, especially with mid-cap Read more: EconomicTimes
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 82343139 Where the fund invests 82343145 Basic facts Date of launch: 8 September 2005 Category: Equity Type: Large & Midcap AUM (As on 31 March 2021): Rs 2,228 crore Benchmark: NIFTY Large & Midcap 250 Total Read more: EconomicTimes
SynopsisSanofi India’s management has adopted cost control measures and has lowered promotional spends, which was visible in 2020. Its digital push, recent underperformance and the resultant lower valuation are the other factors that have made the company a favourite of analysts.Chronic therapeutic treatments contribute around 63% of Sanofi India’s domestic sales and the same is now under several restrictions due to the Covid-19 related disturbances. The company’s growth opportunities should improve once the situation stabilises and patients start coming back to the hospitals for treatment of other diseases. Despite short-term challenges, Sanofi continues to do well and was able to…
Out on the edge you see all kinds of things you can’t see from the centre. Big, undreamed-of things — the people on the edge see them first.” Kurt Vonnegut, the writer, could have simply been describing your life now. In the last 12 months, you have been pushed to the edge at least once, either through a professional or personal crisis and have started seeing things differently. In the second wave of the pandemic, you worry about the next crisis that may strike your life. Here’s how you can deal with massive change in your career arising from that…
Changes in investment rules and tax rates can prove beneficial or upset calculations. Some can boost investor sentiment, while others can pull it down. Here are some major changes in the past 10 years. April 2012 No tax on up to Rs 10,000 interest from savings bank account July 2014 Sec 80C investment limit increased to Rs 1.5 lakh Housing loan interest deduction increased to Rs 2 lakh Holding period for long-term capital gains from non-equity funds increased to three years. To be taxed at 20% after indexation. April 2015 Additional Rs 50,000 deduction for contribution to NPS under Sec…
For all the inequities suffered by women in the past, it’s not a bad time to be one today. Perhaps in an attempt to correct the skew arising from gender-based financial discrimination, there are several discounts and schemes by Central and state governments for women and girls. Be it the discounted insurance schemes or Sebi’s mandate for the top 1,000 listed companies to have at least one independent woman director on board, there’s something for everyone. Find out what works for you. 1. Insurance discounts & lower premiums Several life and health insurers offer women-specific plans, be it for critical…
The pandemic has had a catastrophic impact on the revenues of Indian corporates. Vikas is a senior professional in the hospitality sector, which has been the worst hit. His company has decided to downsize in an effort to stay afloat. Vikas has an ongoing home loan and uses credit cards extensively to make lifestyle purchases. He likes to dabble in equity investments and has a decent-sized portfolio. Since his industry is reeling under the impact of the slowdown, another job may be very difficult to come by. Vikas realises that he needs to make a few fundamental changes in the…