“We are bullish on the financial sector because financials need to do well if the economy has to do well.”SynopsisThough valuations are not cheap, the equity market is still in an investible range due to low interest rates and the expected good earnings cycle, Anup Maheshwari, CIO, IIFL AMC, tells ET Wealth. Here is his take on favourable sectors, equity market going ahead and more.”We are bottom-up stock pickers and usually don’t take market valuation based views”, says Anup Maheshwari, CIO, IIFL AMC. In this interview with ET Wealth, he discusses how he read the stock market right now especially,…
Author: Miley Selena
Unexpected expenses are the bane of a young household. Even as I write about saving and investing, some of my young readers ask me whether they will ever be able to begin saving. Young families face their unique challenges. The story of a young couple is what I narrate this week. First, our young earners realise that they won’t be able to match up to their parent’s lifestyle. They don’t want to lean on their parents’ wealth or live with their parents, and find that they have to make a lifestyle compromise in terms of house, car and other simple…
Sakshi is a young finance graduate who is about to start her career in a multinational financial institution in India. She wants to invest in leading global stocks like Tesla, Apple, Nio, Alphabet, Youtube, etc. that have outperformed in the recent past. She believes that the companies that are at the forefront in their respective fields are continuously joining the US market. Hence, she wants to invest in a portfolio built with stocks of 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 82230269 Where the fund invests 82230271 Basic factsDate of launch: 28 May, 2013 Category: Equity Type: Flexi cap AUM (As on 31 Mar 2021): Rs 8182 cr Benchmark: Nifty 500 Total Return Index What it costsNAV (As on Read more: EconomicTimes
Strong client additions and broad basing of its client acquisition are the positives for the counter.SynopsisICICI Securities has reported strong results for 2020-21. Besides, strong client additions of 3.5 lakh during the fourth quarter and broad basing of its client acquisitions with digital sourcing plans are the factors that have made the company a favourite of analysts.With another set of robust numbers for the last quarter, ICICI Securities has reported strong results for 2020-21. Its net profit for the last quarter jumped by 24% q-o-q and 110% y-o-y and this has helped ICICI Sec to double its net profit for…
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)Increasing Covid cases across the globe is augmenting investor interest in safe haven assets like gold. Silver (Rs)Being a more volatile bullion, silver surged more and ended the week with a gain of 3%. ($/troy ounce)Low industrial demand, due to pandemic triggered economic concerns, neutralised Platinum’s bullion demand. WTI Crude ($/barrel)In addition to economic concerns triggered lower demand, surprise inventory…
Investing in equity and equity related instruments provides growth with the power of compounding. Depending upon the capital size and risk appetite of the investor, following are some of the ways to invest in equity instruments. Equity mutual fundsMutual funds are one of the safest ways of investing in equities. Such investments can be made in index funds. Then large-cap or diversified equity funds can be added to the portfolio. Investments in sectoral funds or mid-cap or small-cap funds can be made to the extent of a smaller proportion in the portfolio, depending on the age and life stage of…
1. Keeping track of expenses is an important aspect of managing personal finances, and expense tracking apps can help you do that easily. 2. While some apps require manual entry of expenses, others automatically take data from linked bank and credit card account statements. 3. The apps help categorise spending to help understand purchasing habits and generate expense reports. 4. There are various apps available with different options and cost structures like free and chargeable. 5. ETMoney, Qykly, mTrakr, Chillr, intuitmint, Goodbudget are some of the apps available for iOS and Android. (Content on this page is courtesy Centre for…
In this week’s realty hot spot series by ET Wealth, we feature a Kolkata locality, Newtown-Rajarhat. This is a well-planned residential hub that enjoys the presence of commercial complexes and IT parks along with all the facilities and amenities of a developed town. The property price range per sq. ft. in this locality is Rs 2,600-6,200. A 3-BHK, which is the property type that enjoys the maximum supply here, costs approximately Rs 66 lakhs on average. It comprises 1,410 sq. ft. area. The area is close to renowned schools, employment hubs etc. Here are other highlights that make Newtown-Rajarhat, Kolkata…
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: Raj Kamal is saving to buy a car, his child’s education and retirement. Here’s what the doctor says: Goals Investor’s existing portfolio Portfolio check-up Investing in equity funds for…