The broader economy and the stock market are sending out conflicting signals. For instance, economists are downgrading their growth estimates for 2021-22. “The second covid wave and slow pace of vaccination will shave off 30 bps from 2021-22 GDP growth and therefore, we have revised our GDP growth forecast to 10.1% from 10.4% earlier,” says Sunil Kumar Sinha, Principal Economist and Director Public Finance, India Ratings and Research. However, Read more: EconomicTimes
Author: Miley Selena
Priya has realised that buying a house isn’t easy in a metro like Delhi, where she has been working with a famous design house for the past seven years. She hails from a small town and has always dreamt of having a house of her own in the city, not too far away from her workplace. Unfortunately, she has realised that it is nearly impossible for her to pay the full price of the 2-bedroom house of her choice. Either she will have to part with a massive amount of savings or will need to resell an existing property to…
The young girl sounded both excited and nervous. She was soon joining a prestigious management school. Among the many questions she had, one was about how this education will enrich her life. My answer intrigued her. I told her that the most precious thing she will take out of management school are friendships. What would we be without friends? Many emphasise relatives too much, I am afraid. They argue that siblings, cousins, parents, grandparents and such relatives must matter the most in our lives. I disagree. Siblings enjoy a great childhood together, but growing apart is the norm. Education, job…
After remaining on the sidelines, Amara Raja Batteries is making a comeback as analysts’ favourite, after reporting better than expected results for the fourth quarter of 2020-21. Though its immediate demand outlook is hazy due to covid, its medium-term demand outlook remains strong. Since batteries are usually replaced every 3-4 years, the demand fall in one quarter will get compensated in the quarters to come. Also, given the fact that Amara 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 83257058 Where the fund invests 83257069 Figures denote average daily rolling return over past 10 years for relevant time frames.Note: Different benchmark is used due to non availability of stated benchmark Read more: EconomicTimes
Market getting into overbought zone: With a Nifty gain of 952 points or 6.5%, the market had a dream run in May. Though the up move is continuing in June, experts are asking investors not be too greedy now. Since Nifty has already generated fabulous returns for May F&O series, investors should be ready for muted returns for June series. Since the market is getting into overbought zone, it will become more volatile also. “16,040 is our Nifty target for June series and since the daily relative strength index (RSI) is already in overbought zone, the journey towards this target…
1. Payment history has the largest weightage on your credit score and the longer your default, the harsher the impact on your score. 2. Amounts owed or credit utilisation is also an especially important factor and the larger the amount owed, the lower the score. 3. A long and positive credit history can positively impact the credit score. 4. Credit score is negatively impacted by making multiple inquiries to multiple lenders. 5. A good credit mix between secured and unsecured loan helps build trust and positively impacts the score. (Content on this page is courtesy Centre for Investment Education and…
In this week’s realty hot spot series, we capture an area in the national capital, namely Rohini. A well-planned locality, this sub-city in Delhi is close to key commercial centres and home to good social infrastructure. Residential real estate in Rohini consists of builder floors, group housing societies and DDA Flats. The property price range per sq. ft. in this locality is Rs 5,600-17,500. A 3-BHK, which is the property type that enjoys maximum quantity of supply here, costs about Rs 98 lakh on average and comprises 1,010 sq. ft area. Here are other highlights of Rohini that make it…
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: Sanjeev Naik is saving for his child’s education and retirement. Here’s the doctor has advised him: Goals Investor’s existing portfolioPortfolio check-up Investing in equity funds for past 7-8 years.…
By Sudhir Kaushik of Taxspanner.com Pune-based IT professional Atul Kumar pays a high tax because he is not able to claim some of the exemptions and deductions available to him. Taxspanner estimates that Kumar can save over Rs 80,000 in tax if his salary structure is altered to include some tax free perks and he invests in NPS. Income from employerKumar should start by asking for an allowance for gadgets and household items instead of the Rs 72,000 he gets as LTA. Given the Covid-induced restrictions on travel, he will not be able to claim exemption for LTA. If he…