The Reserve Bank of India (RBI) for the second successive time, kept the policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.50% in its June 2023 bi-monthly monetary policy 2023-24 meeting. All six members of the MPC voted in favour of this decision. Consequently, the Standing Deposit Facility (SDF) rate — which absorbs excess liquidity…
For individuals in the organized sector, the Employees Provident Fund (EPF) is a worthy social security government-backed scheme to build a nest egg for retirement, an inescapable truth of life. Over the years, the EPF interest rates have moved up and down in response to the interest rate environment (closely in line with government securities). Year %…
The Indian equity markets, despite certain worries about the U.S. Debt ceiling, elevated interest rates, bank runs in the U.S., talks of recession, geopolitical tensions, and a slower-than-expected recovery in China, among other factors, have managed to create wealth for investors. Thanks to the relatively better underlying fundamentals — whether it’s India’s GDP growth, inflation,…
One of the crucial steps while managing your mutual fund portfolio is to timely check its overall health. Even if you have invested in some of the best mutual fund schemes (of the respective categories and sub-categories), a ‘buy-and-forget’ approach cannot be followed. Given that mutual fund investments are subject to market risk, the best-performing schemes of…
Systematic Investment Plans, also known as SIPs, have become one of the most popular modes of investing among individual investors. The SIP folios have touched 63.6 million as of March 2023 (versus 52.8 million in March 2022), SIP contributions have risen to an all-time high of Rs 147.26 billion, and the SIP AUM (Assets Under…
The popular adage, “There is no such thing as a free lunch,” holds true even when it comes to investing in mutual funds. To run a mutual fund house and schemes, several costs are involved such as investment management fees, brokerage on buying and selling securities, registrar & transfer fees, custodian fees, legal fees, audit fees, sales…
You all may have some investment in gold in form of jewellery. After all, gold is considered one of the most valuable precious metals in the world, and it continues to be a popular investment for ages. Gold’s eternal value has appealed to many individuals since time immemorial. It is regarded as a safe haven,…
As you may be aware, with the passage of the Finance Bill 2023, the taxation of debt mutual funds (that invest less than 35% of their assets or portfolio allocation in direct Indian equities) changed with effect from April 1, 2023. The new tax rule also became applicable to gold mutual funds — Gold ETFs…
If you are a high-risk taker wanting to multiply wealth at a greater pace, then Smallcap Mutual Funds may be an appropriate fit in your portfolio. Small-cap funds are equity-oriented mutual funds mandated to invest at least 65% of their assets in equity and equity-related instruments of small-cap companies. But the question is whether it is an opportune time…
We all have certain financial goals in our life– buying a dream home, or a car, going on a long foreign vacation, providing the best education to children, getting them married in pomp and style, and finally living the golden years of life or retirement in bliss. But merely investing in Solution-oriented Mutual Funds may not help…
