The Indian equity market has scaled to a new lifetime high of 80,893.51 points on the BSE Sensex (on July 12, 2024). Despite several risks in play, such as the rising geopolitical tensions, spike in volatility in the financial markets during the 2024 Lok Sabha elections, valuation concerns, tighter global financial conditions, and vacillating FPI…
The bellwether, BSE Sensex hit an all-time high of 80,392.64 points last week (on July 4, 2024). This is stupendous for the Indian equity market amid rising geopolitical tensions and various other key risks, such as tightening global financial conditions and capital outflows, among others. It is perceived that despite these risks, India’s strong macroeconomic…
Earlier in January this year, I wrote a piece proposing investment in Large Cap Funds amid frothy valuations in the lower rung of the market capitalisation, i.e. mid caps and small caps. Large caps, as you may know, are the top 100 companies on a market capitalisation, which are well-established (with over Rs 200 billion in market…
The deadline of June 30, 2024, to add a nominee to your mutual fund investments is soon approaching. Last week I wrote, about what happens if your mutual fund folios and demat accounts do not have nominations. The capital market regulator, SEBI in its latest circular dated June 10, 2024, has clarified that non-submission of ‘choice of nomination’ shall…
When it comes to financial assets and physical assets, having a nomination is ideal. It ensures that your hard-earned savings and investments are passed on to your loved ones when you cross the styx. The last date for adding nomination to your demat account and mutual fund folios is June 30, 2024, as per the Securities and Exchange Board of India (SEBI)…
On June 9, 2024, in a stunning splendour at the Rashtrapati Bhavan and the presence of several dignitaries, Shri Narendra Modi was sworn in as Prime Minister of India for the third consecutive term (after the first PM of India and Congress Stalwart, Shri Jawaharlal Nehru). Besides, a 72-member Council of Ministers took oath —…
Mutual Funds, particularly the equity-oriented ones, over the last few years have become a popular investment avenue. Thanks to AMFI’s Mutual Funds Sahi Hai campaign launched seven years ago. The times of the COVID-19 pandemic, when people were locked down at home and focused more on saving and investing sensibly, proved to be best for the growth…
On the counting day of the Lok Sabha 2024 election results, i.e. June 4, 2024, the Indian equity market plunged worryingly – the S&P BSE Sensex by over 4,200 points and the Nifty 50 by over 1,300 points, a loss of nearly 6%, after gaining over 3% the previous trading day. This was a major single-day…
All goods and services we purchase have a cost involved. Likewise, for the investments we make for our financial well-being, there is a real cost of investing attached; there aren’t any free lunches. As an investor, you cannot afford to ignore the cost of investing as it weighs down on your returns as well. What…
Last week, I covered an article on Mutual Fund KYC, explaining what ‘KYC Validated’, ‘KYC Registered’ and ‘KYC On-Hold’ statuses mean and their impact on your existing and new investments in mutual funds. To ensure uninterrupted experience when transacting in mutual funds, I stressed having your Mutual Fund KYC status as ‘Validated’ instead of ‘Registered’ or…
