My sister, who is based in Shenzhen with her family and is a lecturer in a respectable school, flew down from China in January this year and is, now back here in India with her family until the pandemic of novel Coronavirus or COVID-19 (a pneumonia-like virus causing cough, fever and shallow breathing) diminishes. The…
Reviewing the scenario of heightened credit risk in the Indian debt market and its impact on investors, the capital market regulator, SEBI has been continually taking a number of measures. In the past, the regulator… Issued prudential norms governing liquid funds and other debt & money market instruments Prescribed graded exit load for liquid funds…
Last week was a blockbuster Friday for the Indian capital markets — particularly the stock markets. The S&P BSE Sensex and Nifty 50, which seemed unmoved by the earlier announcements made by Ms Nirmala Sitharaman, clocked the highest one-day gains in a decade after Ms Sitharaman slashed corporate tax rates (see table below). Table: Corporate tax rates…
Toxic debt papers have impacted the financial wellbeing of debt mutual fund investors. After the IL&FS default episode, many others such as DHFL, Reliance Media Works, Reliance Infrastructure, Essel Group, Amtek Auto and Jindal Steel & Power Ltd (JSPL) were in news for financial distress and/or poor governance. The credit risk hasn’t reduced; in fact, now…
In the stock market or equity investing, it is very common for investors to look at the ‘price’ instead of the ‘value’ the stock commands. The fact is, it’s important to pay the right price for the right stocks. This is precisely what the famous quote: “Price Is What You Pay, Value Is What You…
Ever since credit rating downgrades exposed investors in debt mutual funds to high risk, including the ones who had parked money in liquid funds, the capital market regulator has been on the vigil. A need was felt to review the regulatory framework and take necessary steps to safeguard the interest of investors and maintain the orderliness…
Taking courage from benign CPI inflation and lower ‘core inflation’ readings, the Reserve Bank of India (RBI), in a rare move, cut policy rates by another 35 bps (departing from the normal practice of 25 bps) with immediate effect in its 3rd bi-monthly monetary policy statement for 2019-20 (held on August 7, 2019). Thus, the…
For mutual fund advisors and investors, timely review of the mutual fund schemes is an indispensable part of the journey of wealth creation and accomplishing financial goals. Just as you do regular medical check-ups to identify health problems, if any, and take remedial measures; reviewing the financial health of your portfolio is necessary. You simply…
Reports of naïve investors who have been duped are plenty, and that’s precisely why investors do not trust Independent Financial Advisers (IFAs) today. But, one needs to recognise that trust is earned over a period of time by doing what’s respectful and moral. And investors are cautious at every step. After all, it’s a matter of their hard-earned…
Retail inflation for February 2019 inched up to 2.57% from 1.97% in January 2019, showed the data released by the Ministry of Statistics and Programme Implementation or MOSPI in March 2019. Deflation in food and fuel price was the primary reason for the lower reading. ‘Clothing & Footwear’ and ‘Housing’ and segments remained rather flat.…
