Axis Mutual fund has launched an overseas fund of fund, Axis Global Equity Alpha Fund of Fund. The fund will invest in Schroder International Selection Fund Global Equity Alpha, a fund that invests in companies across the globe. Considering the volatility in Indian markets, Axis Mutual Fund is of the view that investors are losing out opportunities…
The six-month moratorium on outstanding term loans that RBI provided to borrowers in a bid to help them tide over the economic fallout from the pandemic ended on August 31. For borrowers who are still facing difficulties in meeting their payment obligations, RBI has allowed a one-time restructuring of corporate and personal loans for eligible…
Amid COVID-19 pandemic and geopolitical tensions, many investors seem worried. Not all are confident of the recovery in the Indian equity market since March lows. Fresh skirmishes and another attempt by China to cross the Line of Actual Control, a 23.9% contraction in India’s GDP growth for Q1FY21 (the worst in four decades), a discouraging job scenario, weak…
Multicap funds invest in a diversified portfolio across sectors and market capitalisation and have the flexibility to switch weightage between these elements based on current market conditions and (potential) future prospects. Large caps fare well even during market downturns, while mid and small caps tend to do well when the economy is growing. This makes…
The recent incident of Franklin Templeton winding up six of its debt schemes as well as the rising spate of defaults and rating downgrades in debt instruments has driven investors away from credit risk-oriented debt mutual funds. In order to protect the interest of investors and to further enhance transparency, SEBI has revised disclosure norms pertaining to transactions in…
The swift recovery of the equity market post the COVID-induced crash has surprised savvy investors. Despite the fact that fresh cases of COVID-19 continue to surge and the economic outlook remains uncertain, the market is now inching close to its all-time high levels — the S&P BSE 500 has rebounded around 55% from its lows…
Tax planning is an important aspect of financial planning. We work hard to create wealth for our future; wouldn’t it be nice if we can save our wealth from taxes so that we can work towards our dreams of a bigger house, better car, a foreign vacation, etc.? Equity-linked Saving Scheme (ELSS), also known as…
Union Mutual Fund has launched an open-ended debt scheme, Union Medium Duration Fund (UMDF). It will invest in debt and money market instruments such that the Macaulay Duration of the fund is between 3-4 years under normal circumstances. What is a medium duration fund? As per the SEBI classification, a medium duration fund will invest primarily…
A month ago, the investment journals and business dailies were loaded with stories of SIPs (Systematic Investment Plans) delivering negative returns. For investors planning financial goals, it was disappointing and disheartening to see their wealth being eroded –particularly in small-and-midcap schemes. More than half the Systematic Investment Plans (SIPs) in the equity-oriented funds delivered negative SIP returns over 3…
Though small cap stocks generally tend to be highly volatile, the small cap category has been under immense pressure over the last two years. This poor performance can be attributed to expensive valuations in the segment until a couple of years ago, prolonged economic slowdown, and demonetization. Post the pandemic outbreak, the category lost more…
