Independent credit rating agencies are in the line of fire, and rightly so. According to The Hindu dated June 12, 2019, credit rating agencies have downgraded 163 credit facilities in 2019, which is a 51 per cent increase in the total tally for the last four years. Have these downgrades come just too late? The…

Recently, since the debacle of IL&FS and DHFL defaulting made news headlines, the investors became distraught. And it shattered their delusion of debt investment is safe. Wary investors are cautious with their hard-earned money and losing interest in investing in debt funds. To prevent this from happening, several fund houses started offering debt schemes that…

After recording a landslide victory in the Lok Sabha Elections 2019, Mr Narendra Modi has secured his position as the Prime Minister for one more term. In fact, there were no other strong contenders for his position. But that isn’t the case for the finance minister’s job. There were many contenders for the role of…

India’s third-largest housing finance company, DHFL, is gasping for fresh life. On June 4, 2019, DHFL delayed the interest payment on its Rs 850-crore worth Commercial Paper (CP). Following this event, the independent rating agencies downgraded DHFL debt to Default (D). Within just 4 months, DHFL’s credit rating has taken a serious knock from “AAA”…

Economic growth is under the weather. Importantly, RBI has now decided to recognise it as a problem. In the second bi-lateral monetary policy review of FY20, RBI decided not only to shift its policy stance from neutral to accommodative, but also decided to reduce the policy rate to 5.75% i.e. by 25 basis points. RBI’s…

Remuneration of Mutual Fund managers’ may soon be linked to the performance of the schemes they manage if the market regulator accepts suggestions of the Mutual Fund Advisory Committee. But isn’t that supposed to be the case? Why haven’t mutual fund houses already linked their fund managers’ pay with their performance? According to an article…

ICICI Prudential MNC fund is another open-ended equity thematic fund launched by ICICI Prudential Mutual Fund. What is a Thematic/Sector Fund? A thematic/ sector fund aims to invest in companies that are unified with one specific theme or of that sector. For example, a fund investing in housing theme would invest in sectors such as…

Number 303 seems to have a special importance in world history. Not many of you might know that the British Army defeated the Nazis in World War II had employed the 303-rifle–the third most effective rifle of all times after AK-47 and M-16. Nonetheless, experts claim the 303-rifle has been the most destructive weapon on…

You will soon be able to invest in commodity derivatives through mutual funds. The capital market regulator has been trying to encourage institutional investors to increase their participation in the commodities derivatives market for the past 2-3 years. Finally, it’s ready with the framework. SEBI has already permitted Alternative Investment Funds, Eligible Foreign Entities, and…

Yes Mutual Fund, a newbie in the Mutual Fund industry has launched yet another debt scheme, Yes Ultra Short-Term Fund (YUSTF), to increase its product offering for its growth in the competitive industry.  YUSTF is an open-ended debt scheme investing in debt and money market instruments such that the Macaulay duration of the portfolio is…