Over the years, India has emerged as a pharmacy to the world by being the largest provider of generic drugs globally and exporting pharmaceuticals to over 200 countries. Also, 70% of the World Health Organisation’s vaccines (as per the essential immunisation schedule) are sourced from India. Pharma is the 3rd largest industry worldwide in terms…
In a recent face-to-face with industry experts, Mr Vikrant Mehta, Head – Fixed Income at ITI Mutual Fund was interviewed by Vivek Chaurasia, the Head of Research at PersonalFN. Here are the excerpts of the conversation between the two. Mr. Vikrant Mehta is Head – Fixed Income at ITI Asset Management Ltd. and joined the…
Tax saving is an integral part of one’s wealth creation journey. Equity-Linked Saving Scheme (ELSS), also known as Tax Saving Mutual Fund, is one of the most worthy avenues for tax-saving. In this article we will be revealing PersonalFN’s list of 3 best ELSS (Tax Saving Mutual Funds) to invest in 2023. What is ELSS? SEBI defines…
The Indian stock market is once again scaling at an all-time high. On November 24, 2022, the S&P BSE Sensex set a new record by closing above 62,000 for the first time and the Nifty index crossed 18,500. The US Federal Reserve meeting minutes revealed the rate-setting panel was more amenable to a slower pace…
The Indian equity markets, both the Nifty 50 and the S&P BSE Sensex, as you may know, recently scaled a lifetime high. The Nifty 50 ended at 18,618.05 points and S&P BSE Sensex at 62,681.84 points on November 29, 2022 –clocking +8.3% returns on a year-to-date basis and clear outperformance compared to the global counterparts. Table…
A rising interest rate environment, with an anticipated slowdown in rate hikes going forward and recovering/expanding economic growth, has boosted the short-term debt yield curve. SDLs and AAA-rated PSU bonds offer higher yields than G-secs while maintaining a low credit risk profile owing to the high quality of the instruments. The period of up to…
Target Maturity Funds are flexible and offer a range of tenures with the goal of locating yield pockets that appear attractive at a given point in time. The structure of Target Maturity Index Funds works on decreasing residual maturity, which means each passing year, the maturity of the underlying bonds keeps reducing. In this way,…
Just as the hybrid work culture has become a new-normal post-pandemic, hybrid funds such as Balanced Advantage Funds (also known as Dynamic Asset Allocation Funds), are getting the attention of late. This article includes What are Balanced Advantage Funds or Dynamic Asset Allocation Funds and where do they invest? Why it makes sense to invest in Balanced Advantage Funds/ Dynamic…
Investment in ELSS, also known as tax saving mutual fund, comes with tax benefit of up to Rs 1.5 lakh in a financial year. ELSS also has the shortest lock-in period of 3 years, compared to a lock-in period of 5 years or more in other tax-saving instruments. Over the long run, ELSS can potentially generate…
Investors with an aggressive risk profile prefer to take high risks with the expectation of high returns. These investors may consider investing in Small-cap, which has a high growth potential compared to mid and large-cap companies. At the same time, carry higher risks and is highly volatile than its mid and large-cap counterparts. However, given…
