The Reserve Bank of India (RBI) , for the fourth successive time, has kept the policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.50% in its October 2023 bi-monthly monetary policy 2023-24 meeting. On October 06, 2023, the RBI Governor Shaktikanta Das-led Monetary Policy Committee (MPC) maintained the status quo on repo rates and stance. The…
In the realm of investing, we often find valuable lessons and wisdom from unexpected sources. Take, for instance, yesterday’s thrilling first match between India and Australia in the ICC Men’s Cricket World Cup 2023. Team India faced a daunting challenge, losing 3 quick wickets with only 2 runs on the scoreboard. Yet, they clawed their…
Investors are increasingly preferring mutual funds to begin their wealth creation journey as they offer ease of investment, liquidity, and transparency. However, despite improved economic growth prospects, macroeconomic uncertainty, high interest rate, currency concerns, recessionary risk, etc., are among the key challenges that India struggles with at the moment. Now, these are the factors that…
Welcome to PersonalFN’s weekly analysis on diversified equity mutual funds! In this issue, we have analysed Mirae Asset Emerging Bluechip Fund, highlighting its performance, peer comparison, investment strategy, fundamentals, portfolio, and suitability. Mirae Asset Emerging Bluechip Fund is the most popular Large & Midcap Fund that is known for its prudent investment strategy. The fund has built a commendable long-term performance record without…
Several industries have gained attention in recent years due to their large contributions to India’s GDP. Among these, the semiconductor industry is one of the sectors thriving to contribute to India’s success story. India is home to over 200 semiconductor design and embedded software firms, according to a report by the India Brand Equity Foundation…
In my previous article, I have explained the rate hike that took place on June 30, 2023. The Government had increased interest rates on Small Savings Scheme Schemes by 10-30 basis points for July-September Q2 FY 2023-24. [Read: Small Savings Scheme Schemes: Interest Rates Hiked for July-September Quarter] Small Savings Schemes are designed to provide low…
Ethanol is largely produced in India as a byproduct of the country’s sugar industry and is sourced from sugarcane. An essential industrial chemical, Ethanol is used in a variety of products including plastics, polishes, medicines, cosmetics, plasticizers, alcoholic beverages, and more. Notably, major sugar producers in India have emerged as significant Ethanol manufacturers. Brazil is…
Welcome to PersonalFN’s weekly analysis on diversified equity mutual funds! In this issue, we have analysed ICICI Pru Bluechip Fund, highlighting its performance, peer comparison, investment strategy, fundamentals, portfolio, and suitability. ICICI Pru Bluechip Fund is the most popular Large Cap Fund that holds a superior track record of rewarding investors reasonably well in the long run by investing in fundamentally sound stocks…
Last week JPMorgan Chase, the New York-headquartered multinational financial services firm’s global index research group, announced the addition of the Indian government bonds to its Global Bond Index- Emerging Markets index suite. This came in after a JPMorgan investor survey found that funds wanted to replace Russian debt with that of India, after the invasion…
The Micro Cap segment of the equities has caught the fancy of investors and mutual funds amid a strong rally in the broader market. In the last one year, the Nifty Microcap 250 – TRI index has gained 44.3%. This index comprises the top 250 companies beyond the Nifty 500 index, i.e. micro-cap companies ranking from 501st to 750th based on…
