The market regulator, Securities and Exchange Board of India (SEBI), in its latest circular dated June 08, 2023 on Thursday, announced about the soon to be launched user-friendly online mechanism or portal for service requests and complaints regarding your online investments; it shall help investors at large. SEBI has decided to implement a new system that provides…
Welcome to PersonalFN’s weekly analysis on diversified equity mutual funds. In this issue, we have analysed ICICI Pru Value Discovery Fund, highlighting its performance, peer comparison, investment strategy, fundamentals, portfolio, and suitability. ICICI Pru Value Discovery Fund is the largest scheme in the Value Fund category managed by veteran fund manager Mr Sankaren Naren. It is a true-to-style value fund that has…
The Reserve Bank of India (RBI) for the second successive time, kept the policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.50% in its June 2023 bi-monthly monetary policy 2023-24 meeting. All six members of the MPC voted in favour of this decision. Consequently, the Standing Deposit Facility (SDF) rate — which absorbs excess liquidity…
The Securities and Exchange Board of India (SEBI) has prescribed the financial institutions and intermediaries a set of requirements under the Prevention of Money Laundering Act (PMLA) Act of 2002 to know and verify their customers. The SEBI-authorised financial institutions like Asset Management Companies (AMCs) and Registrar and Transfer Agents (RTAs) need to perform mandatory…
For individuals in the organized sector, the Employees Provident Fund (EPF) is a worthy social security government-backed scheme to build a nest egg for retirement, an inescapable truth of life. Over the years, the EPF interest rates have moved up and down in response to the interest rate environment (closely in line with government securities). Year %…
Most of us use a good portion of our income in paying for the utility bills, loan EMIs, credit card bills, and other expenses, while keeping the rest in our bank accounts. Usually, this money is considered as savings and offers you liquidity (cash in hand) so that you can withdraw or use it at…
Macroeconomic uncertainty, high interest rate, currency concerns, recessionary risk, etc., are among the key challenges in India currently. These are the factors that may influence the market performance, causing volatility and may have a negative impact on one’s investment portfolio. On the contrary, the Indian equities markets and investors have been encouraged by the relatively…
Aggressive Hybrid Funds are equity-oriented hybrid funds that offer optimum diversification in terms of asset class by holding a mix of equity and debt instruments in their investment portfolio. A combination of these asset classes offers a high level of diversification, lowering the risk as compared to pure equity funds. The equity allocation in this category…
The Securities and Exchange Board of India (SEBI), the market regulator, is concerned about the dramatic growth in the number of unregistered investment advisors or ‘financial influencers’ who offer unsolicited financial advice across various social media platforms. SEBI is now developing regulations to control this expanding community of ‘Finfluencers.’ In my previous article – Investments Recommended by…
The Indian equity markets, despite certain worries about the U.S. Debt ceiling, elevated interest rates, bank runs in the U.S., talks of recession, geopolitical tensions, and a slower-than-expected recovery in China, among other factors, have managed to create wealth for investors. Thanks to the relatively better underlying fundamentals — whether it’s India’s GDP growth, inflation,…
