As per the proposed changes in the Finance Bill 2023, which was passed in the Parliament amid continuous outrage by opposition leaders, the tax advantage on debt mutual funds for investments made on or after April 01, 2023, will no longer be available. The indexation benefits on Long Term Capital Gains (LTCG) on debt mutual…
Market cap performance differs every year; sometimes large-caps outperform, while other times, it could be mid and small-caps. So, if you diversify across the market cap, viz. large-cap, mid-cap, and small-cap, you can lower the impact of volatility on your portfolio and thereby earn better risk-adjusted returns. Investing in Flexi Cap Funds is a great way to…
We all have certain financial goals in our life– buying a dream home, or a car, going on a long foreign vacation, providing the best education to children, getting them married in pomp and style, and finally living the golden years of life or retirement in bliss. But merely investing in Solution-oriented Mutual Funds may not help…
The Financial year (FY) 2022-2023 was not a great year for the Indian equity market. The Nifty 50 index declined by 3% during this period, while the broader Nifty 500 index contracted by 4.1%, as of March 24, 2023. This is in contrast to the sharp gains the indices achieved in the past two financial…
The Competition Commission of India (CCI), on March 22, 2023, approved LIC Mutual Fund’s acquisition of IDBI Mutual Fund. The proposed deal gives LIC Mutual Fund the right to manage and administer the schemes of IDBI Mutual Fund. As a part of the deal, LIC Mutual Fund Trustee Company will also acquire IDBI Mutual Fund…
The Lok Sabha passed the Finance Bill 2023 without discussion while the opposition continued with its stir demanding a Joint Parliamentary Committee (JPC) on the Adani-Hindenburg issue. With this, the government has had its way in doing away with the tax benefit on the Long Term Capital Gains (LTCG) tax on debt-oriented mutual funds if…
Every individual has some or the other financial goals that are unique to them and their financial needs. You may have a mix of short-term, mid-term and long-term goals. You may want to own a house, buy a luxury car, fund your child’s education and wedding expenses, or build a retirement corpus for your golden years.…
The current environment is not conducive for many to manage their expenses with only salary or primary source of income. Moreover with inflation eroding your savings, long-term sustenance will be another challenge. This is where prudent investment planning comes into the picture. While there are numerous investment tools, such as mutual funds, are available in the…
Mid Cap Funds tend to be highly volatile and can suffer huge losses during uncertain market conditions. However, they have the potential to generate attractive returns in the long run. So, instead of avoiding Mid Cap Funds during market corrections, you can take advantage of attractive valuations in the segment to hike your exposure. When investing…
Indiabulls Mutual Fund is also set to become Groww Mutual Fund. In a notice to unitholders, Indiabulls Mutual Fund announced the change in control of Indiabulls Asset Management Company and Indiabulls Trustee Company pursuant to takeover by the new sponsor ‘Nextbillion Technology’, the step-down subsidiary of Groww Inc. In May 2021, Indiabulls and Nextbillion Technology…
