ICICI makes retirement easier with ‘ICICI Prudential Retirement Fund’
ICICI Prudential Mutual Fund today announced the launch of ‘Retirement Fund’, an open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier). Sharing his views about the fund, Mr. Nimesh Shah, MD & CEO, ICICI Prudential AMC said, “The best time to plan forContinue Reading
Save tax while you reinvest
Do you remember the last time you wanted to sell your house but had to pay long term capital gain tax (LTCG)? Well, there’s good news for you. With the Interim Budget of 2019, you can invest in two houses and save taxes from the fiscal year (FY 2020). AsContinue Reading
Interim Budget 2019: More tax benefits, middle-class rejoices
The Interim Budget 2019 proved to be a mixed bag of sorts, but there were a fews sops going in the favour of the middle class. Usually overlooked, the middle class have got tax-breaks in the form of rebates, and tax exemptions on property. With more cash at their disposal,Continue Reading
ICICI makes MF investing hassle-free
You can now keep all your investment woes aside. ICICI Securities Limited (I-Sec) has announced that it will be using the path breaking Unified Payment Interface (UPI) system as its new payment mode. This mode will enable quicker and more efficient investing. The UPI service will open up new paymentContinue Reading
Why Your Mutual Fund Suddenly Changed Its Name
The new fund categorisation drove forced funds to pick clear identities and drop misleading fancy names Suresh received an unusual notice from his mutual fund company one morning. His cherished “opportunities fund” was suddenly becoming a “large-cap fund” from next month. “What’s going on here?” he wondered, genuinely confused byContinue Reading
The most important triggers for an uptick
The Sensex and the NIfty have tumbled since September 2018. What will make it recover? In fact, will it recover any time soon? Indeed, stocks are not in the best of spots. The two big worries? US interest rates and crude oil prices. Over the past week or so, crudeContinue Reading
Mahindra Rural Bharat Consumption Yojana Fund Review: Should you consider investing?
One theme that is currently doing well in India is the consumption theme. Both rural and urban consumption is picking up steam as the the vast, growing middle class wants and buys the good life whether it is cars, bikes, white goods, soaps, travel, beverages, tractors, food, and much more.Continue Reading
Bear market strategies: what you need to do?
It does not matter that the stock market is now in a tailspin or in other words a bear market: you have to pick up what’s left over and move on. Keep in mind that investing in this market is fraught with risk – in fact the risk has onlyContinue Reading
With the stock markets in turmoil, here’s where you can secure your money
If you are want to raise your debt market investment because you do not know where the stock market is going to go, or you don’t have enough information to make a calculated investment decisions, stay out of equity markets. And yes, of course, look at the debt market. YieldsContinue Reading
Aavas Financiers IPO Review: Is it investment worthy?
Aavas Financiers Ltd. (AFL) (incorporated as AU Housing Finance Pvt. Ltd.) is a retail, affordable housing finance company. BUSINESS The company primarily serving low and middle income self employed customers in semi-urban and rural areas in India. A majority of its customers have limited access to formal banking credit. AccordingContinue Reading