Investment styles in mutual funds are unique. The valuation paradigms of each fund manager drive them. Every fund manager’s approach to risk will be clearly visible in his portfolio. Investment choices speak louder than words. To appreciate a fund manager’s risk construct, all we need to do is to closely…
Government-backed entities such as, NHAI, REC, PFC, etc. issue tax-free bonds to raise capital. The capital is meant for long-term projects and these bonds have tenors of 10, 15 or 20 years. The interest earned from these bonds is exempt from taxation. Capital gains from the sale of bonds are taxable.
It’s that time of the year when the festive mood creeps into market trade. Every investor is optimistic and every fund manager worth his salt doles a positive prognosis about markets. No matter where markets are, how valuations look, and where the economy is heading, market players turn politically correct…
GST’s travails went through another interesting week of twists and turns. The acceptance of a new, modern tax system by its stakeholders is innate to its success. If people reject a system, and choose to operate outside it, as has been the habit, it would not meet its objectives. The…
The policy: The RBI reviews data understands risks and prepares the economy for anticipated changes. On the surface, it may appear that the reserve bank didn’t do much in its October policy. However, leaving things unchanged reflects careful consideration. Inflation and growth will decide interest rate movements. Inflation is…
The week marked remarkable change in domestic investor sentiment. The Indian market story has long ceased to be a secular one. We are a heterogeneous market and have ample breadth of business performance within our economy. We have churned our indices to remove companies going through difficult times. This counters the…
When DIIs sold, FIIs bought and when FIIs sold, DIIs bought. This was almost mistaken for some kind of Yin and Yang phenomenon. Investors and analysts reduced it to a complementary system, where the two counterbalanced each other. This would work well for the overall market. But, the two aren’t…