Stating that the institute was committed to serving underprivileged cancer patients over the last six decades, Dr. Shanta highlighted that that institute needed ₹1.5 crore per month for anti-cancer drugs and another ₹9 crore per month for all other expenses, including staff salaries. … [Read more...] about Cancer Institute seeks funds
Hedge fund billionaire
Koppam: Mohammed Twayib and his sister Tasni had been saving money to buy a cycle. But then the COVID-19 pandemic took the world by a storm. And the little children from Edappalam in Palakkad decided to donate their savings to the Chief Minister's Disaster Relief Fund. … [Read more...] about Children, who donated savings to CM’s fund, rewarded with a cycle
I am retired and looking for a safe monthly dividend paying mutual fund. Currently, I am invested in HDFC Balanced Advantage Fund (D). Can u confirm if I can hold on to this fund for the next 7-10 years. Can u also recommend a divided pay out MF?-Raj Shahani Mutual funds do not guarantee returns or dividends. As per Sebi norms, mutual funds can declare dividends only from their realised profits. This means mutual funds would not be able to declare dividends when the markets - bond or equity - are going through a bad phase. So, it is not advisable to bank on dividends to draw a regular income. It is better to set up a Systematic Withdrawal Plan or SWP in a mutual fund scheme to draw a regular income from your investments. If you do not want to touch your capital, you should withdraw less than what you would make in the scheme. For example, if you think the scheme is going to offer you 8% annual returns, you should withdraw less than 8% to preserve your capital. If you do not mind … [Read more...] about Can I hold on to HDFC Balanced Advantage Fund?
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's under-performance pushed SoftBank to a record operating loss of some $13 billion. The 1.6 billion yen amount includes basic pay and other compensation, a group filing showed. The figure was second only to renumeration for SoftBank Group Corp Chief Operating Officer Marcelo Claure, which rose 17% to 2.1 billion yen. While offering big pay packets to foreign executives, compensation for CEO Masayoshi Son was 209 million yen, a 9% decline compared to a year earlier. SoftBank's massive annual operating loss was largely due an $18 billion shortfall at the Saudi-backed Vision Fund which has seen investments in startups like office sharing firm WeWork and ride-hailing app operator Uber Technologies Inc flounder. A key architect of the disastrous WeWork investment, vice chairman Ron Fisher who was the group's most highly paid executive in the … [Read more...] about SoftBank Vision Fund head’s pay doubled last year despite massive losses
You would wonder why anyone would care for a primer on mutual funds when every investor in the country knows that 'Mutual Funds Sahi Hai'. True, a lot of investors have found the virtues of investing through mutual funds in the last few years. Most of them have been investing in mutual funds regularly, irrespective of the ups and downs in the market. However, the industry always attracts new investors who are not very sure about the basics of mutual funds. For the uninitiated, mutual funds are an investment vehicle you can use to invest in bonds, stocks (Indian as well as foreign), and commodities like gold. Mutual funds collect money from individuals, pool it together and invest the money on behalf of them in specified instruments. As said earlier, the investments can be in a specified instrument. For example, an equity scheme would invest in stocks. A debt fund would invest in bonds, a gold fund in gold. There are also hybrid funds that can invest in a combination of equity and … [Read more...] about What is a mutual fund?