She got married a month ago. And she is proud of the fact that she took care of a part of her wedding expenses with her investments in debt mutual funds. Apurva Bhosale, a 27-year-old IT professional from Pune, started investing in mutual funds like most others: via tax saving or ELSS mutual funds. Bhosale’s brother asked her to meet Deepali Sen, Founder, Srujan Financial Advisers LLP, a Mumbai-based wealth management firm, to finalise her tax-saving investment. Bhosale met Sen in 2016. She remembers talking to Sen about her investments in LIC and bank fixed deposit. “Why should I take extra risk when I am getting guaranteed returns in LIC and fixed deposit,” Bhosale remembers asking Deepali Sen. Deepali Sen remembers telling Apurva Bhosale about the impact of inflation on her money and how she will lose the value of money over long period if she sticks to safer investment options. Deepali Sen asked Bhosale to invest in ELSS to save taxes under Section 80C of the … [Read more...] about Apurva Bhosale, 27, started with an ELSS, and built a wedding fund with debt mutual funds
Mutual fund news
What is the minimum return I can expect from an equity fund over a period of 10 years?--Melquis AlvaresPrableen Bajpai, founder & managing partner, Finfix Research & Analytics, responds: There is no minimum return or a sure-shot figure when it comes to investing in stock market-related products. However, the projections for future returns is usually based on the past trends. The broader markets, such as Nifty, have delivered a compounded annual growth rate (CAGR) of around 9-10% over the past 10 years. While future returns depend on the market conditions, a CAGR of around 9-10% over a 10-year period is a reasonable expectation, based on past trends of over 10, 15, 20 years. But, it is also not guaranteed. If you are looking to invest a lumpsum, opt for the systematic transfer-route, or choose a monthly SIP. Please remember that equity mutual funds, unlike fixed income products, compound in a non-linear fashion and therefore you must embrace volatility to benefit from the … [Read more...] about What is the minimum return can I expect from equity mutual funds?
In an interview with ET Now, Taher Badshah, CIO (Equities), Invesco Mutual Fund, says pharma is a place where they need to build overweights while in IT, they are reasonably well positioned. Edited excerpts: Things are getting from great to superb for Indian markets but given the way the Indian markets are trading at premium valuations to its counterparts, do you think the recent 6-7% rally is justified? Premium valuations have to be looked in the context of what the earnings and the earnings momentum are and this quarter at least trends up until now seem to suggest that things are finally coming across the way market participants have been expecting as far as earnings delivery goes. Aggregate numbers which many of the houses have actually put out for results seem to suggest that numbers are in line but increasingly one should think in terms of how many companies are actually over delivering or beating Street estimates versus earlier. When I look at let us the analysis of 35 … [Read more...] about Looking at contra opportunities in pharma and IT: Taher Badshah, Invesco Mutual Fund
I had invested in UTI Mid Cap Fund via SIP for almost three years. I stopped the SIP as the returns were not up to the mark. Should I take out the money? If I redeem my investment, I will only get the amount I had invested. Please advise.---Abhinava MukherjeeRaghvendra Nath, MD, Ladderup Wealth Management, responds: It is important to remember that SIP investments are for the long term and shouldn’t be discontinued as they help to counter market volatility. If you look at the last two-three years in isolation, you would observe that the broader markets were not performing performed well. The broader markets have started performing only in the last six months after the reduction in corporate taxes. Your fund, UTI Mid Cap Fund, has performed decently and has given good returns, compared to the mid cap index. I would ask you to stay invested. However, if you are looking to switch to another mid cap fund, you can consider investing in the Kotak Emerging Equity Fund. It has … [Read more...] about Should I sell my investments in UTI Mid Cap Fund?
NEW DELHI: Nifty futures on the Singapore Exchange traded 28.50 points, or 0.24 per cent, higher at 12,096.50, indicating a positive for Dalal Street. Here are a few stocks which may buzz the most in today’s trade: Tata Power, Bajaj Finance: Bajaj Finance, Tata Power, The Ramco Cements, IDFC First Bank, Jubilant Foodworks Aptech, Bajaj Finserv, Escorts and GCPL are some of the companies which will report their December quarter earnings today. TCS: Tata Sons has started the process of arranging funds for paying off the Rs 13,823-crore AGR dues of Tata Teleservices, said top officials close to the development. It will most likely bank on group flagship TCS for sourcing funds in case it has to pay the dues immediately, an official privy to the matter said. Bharti Airtel: The $3 billion (Rs 21,240 crore) fundraising exercise has eliminated concerns over viability as it’s now better equipped to pay statutory dues, Bharti unit Airtel Africa said in its December quarter … [Read more...] about Stocks in the news: YES Bank, Bajaj Finance, ITI, TCS, DHFL and Tata Power