Which mutual fund is best for swp

A savings bank (SB) account, where pay is credited for millions of salaried-class people across the country every month, earns one of the lowest interest rates — mostly 3.5% — among most categories of deposit accounts. As a result, a large chunk of money flows out from savings accounts every month after the salary is credited, as individuals eye a higher return by investing in fixed deposits, mutual funds, direct equities and public provident fund, among other avenues.However, this requires some amount of paperwork or efforts, at least initially, as the money has to be moved from the savings account to another account.Nippon India Mutual Fund, earlier known as Reliance Nippon Life Asset Management, is targeting this huge segment through its ‘Salary Addvantage Program’, wherein the salary of an individual is directly credited to his account with the fund house and not a bank, before it is invested in liquid funds to earn higher returns compared with bank … [Read more...] about ‘Banking’ on deposits not a good idea, says this fund house

Video PlayerClose ISTANBUL, Dec. 14 (Xinhua) -- Turkey on Saturday called on the European Union to increase the funding for Syrian refugees being sheltered on Turkish land. "As long as the migration crisis is there, we have to continue to cooperate, and we have to work together," said Faruk Kaymakci, deputy minister of foreign affairs and director for EU affairs. "So far the migration crisis has cost us more than 40 billion dollars," Kaymakci told the foreign press at a meeting in Istanbul, saying only 2.3 billion euros, or 2.6 billion dollars, in aid from the EU have reached Syrian refugees in Turkey numbering about 3.6 million. Turkey agreed to help curb the flow of illegal migrants to Europe under a deal signed with the EU in March 2016, in return for a total of six billion euros in financial aid for the Syrian refugees, among others. In line with the deal, Ankara and Brussels warned Syrian refugees against trying to go to Greek islands illegally, as they would be returned … [Read more...] about Turkey urges more EU funding for Syrian refugees

MUMBAI: Cash-strapped Air India is now finding it hard to continue operations in the absence of any equity infusion from the government so far this fiscal. The divestment-bound airline's CMD Ashwani Lohani said in a late Saturday night Facebook post: "Air India needs to survive till it is sold. I wonder why is it so difficult for this appreciation to sink in..." Air India management had on Monday sent an urgent SOS to the government, seeking immediate sovereign guarantee for raising Rs 2,400 crore as fresh loan to somehow keep flying till outcome of the second divestment process is known. Given the government's tight fiscal position that makes equity infusion difficult, AI was asked to raise fresh loans. However there has been no response to that so far and AI is finding it difficult to continue operations like this. Lohani's plain-speaking Facebook post added: "...in this environment of disinvestment, expecting a radical improvement bordering on a turnaround is an impractical … [Read more...] about Air India needs to survive till it is sold, says Lohani as airline runs almost out of funds

Washington DC: NITI Aayog CEO Amitabh Kant on Friday (local time) said India has put out "probably the best" corporate tax regime in the world now and asserted that the country should use the strength of its domestic market as the structural reforms make it the most attractive destination for investments. "The perception of American investors toward China changed... They will always be looking for alternative investment destinations. Now, one is Vietnam which has limited skills and very limited domestic market. India  should really use the strength of its domestic market," Kant told ANI. India  has put out probably the best corporate tax regime in the world now. At 15% with an effective rate of 17.1%, makes it the best country as far as corporate tax is concerned... This corporate tax coupled with the size of the domestic market, plus the fact that you pushed digitisation and structural reforms that have been carried out makes India  a … [Read more...] about India Put Out Best Corporate Tax Regime, Its Story Has Just Begun: NITI Aayog CEO

There is money in peoples’ hands. The trigger to move that from savings to investment and within investments — the physical to financial move — is a matter of time. Gold had taken a little bit of the cake. When the re-flow happens, real estate will also pick up, says Sunil Subramaniam, MD & CEO, Sundaram Mutual Fund. Excerpts from an interview with ETNOW. I am confident that the worst is behind us but I am not certain if the economic recovery has started. What are your thoughts?What I am certain about is that the government is serious about kick-starting the economy. So, there’s a certainty that government spending is going to happen over the next 12, 15, 18, 24 months and that is definitely going to play its part. Now the choice that the government has exercised in terms of kick-starting the economy is the supply side versus the demand side and that is a crucial point to note. The demand side is very generally immediately in effect. Suppose they give … [Read more...] about Govt spending to kickstart economic recovery; refoms hopefully will create jobs: Sunil Subramaniam