Mutual Fund Corner: Where should I invest Rs 10,000 per month?
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Listen to the Article (6 Minutes)
Summary
Get all your mutual fund related queries answered by our expert, Manoj Nagpal, on our show Mutual Fund Corner.
Want to invest in mutual funds but don’t know how to go about it?
Get all your mutual fund related queries answered by our expert, Manoj Nagpal, managing director and chief executive officer, Outlook Asia Capital, on our show Mutual Fund Corner.
Q: 23-year-old Annie writes to us on twitter. I want to start investing in mutual funds with good returns in next three years. Can you suggest me a good fund and I can make investment of 10,000 per month.
A: As you are a first time investor and just starting to invest in mutual funds, it’s best to have a much longer time frame then just three years. If three years is your tenor, then ideally look at pure debt funds and that too like a short term fund since you want to do monthly investments.
At best, you can look at e funds which have marginal equity in them. Don’t look at a pure equity fund for a three year SIP. Choose funds like the ICICI Regular Savings Fund or the Kotak Equity Savings Fund as a starting step. Only for those surpluses for which you have a longer tenor of at least five years plus, then look at equity fund or aggressive hybrid funds.
Click here to watch the full episode of Mutual Fund Corner
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Mutual Fund Corner: How to choose the best mutual fund scheme?
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Listen to the Article (6 Minutes)
Summary
Get all your mutual fund related queries answered by our expert, Manoj Nagpal, on our show Mutual Fund Corner.
Want to invest in mutual funds but don’t know how to go about it?
Get all your mutual fund related queries answered by our expert, Manoj Nagpal, managing director and chief executive officer, Outlook Asia Capital, on our show Mutual Fund Corner.
Q: Anantha Venkata Krishnan PV writes to us on Facebook. Please give your priority out of these: Axis Bluechip Fund, Axis Focused 25 Fund, Axis Multi Cap Fund, Tata Digital India Fund, UTI Equity Fund and Tata Banking & Financial Services Fund.
A: All the Axis Mutual Fund schemes that you have mentioned have a similar investment style with a focused approach and around 20-25 stocks in the portfolio. The difference is slightly in the market cap bias, but the underlying investment style is the same and hence there is not much differentiation in the performance.
From a longer term approach, the Axis Multicap Fund will a better choice. However, if you are looking at the short term i.e. 2-3 years, then the Axis BlueChip will be a better choice. On your other set of funds, which are thematic funds, we believe that approach should be used not as a core strategy. But if you were to choose thematic funds then, we like the consumer theme and the infra theme better than others.
Click here to watch the full episode of Mutual Fund Corner
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Finance Minister Piyush Goyal is scheduled to present the BJP government’s sixth and final budget of the current tenure, during which it is widely speculated that he may announce sops to regain political ground that the BJP seemed to have lost in the recent assembly elections.
Over the past few weeks, after studying farm packages announced by different state governments, the centre zeroed in on two farm policies by Madhya Pradesh and Odisha.
Niti Aayog tries to counter bleak unemployment data, says Ola & Uber helped create over 2 million jobs
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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India is creating enough jobs for “new entrants” but “probably not” high-quality ones, the government`s think-tank said on Thursday, after a report showed the country`s unemployment rate rose to a 45-year high during 2017/2018.
Government think-tank on policy and macroeconomic strategies, Niti Aayog said nearly 8 million jobs for ‘new entrants’ were created in the country.
NITI Aayog chief executive officer (CEO) Amitabh Kant and Vice Chairman Rajiv Kumar said application-based cab companies like Ola and Uber alone created one million and 2.2 million jobs since 2014, respectively.
India is creating enough jobs for “new entrants” but “probably not” high-quality ones, the government’s think-tank said on Thursday, after a report showed the country’s unemployment rate rose to a 45-year high during 2017/2018.
The statement from NITI Aayog comes after the Business Standard newspaper quoted an official survey that has been withheld by the government on the jobless problem under Prime Minister Narendra Modi, who faces a general election by May.
Kumar said the leaked unemployment report was only a draft, and that the government could release jobs data in March.
On January 29, two independent members of the National Statistical Commission (NSC), P C Mohanan and J V Meenakshi, have resigned over disagreement with the government on certain issues. Mohanan was also the acting chairperson.
With the two members quitting, the NSC now has only two members — chief statistician Pravin Srivastava and Kant.
(With inputs Reuters)
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Mutual Fund Corner: Is Edelweiss Balanced Advantage Fund good for lump sum investment?
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Listen to the Article (6 Minutes)
Summary
Get all your mutual fund related queries answered by our expert, Manoj Nagpal, on our show Mutual Fund Corner.
Want to invest in mutual funds but don’t know how to go about it?
Get all your mutual fund related queries answered by our expert, Manoj Nagpal, managing director and chief executive officer, Outlook Asia Capital, on our show Mutual Fund Corner.
Q: Chinmay Sahoo writes to us on Facebook. Is Edelweiss Balanced Advantage Fund good for lump sum investment?
A: Choosing a balanced advantage fund, which allows the fund manager the leeway to do the asset allocation is not the best strategy. Ideally, your asset allocation is based on your goals, which when you give the money to a fund manager he is not aware of.
Balanced advantage funds try to overlay the market overvaluation and change the asset allocation. It works only when there is a clear defined strategy for doing this, otherwise most of the time such a strategy will not work. Edelweiss Balanced Advantage Fund has a very dynamic model of asset allocation based on multiple factors and performance volatility will be high.
Click here to watch the full episode of Mutual Fund Corner
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
She gave up a career in Biotechnology to sing the blues
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Rajni Shivaram, who studied biotechnology and then reinvented herself as a blues singer, shares the outcome of following her passion.
Raised in Bengaluru, Rajni Shivaram was all set to follow every south Indian parent’s dream. Armed with a Master’s degree in biotechnology from BIT Mesra after having done her engineering in the same stream, the young woman started out on a promising career. But then the blues called, and Rajni followed.
“I’ve been singing ever since I was a kid. Music was something that came very naturally to me, although it took me years to hone my skills and understand that it takes a lot more hard work than people give it credit for!” says the 27-year-old music entrepreneur with Fuzia. For the past two years, she has sung with one of the pioneer blues bands of the country, The Chronic Blues Circus, and now has a band of her own, Midnight Poppies, which mostly plays original music.
Rajni Shivaram
Why was she attracted to the blues? “Simply because it is the layman’s music,” she shrugs. “Everyone has the blues! It was developed by the black American slaves who worked in the cotton fields, singing about their everyday woes. It was all they ever had. It is simple music that each of us can connect to, at some level.”
Rajni admits she was always a sensitive young girl. In fact, she would often cry listening to KD Lang sing. “I thought I was cursed like that; I would love and get hurt very easily. Not until did music come into my life that I realise it was more of a boon than a bane. I could express myself quite well, because I ‘feel’ so much! I gravitate more towards soul, blues, folk and jazz. Any piece of music I sing should be meaningful for me to be able to express myself really well.” She still cries while singing songs like Fleetwood Mac’s Songbird, or Leonard Cohen’s Bird on the wire.
Singer Rajni Shivaram and guitarist Sangeeta Agnes Hosea.
One of her own band’s original compositions, Don’t look back, has a similar effect on her. “We are all bound in so many, many ways and yet are trying to free ourselves from the cage we are all put in. Some songs have the power to move anyone, and love is something that transcends every negative feeling that ever exists,” says Rajni, who gives much credit to her “incredibly talented guitarist” and friend Sangeeta Agnes Hosea for making music that touches her soul.
A well-known bassist, multi-instrumentalist and singer, Sangeeta started Midnight Poppies to give wings to ideas that would pop into her head at 12 or 1 am, after a long, hard day’s work. After recording one album, she decided she wanted something more, and approached Rajni and a couple of other friends to form a band.
Given that music has given Rajni much strength to deal with challenges and to move away from toxic people and situations, she takes every opportunity to share the knowledge. Along with Sangeeta, Rajni is often to be found at schools around town, giving performances to students and introducing them to the art form. “Instead of celebrities, I think young people today are more inspired by everyday regular people just doing their jobs to perfecting, putting their hearts and soul into it,” she says.
It helps that music has helped Rajni get closer to that infinity she calls “God”. “It is something that helps you connect with yourself and those around you. It teaches you empathy, and how important it is to love and be loved,” she often tells students. It’s also a great way to vent out one’s frustration and transport oneself to another world. “Music is quite literally magic! It is my happy place. At the same time, it can convey the deepest, darkest feelings that wouldn’t be possible otherwise,” she says.
Having challenged social conventions, both in terms of a professional detour and choosing to be single, Rajni often faces “nasty” situations in life and showbiz. “I stick to the people I trust and believe in, and I am not easily enticed by the offers that come my way. Respect for my art has kept me going,” Rajni affirms. “It is an uphill task, really, but it is something I am ready to take on.”
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Mutual Fund Corner: Should I invest in ICICI Value Discovery Fund?
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Listen to the Article (6 Minutes)
Summary
Get all your mutual fund related queries answered by our expert, Manoj Nagpal, on our show Mutual Fund Corner.
Want to invest in mutual funds but don’t know how to go about it?
Get all your mutual fund related queries answered by our expert, Manoj Nagpal, managing director and chief executive officer, Outlook Asia Capital, on our show Mutual Fund Corner.
Q: Kaparouthu Venkatesh writes to us on Facebook. Your opinion on ICICI Value Discovery Fund.
A: ICICI Value Discovery Fund is managed by Mrinal Singh for the last 7-8 years of its total history of around 15 years. The fund was launched in 2004. Performance of the fund over time has been above average for most parts of the time-frames, but in the recent short-term it is below average. Has seen multiple changes in mandate over its life cycle like being a mid cap fund, then a multicap fund and then a large cap and now a value orientation.
However, to be fair, the value orientation has been a consistent across time frames but the changes in the market cap leads the long term performance to be ignored. If you want to choose from the ICICI Fund House, then ICICI Multicap Fund managed by S. Naren is a better choice. Or else Kotak Contra, HDFC Capital Builder are other options which could be better.
Click here to watch the full episode of Mutual Fund Corner
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
GST collections in January crossed Rs 1 lakh crore-mark, after a gap of 2 months, the Finance Ministry said on Thursday.
GST collections in January crossed Rs 1 lakh crore-mark, after a gap of 2 months, the Finance Ministry said on Thursday.
“The total gross GST Revenue collected in the month of January, 2019 has today crossed Rs 1 lakh crore. This has been a significant improvement over collection of Rs 94,725 crore during last month and Rs 89,825 crore during the same month last year,” the ministry tweeted.
This is the third time in current fiscal that GST (Goods and Services Tax) collections has crossed the Rs one lakh crore-mark. Previously in April and October, the collections had surpassed this milestone.
GST collection stood at Rs 1.03 lakh crore in April, Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July, Rs 93,960 crore in August, Rs 94,442 crore in September, Rs 1,00,710 crore in October, Rs 97,637 crore in November and Rs 94,725 crore in December 2018.
“This increase has been achieved despite various Tax Relief measures implemented by the GST Council to lower the tax burden on the consumers,” the ministry said.
Conventionally, GST collection data for a month is released on first day of the subsequent month. However, for the month of January, the full details of the revenue mopped-up will be released on February 2.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Government not to extend February 1 deadline on revised norms for etailers
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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The government on Thursday said it will not extend the deadline of February 1 for implementing the revised guidelines for e-commerce companies having foreign direct investment.
The government on Thursday said it will not extend the deadline of February 1 for implementing the revised guidelines for e-commerce companies having foreign direct investment. The Department for Promotion of Industry and Internal Trade (DPIIT) said it had received some representations to extend the deadline of February 1, 2019 to comply with the conditions contained in the Press Note 2 of 2018 series on FDI policy in e-commerce.
“After due consideration, it has been decided, with the approval of the competent authority, not to extend the deadline,” it said in a statement.
Both Amazon and Walmart-owned Flipkart have sought an extension of the February 1 deadline for complying with the revised norms, stating that they need more time to understand the details of the new framework.
While Amazon has asked for time until June 1 this year, Flipkart has asked for six months. Both the e-commerce giants showed their displeasure regarding the government’s decision.
“We are disappointed that the government has decided to implement the regulation changes at such haste, but we are committed to doing everything we can to be compliant with the new rules,” a Flipkart spokesperson said in a statement. Flipkart has told the government the company faces the risk of “significant customer disruption” if the implementation of new curbs for e-commerce is not delayed by six months.
Amazon said that the policy will affect price selection and convenience for customers and sellers. “There is much uncertainty on the impact of government rule changes on ecommerce,” CFO Brian Olsavsky said on the call. “We remain committed to complying to the rules, but we are evaluating the situation. The main concern is trying to minimize impact on consumers and sellers.”
Amazon India brought swift changes to its platform overnight on Thursday to comply under the new rules, with its seller entities Cloudtail and Appario virtually disappearing from the platform, and several of its private label products also missing
On December 26, 2018, the government tightened norms for e-commerce firms and barred online retailers like Flipkart and Amazon from selling products of the companies in which they have stake.
The government also prohibited e-commerce companies from entering into an agreement for exclusive sale of products. As per the revised guidelines, a vendor cannot procure more than 25 percent of products from group companies of the same marketplace where they intend to sell them.
Domestic traders body Confederation of All Indian Traders (CAIT) had asked the ministry not to extend the deadline for implementation of the changes.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Yes Bank appoints Ajai Kumar as interim chief executive
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Yes Bank Ltd on Thursday named Ajai Kumar as interim chief executive, effective Feb. 1, until Ravneet Gill takes charge.
Yes Bank Ltd on Thursday named Ajai Kumar as interim chief executive, effective Feb. 1, until Ravneet Gill takes charge.
Rana Kapoor stepped down as CEO on January 31 after the bank’s founder completed his truncated term, the lender said in a statement.
Yes Bank hired Gill, the head of Deutsche Bank India, as its new chief executive last week after the Reserve Bank of India (RBI) demanded that Kapoor be replaced.
The RBI had denied Kapoor an extension to his term twice last year without giving a reason and asked Yes Bank to find a new CEO by Feb. 1, exemplifying an increasingly assertive approach to tackling Indian banks’ bad debts.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
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