In this video, we explain why Franklin Templeton debt funds have taken a hit, which other mutual funds are exposed and what you can do about it.
There are only limited tax saving deductions available under the Income-tax Act and it is important that we make the most of it and not fall for any preconceived notions. We help you bust five myths people fall for while planning their tax-saving investments.
Focusing only on the tax benefits of an investments can lead to unintended consequences such as too much or too little exposure to asset classes in the portfolio. It is important to be mindful of the goals which in turn should drive the asset allocation and the products included in the portfolio.
Despite a dismal performance in last two years, buying smallcap stocks is seen as a prudent investment strategy. In an interview to Mint's Nasrin Sultana, S Naren, Executive Director and Chief Investment Officer, ICICI Prudential Mutual Fund said that smallcap stocks will outperform in three to five years
Retail inflation in December hit its highest since July 2014, but it was mostly driven by a 60% jump in vegetable prices and a 15% rise in the price of pulses. Excluding these two food groups, retail inflation was 3.8%, which is within the RBI's comfort zone. Since the demand for food doesn't get affected by interest rates, this rise in retail inflation does not warrant any hike in the RBI's signal rates.
India is reportedly planning to step up the heat on Malaysia by imposing fresh restrictions on the import of microprocessors and telecom equipment, as Prime Minister Mahathir Mohamad’s repeated statements against some of India’s internal policies hurt bilateral ties. India has reportedly also privately signaled to palm oil traders not to import from Malaysia. The question is, should differences on the diplomatic front be allowed to spill over to trade relations? Mint Views Daily dispatch brings you scenes from the Mint edit table where ideas are mooted, discussed and debated before they make it to the coveted editorial page of the paper.
This year hopes are very high from the finance minister to announce some tax cuts for individuals in the budget. As the economy is growing at a slower pace, it is anticipated that the government will announce some tax cuts to boost consumption.
Microsoft boss Satya Nadella has spoken about India’s controversial citizenship law. The Indian-born executive has expressed dismay at it and mentioned that he would love to see, for example, a Bangladeshi immigrant succeed in the country’s technology industry. He has made a strong case for diversity. The question is whether CEOs should be commenting on political issues. Also, just how valuable diversity is for an economy?
The entertainment offerings this week include Deepika Padukone-starrer Chhapaak, Ajay Devgn’s Tanhaji- The Unsung Warrior and Rajinikanth’s action drama Darbar. In the latest episode of its show, 'Business of Entertainment', Mint's Lata Jha goes through the financial performance of what’s buzzing in the world of entertainment.
Walmart has reportedly downsized a sizeable chunk of its staff in India. The world’s largest retailer reportedly also plans to shut its Mumbai fulfillment centre and halt new-store expansion in the country. Its piling up losses even after a decade of operations in India perhaps explain its decision.
An individual can reduce his tax burden by investing under various instruments and get benefits of up to Rs1.5 lakh under Section 80C of the Income-tax Act.
The CSO pegs FY20's economic growth rate at 5% which is one of the lowest in a long time. Analysts expect that the GDP growth rate could be revised downwards to about 4.5% later. Among the reasons to doubt the growth rate is the slow credit growth and muted festive cheer
An earnings recovery may continue to elude Indian companies in the December quarter due to weak sales growth, muted demand and, tight liquidity. However, cost control measures are expected to lead to an uptick in margins, while profits could be held up by the corporate tax cuts announced in September, says Rahul Singh, chief investment officer-equities at Tata AMC in an interview to Mint.
Budget 2020 is a great opportunity for the Modi Government to reset the economy for the long term. This means forgetting fiscal fundamentalism, spending more & the government re-entering the economy. Since the Rao-Manmohan reforms, India's economy has been catering to the top 10%. It is time to restructure government policy to reorient the economy to produce for the remaining 90% and create wealth for them. This is the only way to bring India's economy back on track in the coming decade.
The automobile sector made several headlines in 2019. It witnessed a double-digit drop in volumes across segments in 2019, but some respite seems to be on its way in 2020. Hetal Gandhi – Director, CRISIL Research discusses the pain points for the sector in 2019 and how the impending BS-VI norms will impact the industry.
In the latest episode for Startup Diaries, Vishal Gondal, founder of Goqii Inc. talks about how he is building a super app for health and fitness. On the growth trajectory, Gondal shares that they want to get to 100 million users from the current 10 million users in the next 3-4 years. Watch the video for an engaging watch as Gondal performs fitness stunts during the course of the interaction.
Bajaj Finance investors now seem to be taking note of the consumption slowdown and the adverse impact that it can have on the lender’s financial performance. Bajaj Finance has said its assets under management increased by 35% for the December quarter, the slowest growth in last two years. What's worse, is that growth in new loans has dropped sharply to 13% from 23% in the September quarter. Bajaj Finance’s management had warned about the slowdown in AUM growth in the September quarter. However, the slowdown seems to be deeper than what the lender had anticipated.
Violence erupted at the JNU campus on Sunday as masked men entered the university campus, attacked teachers and students and vanadalised properties. This is condemnable as violence has no place in democratic societies, let alone places of learning. Unfortunately, there seem to be increasing instances of educational institutions coming under attack. We discuss what needs to be done to make our universities safer so that free exchange of ideas and public debates can take place. Mint Views Daily dispatch brings you scenes from the Mint edit table where ideas are mooted, discussed and debated before they make it to the coveted editorial page of the paper.
We look at four trends in fintech industry which can redefine financial products. These include travel insurance product where you don’t need to file a claim. A card from a fintech player that offers no mark-up fee when used abroad and the accompanying app takes care of the security. Watch the video for more.
Oversupply, shrinkage of demand, lack of capital for both institutional and individual buyers have led to the creation of “the perfect storm” for the Real Estate sector. The solution is to use the government-sponsored corpus to complete projects and separately to solve the NBFC stress and stimulate demand. The situation is going to change dynamically in three to five years with consolidation in the market and lot more end-user demand.
