Bharat Bond ETF, the initiative of the Department of Investment and Public Asset Management (DIPAM) of the government, was launched on December 12.The government had announced plans for debt ETFs in Budget 2019. The ETF has a duration of 3 years maturing in 2023 with a yield return of 6.69 percent and another duration of 7 years maturing in 2030 with a yield return of 7.58 percent. Both will be listed on NSE and BSE.Stressing on the appeal factor of 3-year and 7-year duration, Deepak Jasani Head Retail Research, HDFC Securities said, "Returns of this 3-year variant could be compared to Banking and PSU debt funds that have an average maturity of 2-4 years and a similar portfolio holding. Longer duration variant (10-years) would naturally bear high duration risk and can be considered by informed investors who want to take high duration bets."Close This ETF is managed by Edelweiss Mutual Fund. So the fund is called Edelweiss BHARAT Bond ETF, and the fund will invest in the bonds … [Read more...] about Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite?
Axis hybrid fund series 24 1276 days growth
The Indian economy has grown by leaps and bounds after attaining Independence in 1947. The history of trade and commerce in the Indian subcontinent can be divided into many phases — deindustrialization induced by colonization, socialist central planning in the aftermath of Independence and free market economics after the liberalization reforms of 1991.India’s share of the world economy slipped from around 25 percent in 1700 to 4.2 percent in 1950. A century under colonial rule had sapped the country’s entrepreneurial spirit. The country was forced to divert its raw materials to feed the mechanized factories that had sprung up in Britain during the industrial revolution. Poverty and famine was rampant.After the British left Indian shores, the newly elected government charted a course for the country that entailed capital controls and central planning, much along the lines of the Soviet Union. Even though the ruling dispensation at the time had pledged … [Read more...] about The India growth story: Here’s how some macro indicators have fared since 1947
India's economic growth seems to be back on a recovery path and the country will be on a firm 7.5 percent plus growth track this fiscal, former chief economic advisor Arvind Virmani said today.He further said the US-China tariff war provides an opportunity to increase India's exports to the US."Economic growth, which has been subject to many ups and downs over the past seven years, seems to be back on a recovery path.Close "... Domestically, the main risk to macro stability is politically driven government consumption spending at the cost of investment and fiscal prudence. If this temptation is resisted, the country will be back on a firm 7.5 percent plus growth track this year (fiscal)," Virmani told PTI in an interview. related news PM Narendra Modi arrives in Kanpur to chair first meeting of National Ganga Council US-China trade deal cuts tariffs for Beijing promise of big farm purchases Snowfall in major tourist places of Himachal He noted that the rise in oil prices due … [Read more...] about India will be back on 7.5% plus growth track this fiscal: Virmani
Understanding mutual funds, deciding the best options for investments and even redeeming them can be challenging for customers from a non-financial background or those embarking on their investment voyage.Though companies often display plenty of information about their mutual fund products on their website, customers still find it difficult to comprehend it and get the precise information they require.Realising this, Tata Mutual Fund (TMF) sought to make it easier and effortless for its existing and prospective customers to understand the nuances of mutual funds.Close It selected Haptik, a conversational AI company and a subsidiary of Reliance Industries, to create an Intelligent Virtual Assistant (IVA) that could replicate the content available on their site and offer it in an interactive way to answer customer queries. related news VoPay & Hydrogen to offer clients seamless access to open banking payments Commercial Banks Struggle to Use AI for Competitive Impact … [Read more...] about ‘Prof. Simply Simple’—the chatbot that will resolve 70% of Tata Mutual Fund’s customer queries
West Bengal Chief Minister Mamata Banerjee on Saturday said the state has got the first prize in 100-day work programme for promoting livelihoods.She said Bankura and Cooch Behar stood first and second respectively among districts in India in implementation of the rural job scheme."I am very happy to share with all of you that West Bengal has got National Award - first prize for 100 days work programme for livelihoods promotion and convergence, as per announcement of Ministry of Rural Development, Government of India", she said in a Facebook post.Close She also said, "Bankura and Cooch Behar districts got best performance awards, first and second, on all India basis. Baburmahal GP (gram panchayat) of Kulpi, South 24 Paraganas also got the best performance award." related news Mamata warns of strict action amid vandalism across Bengal over citizenship law Himachal Pradesh fiscal deficit at Rs 3,870cr in FY18: CAG There is chasm between ideals and implementation of JJ Act: … [Read more...] about Bengal tops in 100-day work programme: Mamata Banerjee