Juzer GabajiwalaInvestors always give a lot of weight to the past performance of returns. In fact, most decisions are always made on the basis of returns.In the case of mutual funds, it is not that you need to ignore the returns as that is ultimately the performance parameter of the fund manager. While selecting a scheme for investment or while deciding whether to continue with a current investment, a fund’s performance track record does play a critical role and returns usually take precedence over other important factors that are considered while investing.Close However, given the changes recently introduced by SEBI with regard to categorisation of schemes, this parameter would not be an appropriate tool at present.Juzer GabajiwalaDirector|Ventura Securities Take the SIP route for equity mutual funds amid volatility, keep 3-5 yrs horizonHow tax is calculated on debt mutual fund investmentsInternational funds: Key to achieving geographical diversificationIn order to enable … [Read more...] about Picking the best mutual fund: Are past returns relevant after re-categorisation?
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In 1985, the Government of India introduced a public housing scheme called Indira Awas Yojana. The chief objective of this scheme was to construct houses for the deprived sections residing in rural areas. In 1996, the project was taken under the aegis of the Ministry of Rural Development and aimed at eradicating rural poverty and empowering the people residing in rural areas through various development programs. From April 1, 2016, Indira Awas Yojana was restructured to become a part of the Pradhan Mantri Awas Yojana, a flagship project of the Government to provide affordable housing for all sections of the society. Pradhan Mantri Awas Yojana has two categories: Pradhan Mantri Awas Yojana Urban and Pradhan Mantri Awas Yojana Gramin.The mission of PMAY Gramin is to provide pucca houses equipped with basic amenities to every homeless person and those who currently reside in Kutcha and dilapidated homes by 2022. Features of Pradhan Mantri Awas Yojana GraminFollowing are … [Read more...] about Pradhan Mantri Awas Yojana Gramin: Types, eligibility, features and benefits
The government is not looking aggressive enough and giving “some interesting ideas that we can hope for in the next few weeks”, Samir Arora, Founder and Fund Manager at Helios Capital, has told CNBC-TV18.Arora said the government after going for the corporate tax rate cut should expand the tax cuts “maybe for consumers, stock markets. In fact, the government is not looking aggressive enough, in fact they have to put that bad patch out".After the government reduced the corporate tax on September 20, the Sensex has rallied 13 percent and hit a record high followed by consolidation.Close The consolidation, with no big correction, indicates that the market could be waiting for more announcements from the government.Samir AroraFund Manager|Helios Capital Management India did better than expected given PNB scam, LTCG tax: Samir AroraLTCG will hurt FII behaviour; will make India underperform other EMs, says Samir AroraYear 2018 will be much tougher for the market than 2017: … [Read more...] about ‘If there is no fiscal expansion in Budget, market will fall’
Outside the US, India is the largest market for e-commerce giant Amazon. The global e-commerce powerhouse does not want to leave any stone unturned to make the most of this market. Earlier this week, the online market place operator said it will develop more content in different Indian local languages such as Tamil, Telugu and more for its over-the-top (OTT) video streaming platform Prime Video.On the face of it, Amazon is pushing its OTT Prime Videos with content that’s more relevant to non-English and non-Hindi speaking Indians. But there are very little profits to be made in the OTT space.The real target here seems to be reaching the bottom of the pyramid population hoping to convert them into consumers of Amazon’s core e-commerce business over a period.Close E-commerce has very limited presence in these markets and Amazon is trying every way to catch them. Besides pushing e-commerce, Amazon has bought Aditya Birla group’s More and is reportedly picking … [Read more...] about Opinion | Amazon’s bet on local language content is a hunt for fresh e-commerce customers
Shares of Larsen and Toubro fell nearly a percent intraday on December 10 after Motilal Oswal reduced its target price by 8 percent as it expects lower order inflow and revenue growth.In fact, the stock lost more than 10 percent in last one month after brokerages started cutting target price of the stock, though they remained bullish on the same. It was quoting at Rs 1,274.50, down Rs 2.40, or 0.19 percent on the BSE at 1142 hours IST."We cut our core E&C EPS estimate by 1.5 percent/3.4 percent for FY20/FY21, incorporating lower order inflow/revenue growth assumption. Consolidated EPS has been cut by 1.3 percent/2.6 percent for FY20/FY21. We have also lowered our target P/E multiple on core business to 20x from 22x on account of macro uncertainties. Accounting for the current market price of listed subsidiaries, target price stands at Rs 1,680 (prior: Rs 1,830)," the brokerage said while maintaining buy call.Close Adjusted for the valuation of subsidiaries, the stock trades at … [Read more...] about Motilal Oswal cuts L&T target price on lower growth expectation