> The committee did not specify a current ratio for automobile manufacturing, due to the “just in time inventory” business model for raw materials and parts, and finished goods inventory is funded by channel financing available from the dealers. … [Read more...] about KV Kamath committee report on loan restructuring for sectors: What does it mean?
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Q: How has Max Life's fund performance been? What is the investment strategy?At Max Life Insurance, overall prudence across all the asset classes has helped us gain leadership across our funds in the previous year where out of our nine active funds, Morning Star has rated seven of our funds 5-star or 4-star and two are rated 3-star. Our investment performance last year was the result of outperformance in all three attributes of fund performance ie asset-class performance, sector selection and stock selection. Most of our funds have done well versus the benchmark and peers in one-year to 5-year timeframe.In equities, our strategy is to focus on quality companies with our GARP (Growth At Reasonable Price) philosophy. For fixed income, we prefer duration management compared to credit risk. Moreover, for fixed income, we follow different investment strategies for Traditional and Unit Linked Schemes (ULIP) in that for Traditional Funds, Asset Liability Management is the key driver for our … [Read more...] about ‘Market looks frothy but value stocks may outperform growth ones in short term’
Then there is the other factor: sustainability. Delhi’s Anju Modi, who refuses to spend huge amounts on a wardrobe but has to dress up for her job as an event manager, says, “It is wasteful to buy expensive garments because you are going to wear a dress once in a while, and it would just keep lying around. But flaunting labels do add gravitas to your image. Renting seems to be a sensible idea.” She came across a small company that was leasing out second-hand couture for a fraction of cost on Facebook last year and has since been hooked. … [Read more...] about Don’t have enough dosh to spend on a Prada gown, Gucci bag or a Rolls Royce? Just rent it!
Insurance is your most trusted ally while dealing with emergencies that can come knocking anytime. While a term plan provides your dependents with a large financial cushion in your absence and helps them take care of their needs, health insurance prevents out-of-pocket expenses and a dip in savings in case of a medical contingency. … [Read more...] about Roadblocks to financial independence and ways to overcome them
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?