The divestment programme of the Indian government has seen good traction thus far, partly because the government chose the exchange traded fund (ETF) route for the purpose.While more than Rs 10,000 crore rides on public sector company stocks through these schemes, the performance of PSU-stocks-dedicated mutual fund schemes have seen a dip in the past three months. This has made investors jittery about their investments.However experts advise investors to ignore short-term noise and focus on long-term prospects.Close "Owing to market volatility, investors may opt for defensive stocks. Many PSU stocks are large companies available at relatively attractive dividend yields. So, investors can consider investing in a staggered manner over next six months while investing in this space," says Chintan Haria, Fund Manager and Head of Product Strategy at ICICI Prudential AMC. related news Double Your Income series: Can I boost my income even if the economy is slowing? What is … [Read more...] about Do PSU equity funds offer an investment opportunity after their recent fall?
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Oxford Dictionaries defines its official Word of the Year, post-truth, as “relating to or denoting circumstances in which objective facts are less influential in shaping public opinion than appeals to emotion and personal belief.” This month, we will briefly highlight each day a major moment from 2016 that most exemplifies the concept of post-truth. Many of these moments will, inevitably, pertain to our president-elect. advertisement As 48.2% of the electorate spent the month of November mourning the prospects for the environment, their right to free speech, and their ability to express their beliefs without fear of violence from official state actors following the election of Donald Trump, the “water protectors” at Standing Rock who gathered to protest the Dakota Access Pipeline were already engaged in a struggle based around all of those things in the administration of his predecessor. The protests at Standing Rock, which began in April, took on an … [Read more...] about The Year In Post-Truth, Day Four: Conflicting Stories at Standing Rock
I saw the power of allyship firsthand while fighting to legalize same-sex marriage in my home state of Maine. advertisement advertisement Governor John Baldacci signed marriage equality into law back in 2009, but it was repealed when opponents petitioned for a referendum and voters rejected it. That may have been due to the fact that citizens weren’t empowered to be part of the solution. They weren’t included in the discussions that led to the bill’s initial signing. When a new bill came under popular vote in 2012, the strategy changed to focus on allyship. Hundreds of committed volunteers knocked on the doors of almost 250,000 households (about 20% of the population) in Maine. I and other volunteers had one-on-one conversations with people who voted “no” in 2009. We talked with them about the power of marriage and family in the LGBTQ+ community and linked it to issues they cared about. The result? In 2012, 53% of voters said “yes” to … [Read more...] about How straight, white men and other privileged groups can be allies
While working with a pharmaceutical multi-national company in India in 2013, Mumbai-based 42-years old Rupali Kalav bought a flat in Navi Mumbai for Rs 58 lakh using home loan. At that time, it was a lucrative investment as other investors were making returns in 16% to 18% range on their real estate investments. Tax savings with home loans were further sweetening the deal.However, things changed over a period of time. Demonetisation and structural slowdown on account of massive supply made the real estate market dull.Two years ago, when Rupali took entrepreneurial plunge in brand communication and marketing technology, the reality hit her hard. Her unpredictable business income made timely repayment of equated monthly instalment difficult. When she decided to sell the property in February 2017, she found it difficult to sell.Close Rupali Kalav says, “Over the period of loan tenure, I am going to pay almost double the price it was quoting at. And the market is so bad … [Read more...] about Here’s why liquidity is important when making long-term investments