The initial reaction to the Budget announcement has been far more dramatic than what the final impact would possibly be. First, section 80C was a crowded bucket and the customer had a lot of choices other than life insurance. Second, we have been witnessing a reduction in the percentage of people buying life insurance purely for tax purposes. As awareness increases, more people are now buying life insurance for long-term savings and protection. Third, the maturity benefits under Section 10(10D), not applicable to mutual funds, would still be available. … [Read more...] about Equity MFs versus ULIPs: Which investment is better after the Budget?
Ufg private equity
Terming the Union Budget pragmatic, Niti Aayog CEO Amitabh Kant said the government is determined to take India on a high growth path. He further said if the government will be able to achieve disinvestment target of 2020-21 then the Budget will be very successful. … [Read more...] about Govt determined to take country on high growth path: Amitabh Kant
The Survey, the maiden one authored by Chief Economic Adviser Krishnamurthy V Subramanian, showed that the cumulative net assets under management of all MFs increased by 11.4 percent to Rs 23.79 lakh crore in March 2019 from Rs 21.36 lakh crore in March 2018.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Economic Survey 2019: Mutual funds witnessed 60% fall in net inflows in FY19
The big challenge in front of exchanges will be handling a mass base of investors. Although industry experts don't see a surge in direct plans as a result of opening its doors directly to investors, it may benefit a section of large investors who would want to invest as close to the official cut-off time as possible. In that sense, SEBI has created a level-playing field with the MFU platform.Not sure which mutual funds to buy? Download moneycontrol transact app to get personalised investment recommendations. … [Read more...] about SEBI gives direct access to stock exchanges for mutual fund investments
Last week, I did a financial well-being session at a well-known corporate house, the participants being predominantly women in their 30s. While they were all keen on taking charge of their finances and made for an attentive audience, most of them were extremely risk-averse. I work with a lot of women and with men too. In most cases, the women are far more risk-averse than the men. Even so, meeting a group of women, all of who were shying away from investments which they perceived as risky and chose to invest in less-efficient products, was quite startling. … [Read more...] about Dear woman, don’t be risk-averse in choosing your investments