BOI-Axa’s Credit Risk Fund was in the focus for all the wrong reasons. The recent fall in its net asset value after a credit event resulted in a 29 per cent loss on a one-year basis, placing the scheme at the bottom of the category. Many issuers are fighting the tight liquidity in the system. Despite the cuts in policy rates by the Reserve Bank of India and fall in benchmark bond yield, there is not much respite for debt investors. In this backdrop, Alok Singh, chief investment officer of BOI-Axa Asset Management Company shares his views on some of these issues.BOI Axa Credit Risk Fund’s NAV has declined 29 per cent over past one year and is at the bottom of the returns table. What went wrong and how do you plan to tide over the situation?Since its inception in February 2015, BOI Axa Credit Risk Fund has been managed like a focussed fund. Though the concentration of issuers meant high risk, it also allowed effective monitoring. The fund did well till August 2018. In … [Read more...] about ‘Taking credit risks in liquid funds not the right thing to do’: BoI AXA
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Foreign portfolio investors (FPIs) sold equities worth Rs 22,500 crore in the Indian market in the September quarter, as concerns over weak macroeconomic environment and uncertainty around the US-China trade talks and Brexit kept the risk appetite low.There was a shift in the preferences of stocks and sectors as well.According to a Kotak Institutional Equities report, Lemon Tree Hotels, Varun Beverages and Shriram Transport saw the highest increase in the stake by FPIs, while Mindtree, Yes Bank and LIC Housing Finance saw the biggest drop in stake.Close Diversified financials, IT services and oil, gas and consumable fuels sectors witnessed FPI selling. FPI ownership in the BSE-200 Index declined to 23.8 percent in the September quarter from 24.1 percent in the previous quarter. related news These 26 stocks saw EPS downgrades in 4 quarters: time to book out? CSB Bank IPO opens today; should you subscribe? Market Headstart | Nifty … [Read more...] about These stocks were FPI favourites in Q2; do you have any?
Pratibha GirishWriting a will is not a pleasant exercise because it forces you to think about death. While all of us know that we are going to die someday, thinking about it is depressing and there are many in our generation who would say “yeh kya apshagun bol rahe ho(why do you speak of such inauspicious things)?”A will is a powerful document and quite simple to make. It gives you the ability to distribute your estate (wealth), choose your heirs and appoint guardianship. A will comes into effect only after the death of the person writing it. As already mentioned, making a will is a fairly simple process, but given our reluctance to getting down to doing it, understanding how the property devolves in case of non-existence of a will is very important.Close At the outset, let’s get a common misconception out of the way. Many people believe, “I have nominated my heirs where is the need for a will?” According to law, a nominee is a … [Read more...] about Viewpoint | Dear Woman, write a Will to ensure your wealth doesn’t go to undeserving hands
Ever noticed a tightrope walker? You could easily notice one at fairs in India, especially in villages. Sometimes, even carefully balancing a pot on his/her head and holding a stick to help maintain balance as he/she treads gingerly from one end of the rope to another.It’s a high risk game! Fall and risk a fracture or break a limb. Reach the other end and earn admiration. You need nerves to even watch it.Buying unlisted shares available in a distress sale is akin to a tightrope walk. Whether you simply buy the shares of unlisted companies that its existing investors want to sell or from an alternate investment fund (AIF) that investors wish to exit midway, or even shares held by employees — these are some of the opportunities that could prop up time and again.Close If you’re vigilant, patient and have the money to spare there could be a fortune. But there’s no guarantee that you’ll make money here. And that is not just the only risk … [Read more...] about Buying unlisted shares and AIF units a tightrope walk, retail investors should stay away
Buying health insurance is an essential item in a personal finance to-do list. If you have already bought one then you are supposed to renew it every year. Over a period of time, the quantum of health insurance required goes up, and so does the premium payable. Rising health insurance premium rates further inflate the bill. That makes many look for larger cover at relatively less price. Some end up buying super top-up policies. Of late, many insurance companies are offering restoration benefit that makes many believe that their existing covers are enough to take care of large hospitalisation expenses.Insurance industry officials tell us that these days some first time insurance-buyers typically want to buy policies with restoration benefit and want to settle for a sum-assured they otherwise would have thought inadequate. At the time of renewal, these insurance buyers may end up opting for the renewal of their base health insurance plan and not renew their super top-up insurance plan as … [Read more...] about Restoration benefit: Should you dump your super top-up policies?