To be sure, not all BAFs and the erstwhile balanced funds were mis-sold, but there’s enough anecdotal evidence to suggest that the malice had spread. Renu Maheshwari, a registered investment advisor and co-founder of Finscholarz Wealth Managers LLP, says that balanced advantage funds were one of the most visible examples of mis-selling, under the garb of monthly dividends. “As such, there is nothing wrong with a BAF. It’s a good product under in volatile markets, as your entire portfolio is not exposed to the vagaries of the equity markets. Unfortunately, some sold it as an assured return product to retirees,” she adds. … [Read more...] about DDT abolished: Should investors now avoid dividend plans of MFs?
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Q) What is your take on December quarter earnings? Do you see any green shoots?A) The results for the FMCG companies and some finance companies have been good, but they can’t be described as green shoots. Green shoots happen after a prolonged dry spell! That way, we have seen some green shoots in stronger public sector banks. We still haven’t seen any green shoots in the results of industrial companies. … [Read more...] about ‘Coronavirus leaves opportunity for Indian cos to fill the gap left by Chinese manufacturers’
"We are a mineral rich state and have several mineral based-industries. We invite companies and investors from America to come and explore core sectors” as well those sectors and regions where there is untapped potential, Baghel told PTI in an interview. … [Read more...] about Chhattisgarh CM Bhupesh Baghel invites investors from America to invest in state
“The Nifty50 as a barometer has shown healthy PAT growth of 21% on a YoY basis supported by a cut in tax, it is the marginally below the expectation of 26% growth. From the 49 companies (Excluding YES BANK), 12 was above expectation, 12 inline and 25 below the expectation,” Vinod Nair, Head of Research at Geojit Financial Services told Moneycontrol. … [Read more...] about Over 50 stocks in BSE 500 more than double their profit in Q3; worth a look?
The government is considering revising the tariff structure to help the struggling telecom sector, BusinessLine reported. “Tariff rate is being discussed and in the process...expectations are that it will be fast tracked,” a source told the publication. … [Read more...] about Govt may revise tariffs to aid telecom industry: Report