We still believe cyclical recovery will play out. Based on this, we are overweight cyclicals, auto and neutral on financials, says McKenzie.
Retail portion was oversubscribed two times; Rs 3,500 crore as against Rs 1,750 crore on offer
This scheme by HDFC MF is the only one of its kind in the industry that caters to philanthropic and corporate social responsibility (CSR) needs of investors.
Income arising from a transfer of equity shares of a company is exempt from long-term capital gains tax if the sale transaction was undertaken after October 1, 2004
On advertising performance of Mutual Funds, the regulator specified that CAGR should be advertised for the past one, three, five years and since inception.
Retail investors should not get carried away by the bull run and should not allocate all their money at once.
“Valuations are high and corporate earnings are taking the time to catch up,” says Vishal Dhawan, chief financial planner, Plan Ahead Wealth Advisors.
The magnitude of victory in the elections has clearly surprised the markets as India is transforming from a “data poor“ to a “data rich“ society, says Munot.
This is the third tranche on offer through which the government aims to garner Rs 2,500 crore.
Typically, these funds invest in a mix of equities and bonds, and allocate a minimum of 65% into equities, with the rest into debt instruments.
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