Some fund managers booked profits in pharma stocks like Alkem Labs, Dr Lal Pathlabs and Advanced Enzyme Technology, after the sharp surge post their IPOs.
Investors can calculate the approximate value of their investments by multiplying the number of units they hold with that day’s NAV of the particular scheme.
Investment advisers will charge a fee even for an individual who approaches them to put in Rs 1,000 in a tax-saving fund.
CBI had raided the officials' homes following a complaint from Durga Agencies, a Coimbatore-based partnership firm, to which the company had given a loan.
Repco Home Finance is a favourite stock amongst fund managers with several mid and small cap funds owning the stock.
The bonds have returned 25-27% on an annualised basis led by a sharp rally in the bond market of late.Between January and March, Nabard, Hudco and IRFC, among others, had come out with tax-free bonds. These firms raised money at rates between 7.6% and 7.7%.
In the last few months, mutual funds have been scrambling to cut exposure to companies with high debt. For instance, ICICI Prudential also cut its scheme's holdings in JSPL's debt pa per.
Mutual funds have been scrambling to cut exposure to companies with high debt. For instance, ICICI Prudential also cut its scheme’s holdings in JSPL’s debt paper.
A SIP (systematic investment plan) is a specific amount, invested for a continuous period at regular intervals, generally on a monthly basis.
For investors living on interest income from deposits, advisors say the government savings bonds, with a tenure of six years for small investors, make sense.
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