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As per AMFI, there are 161 sector and thematic funds. Of these, 64 were launched since the start of 2020. Thematic and sector funds are gaining popularity and advisors and distributors are warming up to them. ....
How to navigate tax changes to protect your long-term money goals SECTIONS Share Synopsis Tax uncertainty is a given. Indian investors need to worry more because tax changes are a regular affair in the country. While some changes have benefitted investors, some have been disruptive. Here are ways to minimise the impact on your long-term money goals. Getty Images Uncertainty about future taxes should not stop investors from milking the current tax regime. It is said death and taxes are the only two certainties in one’s life. But while the tax bit is certain, tax rates are not. Stock markets around the world went into panic mode recently as rumours floated that the US government planned to increase capital gains tax of Americans earning more than $1 million from 20% to 39.6%. As the rumour remained unconfirmed, the jitters subsided and the markets recovered. ....
Investors beat volatility with asset allocation MFs Top Searches Investors beat volatility with asset allocation MFs TNN / May 3, 2021, 04:00 IST FacebookTwitterLinkedinEMail Mumbai: Extreme volatility in recent months in the three most popular asset classes for common people stocks, bonds and gold has prompted investors to lap up asset allocation funds. These mutual funds divide investors’ money in a judicious manner among the three asset classes. The funds also try to provide protection from extreme volatility in the prices of these assets. Financial planners say these funds have historically given higher returns than fixed deposits (FDs), but at a lower risk. Consider this: In the one year to March 2021, total assets managed by these funds jumped nearly 47% to Rs 15,551 crore. Investments in asset allocation fund of funds too grew, at an even faster rate of 61%, to Rs 11,475 crore, official data showed. In comparison, the total assets of the ....
Financial security plays an important role in a household’s overall well-being by lessening anxiety about the future and furnishing the means to fulfill aspirations. Saving is the preferred route to financial security in India. Official data shows the average household in the country saves Rs 18-20 of every Rs 100 earned. However, Indians falter when it comes to investing, or channeling savings into assets that could give returns higher than the rate of inflation for long-term wealth creation. “Indians lack the ability to plan for reaching their financial goals,” Mukund Seshadri, a Mumbai-based mutual fund distributor (MFD), told TOI. They know about the various financial assets, but they lack the ability to map those assets to their financial plans, he added. Instead, most approach investment in a haphazard manner. For example, “when the stock market is going up, they rush to invest in stocks. And when it’s not doing well, they rush to put their money in debt.” ....