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Kalpen Parekh of DSP Mutual Fund advises caution amidst market corrections and suggests continuous monitoring for rational investment decisions. Small and midcap froth, Covid impact, revenue slowdown, and high valuations signal a need for prudence in the market. Parekh says:"We would still say it is time to be cautious, time to be more diversified, time to be more asset allocated rather than chasing only one bucket." ....
Budget 2023 made the new income tax regime the default regime. Since this regime doesn’t give Section 80C benefits, ELSS, or tax-saving mutual funds, have lost their tax-benefit edge. Aside from taxpayers who would still opt for the old tax regime, it remains to be seen if ELSS funds can sell themselves purely on performance. ....
DSP Mutual Fund hires Chirag Joshi as Head of Distributor Success adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.