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ET Wealth

The section 80C includes a host of options that qualify for tax deductions. That includes your Employees Provident Fund or EPF, ELSS and life insurance premium.

If you are convinced about the efficacy of these `diversifiers,' you may consider allocating a small part of your portfolio to them, only if you have a sizeable portfolio.

India needs to discourage gold imports to provide adequate capital for higher economic growth. Net import of gold and precious stones in eight years (FY11-18) is estimated to be around $300 billion, more than double of foreign portfolio investments of $145 billion received in the same period.

The knowledge that I have gained over time, has done me good in life and I wish to share these experiences with you as we set foot into another decade.

Budget 2020 & LTCG tax: Should you invest more in equity mutual funds?

Many mutual fund advisors are hoping that the government may remove long-term capital gains tax on equity mutual funds in the coming budget.

Currently, long-term capital gains or LTCG on equity mutual funds held over a year are taxed at 10 per cent. This tax is applicable on capital gains of over Rs 1 lakh made in a financial year. If the LTCG goes, returns on equity mutual funds would once again become tax-free. Should you allocate more to equity mutual funds? However, the precarious financial situation may make it difficult for the government to offer many tax cuts to the mutual fund industry.

Passive schemes are gaining traction after they proved their worth in the large cap segment in the last two years. The other reason for their popularity is their ‘low-cost’ structure.

Mutual fund houses are playing it safe this year - most refuse to comment on their expectations from the budget. Association of Mutual Funds of India or Amfi has already put out a wish list.

AMCs like Nippon, ICICI Prudential, UTI, L&T, JM and IDFC are in queue to launch passive schemes ranging from bank ETFs and IT ETFs to mid and small cap index funds.

Fund managers expect global growth to rise

“Investors are bullish, but not euphoric,” said Michael Hartnett, chief investment strategist at BofA.

Axis ESG fund is a bit different from other ESG funds as it will invest up to 30% of its corpus in foreign stocks. The Axis ESG NFO fund closes on February 5.

Many mutual fund advisors say that investors make some common mistakes that reduce their chances of earning the maximum returns.

Mutual fund participants and investors are all geared up for Budget 2020. If the last few budgets are of any indication, mutual funds are unlikely to have much to celebrate in the upcoming budget.

The finance minister introduced a 10% tax on long term capital gains made in equity schemes over Rs 1 lakh in a financial year, without providing any indexation benefit. The finance minister added that all the gains up to 31st January 2018 will be grandfathered. The minister also announced 10% dividend distribution tax (DDT) on equity schemes.

Suit the debt MF to your risk appetite

Investors have been hit across categories of mutual funds — be it ultra short term, duration or credit.

Many participants at the ET Wealth Investment Workshop wanted to know when the value funds will regain their lost charm. Nilesh Shetty, co-fund manger of the pioneer value fund, Quantum Long Term Equity Value Fund, responded to their queries in detail.

"The mid-caps and small-caps have been on the receiving end for the past two years and they are looking attractive now. I think 2020 will be the year, when the beaten down mid-caps and small-caps will do well," says Sikka.

Debt schemes of Franklin India Mutual Fund are in the news due to their exposure in the troubled Vodafone-Idea papers.

The telco’s survival will now depend on its ability to garner funds to pay the statutory dues.

Can waste management principles help you to manage money better?

The convergence of finance with waste management may seem preposterous and improbable, but lately the concept of ‘Prudent Money Management’ is generating palpable interest among industry savants- conventional and modern alike.

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