Aarthika Tantra

  Canara Robeco AMC has come out with NFO of " Canara Robeco Banking and PSU Debt Fund ", which is an open-ended debt scheme predominantly investing in debt instruments of banks, public sector  undertakings, public financial institutions and municipal bonds.  NFO Period : 29th July - 12th August 2022. Why invest in a Banking and PSU themed debt fund now ? - Volatile Geo-political situation - High inflation, leading to sharp Interest rate hikes - Rising funding costs, coupled with demand drop(due to inflation), likely to hit margins - Credit profile of lower rated companies may deteriorate in coming years - Prudent to invest in a portfolio of AAA/A1+ rated securities primarily issued by Banks and PSUs which are of high credit quality and carry a relatively lower credit risk Note : This type of fund  carries a relatively high interest rate risk  and moderate credit risk. Why Canara Robeco Banking and PSU Debt Fund ? - The Fund seeks to generate optimal retur...

  Axis AMC has come out with NFO of "Axis Global Innovation Fund of Fund", which is basically, an  open ended fund of fund(FoF), investing in "Schroder International Selection Fund-Global Disruption".  NFO period - 10th to 24th May 2021. NFO has been extended till 24th May 2021. The primary investment objective of the Scheme, is to provide long term capital appreciation by predominantly investing in units of 'Schroder International Selection Fund Global Disruption', an equity fund that aims to provide capital growth by investing, in companies worldwide, which benefit from disruption and to invest a part of corpus in debt, money market instruments and / or units of liquid schemes in order to meet liquidity requirements from time to time. Since, Indian markets do not offer opportunities for investors to invest in companies involved in disruption across sectors, this fund provides that opportunity for Indian investors to invest in companies involve...

Of late we have been hearing lot about e-Insurance Account(eIA), especially in the wake of Covid-19 related lockdown.  So what exactly is an e-Insurance Account?  e-Insurance Account or eIA means, "Electronic Insurance Account". Its an online account where you can hold all your existing or new insurance( Life, General or Health) policies from any insurer in electronic form just like your Demat account. It comes with unique e-Insurance Account number, along with unique LoginID and password for accessing the account. Benefits of e-Insurance Account - Hold all your insurance policies(from different Insurers) at one place - No risk of loosing the policy papers - Access to your policies at anytime, anywhere - Single point KYC updation for all your policies(from different Insurers) - Zero cost. Opening and maintaining the eIA is absolutely FREE How and Where to open   e-Insurance Account An e-Insurance Account can be opened with any of the four Insur...

Due to covid19 crisis, certain investors might find it difficult to continue their existing SIPs due to financial crunch. For such investors,  instead of stopping the SIPs altogether, here is list of SIP pause links: Sharing below, AMC wise Pause link for *investors* use.  AMC Code AMC Name PAUSE - ShortURL D DSP Mutual Fund https://cams.co.in/63C7h38eXyC  H HDFC Mutual Fund https://cams.co.in/6UNnLc3x8aE  K Kotak Mutual Fund https://cams.co.in/66jKtUMl4Y8  SH Shriram Mutual Fund https://cams.co.in/APSlSrE7WcS  UK Union Mutual Fund https://cams.co.in/8wWHHAyEmCR  MM Mahindra Mutual Fund https://cams.co.in/2krQ3XKhA4e  IF IIFL Mutual Fund https://cams.co.in/9m33DDx7E8e  F  L&T Mutual Fund https://cams.co.in/Bt1nKHC9mGS  L  SBI Mutual Fund https://cams.co.in/23y2pjY252s  B Aditya Birla Sun Life Mutual Fund https://cams.co.in/8rrCIo6o2aQ  G IDFC Mutual Fund https://cams.co.in/7vYY02izwQK  PP PPFAS Mutual Fund ht...

Source:  Highlights of the RBI Monetary Policy (August 2019) RBI cuts rates by 35 basis points, basis the assessment of the current and evolving macro-economic situation. The Monetary Policy Committee (MPC) is also maintaining an accommodative stance of the monetary policy. RBI cuts rates by 35 bps from 5.75 per cent to 5.40 per cent. It is the fourth rate cut in a row. The decision is in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth. Economic activity remained weak in major emerging market economies (EMEs), pulled down mainly by slowing external demand. Crude oil prices fell sharply in mid-May on excess supply from an increase in non-OPEC production, combined with a further weakening of demand. The rate cut has sent a strong signal to domestic banks to cut lending rates before September. GDP projection lowered to 6.9% from earlier 7.0% fo...

PAN and Aadhaar will become interchangeable. Aadhaar can be used wherever PAN is required. Additional deduction up to Rs. 1.5 lakhs(total 3.5 lakh) for interest paid on loans borrowed up to 31st March, 2020 for purchase of house valued up to Rs. 45 lakh. STT restricted only to the difference between settlement and strike price in case of exercise of options. Additional income tax deduction of Rs. 1.5 lakh on interest paid on electric vehicle loans. Surcharge enhanced on individuals with Rs. 2-5 crore income by 3 per cent, Rs. 5 crore and above by 7 per cent. Tax rate reduced to 25% for companies with annual turnover up to Rs. 400 crore Customs duty exempted on certain parts of electric vehicles. TDS of 2% on cash withdrawal exceeding ₹1 crore in a year from a bank account to promote less cash economy. No charges or MDR on specified digital mode of payments. These modes are to be compulsorily provided b...