NFO : Mirae Asset Focused Fund

MIRAE ASSET FOCUSED FUND 1. NFO Period –  23rd Apr 2019 to 7th May 2019 2. Open Ended Equity Fund 3. Investing in a maximum of 30 stocks intending to focus in Large cap, Mid cap & small cap (i.e. multicap) 4. Benchmark : Nifty 200 TRI index 5. Aims to identify and invest in…

Financial Market Review

Indian equity markets trading flat as investors stayed on the sidelines in a holiday-truncated week. They also looked forward to U.S. Federal Reserve”s 2-day policy meeting, ending May 1, 2019, and U.S. payroll data, scheduled to be released on May 3, 2019. Asian equity markets were mixed after China reported a slower pace of factory…

HIGHLIGHTS OF BUDGET 2019

Tax 1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has abolished from 36 Capital Goods 5. Recommendations to GST council for reducing GST rates for home buyers 6. Full Tax rebate…

Key highlights of Monetary Policy

Please find below the Key Highlights of the Fifth Bi-monthly Monetary Policy Statement, 2018-19. Repo Rate – unchanged at 6.50%                     Reverse Repo Rate – unchanged at 6.25% Bank Rate & Marginal Standing Facility (MSF) Rate  – unchanged at 6.75% Cash Reserve Ratio – The CRR of scheduled banks remains unchanged at 4.0% of their net demand and time liabilities (NDTL).…

Go Growth Option

While everyone has been talking about tax on Long Term Capital Gains (LTCG) when it comes to stocks or equity oriented mutual funds, one other factor that investors need to consider is the Dividend Distribution Tax (DDT). This is a tax applicable when someone chooses the Dividend option instead of the Growth option, while investing…

Stay Calm and Keep Investing

WANT TO STAY CALM DURING VOLATILE TIMES? DO THESE 8 THINGS 1.Don’t panic! Volatility alert! Please don’t push the panic button! Don’t indulge in distress sales during this period. Volatility is not as negative for your investments as you think. 2. Set Goals for every investment Setting   financial Goals makes it clear when you…