Credit Cards: How can you use your card for the purpose of investing in stocks?

Credit Cards: How can you use your card for the purpose of investing in stocks?

For most credit card users, one of the most common use cases is to buy merchandise now and pay for it at a later date, say a month later. Shopping online or offline with the aid of a credit card without having to worry over the price tag is what defines the key utility of … Read more

Budget 2024: How tax-free retail funds will benefit NRIs

Budget 2024: How tax-free retail funds will benefit NRIs

The answer is yes as long as the money is not directly invested in equities. The Union Budget 2024-25 proposed that “retail schemes and exchange-traded funds (ETFs) set up in Gujarat International Finance Tec-City, or GIFT City, will now enjoy tax exemptions along similar lines as available to specified funds”. “Now retail funds in GIFT … Read more

Want to invest in foreign stocks? Keep in mind the added costs and hassle.

Want to invest in foreign stocks? Keep in mind the added costs and hassle.

Investing in overseas markets is a great way of diversifying your portfolio. By spreading investments across countries, you can mitigate risks associated with domestic market concentration and benefit from growth opportunities in different regions. It also allows you to tap sectors and industries that may not be well-represented in India, making for a more balanced … Read more

How are different fund of funds taxed?

How are different fund of funds taxed?

A Fund of Funds (FoFs) is a mutual fund that invests in other mutual funds or ETFs instead of directly in stocks, bonds, or other securities. They come in various types, such as equity-oriented, debt-oriented, hybrid, international, thematic or sectoral, ETF-based, and commodity fund of funds, each catering to different investor needs and offering diversification. … Read more

In defence of a financial instrument that fails to do its job

In defence of a financial instrument that fails to do its job

Although buying inflation-protected bonds to protect against inflation does not seem unreasonable, it would have been a spectacularly unprofitable move during the latest bout of inflation. One hundred dollars put into inflation-protected Treasuries in December 2021, when investors first saw American core inflation reach 5%, would have been worth just $88 a year later. Even … Read more

I have lost a lot of money picking stocks, says PrimeInvestor co-founder Srikanth Meenakshi

I have lost a lot of money picking stocks, says PrimeInvestor co-founder Srikanth Meenakshi

In this conversation with Mint, Meenakshi shares insights about his investments and discusses the growth of fintech and its impact on mutual funds. What is your asset allocation? My portfolio looks something like this: 63% in equity, 30% in debt, 5% in cash for emergencies, and about 2% in real estate. I aim to maintain … Read more

Sebi may allow mutual funds to invest in overseas funds with exposure to Indian markets. Details here

Sebi may allow mutual funds to invest in overseas funds with exposure to Indian markets. Details here

Mutual funds in India are not explicitly permitted to invest in overseas mutual fund units, which have exposure to Indian securities. As a result, several mutual funds refrain from doing so. Capital markets regulator Sebi has noted that, in view of the strong economic growth prospects of India, Indian securities offer an attractive investment opportunity … Read more

Why Mirae Asset MF is cautioning its ETF investors?

Why Mirae Asset MF is cautioning its ETF investors?

Mirae Asset Mutual Fund (Mirae Asset MF) has cautioned investors looking to purchase units of its overseas exchange-traded funds (ETFs), noting that these ETFs are currently trading at a premium.  This is due to restrictions on market makers, which prevent them from buying fresh ETF units from the fund house and selling the same on … Read more

What gold’s new playbook is telling equity investors

What gold’s new playbook is telling equity investors

At the end of the Mahabharata war, Yudhishthira, the leader of the Pandavas, is overwhelmed with guilt and grief over the massacre of his relatives. Looking to boost his flagging spirits, Lord Krishna and sage Vyasa advise him to perform the Ashvamedha Yagna—an extravagant and elaborate ceremony meant to demonstrate the suzerainty of Vedic kings. … Read more

Some international funds are still open for investments. Here’s a list.

Some international funds are still open for investments. Here’s a list.

Fund of funds (FoFs) that invest in overseas exchange traded funds (ETFs) will stop accepting fresh inflows from 1 April as the mutual fund industry is close to hitting its $1-billion limit to invest in overseas ETFs. However, investors can still diversify globally as some international funds have headroom to invest in international stocks. These … Read more