Nifty Next 50 index funds have gotten popular over the last few years. As expected, the index caught the fancy of investors on the back of strong performance from 2014 until 2017. However, not many investors benefited from this because there were not many index fund options to invest in this index. Not that the funds would have attracted money because the AUM chases the … [Read more...] about Nifty 50 vs Nifty Next 50: Performance Comparison
Pradhan Mantri Vaya Vandana Yojana (PMVVY) was launched in May 2017 to provide a long-term income option for senior citizens in the country. This assumes importance in the wake of the low-interest rate scenario we find ourselves in. Fixed deposits are getting renewed at lower rates. This poses problems to those senior citizens who rely on interest income to meet regular … [Read more...] about All you need to know about Pradhan Mantri Vaya Vandana Yojana (PMVVY)
Even since Franklin AMC wound up its 6 schemes, the credit risk funds have been facing very heavy redemption pressures. I copy the Assets under Management for Credit Risk funds for various dates. December 31, 2019: Rs. 62,704 crores March 31, 2020: Rs 55,380 crores April 23, 2020: Rs. 48,576 crores (the day Franklin wound up its 6 schemes) April 30, 2020: … [Read more...] about AMCs transferring bonds from Credit Risk Funds to Hybrid Funds: Not good
Many investors are worried about their debt fund investments. You cannot fault investors. Their hard-earned money is at stake. Moreover, when some of the AMC CEOs are busy peddling their credit risk funds despite the Franklin mess, it is not easy to trust the industry. Your confidence is likely to suffer. How do you build you fixed income portfolio without debt mutual … [Read more...] about Using ULIPs to build our Fixed Income Portfolio: A Smart Strategy?
Is this a good time to invest? Are the markets too cheap or expensive? Let’s look at historical data to get a perspective. In this post, let’s look at Nifty PE levels and see if this provides some information about prospective/future Nifty returns. I have considered Standalone P/E of Nifty 50 as reported on the NSE website. You can download the complete data from this … [Read more...] about What does Nifty PE indicate about future returns?
Many of us invest in aggressive hybrid funds (balanced funds) to earn good returns with lower volatility. We believe that the equity portion will provide the upside and the debt portion will cushion the downside. Over the long term, this may result in better absolute returns than even a pure equity fund (or at least better risk-adjusted returns). Has your hybrid fund … [Read more...] about Has your Balanced Fund (Hybrid) delivered value?
Franklin debt mutual fund fiasco has many debt MF investors worried and rightly so. It is their hard-earned money at stake. The worry is that the corporate bonds in the portfolios of their schemes may experience default. We discussed in the previous post how you can check if your debt mutual funds are safe. However, as an investor, your concern shouldn’t be limited to just debt … [Read more...] about The Credit Risk in your Hybrid Mutual Funds
After Franklin debt mutual funds winding up last week, many debt mutual funds investors are in a shock. Not just those whose money got stuck in one of the six closed Franklin funds. Even other investors are worried about their debt mutual fund investments. They do not want a Franklin like closure happening with any of their funds. And their fear is not justified. If they … [Read more...] about How to find if your Debt Mutual Fund Scheme is safe?
Franklin Templeton AMC dropped a bomb yesterday. In a communication dated April 23, 2020, it notified that it is winding up 6 debt mutual fund schemes. Franklin Low Duration FundFranklin Dynamic Accrual FundFranklin Credit Risk FundFranklin Short Term IncomeFranklin Ultra Short BondFranklin Income Opportunities Fund These are very popular schemes. The combined … [Read more...] about Franklin winds up 6 Debt MF schemes: What does it mean?
The Reserve Bank of India has released the calendar for Sovereign Gold Bond Scheme, 2020-2021. The Bonds will be available for subscription in 6 monthly tranches from April 2020 to September 2020. Sovereign Gold Bonds Calendar 2020-2021 For the tranche that is now open for subscription in June 2020, the subscription price is Rs 4,677 per gram. For online subscription, … [Read more...] about Sovereign Gold Bonds 2020-2021: Should you invest?