You are here

Category: Investment

Mutual Fund Investment: 5 reasons to invest in tax saving mutual funds

Loknath Das, , , , , , , , ,

Investing in tax-saving mutual funds gives the benefit of diversifying your portfolio as per requirement. Tax-saving mutual funds, over the years, have proven to be the best tax-saving option for investors. While there are various tax-saving investment options such as National Pension System (NPS), National Savings Certificate (NSC), and Public Provident Fund (PPF), among others, Equity-Linked Savings Scheme (ELSS) has remained the most preferred. Here are 5 reasons why you should consider investing in tax-saving mutual funds (ELSS): 1. Lowest Lock-in Period Conventional tax-saving instruments generally come with long lock-in…

Read More

3-Point Analysis | Why should you increase investment in gold now?

Loknath Das, , , , , , , , ,

Gold has surged nearly 20 percent in 2019 while Sensex has risen 3 percent in the same period. With fears of an economic slowdown, gold is a pick which will provide stability. Moneycontrol’s Shraddha Sharma does a 3-Point Analysis on why you should increase allocation of the yellow metal in your portfolio. [“source=moneycontrol”]

Read More

UBS to revamp investment bank in bid to lift flagging earnings

Loknath Das, , , , , , , ,

Switzerland’s UBS plans another shake-up of its investment banking arm to help boost earnings and curb costs after tough market conditions precipitated a performance dip. The world’s largest investment banks have had their worst start to a year since 2006, the latest data published by industry analyst Coalition on Thursday shows. “What’s been communicated today was a reorganisation, which did not include a specific number of job cuts,” a person familiar with the matter said, adding that the restructuring would be carried out by the end of the year. Switzerland’s…

Read More

Advent mulls Rs 1,300 crore investment in Aditya Birla Capital: Report

Loknath Das

Private equity firm Advent is in advanced talks to invest Rs 1,200-1,300 crore in Aditya Birla Capital for a 6-7 percent stake, a report in The Economic Times has said. The deal, if it goes through, will make Advent ABCL’s largest non-promoter shareholder. ABCL will likely approve Advent’s proposal in a board meeting on September 5. The fundraising will be done through a preferential allotment or a qualified institutional placement, the report said. Moneycontrol could not independently verify the news. The company’s stock, which began trading in September 2018, closed at Rs 87.55 on September…

Read More

Buying Investment Grade Stamps Buying Investment Grade Stamps

Loknath Das, ,

While we focus on the investment characteristics of stamps and how they retain and build value, there are two critical factors in that equation, the quality of the actual item and its purchase price. Quality or grading can be assured to a great extent by getting a certification of the item. This will cost from $20 upwards, and is as close to a guarantee of value as you can get. It also adds to the value of the item because it gives any buyer not knowledgeable in stamps the assurance…

Read More

ONGC charts course for new ‘avatar’; targets $15-16 bn investment

Loknath Das

India’s top oil and gas producer ONGC on August 30 unveiled a $15-16 billion investment plan to double output from its domestic and overseas fields, expand its refining capacity three folds and diversify into renewables to earn four times higher net profit by 2040. Oil and Natural Gas Corp (ONGC), which has seen crude oil production stagnate as a majority of its prime fields are ageing and are past their prime, has adopted a new ‘Energy Strategy 2040’, company Chairman and Managing Director Shashi Shanker told reporters here. The company, which started…

Read More