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Nippon India Mutual Fund marks down its investment in Yes Bank to zero

March 7, 2020March 7, 2020 Loknath DasBank, Down, Fund, In, India, investment, Its, Marks, Mutual, Nippon, to, yes

NEW DELHI : Nippon India Mutual Fund on Friday said it has marked down the value of its investments to zero in bonds issued by troubled private sector lender Yes Bank. In addition, the fund house has imposed a limit of ₹2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement. This limit is imposed only on the new applications, switch-ins, systematic transfer plans and systematic investment plans received after March 5, it said. The announcement came hours after Yes Bank was placed under a…

Panic buying of masks puts health care workers’ ‘lives at risk,’ WHO says

March 4, 2020March 4, 2020 Loknath Dasat, Buying, Care, Health, lives, masks, of, Panic, puts, Risk, Who, workers, ’

A doctor wearing a mask while working at El Alto International Airport in Bolivia. Photo by AIZAR RALDES/AFP via Getty Images A shortage of masks, gloves, and other protective gear “is putting lives at risk from the new coronavirus and other infectious diseases” warned the World Health Organization (WHO) in a statement on Tuesday. A frightened public has been buying up masks and other equipment, leaving limited supplies for health care workers who need the gear the most. Masks can be useful for people who are sick with a respiratory virus to keep…

As markets take Covid-19 hit, is it time to invest?

March 3, 2020March 3, 2020 Loknath DasAs, Covid-19, Hit, Is, It, Markets, Take, Time, to

The fear of Covid-19, more commonly referred to as novel coronavirus, spreading outside China at an alarming pace has spooked global equity markets, including the Indian equity market. The benchmark S&P 500 index which measures the stock performance of the top 500 US companies, corrected around 13% between 19 and 28 February. Taking cues from global peers, S&P BSE Sensex lost 1,448 points on 28 February alone, wiping out close to ₹5.5 trillion of investors’ wealth. Till 28 February, it had corrected 9% from its peak on 14 January 2020. On…

Do recurring investment for yearly goal

March 2, 2020March 2, 2020 Loknath DasDo, for, investment, recurring, yearly

I retired at the age of 65. Now there is no contribution to my Employees’ Provident Fund (EPF) account. Will my account continue to earn interest as declared from time to time? —R.K. Gupta Employees typically rely on EPF to build their retirement corpus. With years of contribution both by the employer and the employee and along with the interest, and the benefit of compounding which works in favour of the investor, a sizeable corpus is built. On top of that, the tax-free status given to EPF makes it an…

Better than physical Gold investment! Women may explore these options for safety, high returns

March 1, 2020March 1, 2020 Loknath Das'Explore', Better, for, Gold, High;, investment, May, Options, physical, Safety, Than, these, Women

Check gold investment alternative options in India. Gold investment risks and options in India: Being the second-largest consumer of gold, investing in gold and gold jewellery has always been a favourite option in India, especially among women. Although physical gold can be bought in different forms, such as bars, coins, and even jewellery, this comes at a cost and brings in the risk of storage, risk of being stolen, as well as concerns around purity. So, is there a way to get rid of these risks while investing in Gold? Harsh…

Debt Funds vs FD: Know Which is the Best Investment Option

February 21, 2020February 21, 2020 Loknath DasBest, debt, FD:, Funds, investment, Is, Know, The, vs, Which

For risk-averse investors who want fixed returns, there are two options: bank fixed deposits and debt funds. While both offer fixed returns and are relatively risk-free, especially when compared to equity investments, there are significant differences between the two. Let’s look at the differences between debt funds and fixed deposits so that you can figure out for yourself which one’s best for you: Debt Funds vs FD: Differences between Debt Funds and Fixed Deposits Variety: When it comes to fixed deposits there’s not all that much of variety. You can invest…