LOW COST INDEX FUNDS
Flying high! Tourism stocks rebound up to 4,721% from Covid lows
Shares of BLS International Services and other top tourism stocks have seen remarkable growth post-lockdown, with returns ranging from 1,222% to 4,721%. The newly launched Nifty Tourism index tracks 17 constituents, offering investors a diversified approach to the booming tourism sector.
Budget 2024: Will the indexation benefit on debt mutual fund be back?
Budget 2024: Due to inflation and taxes the real returns of debt mutual funds have turned negative in some cases. Earlier the government used to give indexation benefit on LTCG generated from sale of debt mutual funds, however now this benefit is removed. Will the government reconsider its decision for indexation benefit on debt mutual funds?
US automobile industry threatened by prospects of Chinese EVs entering the country through the Mexican border
The US automobile industry has been threatened by the prospects of low-cost Chinese Electric Vehicles (EVs) reaching the country through the Mexican border. The US-Mexico-Canada trade agreement provides for free movement of goods and services between the three countries. The average price of an EV manufactured in the US has been priced at $55,000 and the Chinese EVs are priced at half this rate.
Gold hits over 2-week low as higher US dollar, yields dent appeal
Gold prices slipped 1% to their lowest level in more than two weeks, weighed down by a stronger dollar and higher bond yields, while traders looked forward to U.S. inflation data due later this week.
HDFC Mutual Fund launches HDFC NIFTY100 Low Volatility 30 Index Fund
Invest in the HDFC NIFTY100 Low Volatility 30 Index Fund to benefit from continuous sale and repurchase options. With a TER of up to 1.00%, this passively managed fund aims to track the NIFTY100 Low Volatility 30 Total Returns Index, providing investors a low-cost opportunity for wealth creation.
What is Cost Inflation Index (CII) for FY 2024-25, FY 2023-24 for income tax purposes?
CII number for FY 2023-24, FY 2024-25: The income tax department notifies cost inflation index number for every financial year. This CII number helps to calculate inflation adjusted cost or inflation indexed cost on specified capital costs. Read on to know the CII number from 2001-02 for different financial years.
Bitcoin at one-month low in a broad crypto market selloff
Bitcoin touched a one-month low due to outflows from digital-asset investment products and the prospect of higher US borrowing costs, affecting the cryptocurrency market.
IT stocks plunge up to 5% on Monday after 8% rally last week. Know how experts view sector!
Nifty IT index fell 2.3% with Coforge and Persistent Systems as top losers, despite Nifty hitting a lifetime high. IT sector has seen recent positive returns but remains a laggard over the quarter.
Flexible approach in managing liquidity to help money market rates
RBI Governor Shaktikanta Das announced the central bank's commitment to maintaining money market rates and borrowing costs through flexible liquidity management. The RBI will use various operations to manage liquidity, responding to foreign investment flows impacting Indian bond markets. Analysts predict significant foreign flows following inclusion in JPMorgan's bond index, potentially affecting rupee liquidity. Das highlighted the RBI's ability to handle liquidity impact and swiftly respond to banking system liquidity fluctuations.
Services activity growth eases to 5-month low in May
India's services sector output growth moderated in May, reaching its lowest level in five months, according to the HSBC India Services Business Activity Index. The index slipped to 60.2 from 60.8 in April, indicating a softening in services activities due to factors like severe heat waves and price pressures. While domestic new orders eased slightly, they remained robust, supported by strong demand conditions and successful advertising. Export demand also provided support, with new orders rising at the fastest pace in nearly a decade.
Pakistan inflation slows to 11.8% in May, lowest in 30 months
The lowest reading comes a week before the central bank meets to review the key rate which has remained at a historic high of 22% for seven straight policy meetings.
Hedging costs for Indian stocks advance by most in four years
The cost of hedging Indian stocks has surged ahead of the general election’s outcome next week. The NSE India Volatility Index rose 88% in May, the most since March 2020, reaching a two-year high of 24.17% on Thursday.
ET Mutual Funds explains: 5 key differences between index funds and index ETFs in India
Index funds and Index ETFs vary in investment requirements and cost structures, with ETFs requiring a demat account and having lower expense ratios compared to index funds.
Indian fund managers embrace Warren Buffett's advice: The rise of index funds in India
Indian fund managers are embracing Warren Buffett's advice by turning to index funds, which offer simplicity, low cost, and stability. The rise of index funds in India has revolutionized the investment landscape globally and locally.
Flying to the UAE? Dubai, Abu Dhabi increase checks to prevent misuse of tourist visas
Stricter immigration checks at Dubai and Abu Dhabi airports now require visitors to show proof of ₹60,000 in their bank account or a credit card and return ticket. First-time travelers from Tamil Nadu and Kerala are under scrutiny.
Kotak Mutual Fund launches Nifty 100 Low Volatility 30 Index Fund
The NFO of the scheme will open for subscription on May 22 and close on May 31. The scheme will reopen for continuous sale and repurchase on or before June 12. It will be benchmarked against NIFTY 100 Low Volatility 30 Index and managed by Devender Singhal and Satish Dondapati (equity investments), and Abhishek Bisen (debt investments).
Kotak Mutual Fund files draft documents with Sebi for three passive funds
Kotak MSCI India ETF, Kotak S&P BSE PSU Index Fund, and Kotak Nifty 100 Low Volatility 30 Index Fund are three passive funds that the fund house looks to launch.
Edelweiss Mutual Fund launches Nifty Alpha Low Volatility 30 Index Fund
The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing the portfolio, considering the change in weights of stocks in the index as well as the incremental collections/redemptions from the scheme.
Edelweiss Mutual Fund files draft document with Sebi for Nifty Alpha Low Volatility 30 Index Fund
Edelweiss Mutual Fund has filed a draft document with Sebi for the Nifty Alpha Low Volatility 30 Index Fund. Edelweiss Nifty Alpha Low Volatility 30 Index Fund will be an open-ended scheme replicating the Nifty Alpha Low Volatility 30 Index.
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