PLANNERS
Barcelona trip on mind? Be prepared to pay higher tourism tax
Barcelona plans to increase its tourist tax to €4 per night from the current €3.25 starting October 2024, aiming to generate €20 million more annually, reports Schengen Visa News. The tax varies by accommodation type: €1.70 for four-star hotels, €2.25 for Airbnb rentals, and €3.50 for luxury hotels. Cruise passengers staying less than 12 hours pay €3, while longer stays incur a €2 fee.
NSE launches Nifty India Tourism Index. Check top stock constituents
NSE’s index services subsidiary, NSE Indices has launched a new thematic index called Nifty India Tourism which will track the performance of stocks in Nifty 500 index representing the travel and tourism theme.
How are equity savings funds taxed?
Equity savings schemes are funds that belong to the hybrid category. They invest in a mix of equity, debt and arbitrage opportunities. A scheme in this category invests in equity and debt securities, employing a combination of three investment strategies — pure equity (net long equity), arbitrage plays, and debt.
How ‘Mehengai’ impacts your real rate of return
Inflation impacts stakeholders like companies, investors, and the economy. Central banks manage inflation. Real Rate of Return is crucial for investment performance.
Top up your SIPs for a bigger equity gullak
For example, an investor with a SIP of ₹10,000 in the BSE Sensex TRI (Total Returns Index) after 25 years would reach ₹2.71 crore. However, an annual top-up of ₹1,000 on the monthly SIP of ₹10,000 would grow to ₹4.26 crore, while an annual top-up of 10% on the same SIP of ₹10,000 would grow to a substantial ₹5.52 crore,
A small allocation to quant theme may be worth a try
Experienced equity mutual fund investors can consider allocating to Aditya Birla Sun Life Quant Fund NFO managed by Harish Krishnan. New investors should stick to diversified equity mutual funds. The NFO closes on June 24 with a 0.5% exit load.
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Why is the process of asset allocation necessary in mutual funds?
It is difficult for any investor to predict when equity will go up or when it could correct. There could be many factors affecting it. So when equities go down, and all your money is in it, you will be hit hard. However, if some part of it is allocated to gold and debt, it will protect your portfolio.
Let AI plan your trip!
Bags packed and nowhere to go? Let AI lead the way. Travellers are increasingly using smart technology to plan their perfect holiday!
Where do thematic funds stand in the risk matrix?
Thematic funds are a category of equity funds which invest at least 80% of total assets in stocks of a particular theme. Some popular themes launched by fund houses in the last few years are public sector undertakings (PSU), infrastructure, MNC, business cycle, and manufacturing funds.
Equity's 4-year rally sees more Indians adopting SIP culture
Covid-induced lockdowns, which spared millions of ordinary officegoers the daily commute and spawned a loyal army of equity investors, appear to have drastically altered the asset-class mix of household savings in India.
An investment advisor – A planner for your financial dreams
Globalisation, urbanisation, and technology have impacted the Indian lifestyle, blending tradition with modernity. The anticipated growth in Indian household wealth underscores the need for effective investment planning and wealth management.
Big bosses talking up the market is very scary because things can go wrong: PV Subramanyam
PV Subramanyam advises investors to focus on long-term investment strategies, considering market cues cautiously and diversifying portfolios to mitigate risks. He says that we ne need to be careful that the market can go down. The big bosses are talking up the market, which is very scary because things can go wrong and we need to be ready for that.
Easy Trip Planners signs letter of intent to join ONDC
Easy Trip Planners Ltd signed a letter of intent at 'ONDC Startup Mahotsav' to join ONDC, in support of India's digital commerce transformation. The collaboration aligns with the company's vision of being nation-first and contributing to India's digital economy growth, led by EaseMyTrip Co-Founder Rikant Pittie.
HDFC Manufacturing Fund raises over Rs 9,500 crore
Some wealth managers said high-pitch advertising and marketing by fund houses and distributors along with strong returns from equity schemes have led to strong money flows into NFOs. Many investors used the new fund to diversify their existing portfolios.
Avoid chasing best-return MFs through SIPs
A study by Whiteoak Capital Mutual Fund for the last 19 years shows that an investor who started an SIP in a mid-cap or small-cap index fund in April 2005 and stuck to the category for 19 years earned higher returns than an investor who changed the SIP annually based on the best-return generating category in the previous year.
What is the advantage of borrowing against mutual fund units?
Borrow against equity or hybrid mutual fund units for immediate liquidity at 9-11% interest rates. Advantages include short-term monetary support without selling units, maintaining financial plan, and quick capital raise. Apply online through NBFC websites for a paperless process.
Pak Army chief says there will be 'no compromise' with May 9, 2023, attack planners
The Chief of Army Staff of Pakistan, General Syed Asim Munir, has strongly condemned the attacks on military establishments that occurred on May 9, 2023, calling it a 'dark chapter in our history.' He emphasized that there can be no compromise with the planners and architects of these attacks, terming them 'deliberately indoctrinated and insidiously guided miscreants.' General Munir stated that those responsible for orchestrating violence and attacking the symbols of the state will be held accountable, especially if there is undeniable proof of their involvement.
Take SIP route to invest in mid- & small-caps
The new ETF offering by Mirae is currently open and closes on May 17, while its Fund of Fund option will open from May 10 to 24. The Fund of Fund (FoF), which will invest in the ETF, is suitable for investors preferring systematic investment plans (SIPs).
Bullish on theme manufacturing? Go for staggered investment plan
The NFO of HDFC Manufacturing Fund, managed by Rakesh Sethia, is currently open and closes on May 10. Investors can start with ₹100 in this fund, and the scheme will be benchmarked to the Nifty India Manufacturing TRI Index. An exit load of 1% will be levied for redemption made within a month of investment.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 31.6 points up at 22368.0
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 60.25 points up at 22396.65
China's state planner warns intensified EV price war on oversupply
China's NDRC expects increased competition in electric cars and plug-in hybrids due to oversupply. Market to see 110+ new energy vehicle models. BYD, Aito, Li Auto planning more deliveries, while Shenzhen, Denza, Tesla reducing prices.
Who is in charge of Bengaluru? Seeking solutions amid rapid urbanisation
The previous BJP regime decided to increase the number of municipal wards in the city from 198 to 243, but the present Congress regime wants the number cut to 225. The consensus between them, however, is to retain the single, bloated body. Which takes the city’s administration back to square one.
Suits & Sayings: Stepping up
ET’s roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours.
DoT creating digital twin of real assets to unlock monetisation opportunities
The Department of Telecommunications (DoT) in India is developing the Sangam Digital Twin initiative, a digital platform aimed at enabling cross-sector data flows. Combining 5G, IoT, AI, and AR/VR, Sangam will create a simulation environment for real-world assets to generate real-time insights. The initiative aims to break data silos, allowing telecom companies, tech giants, and startups to share data, such as traffic movement, for collaborative planning and optimization.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
In a bustling session, Nifty closed around 22,200 defending the previous session's low at 22,075 and, prompted a rebound to regain the initial lost ground, said Rajesh Bhosale, Technical Analyst, Angel One. The sentiment remained bullish throughout the day as intraday dips were met with buying interest, Bhosale added.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 76.3 points up at 22198.35
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