In your interest.
Online Personal Finance Magazine
No beating about the bush.
Market mayhem continued unabated but banking stocks improved marginally
The Reserve Bank of India announced a 250 basis point cut in three instalments in the cash reserve ratio of banks to improve liquidity. That, along with a ‘positive outlook’ for Indian banks announced by credit rating agencies helped bank stocks go up. Union Bank of India, Bank of Baroda and Bank of India went...
Portfolio management schemes are less tax-efficient than mutual funds, are costlier and not backed bybetter skills
For many of us, a portfolio management scheme (PMS) is something couched in secrecy. No one knows whether people have made or lost money in PMS over a long period. PMS becomes popular in a bull market. As far as we know, in the bear market that followed the last broadbased rally...
Mutual funds underperform their benchmarks most of the time. When the market is sluggish or down, their performance becomes worse. Not surprisingly, 39% of the funds outperformed their benchmarks in the September quarter. Amazingly, three HDFC funds were among the best five and three JM funds were among the worst five. Here is a report.
At the commencement of the September quarter,...