Daily Market Analysis – 8th June 2021 (Mutual Funds)
Franklin Templeton AMC slapped with a fine of 5 crore; Banned from launching new debt mutual funds The SEBI has banned Franklin Templeton AMC from launching debt schemes for the next two years. Rs 5 crore penalty has been levied for “several irregularities” in the running of its six debt schemes that were wound up in April 2020. The irregularities extend to failures to exercise adequate...
Wealth Habits – Learn, Unlearn and Relearn
When the entire world was upgrading its defence technology in preparation for a World War III or asimilar situation between neighbouring countries, no one taught us that World War III would befought with social distancing, wearing a double mask and getting vaccinated against COVID. Lessonlearnt “Human discipline is more important and critical than any technology to discipline...
All you need to know about NPS
As the name suggests National Pension System (NPS) is dedicated solely to retirement planning. It is a pension cum investment scheme launched by the Government of India for the age from 18 to 65 years. It has the dual benefit of investing for retirement and also the best tax saving instrument as it qualifies for EEE status. NPS is also a good option for wealth creation as your money...
Daily Market Analysis – 4th June 2021 (Flipkart)
3 Years after exit, SoftBank looking to reinvest in Flipkart SoftBank Vision Fund has held discussions with Flipkart to invest around $600-700 million, three years after the Japanese group exited the Indian online retailer by selling shares to Walmart Inc. This would mean that Flipkart will stay on as a private company for longer than what was being earlier talked about going Public early...
Daily Market Analysis – 3rd June 2021 (Tesla)
Tesla preparing its India arrival The EV makes is closely following changes in GST that may reduce the cost of owning an electric car. Tesla is recruiting its India leadership and senior-level roles as it gears up to break into one of the world’s emerging car markets. Tesla has picked up Karnataka to set up its first plant. Under PLI manufacturing incentive will keep on rising. Major...
Daily Market Analysis – 2nd June 2021 (Share)
Reliance Industries Ltd share prices may jump 45%, which are already up 10% in 3 days The rally in RIL share may continue if current Petrochemical spreads sustain, this will result in Re-Rating of Oil to Chemical stake sale by RIL, which may drive the stock price up by 45% from current levels. The polymer spreads are at decade highs, helped by strong downstream demand from industries...
