Recently, I was talking to a relative who has a 3-year-old daughter. Being an investment advisor, many of the general conversations with extended families tend to steer towards investments. This relative of mine told me that he is investing ₹1.5 lakh yearly in the Sukanya Samriddhi Yojana account for his daughter’s future. I asked him … Read more
New Delhi: The Centre will aim to keep its fiscal deficit for FY26 below 4.5% of the GDP, in line with its performance over the past two fiscals, where it bettered projections, finance secretary T.V. Somanathan said. “The objective for the next year (FY26) remains to have the fiscal deficit below 4.5%,” Somanathan told Mint … Read more
Next Week, Wall Street will see two key economic reports on industrial production and retail sales, and second quarter results of several major companies such as streaming giant Netflix, Goldman Sachs, Bank of America, Abbott Laboratories, and Johnson & Johnson. After Federal Reserve Chairman Jerome Powell’s testimony to the US Congress last week, investors will … Read more
Investing, a crucial aspect of financial planning, requires a strategic approach that aligns with individual goals and time frames. Whether it’s equities, debt funds, or other asset classes, having a clear investment horizon is imperative for optimising returns and managing risk effectively. Investing with a time frame: Importance across asset classes When it comes to … Read more
US Federal Reserve Chairman Jerome Powell on Tuesday testified before the Senate Banking Committee. Powell in his prepared testimony told Senators that inflation had been improving in recent months but more good data would strengthen the case for interest rate cuts. “More good data would strengthen our confidence that inflation is moving sustainably toward 2%,” … Read more
In today’s volatile financial landscape, investors are in a constant quest for higher yields without escalating risk. Traditional savings options, such as fixed deposits and government bonds, offer paltry returns, making it imperative to explore alternative investment avenues. Debt PMS has emerged as a promising solution, providing a customised approach to fixed-income investments. But what … Read more
Dikshit Mittal, a fund manager and senior equity research analyst at LIC Mutual Fund Asset Management, believes the overall market outlook remains positive due to reasonable valuations, broad-based earnings growth, stable macroeconomic conditions, and sustained domestic inflows. In an interview with Mint, Mittal shared his views on what the market expects from the Union Budget … Read more
Next week, Wall Street will see several key economic data such as the Federal Reserve minutes, employment numbers, S&P final US manufacturing PMI, and trade deficit data. Job openings data for May and nonfarm payrolls report for June are likely to be the major focus of the stock market participants. Last Friday, a report showed … Read more
Wall Street investors in the week ahead will be eyeing the US Federal Reserve preferred inflation gauge – PCE, and the personal income and spending data. Among the other crucial data, the second revised estimate of first quarter GDP (gross domestic product) growth and May home sales numbers are due in the week ahead. The … Read more
However, private weather forecaster Skymet believes the southwest monsoon will gather pace in the coming days and will cover the entire country ahead of its schedule. Garima Kapoor, Economist, Elara Capital, pointed out that the El Nino conditions that prevailed since June 2023 led to subnormal monsoons in India last year. This year, the chance … Read more