RBI may cut rate by at least 25 bps in next 6 months, says Mirae Asset’s Swarup Mohanty

RBI may cut rate by at least 25 bps in next 6 months, says Mirae Asset's Swarup Mohanty

The fund house is betting big on exchange traded funds (ETF) and believes it has the strongest back-end to be the best in this space. In an interview with Mint, Swarup Mohanty, vice chairman & CEO, Mirae Asset Investment Managers (India) discussed upcoming RBI policy, GDP growth, changing risk profile of investors, plans in GIFT … Read more

Wall Street surges as Powell cements September rate cut hopes

Fed’s Powell says ‘time has come’ to cut interest rates Small caps, regional banks surge Workday jumps after Q2 revenue beat, $1 bln share buyback plan Indexes up: Dow 0.90%, S&P 500 0.88%, Nasdaq 1.21% NEW YORK, – U.S. stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome Powell solidified expectations … Read more

The importance of fixed income in your portfolio

The importance of fixed income in your portfolio

A film becomes a hit not just because of the star but also the effort of the entire crew. Similarly, your portfolio can yield optimum results only if it is well-distributed across suitable investment avenues. The context here is fixed income investments. It is referred to as ‘fixed income’ as there is a defined coupon … Read more