Franklin fallout: Will the financial pandemic spread to other debt mutual funds?

THE ECONOMIC TIMES Tue, Apr 28, 2020 | 08:34 AM IST ET Wealth Newsletter

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Franklin fallout: Will the financial pandemic spread to other debt mutual funds? The Franklin fiasco, where six mutual funds were closed down by the fund house, has added to the worries of investors. To top it all, there's covid-19. Debt funds are facing the heat due to increased risk of defaults by NBFCs. Find out how to isolate your fund portfolio. How should investors, savers ride out the coronavirus storm? This is what Charlie Munger is doing Buffett and Munger's diaries are blank, just like those of everyone else on the planet. Comparison of new income tax regime with old tax regime As mentioned in the example, it is evident that maximum benefit in terms of tax savings that can be availed under the new regime (in case no investments are made) is Rs 75,000. The highest tax rate, i.e. 42.7%, will continue to be a major challenge for HNIs. Coronavirus impact: Stocks that have remained the least volatile in the last one year Measured against four different parameters, these stocks have consistently maintained their position in the least volatile 10% of the market segment in the past 3 months and 1 year time frames. From our Partners Can Ayurveda boost immunity during Covid-19 Webinar for ET Panache to know how Ayurveda can boost immunity during the COVID-19 situation. From our Partners The bank that helps you build your career The organisation that lets you take journey from a Humble Start to the C Suite. The importance of asset allocation in an investment portfolio Asset allocation is nothing but another name for diversification. It is how you spread your investments across asset classes— stocks, fixed income, property and gold. It ensures all your eggs are not in one basket. Coronavirus impact: Economic dent could prove costly for banking sector. What should investors do? Downgrades are bad news for the financial services sector. When other sectors weaken, banks and NBFCs could witness increased defaults. As the economy slows to a grind, investors should avoid debt laden companies. Here are other expert takes. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 9.18 -5.10 -13.08 11.48 Invest Now Axis Bluechip Fund-Growth ★★★★★ 7.73 -6.18 -13.58 11.36 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 5.44 -5.25 -10.51 7.96 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 4.22 -6.42 -11.04 7.85 Invest Now JM Large Cap Fund Direct Plan-Growth ★★★★★ 2.49 -6.27 -6.91 3.02 FeaturedAditya Birla Sun Life Tax Relief 96 Direct-Growth ★★★★★ 1.38 -14.25 -12.42 9.20 Start SIP Has coronavirus pushed your goals further away? Take this SWOT test to find out No investment portfolio would have escaped the impact of coronavirus and the consequent financial troubles. Analyze the strengths, weaknesses, opportunities and threats in your financial plan in the following quiz and find out where you stand and what you need to do. Why you should keep financial assets organised and listed while you are alive We can do a lot without spending money, and money well spent can do a lot. Let your money help you and those around you live better. Rather than lying meaninglessly in expired bonds, unaccessed PPF accounts, unused vases and unworn dresses.

FEATURED SLIDESHOWS

Coronavirus impact: You can move these money transactions online 6 tips to make work from home easy in the covid lockdown 5 things to keep in mind about the new income tax regime 5 ways to spring clean finances if you have free time during the lockdown More Slideshows

Financial Calculators Old or new tax slab regime? Use this calculator to find out This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds.

Thinking about a career change during the coronavirus pandemic? Here are 8 things to consider Though India does not have similar jobs data reporting structure during this pandemic, it is easy to see that the job market this year will be the most challenging that we have seen in our lifetimes. Stock market slump: Can PMS outperform mutual funds? Both equity mutual funds and PMS funds have taken a similar hit on returns in the market correction. While both manage portfolios for investors, operations are under vastly different frameworks. Is there also a lot of difference in their performances? Read on to find out. What are Covid-19 personal loans? The interest rate on a COVID loan is lower than a personal loan and can vary from 8%-15% per annum. The loan term varies from 6 months to 5 years. All you need to know about Sovereign Gold Bonds Gold bonds are restricted for sale to resident Indian entities including individuals, HUFs, trusts, universities and charitable institutions. Also, the online mode of investment in gold bonds may not be available to all categories of investors. Coronavirus impact: 77% companies may not cut salaries, 42% undecided, finds survey 57% firms say they may face negative impact in next six months, as per the recent Willis Towers Watson survey. Working from home is the new face of worklife globally. Here are other findings and the steps taken to engage employees in light of new work arrangements. What are the legal liabilities of a loan guarantor? The amount for which you will stand guarantee will reflect in your credit report as an outstanding liability. Hence, understand the legal implications in case of default by a person you stood guarantor for. MF portfolio doctor: Banerjee needs to delay his retirement by 5 years to build bigger corpus The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. Here's what the doctor has advised investor Realty hot spot series: This Greater Noida locality is an established residential area Properties from 2-4 BHK are present in this area priced between Rs 3,130 per sq ft and Rs 5,400 per sq ft. A 2-BHK (1190 sq ft) costs an average of Rs 49 lakh and a 4-BHK (2,800 sq ft) costs Rs 1.16 crore. How Sensex, 10-year govt bond, rupee vs US dollar performed in week ending April 23, 2020 Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and 10-year bond yields have performed. This will give investors an idea of how their investments performed over a long period. Family finance: Why Sharma will reach his financial goals with ease Financial Planner Pankaaj Maalde suggests that Sharma build an emergency fund of Rs 5.1 lakh, which is equal to six months' expenses, and a medical buffer of Rs 10 lakh for his mother. Here's what his financial goals include.

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