Budget was as per expectations with no major changes with thrust on skill development, farmers, rural electrification and infrastructure development, says Achin Goel, Head, Wealth Management & Financial Planning at Bonanza Portfolio.
While women are seen to be the worst enemy of their money, they are equally best friends of their money as well. Women usually avoid managing their own finances.
There are some reasons that can be attributed to inefficient retirement planning, especially for the Indian population. Most often, ageing parents look upon their children to support them through their old age.
Stock markets are expected to continue their bull run this week amid robust overseas investments while global cues and quarterly earnings, starting next month, will dictate near-term trend on the bourses, say experts.
It‘s a known fact that higher returns on investments come only along with commensurate quantum of risk; the greater the risk, the greater the return and vice versa. However we know that while everyone needs highest possible return on their investments, its everyone cannot afford or are capable to take the risk needed to earn that return.
The Finance Minister rolled out a tax saving avenue for the masses by giving a tax deduction of Rs. 10,000 for interest earned on savings bank account in the current year‘s budget.
The Indian stock market is likely to see volatile trade with an upward bias in the coming week, with trading sentiment being dictated by the fourth quarter corporate earnings season, which kicks off with IT bellwether Infosys declaring results on April 13, analysts said.
Rakesh Goel, senior VP, Bonanza Portfolio says that the Budget 2012-13 had more negatives than positive for the market.
Bhopal-based Senjo Ramakrishnan was thrilled in the chilling winter when the government had decided to hike interest rates on public provident fund, post office savings and national savings certificate (NSC). However, his delight has only changed direction when he met his financial advisor friend.
RBI’s mid quarter monetary policy review by Shanu Goel- Senior Research Analyst (Equity), Bonanza Portfolio.
Budget reaction by K Jayaraman – Consultant and Equity research advisor, Bonanza Portfolio.