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Joydeep Sen

Independent Financial Advisor And Author

Joydeep has been working in the financial services industry for 25 years, of which the last 13 years were in a multinational Bank in the Advisory Desk of the Wealth Management business. He is an expert in fixed income markets and fixed-income oriented mutual fund investments.He has authored three books (1) “Fixed Income Markets in India - Investment Opportunities for You” (2) Mutual Funds in India - Vehicle for Fixed Income Investments and (3) Open Your Eyes - to Management Lessons Around Us.Joydeep is a Certified Financial Planner. He did his MBA from Jadavpur University, Kolkata.

RBI keeps rates unchanged, but hints at normalization of liquidity surplus

BUSINESS

RBI keeps rates unchanged, but hints at normalization of liquidity surplus

It will take time for banks to raise deposit rates because they are sloshed with surplus currently

How target maturity funds can be good investments during rising interest rates

BUSINESS

How target maturity funds can be good investments during rising interest rates

Interest rate risk is absent, if funds are held till maturity

Why arbitrage funds aren’t substitutes for liquid schemes

BUSINESS

Why arbitrage funds aren’t substitutes for liquid schemes

The appeal of arbitrage funds stems from the reasonably stable returns and their taxation as equity funds

How ULIP taxation has brought in a level playing field with other investments

BUSINESS

How ULIP taxation has brought in a level playing field with other investments

The thought process behind this amendment is that ULIPs should not be viewed as a vehicle only for investments or tax efficiency.

CRISIL and ICRA highlight fewer corporate defaults: Should debt fund investors be happy?

BUSINESS

CRISIL and ICRA highlight fewer corporate defaults: Should debt fund investors be happy?

Rating agencies make it clear, however, that the improvement was driven not so much by fundamentals, but due to measures such as loan moratoriums, RBI's liquidity injections and credit guarantee schemes.

What debt fund investors must know about SEBI’s new risk class matrix

BUSINESS

What debt fund investors must know about SEBI’s new risk class matrix

Fund houses now have to communicate the maximum risk they intend to take

Credit risk mutual funds may have turned the corner

BUSINESS

Credit risk mutual funds may have turned the corner

Barring a couple of schemes in the category, most credit risk funds have delivered reasonable returns in the last three years

One year after Franklin Templeton episode: Loss of reputation, but repayments restore faith

BUSINESS

One year after Franklin Templeton episode: Loss of reputation, but repayments restore faith

Given that more than half the money has been paid back and all six debt funds are showing handsome returns, it is expected that in due course people will get back all the dues

Why investors prefer open-ended debt funds over fixed maturity plans

BUSINESS

Why investors prefer open-ended debt funds over fixed maturity plans

There is a clear preference for open-ended funds among investors, as these are adequately liquid

After SEBI’s ruling, can individuals directly hold AT1 bonds?

BUSINESS

After SEBI’s ruling, can individuals directly hold AT1 bonds?

The market regulator's AT1 and Tier-II bonds ruling may have made it tougher for mutual funds to hold them, but it doesn’t stop individual investors from putting in their money there. The ruling, though, has underscored the risk levels, but not all AT1 bonds are a throwaway

Explained: All about debt fund taxation and indexation

BUSINESS

Explained: All about debt fund taxation and indexation

The holding period must be three years to avail indexation benefits. Only debt mutual funds are eligible for indexation benefits and not direct bond investments

Budget 2021: What it means for interest rates and debt fund investors

BUSINESS

Budget 2021: What it means for interest rates and debt fund investors

The RBI would gradually withdraw the excess liquidity in the system and then reverse interest rates

ULIPs or mutual funds? These factors can help you choose the better option

BUSINESS

ULIPs or mutual funds? These factors can help you choose the better option

One of the reasons to not summarily reject ULIPs is that there is an inherent tax advantage

How to choose the safest bond investments

BUSINESS

How to choose the safest bond investments

Leading banks offer rates lower than AAA-rated corporate deposits, while there are other banks that offer higher interest. You can choose as per your comfort level

RBI policy: Cheer for existing bond investments despite no rate cuts

BUSINESS

RBI policy: Cheer for existing bond investments despite no rate cuts

Debt funds with maturity in the range of, say, 1-3 years are preferable for fixed income investors

Can yield movements help investors assess risks of bonds?

BUSINESS

Can yield movements help investors assess risks of bonds?

In addition to checking the credit rating of a security, yield movements too can be useful signals for investors

Is socially responsible investing more resilient during downturns?

BUSINESS

Is socially responsible investing more resilient during downturns?

A company with a superior ESG score is rewarded by the markets

Scorecard of balanced advantage funds: Winners when markets correct, laggards in rallies

BUSINESS

Scorecard of balanced advantage funds: Winners when markets correct, laggards in rallies

The usual strategy is that the fund invests at least 65 per cent of the portfolio in equity, to be eligible for equity taxation

Franklin Templeton mess: An alternative approach to settling investor dues

BUSINESS

Franklin Templeton mess: An alternative approach to settling investor dues

SEBI must help unit-holders decide between instant redemption and delayed gratification  

RBI rate cut: Invest in longer maturity gilt funds with a 5-10-year horizon

BUSINESS

RBI rate cut: Invest in longer maturity gilt funds with a 5-10-year horizon

For a horizon of, say, 1-3 years, it is preferable to opt for a short portfolio maturity so that volatility would be lower

MF regulation: Choosing between the letter of law and maximising investor value

BUSINESS

MF regulation: Choosing between the letter of law and maximising investor value

The debate is about an action, which may, to a certain extent, be on the wrong side of the law, but would ultimately give higher value to investors

Franklin Templeton crisis: Lessons for investors and some key steps SEBI can take

BUSINESS

Franklin Templeton crisis: Lessons for investors and some key steps SEBI can take

Out of the sixteen debt fund categories, only two have a mandate on credit rating. You have to know what you are getting into

RBI’s fresh salvo to boost bond markets, ease States’ and NBFCs’ borrowings

BUSINESS

RBI’s fresh salvo to boost bond markets, ease States’ and NBFCs’ borrowings

The Government and the RBI have been taking a series of calibrated steps to fight the pandemic

RBI comes out all guns blazing to sanitise a struggling financial system

BUSINESS

RBI comes out all guns blazing to sanitise a struggling financial system

Banks have been thrown open the door to borrow at around 4.4 per cent and deploy the funds at almost double the yield

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