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Joydeep Sen

Independent Financial Advisor And Author

Corporate trainer (debt markets)

RBI hikes interest rate to fight inflation, as economy gathers steam

BUSINESS

RBI hikes interest rate to fight inflation, as economy gathers steam

The markets seemed to have mostly priced in the hike. Has RBI’s stance changed to `neutral’ already?

Balanced Advantage Funds: Are they living up to the promise in the current volatile markets?

BUSINESS

Balanced Advantage Funds: Are they living up to the promise in the current volatile markets?

Dynamic Asset Allocation or Balanced Advantage Funds are supposed to be winners when markets correct. Till 12 July 2022, the average return from a basket of 25 BAFs, is minus 3.5 percent YTD. Though negative, it is better than negative 6.7 percent of Nifty YTD.

Amid inflation threat and RBI’s rate increase, markets are positive

BUSINESS

Amid inflation threat and RBI’s rate increase, markets are positive

The benchmark 10-year government security yield eased after the RBI’s announcements and the stock market indices turned green.

Fixed-income investments becoming attractive again

BUSINESS

Fixed-income investments becoming attractive again

Returns from debt mutual funds have been muted for some time, but in the process, the accrual level has been moving up, which makes it relatively that much attractive.

With yields up, will interest rates on small savings schemes rise?

BUSINESS

With yields up, will interest rates on small savings schemes rise?

The government has seen it fit to keep interest rates on small savings schemes such as NSC and PPF steady despite them being pegged to g-sec yields that have fallen in the last two years. But benchmark yields have been rising now.

Good times ahead for debt funds, though returns are muted

BUSINESS

Good times ahead for debt funds, though returns are muted

Market-level fluctuations are part and parcel of any market, be it equity or debt or commodities. Price levels work in cycles and if you stay the course, you will reap your returns.

When mutual funds merge fixed maturity plans with debt funds, what should investors do?

BUSINESS

When mutual funds merge fixed maturity plans with debt funds, what should investors do?

Since FMPs come with a specific timeframe, are close-ended, and of a specific credit quality, investors must first ensure the profile of the new schemes suit their investment objectives.

Index funds: Check their tracking errors instead of returns

BUSINESS

Index funds: Check their tracking errors instead of returns

The lower the tracking error, the better the index fund and it’s getting better over time as index funds lower their expenses

RBI holds the horses this time, but rate hikes a matter of time

PERSONAL-FINANCE

RBI holds the horses this time, but rate hikes a matter of time

For investors in debt mutual funds, yield levels on bonds in the secondary market had moved up after the Union budget on very high government borrowing projected for 2022-23.

Why investing in a Bank Nifty fund makes sense when the economy revives

BUSINESS

Why investing in a Bank Nifty fund makes sense when the economy revives

The Nifty Bank TRI has outperformed the Nifty 50 TRI in six of the last 10 years

Despite hikes, RBI would still be supportive on interest rates in 2022

BUSINESS

Despite hikes, RBI would still be supportive on interest rates in 2022

Five of the six MPC members voted on maintaining the stance as accommodative

RBI maintains status quo, but continues to send indirect signals on tightening interest rates

BUSINESS

RBI maintains status quo, but continues to send indirect signals on tightening interest rates

As a guidance for debt fund investors, for incremental money, the RBI is set to gradually hike interest rates

The risks of investing in cryptocurrencies: No legal backing, frowned upon by the RBI

BUSINESS

The risks of investing in cryptocurrencies: No legal backing, frowned upon by the RBI

Broadly, there is no regulatory support for cryptocurrencies, which exists for other investments in the form of a regulator and legal framework

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

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