This is a review of Edelweiss Balanced Advantage Fund, an open-ended dynamic asset allocation fund. In its 12th year, the fund has an AUM of Rs. 1496 crores. It varies its equity exposure between direct equity and arbitrage as per market conditions but will remain an “equity fund” with respect to taxation. Depending on market…
Continue reading →The seventh tranche of Sovereign Gold Bonds 2020-21 (Series VII) will be available for sale from October 12-16, 2020. The issue price of the Bond per gram during the subscription period will be Rs. 5041 (down from Rs. 5,117 for series VI and Rs 5,334 for series V). However, it is not a product for…
Continue reading →These are the issue dates of Sovereign Gold Bond Scheme 2020-21. The finance ministry has announced six further tranches for the current financial year. This is the schedule. Also see: Sovereign Gold Bond Scheme 2020-21 (Series VII): Should you buy? Tranche Subscription Dates Issue Dates 2020-21 Series VII October 12 – 16, 2020 October 20,…
Continue reading →Stocks with momentum and low volatility for October 2020 are listed in this stock screener for 100 stocks from the Nifty 100. This month as many as 29 stocks quality after filtering Nifty 100 with (1) positive 1-year return, (2) positive six-month return, (3) price > 200-day moving average, (4) 50% of daily positive returns,…
Continue reading →In a circular dated Oct 5th2020, SEBI once again changed the norms for “Product Labeling in Mutual Fund schemes” – the third such change in the last seven years. In what can only be seen as bizarre, SEBI ruled that a change in the “risk-o-meter” dial for a fund need not be considered as a…
Continue reading →Credit Score is a number given to an individual/company to assess their creditworthiness. This is calculated to help the banks to decide whether the borrowers are capable of repaying the money on time. This article on credit score is meant for newbies. The factors that determine a CIBIL score calculation are explained with ways to…
Continue reading →List of Nifty Next 50 stocks with index weightage and market capitalization are tabulated for October 2020. These are 50 companies from NIFTY 100 after excluding the NIFTY 50 companies representing about 10-11% of the free-float market capitalization of the stocks listed on NSE. To be included in the Nifty Next 50, a stock must…
Continue reading →We find that only three actively managed small cap mutual funds have managed to beat the Nifty Next 50 total returns index consistently over three, four and five-year durations. This study follows the Handpicked List of Mutual Funds Oct-Dec 2020 (PlumbLine) edition where we pointed out that we will be reevaluating small cap and midcap mutual…
Continue reading →Govt of India (GOI) has announced the sale (Re-issue) of 6.80% Government bonds maturing in 2060. Retail investors can participate in this sale via the NSEgoBid platform on 6th and 7th Oct 2020 (10 am to 5 pm). The auction will be conducted by the RBI on 9th Oct. Details of the 6.8% GOI Bond: …
Continue reading →Here is an interesting question from a young earner about to start his career: Dear Sir, I started following your work recently. I am 21 years old now and will graduate with a BCA degree this month. My internship is getting converted to full-time next month. I will be working as a Front End Developer…
Continue reading →This is a FAQ of the “Earn from Skills” course.
Continue reading →Sukanya Samriddhi Yojana (SSY) was launched in 2015 as a part of Beti Bachao Beti Padhao campaign. The scheme is specifically focused towards the girl child and is designed as a small savings scheme that can be used as an investment vehicle towards future expenses of the girl child, like education and marriage. In 2019,…
Continue reading →We see a popular website, YouTube channel or Instagram account and often wonder how much they would be earning. We would like the same too but do not know where to start. Search for “ways to make money online” and you would see the same list everywhere – freelancing, stock trading etc. The problem lies…
Continue reading →Often, we do not need a calculator to tell us that we are not earning enough. Just the calendar is good enough for us. I often ask the audience in my corporate presentations, “When does your month-end?”. That is when you start looking forward to the next paycheque. Answers vary from 15th to 5th –…
Continue reading →In this edition of reader story, let us peruse a message from Virendra (published with permission) about how he set his finances in order with the help if goal-based investing. In particular, how the result of a retirement calculator drove him into action. His journey is similar to mine – driven by the fear of making…
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