Right Horizons – Weekly Market Report [ 22 May to 26 May ]

Right Horizons – Weekly Market Report [ 22 May to 26 May ]

Indian Equity—Weekly update : Indian share markets continued their positive momentum on expectations of a good monsoon and the impending GST implementation. Indian equities maintained the positive trend for the third consecutive week, with the benchmarks S&P BSE Sensex (up 1.9%) and Nifty 50 (up 1.8%) ending at record highs. The sentiment was primarily boosted by the positive global trend after the US Federal Reserve signaled a cautious approach to future rate hikes. Banking sector was the prime focus of public attention. Private leaders like ICICI ,HDFC and Yes bank closed with a…

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How to balance spending and saving in early career to create long-term wealth

How to balance spending and saving in early career to create long-term wealth

Financial planners suggest drawing up a budget for the month and setting aside a fixed portion of salary as saving to be invested in creating wealth.   Are you in early stages of your working life and unsure about how to go about organizing your finance? Despite a decent pay packet, you find yourself running out of cash towards the end of each month leaving you with nothing to spare and invest for the future. You can avoid this predicament should you have a proper balance between saving and spending….

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Heard on the Street! After 30K, analysts are projecting a target of 45K by 2020

Heard on the Street! After 30K, analysts are projecting a target of 45K by 2020

One of the major factors, driving optimism in the market, is the recovery in earnings growth along with the implementation of government reforms in Asia’s third largest economy which is growing at 7 percent rate, faster than most developed and EM economies.   When Sensex hit 20,000 back in 2007, the Street was anticipating a number of 30K on the index in a hurry, but nobody was aware of the global financial crisis that would hit equity market the very next year, which would take the index towards 10K in 2008,…

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Should you invest in current tranche of sovereign gold bonds?

Should you invest in current tranche of sovereign gold bonds?

Investment advisors say the bonds offer a good portfolio diversification option. They also offer the twin benefit of capital appreciation and regular returns, besides not having the risk of handling like physical gold. The 7th tranche of Sovereign Gold Bonds (SGBs) which is now open for subscription provides a good option for portfolio diversification coupled with an element of stability, say investment advisors. “We would advise investors to invest in SGBs, especially those who don’t have any exposure to gold as it will help in hedging their portfolio,” says Aasif…

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Fact sheet: Key tool for investors

Fact sheet: Key tool for investors

Understanding information in this document correctly can make you proficient mutual fund investor By Anil Rego If you have questions about a mutual fund scheme that you own or plan to purchase, one source that you can turn to for reliable information is its fact sheet. This document contains a wealth of information and insights. Reputed fund houses provide more information in this document than is legally mandated. By reading it carefully, an investor can glean useful insights about a fund’s past performance, the level of risk it carries, and so…

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5 ways to have financial compatibility in a relationship

5 ways to have financial compatibility in a relationship

Couples can work on creating financial compatibility by arriving at a common ground in financial matters such as spending, saving, and investing. This Valentine’s Day, one must not forget that financial compatibility in couples can make or break a relationship. Having a common outlook on money matters helps in creating a safety net. When partners are financially compatible, heartaches arising out of money issues are less likely to creep in. Couples can work on creating financial compatibility by arriving at a common ground in financial matter such as spending, saving,…

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Budget 2017: How it impacts your finances

Budget 2017: How it impacts your finances

All you need to know about the Budget to realign your finances with the new tax rules. Most expected an upbeat Budget post demonetisation, one laden with freebies and fireworks, to give the economy a much-needed push. A balanced Budget is what we got instead. The biggest relief came in the form of lower income tax rate for those earning between Rs 2.5 lakh and Rs 5 lakh. But one man’s gain is another man’s loss. The government has levied a surcharge of 10 per cent for people earning between…

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Budget 2017: How it impacts your finances

Budget 2017: How it impacts your finances

All you need to know about the Budget to realign your finances with the new tax rules. Most expected an upbeat Budget post demonetisation, one laden with freebies and fireworks, to give the economy a much-needed push. A balanced Budget is what we got instead. The biggest relief came in the form of lower income tax rate for those earning between Rs 2.5 lakh and Rs 5 lakh. But one man’s gain is another man’s loss. The government has levied a surcharge of 10 per cent for people earning between…

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Income Tax Slabs- Budget 2017 – Friend of the masses and Foe of the creamy classes!

Income Tax Slabs- Budget 2017 – Friend of the masses and Foe of the creamy classes!

Tax hikes for the super –rich and tax cuts for the lower income group. The budget 2017 has scored high when it comes to relief from the cash crunch for farmers, small traders and all those who fall under the less than 3 lac p.a income group.  Taking a clearer look on what this would actually mean for these income groups…………. On the outset if you are someone with an income of INR 3,00,000/- or less p.a then you do not pay any Income Tax as per Budget 2017. Now…

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Rediff Q: Will this Budget be a gamechanger?

Rediff Q: Will this Budget be a gamechanger?

Harsh Roongta, Mahesh Padmanabhan, Anil Rego answer the most sought after questions on Budget Day. Rediff Q: What are your Budget expectations/wishlist? Harsh Roongta, Investment Advisor, harshroongta.com  • Fiscal deficit in control for the next year as per FRBM. • Aggressive tax compliance assumptions will be taken. • Aggressive growth assumptions for agri and manufacturing will be assumed. • DBS and electronic payments for all government payments. • Expansion of subsidy programmes for low income households, but at lower outlay through better targeting due to DBS. • Tax on cash…

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