FED Hikes the Repo Rate by 75 Basis Points
Another expected rate hike from the US Fed has increased the chances of a recession in the US. This is unlikely to influence the Indian central bank’s thinking on rate hikes. The impact on your investments is muted so far but the situation calls for prudent asset allocation on the part of investors.
Currencies Swing Wildly across the Global Market
The global rise in uncertainty amidst rising interest rates is leading to the strengthening of safe haven dollar. This is impacting other global currencies, including the Rupee. Expect near term volatility in your portfolio. Look at your asset allocation before adding to equity in the current environment.
Tata Asset Management is considering buying a stake in UTI AMC
The potential merger would be another big deal in the AMC space. The impact on retail investors should be minimal. The benefits for both firms, though, seem to be real.
Baroda BNP Paribas Flexi Cap Fund NFO Review
Baroda BNP Paribas launched a new NFO Baroda BNP Paribas Flexi Cap Fund, that invests across market capitalisation. The period for the Baroda BNP Paribas Flexi Cap Fund is from July 25th 2022, to August 5th 2022.
HDFC Nifty Next 50 ETF NFO Review
HDFC Mutual Fund launched a new ETF NFO HDFC Nifty Next 50 ETF, that invests across the NIFTY Next 50 stocks. The period for the HDFC Nifty Next 50 ETF is from July 25th 2022, to August 1st 2022.
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HDFC Nifty 100 ETF NFO Review
HDFC Mutual Fund launching a new ETF NFO HDFC NIFTY 100 ETF, that invests across the top 100 large-cap stocks. The period for the HDFC NIFTY 100 ETF is from July 25th 2022, to August 1st 2022.
EPFO is Gung Ho on Equity; likely to enhance equity exposure to 20%
Increasing allocation into equities will allow EPFO subscribers to participate in the stock market materially. The large corpus under EPFO will also raise the demand for equity and bring in added liquidity. All in all, this is good for your equity wealth.
Central Government Provides Relief from Rising Fuel Prices
The government finally provided some relief from high fuel prices thanks to an announced cut in excise duty on petrol and diesel. The move will benefit both corporate India and people like you and us who feel the pinch at fuel stations and elsewhere.