Indian FM announced a slew of measures to help revive the economy and improve business/investor sentiments with a promise of more measures in the coming days. This is likely to improve investor sentiment and should drive at least a short-term bounce-back. The government has also given a clear signal that it acknowledges the economic slowdown
This budget, presented in the backdrop of a slowing economy, tight liquidity environment, limited fiscal space, and global headwinds in the form of trade-tariff wars, where government's strategy has been to keep the interest rate lower by allowing foreign currency-denominated sovereign debt, which in turn would drive growth through investment.
Mid & Small-cap stocks had a phenomenal run during 2014-17 and therefore funds positioning themselves in these categories attracted money at an unprecedented pace. However, 2018 was not so lucky and Mid/Small Cap funds underperformed in a big way. The retail investors who were riding the bandwagon without realizing the imperative risk involved have been
KYC stands for “Know Your Customers”. You have to be KYC compliant if you wish to invest in the mutual funds. The intent behind the KYC documentation is to tackle the Money Laundering menace.
A Mutual Fund is a professionally-managed investment scheme, usually run by an AMC (Asset Management Company) pooling the savings of a number of investors sharing a common financial goal. The collected money is invested in stocks, bonds or other capital market instruments and the profits or losses are shared by investors in proportion to their
