“We remain bullish on consumer discretionary because ek lakh crore ka tax rebate has come into play and that is recurring every. Thereafter, there is EMI burden reduction, thanks to 1% interest rate reduction, and finally somewhere towards 2027 beginning we should see 8th pay commission coming into play putting money in the pockets of … Read more
The State capital has come under a tight security blanket ahead of Prime Minister Narendra Modi’s visit to commission the Vizhinjam International Seaport on May 2. Mr. Modi is expected to arrive in the city on Thursday evening and stay overnight at the Raj Bhavan. The next day, he will travel by helicopter from the … Read more
Civil Servant from Andhra Pradesh V. Venkatesh Prasanna after receiving the excellence award, in New Delhi. V. Prasanna Venkatesh, a young civil servant from Andhra Pradesh, has received the Prime Minister’s Award for Excellence in Public Administration. Recognising his outstanding contributions for the Holistic Development of District, Mr. Venkatesh was conferred with the prestigious ‘Prime … Read more
Specialized Investment Fund: The Securities and Exchange Board of India (SEBI) is set to launch a new asset class for investors on April 1, 2025. The introduction of the Specialized Investment Fund (SIF) by SEBI aims to cater to the increasing demand from investors who feel constrained by the conventional options of mutual funds and Portfolio … Read more
Vadnagar, the birthplace of Prime Minister Narendra Modi, is set to receive a new cultural attraction in the form of the Archaeological Experience Museum. Union Home Minister Amit Shah is scheduled to inaugurate the museum on Thursday, which is designed to offer a comprehensive look at the city’s 2,500-year-old history through an immersive and interactive … Read more
The Union Budget for 2024-25 increased the short-term capital gains (STCG) tax rate from 15% to 20% and the long-term capital gains (LTCG) tax rate from 10% to 12.5%. This widening of the tax gap from 5% to 7.5% has sparked considerable discussion about the challenges it poses for PMS strategies, especially those with high … Read more
The Securities and Exchange Board of India (Sebi) on Tuesday brought in a consultation paper on introduction of ‘New Asset Class’. The main objective of creating a new product, which is somewhere in between mutual funds and portfolio management services (PMS), is to address the needs of investors with higher risk-taking capabilities and a higher … Read more
Bikaner BJP Minority Morcha district president Usman Ghani, who expressed displeasure with Prime Minister Narendra Modi’s recent remarks in Rajasthan, was on Wednesday expelled from the party for “tarnishing” its image. Ghani, while talking to a news channel recently in New Delhi, had said that the BJP was going to lose three-four Lok Sabha seats … Read more
Johnny Timpson says the government is failing to protect vulnerable people by not intervening earlier. Source link
Some money managers for rich investors delivered robust alpha to their high net-worth clients in financial year 2023-24 when the benchmark Nifty 50 TRI index gained 30.08% and the BSE 500 TRI advanced 40.16% during the year. Data collated by PMS Bazaar showed that at least 111 PMS strategies gained more than 50% in the … Read more