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If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

If you are planning to invest in tax saving mutual funds or equity linked savings schemes to save taxes, you should remember the following points.

SEBI also prescribed more disclosures around environment, social and governance (ESG) issues.

The new timeline will come into force from July 1, 2023, the Securities and Exchange Board of India (Sebi) said in a circular.

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ETMutualFunds considered equity and equity-oriented schemes such as large cap, small cap, multi-cap, flexi cap, mid cap, large & mid cap, aggressive hybrid, arbitrage fund, multi asset allocation, and dynamic asset allocation categories for the analysis.

Sandeep Bagla, CEO of TRUST AMC, predicts that bond funds could perform well in 2024 due to increased yields and a potential decrease in inflation. He advises retail investors to turn to mutual funds rather than going direct to access equity markets as a fund manager has more resources to determine the long-term value of a company. Bagla believes that global diversification in 2023 could be better than in 2022 and suggests focusing on longer-term factors and values during periods of volatility.

Three fixed maturity plans, two gilt funds, one dynamic asset allocation, ELSS, fund of fund, ETF, and index fund are currently open for subscription in the market.

In addition to debt mutual fund schemes, there are several other categories that are treated as debt for taxation, which will lose indexation benefits.

The markets regulator had earlier asked all the existing individual unite holders holding mutual fund units either solely or jointly to provide nomination by March 31, failing which the folios would be frozen for debits.

"Overall, I do not see this as a big dampener for the entire debt category. Mutual funds provide liquidity, which is not available otherwise," said Devang Shah, co-head, fixed income at Axis Mutual Fund.

The market may have been volatile and moved sideways over the last one year or so, but some SIP investments still made money for investors. Here are five equity mutual fund schemes that offered an impressive return to investors in the last one year.

Many investors are considering investing in debt schemes to claim long term capital gains tax. Is it a wise move? Where should you invest?

Nilesh Shah of Kotak AMC states that investments made before 31st March 2023 will continue to get the benefits of long-term capital gains and indexation. However, investors in the upper tax bracket will have to pay higher taxes. Shah believes that the AMC industry will have to focus more on financial education, as investors must be smart in understanding how they park their money. There are also many other potential options in the mutual fund industry, such as short-term bond funds, floating rate funds, and guilt funds.

"The withdrawal of indexation of debt fund gains can be seen more as a concerted attempt to move away from tax arbitrage and create a level playing field. Hopefully, tax rates will also be reduced over time to adjust for inflation," Bank of Baroda chief economist Madan Sabnavis said.

At least three asset management companies (AMCs) have together opened 16 international equity mutual fund programmes for lump-sum investments up to the amounts legally permissible. The Finance Bill amendments, applicable from the next financial year beginning April 1, will remove indexation benefits for debt-oriented savings plans.

"Demand for above three-year corporate bonds would be impacted, and we could see some steepening of the curve right from one-year to five-year point, and spreads with government bond yields could see 10 basis points of widening" said Raju Sharma, head fixed income at IDBI Mutual fund.

Ever since the news came out, many investors were asking around whether there are any ways to avoid the extra tax. Sure, experts never fail such investors. They have been offering many quick-fix solutions.

The deadline for all the existing mutual fund folios, including jointly-held ones, is on March 31. Failure to do so will result in the folios frozen for debits.

From April 1, capital gains arising from investments in debt mutual fund schemes will be added to taxable income and taxed in line with the income tax slab rate. The government made this unexpected change as part of amendments in the Finance Bill last week.

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

MNC funds invest in a diversified portfolio of multinational corporations, typically across different sectors, such as technology, healthcare, consumer goods and energy.

There are various points to remember before the financial year ends, Here is a list of different areas one needs to check.

"Fixed deposits will be at par with some debt schemes once the tax advantage is gone from a retail investor's perspective," said Ashish Shankar, MD and CEO, Motilal Oswal Private Wealth. "For HNIs and family offices, direct debt and structured debt will become more attractive."

I also believe that the way the mutual funds have been playing the development role on the bond market, which I think is one of the most needed for the country as a whole, in addition to the equity market.

Many anxious investors are calling their advisors to talk about the tax treatment of their debt mutual fund investments. Advisors have been telling investors that all investments made before March 31,2023 will continue to enjoy LTCG and Indexation benefits.

Indexation helps investors to bring down taxes as it calculates the taxes after accounting for inflation. In a high inflation environment, indexation brings down the taxes significantly.

The Securities and Exchange Board of India, in its circular dated May 8, 2017, allowed the use of e-wallets for investment in mutual funds within the umbrella limit of Rs 50,000 for investments by investors, especially the young generation -- to purchase these instruments through both e-wallet and/or cash per mutual fund per financial year.

Quant Mutual Fund has launched a Dynamic Asset Allocation Fund that provides 100% flexibility in shifting between debt and equity. The company aims to target a new investor audience, such as people who invest in FDs but are reluctant to take risks. They believe the new fund can generate extra alpha over FD returns and offer a similar low-volatility product with better taxation. The fund can be used as a debt tax savings product, while Sebi also allows exiting 100% from equity or participating in 100% debt. The fund aims to generate alpha opportunistically when extreme or special situations arise.

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ETMutualFunds looked at the ELSS category to see whether the schemes in it managed to beat their benchmarks over the 10-year period. There were 27 schemes in the ELSS category that have completed 10 years of existence.

By investing in a fund of funds, which offers asset diversification, investors may also benefit from lower risks as it follows a passive investment strategy.

Deals beyond a certain value require approval from the regulator, as it keeps a tab on unfair business practices in the market place.

The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of this year, the same endpoint seen in the December projections.

The small cap category has faced a lot of volatility in the interim. The category delivered around 2.19% return in the last one year horizon.

Midcaps and smallcaps tend to feel the pinch more than largecaps during macroeconomic advents. This is despite valuation in the smaller caps also correcting. Some profit booking in midcap and smallcap stocks could occur in the nervous market but one should start nibbling back into increasing equity allocation to domestic equities, especially largecaps. Kotak AMC's CIO-Equity, Harsha Upadhyaya, believes the valuation risk remains minimal in largecaps, making them attractive to investors for long-term investments.

Aditya Birla Sun Life AMC CEO A Balasubramanian says the firm’s exposure to the Adani Group has been paid on time or earlier than the due date. SIP cancellations might occur, however, the net number should remain positive moving forward. The upcoming election should see a positive outcome for the Indian market. Stocks in the consumption segment would be the least volatile with no earning negative surprises.

According to regulatory guidelines, investors should have a nominee for all their mutual fund folios, or inform the fund house they do not wish to have one by March 31. Otherwise, their folios will be frozen for debits.

"Concerns on growth and financial stability point to easier than expected monetary conditions. If this contagion in the global banking system continues, monetary policy will continue to be easy, making it a good time to allocate some money to long duration bonds with a 5-10 year maturity." says Sandeep Bagla, CEO, Trust Mutual Fund.

As per Association of Mutual Funds in India (AMFI) data as of January 2023, individual mutual fund investors have 80% of their total mutual fund allocation towards equity schemes, and only 14% of the allocation is towards debt-oriented schemes.

Silver ETFs also have an advantage over SIlver futures which are also traded on the exchanges. The former is traded on exchanges in the form of stocks, Solanki said. Trading in silver futures and for that matter any derivative is complicated while ETFs are much simpler to understand, he added.

Around nine fixed maturity plans (FMPs), five gilt funds, two ETFs and two fund of funds (FoF), and one ELSS and index fund scheme are open for subscription in the market.

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

For some people investment is an activity where there is a lot of action all the time. They strongly believe that to get returns one needs to actively manage their portfolio and churn appropriately, says Suresh Sadagopan.

The NSE Nifty fell 111.65 points or 0.65% to close at 16,988.40. The BSE Sensex declined 360.95 points or 0.62% to end at 57,628.95. "It's the fear factor that the crisis in the developed market financial system will not end soon which is dragging down the market at the moment," said Siddarth Bhamre, head, research, Religare Broking.

Puneet Pal, head - fixed income, PGIM India Mutual Fund, said he expected the US Fed to hike rates by 25 bps next week, but he pointed out the crucial aspect will be the future guidance.

Is it the right time to invest in equity mutual funds? Why mutual fund managers/experts believe that it is great time or opportunity to invest in equity mutual funds?

The goals cannot be vague, such as ‘I will buy a house when I have enough money’. Goals should be ‘SMART’: specific, measurable, achievable, relevant and time-bound.

This type of fund has huge interest rate risk as any change in the interest rate will impact the price of the bonds, which will impact fund returns.

Investing consistently is more than important than timing the markets.

The Indian equity benchmarks are expected to open flat today, as trends in SGX Nifty indicate a muted start for the broader index.
Fri, 31 Mar 2023 07:18:14 +0530

The Indian equity benchmarks are expected to open flat today, as trends in SGX Nifty indicate a muted start for the broader index.
Fri, 31 Mar 2023 07:18:14 +0530

FY23 has been a commotion, an emotional rollercoaster for retail investors, and a game of patience for institutional investors.
Fri, 31 Mar 2023 06:48:05 +0530

As the negative impact of rate hikes in compressed time is starting to surface in terms of banking stress, the record highs are looking a bit difficult for the index in the near term.
Thu, 30 Mar 2023 06:48:44 +0530

As the negative impact of rate hikes in compressed time is starting to surface in terms of banking stress, the record highs are looking a bit difficult for the index in the near term.
Thu, 30 Mar 2023 06:48:44 +0530

A relief rally may be possible after the market priced in US banking sector debacle.
Wed, 29 Mar 2023 06:40:26 +0530

A relief rally may be possible after the market priced in US banking sector debacle.
Wed, 29 Mar 2023 06:40:26 +0530

A relief rally may be possible after the market priced in US banking sector debacle.
Wed, 29 Mar 2023 06:40:26 +0530

A relief rally may be possible after the market priced in US banking sector debacle.
Wed, 29 Mar 2023 06:40:26 +0530

Harshad Patil of Tata AIA believes that the heightened volatility is here to stay, at least in the near term.
Tue, 28 Mar 2023 06:37:32 +0530

Kotak Mahindra AMC remains positive on sectors deriving demand from domestic sources. These include large banks, capital goods, manufacturing and automobiles.
Mon, 27 Mar 2023 07:19:01 +0530

Real estate is an elephant and takes time to move. Hence, real estate has a lot of moving parts and it#39;s better to stay away, says Chaturmohta-Fund Manager-PMS Strategy- Apex at JM Financial Services
Sun, 26 Mar 2023 08:59:42 +0530

Real estate is an elephant and takes time to move. Hence, real estate has a lot of moving parts and it#39;s better to stay away, says Chaturmohta-Fund Manager-PMS Strategy- Apex at JM Financial Services
Sun, 26 Mar 2023 08:59:42 +0530

Real estate is an elephant and takes time to move. The sector has a lot of moving parts and it#39;s better to stay away, says Chaturmohta, Fund Manager-PMS Strategy-Apex, JM Financial Services
Sun, 26 Mar 2023 08:59:42 +0530

Some of the consumer facing companies have also seen valuation normalizing during the recent market corrections, the expert told Moneycontrol.
Sat, 25 Mar 2023 08:04:42 +0530

Oil prices are set to cap a second straight week of gains after the largest bank failure after the 2008 financial crisis spooked traders and roiled markets. Worries about a full-blown global banking crisis have abated after two banks, in the U.S. and Europe, were rescued.

The largest private sector bank in India is HDFC Bank, whose share price has been among those that have given investors multibagger returns over the previous ten years. But, during the 1.5 years, HDFC shares have disappointed investors.

Fed funds futures are still split on whether the Federal Reserve will hike or not at the next policy meeting in May, while pricing in a rate cut by Novemeber. That compared with an overwhelming bet on a 25 basis point hike a month ago before the banking volatility started.

The JPMorgan Hedged Equity Fund holds a basket of S&P 500 stocks along with options on the benchmark index and resets hedges once a quarter. The fund, which had about $14.71 billion in assets as of March 29, aims to let investors benefit from equity market gains while limiting their exposure to declines.

Three Fed officials kept the door open on Thursday to more rate hikes aimed at lowering high levels of inflation, with two noting banking sector problems could generate enough headwinds on the economy to help cool price pressures faster than expected.arket

With one day to go in the first quarter, the technology sector was up about 20% for the period, leading sector gains along with communication services, which is up about 18%. Nasdaq is on track for its biggest percentage quarterly gain since the end of 2020.


Cross River Bank, for example, received requests from more than 100 new clients not all of whom were crypto companies seeking a safe harbor for their deposits within days of SVB Financial Group's Silicon Valley Bank and Signature collapsing, according to a person with direct knowledge of the bank's business. The closely held company turned down almost all those requests, the person said.

The leading vaccine maker is working with Bank of America on the demerger process, said the people cited above. About 60% of Sanofi India is owned by Sanofi and wholly owned subsidiary Hoechst Gmbh. The rest is held by foreign and domestic institutional investors along with retail investors.

Reliance Industries had last year announced the demerger of its financial services business into a separate entity and subsequent listing it on the stock exchanges

Investors await the February reading of personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, due on Friday


A two-member NCLAT bench observed the lenders of Mittal Corp were "empowered to issue fresh RFRP" when none of the resolution plans had been approved by the committee of creditors (CoC). NCLAT said issues raised by Jindal Stainless subsequent to February 10, 2023, when RFRP was issued, need no consideration.

Following this, IL&FS submitted the fit and proper declarations for financial years 2022, 2021, 2020 and 2019 to MSEI and also paid the settlement amount Rs 13.65 lakh. Accordingly, it settled the case with Sebi.


U.S. stock index futures rose on Thursday as easing fears of a banking crisis shifted the focus back to key consumer spending data due later in the week that could shape expectations for the Federal Reserve's future policy path. At 5:03 a.m. ET, Dow e-minis were up 145 points, or 0.44%, S&P 500 e-minis were up 15.75 points, or 0.39%, and Nasdaq 100 e-minis were up 32.5 points, or 0.25%.

The high optimism growth stocks include Avenue Supermart, Siemens, Pidilite Industries, Nestle India, Page Industries, Tata Consumer Products, Hindustan Unilever, Britannia Industries, Thermax and Kotak Mahindra Bank.

Ruchit Jain, Lead Research, says the market will pick up directional moves in such a direction in the April series. 17,200 would be the crucial resistance that we would watch out for. Once we get a breakout above 17,200, it would be clear that the April series would turn out to be a positive one.

Morgan Stanley has reduced active risk to zero from (-)50 bps, earlier. The overall score stands at 22, according to this report. Chile is another country which has been given an Equal-weight rating by Morgan Stanley.

According to the new rules that come into effect from April 1, mutual funds with less than 35% investment in equities will be taxed short-term capital gains (STCG) based on income tax slab levels, similar to how bank fixed deposits are taxed.

A drop in Germany's North Rhine-Westphalia inflation to 6.9% in March from 8.5% a month ago also helped European equities. The federal statistics office will publish a flash estimate for nationwide inflation at 1200 GMT.

Stock of India's second-largest credit card issuer could see 23% CAGR in card spends over FY23-26E, Jefferies said, adding that the company will leverage SBI's large customer base and its wide co-branded card tie-ups.

“One will have to wait for the fine prints of the amendment, to see how SEBI introduces the quantitative thresholds for determining ‘materiality’ of events / information,” he further said.


While the purpose of the amendment was to ensure information symmetry, it might fuel more speculations in the market. This would further create greater debates in the corporates of confirming or denying any strategic decision at a nascent stage.

The future looks bright for both PMS and MF because financialisation of the savings has already started. Equity as a culture is improving and as the per capita income, affordability, and awareness increases for PMS, the size is going to probably become 2x, 3x, 4x, 5x, 10x over a period of time, says Rajesh Kothari, Managing Director, AlfAccurate Advisors Pvt Ltd.


In stock markets, we can pay a small premium and protect ourselves from losses in our portfolio, and hence options are also called as insurance of stocks. Since market moves both up and down, we need to have insurance for both Bulls and Bears and hence we have 2 types of Options.

Shares of companies will likely trade ex-dividend a day or two before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment.

According to people in the know, her holding as the promoter comes down to 32% from 39% while Japan's Gojo has its stake reduced to 19% from 39%. C4D's stake is reduced to 9% from 13% while Sabre Partners AIF Trust's current holding is 3%. The balance is held by other minority shareholders.

Individuals who possess a willingness to assume a moderate amount of risk may opt to invest in top-tier corporate bonds, while those who prefer to err on the side of caution may find solace in government bonds. As interest rates continue to climb, purchasing bonds with shorter durations may serve as a safeguard against fluctuations in pricing.

Keep in mind that a decade ago the world’s finest bubbly accounted for a mere 2% of secondary market trades on Liv-Ex. That share climbed to make it the third most-traded region behind Bordeaux and Burgundy (at 18.7%) in Nov. 2022, and remained in third position until US wines spiked during the week of March 17-23.

Last week, the Fed and its allies effectively bailed out the depositors of SVB. As part of this bailout, the Fed had to increase its balance sheet by 300 billion dollars. The Fed printed 300 billion new dollars, given that Bitcoin was built in response to the 2008 bank bailouts. BTC's price went parabolic in response to the SVB bailout.

Meanwhile, slowing down the trend of internet companies hitting the markets, only one new-age tech startup Delhivery made its debut this fiscal. Paytm, Nykaa, Zomato and Policybaazar were some of the marquee tech companies that entered the public markets in FY22.

The multibagger stock has risen from being a penny stock available at just Rs 10.20 in April 2003 to over Rs 600 currently. In the last five years, the shares have surged 522% and the same jumped nearly 830% in the last three years.

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The Nuvama Asset Management Head of Equities says they are very positive about the whole premiumisation theme within the country. What happened recently with the DLF launch is a prime example. Within three days, they sold inventory worth almost Rs 8,000 crore. They had planned to launch around 2 million square feet but eventually launched 4 million square feet and got a stupendous response. The premiumisation trend is likely to pan out over the next 2-3 years.

PMS are managed accounts and clients have a greater involvement, points out Anshul Saigal, CIO of Kotak PMS. When the markets are doing well, the PMSs start buying and push the markets up. And when markets are iffy. PMSs sell. Having said that, Plus the DIIs are sitting at on cash that is nearly a decadal high. FII short positions are, even higher than June of last year.

According to Rahul Shah, VP-Equity Advisory, MOFSL, we are not in a bear market but good corrections in a lot of stocks and lack of interest from the investor’s side has led to stocks tumbling down. The HNIs and the retailers usually show a lot of interest in smallcap and midcap stocks. But due to a lot of global factors, they have postponed their investment at this juncture. In select baskets, this would be a good opportunity to get into all smallcaps and midcaps.

Improvement in capacity utilization is likely to support price hikes in the near term. Cement players have attempted price hikes in Feb-Mar’23; however, a significant portion of the hikes was reversed by offering discounts, incentives, and price cuts

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These are HUL, ICICI Bank, ITC, L&T, Britannia Industries, Mahindra & Mahindra, NTPC, UltraTech Cement, Coal India, Eicher Motors, and IndusInd Bank.For markets, FY23 began on a tough note as Russia’s invasion of Ukraine pushed commodity prices higher, resulting in an unprecedented rise in inflation in world economies, including India

A Goldman Sachs Group Inc. basket of companies with weak balance sheets advanced for a fourth straight session, extending its gain this week to 3.3%. That compared with a weekly return of about 1% for a Goldman basket of companies with sturdy finances

Crude inventories fell by 7.5 million barrels in the week to March 24 to 473.7 million barrels, compared with analysts' expectations in a Reuters poll for a 100,000-barrel rise. Mean while, reports about Russian crude production falling by around 300,000 barrels a day in the first three weeks of March, less than the targeted cuts of 500,000 bpd, and strength in the U.S. dollar, erased oil price gains

Gold prices retreated slightly on Thursday as the US dollar strengthened, reducing interest in safe-haven assets. Spot gold declined 0.2% to $1,960.68 per ounce while US gold futures were down 0.3% at $1,962.10. Investors are eagerly awaiting the latest US Personal Consumption Expenditures data, the Federal Reserve's preferred inflation measure, on Friday to gain further indications of the bank's monetary policy

Asian stocks rose on the back of easing banking fears and Alibaba's plan to break up its conglomerate structure, offering hope that the regulatory storm around Chinese tech firms may be dissipating. MSCI's Asia-Pacific shares index rose for a third straight day, up 0.3%, while Australia's stocks rose by 1%.

Mahindra Lifespace Developers' shares declined nearly 6% last market after its CEO and MD, Arvind Subramanian, announced his resignation. Broking firm Angel One shares fell for three trading sessions after its chief executive, Narayan Gangadhar, resigned from the post on February 17. According to analysts, an unexpected exit by a CEO has mostly impacted stock prices in the near-term as the move is seen to be disruptive for companies' growth plans.

According to analysts, the market recovery in the last half an hour of Wednesday's trade and the Nifty closing above 17,000-level has raised hopes of a short-term bounce. "A relief rally can commence if the Nifty surpasses 17,200," said Viraj Vyas, derivatives and technical analyst, institutional equities, Ashika Group. "But, the market remains a 'sell on rise' until it sustains above 17,600 levels."

Asian markets were mixed on Thursday as investors weighed US interest rates against the backdrop of recent turmoil in the financial sector. Markets have largely been reassured by comments from officials suggesting the fallout from the collapse of US regional banks and from Credit Suisse's troubles was contained

NPCI recently issued guidelines that allowed prepaid payment Instruments (PPI wallets) to be part of the interoperable UPI ecosystem.