Hello Investors, Repo rate cut from 5.15% to 4.40% (75 bps cut). This will also help in effective transmission mainly to retail and MSME loans, as these loans need to be benchmarked to external rates and repo rate is the core rate The reverse repo...
Orowealth Weekend Reads: February 23, 2020 LAST WEEK MARKET MOVES Sensex Nifty Nifty Midcap 100 Nifty Smallcap 100 29,915.96 (-12.27%) 8,745.45 (-12.15%) 12,661.25(-13.32%) 3,885.25 (-17.71%) TAX SAVING SCHEMES It's that time of the year when tax saving is on the top of your list. With only a few days left to make your investment declarations, you might be...
Orowealth Weekend Reads: February 23, 2020 LAST WEEK MARKET MOVES Sensex Nifty Nifty Midcap 100 Nifty Smallcap 100 41,257.74 (+0.28%) 12,113.45 (-0.26%) 17,978.80(+0.72%) 6,159.75 (+0.03%) JUST LAUNCHED: PORTFOLIO MANAGEMENT SERVICES (PMS) Introducing Portfolio Mangement Services It gives us immense pleasure to inform you that your trusted financial advisor, Orowealth, has launched their own Portfolio Management Services (PMS) in...
The Union Budget presented a mix higher expenditure, lower personal income tax (subject to conditions), abolition of Dividend Distribution Tax, increase in custom duties, focus on rural consumption and provided some roadmap on better private participation, in order to boost the growth which is deteriorating...
This year’s budget speech was one of the longest in history with the FM touching on many different aspects of the economy. Below are the key highlights of the budget: Ø Introduction of a new personal income tax regime with lower tax rates but without the availability...
Orowealth Weekend Reads : January 26, 2020 LAST WEEK MARKET MOVES Sensex Nifty Nifty Midcap 100 Nifty Smallcap 100 41613.19 (+0.28%) 12248.25 (-0.84%) 18357.20 (+1.56%) 6345.05 (+0.90%) INVOICE DISCOUNTING Earn up to 12.00% returns! Introducing Invoice Discounting Orowealth provides a unique opportunity of discounting invoices raised on high-quality players in the consumer space. Offer Details Invest with a minimum ticket size of INR 50K,...
Anyone that lives in India would definitely have heard this famous catchphrase: “Mutual Funds Sahi Hai” or, Mutual Funds are excellent. As I am investing in Mutual Funds, I will readily testify that every claim made by these ads by the Association of Mutual Funds...
Liquid funds are often used to create one’s emergency fund. It is a wonderful tool for short-term investments. They are used to create a corpus for short-term goals like holidays, annual insurance payment, child’s school fee instalments, etc. which require a specific amount of money...
When Indian investors want to diversify globally, investing in international mutual funds domiciled-in-India is the default option available. In this blog, I look at these funds as a whole before I split the 36 available funds into 9 categories and then study each category in...
The biggest problem in setting up a SIP is that it is a tedious process and takes a month to complete the registration. It involves printing, signing and physically mailing a NACH mandate form. And once you've done that, the process goes on for another...