Intermediate

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) voted unanimously to hike the repo rate by 50 bps to 4.90%. Consequently, the standing deposit facility (SDF) rate stands adjusted to 4.65% from 4.15% and the marginal standing facility (MSF) rate to 5.15% from 4.65%. The MPC maintained its “withdrawal of accommodation” stance while dropping the phrase “staying accommodative”, signaling a shift towards “neutrality”. The Governor reiterated that further monetary measures will be needed suggesting further rate actions to move towards a positive real rate in near term.

In the current market construct, there are some questions often on top of mind for fixed income investors:

Since the last RBI policy meet, global growth-inflation dynamics have changed drastically with increased risks of a synchronized global slowdown due to tight financial conditions & weak consumer sentiment. The US economy registered two consecutive quarters of negative growth. Global commodity prices have fallen meaningfully with Bloomberg commodity & agriculture spot index dropping by 11.3% & 18%, respectively in INR terms since June 8th, the last RBI policy (Source: Bloomberg).

As a productive investing channel, mutual funds have recently gained a lot of appeal. They have emerged as a preferred investment option amongst retail investors because of the convenience of investing and professional fund management. One may choose from different types of mutual funds in India that are broadly classified into five major categories. The investment goal will determine the best type of mutual fund to pick for your needs.

Continue reading below to learn more about various Mutual Fund types and their examples.

Mutual funds have made a niche space amid a vast universe of financial products. This write-up discusses mutual fund meaning and types to help investors make an informed investment decision.

On 15th August 2021, India will celebrate its 75th Independence Day. Millions of freedom fighters lost their lives in this endeavour of unshackling India from British rule. As the country prepares to celebrate this milestone, it could also be an excellent opportunity for us to focus on independence on a more personal level, especially for matters related to our financial life. 

Why not commemorate India's 75th Independence Day this 15th August by taking concrete steps towards attaining the financial freedom that you've always dreamt of? But what is financial freedom? 

The brother-sister relationship is one of the sweetest in the world. Raksha Bandhan, an age-old festival, celebrates this divine and precious bond. A sister ties Rakhi on her brother's wrist to remind him about his responsibility to protect her. The brother, in turn, swears to protect her under all circumstances and by all means.