Debt Mutual Funds Simplified
Greetings from PenguWIN, I wanted to pen a short and simple write-up on Debt funds. The objective is that the investors should have a basic understanding of what a debt fund is and how it works. Debt funds are categorized based on the maturity profile of the instruments/securities/papers (used interchangeably) that they hold. In simple terms you can think of 60 days FD (Fixed Deposit), 91 days FD, 1-year FD and so on. If money is...
Markets on Fire Sale
Greetings from PenguWIN A fire sale is a sale of assets at heavily discounted prices. Here, I am referring to the sale of stocks in the market as though all businesses are closing down. Initial reports from the World Health Organization said that the death rate is between 3 to 4%, the rate being higher for 60+. Older people and those with respiratory problems, heart disease or diabetes are at greater risk. There are other sources from...
Budget 2020
POV 1 – Propensity to Spend Experts were of the opinion that the demand slowdown can be countered by putting more money in the hands of the consumers, so that they can spend. The expectation was that the budget will cut taxes. The budget team came up with the innovative solution of cutting the taxes for consumers, if the deductions can be foregone. The savings rate that was already on a downward spiral, as the...