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Tag:   mutual fund

How does the interest rate hike affect your personal finance?

In addition to the equity and debt market, the rate hike will impact loans and fixed deposits. 

In an emergency press briefing on May 04, 2022, the Reserve Bank of India announced a 40 bps hike in the repo rate. Much to investors’ surprise, the central bank increased the rates for the first time in two years to control inflation. Although the move is likely to rein the rising prices of oil and food in the backdrop of a shortage of supplies due to conflict in Europe, it can significantly impact your credit (loans) and investments in fixed deposits and mutual funds. 

Let us see the impact of the rate hike on your day-to-day finances: 

Impact on fixed deposits

If this is the beginning of the interest rate hike cycle, more rate hikes might be coming up. Consequently, this could increase the interest rates of short term fixed deposits. The rates of long-term deposits might also increase gradually. Although the interest rate on FDs might increase, FDs are not tax efficient as the gains from FDs are taxed as per the income slab of the depositor. 

Impact on loans

Lenders (banks and financial institutions) will quickly pass on the hike to borrowers, resulting in a rise in EMI amount or loan tenure extension. Many banks have already started to increase the interest rate on loans. But this applies to those having floating-rate housing loans. The impact will be severe for individuals intending to make fixed-rate loans like car loans or personal loans. 

As the lenders will pass on the interest rate hike to borrowers, the demand for a home loan is likely to slow down, which could further dampen the real estate market.

interest rate hike

Impact on equity 

A hike in interest rate directly affects investor sentiments. For instance, the recent unexpected announcement of the central bank’s rate hike resulted in mayhem in the Indian stock market within an hour. Consequently, Sensex closed with losses on the day of RBI’s announcement. Although instant reaction and panic selling might affect the short-term returns in the equity market, staying invested through this rough patch and keeping an eye on the long-term goal will pay off investors. 

Investing in equity-oriented mutual funds through systematic investment plan (SIP) for a longer duration can average out interest rate risk and generate steady returns over period. As historical data shows, equity has outperformed during times of high inflation in 2014 and 2016. Also, since equity is ideally a suitable asset class for a longer investment horizon, the negative impact of an interest rate hike will be averaged out if stayed invested systematically in this asset class. 

Impact on debt 

Interest rates and debt (fixed income) securities such as corporate and Government bonds have an inverse relationship. When the interest rates rise, bond prices fall and vice versa; thus directly affecting the performance of debt funds. But before we understand the impact of the interest rate hike on debt mutual funds, it is essential to know how debt funds work. 

When the Government or a corporate entity wants to raise funds, they borrow money from investors and agree to repay the borrowed sum along with interest on a timely basis. This loan agreement between the issuer (borrower) and investor (lender) is called debt securities. Since the issuer pre-decides the interest rate and period at the end of which instrument can be redeemed, these are known as ‘fixed-income’ securities. This interest rate is what we call coupon rate, and the pre-defined time is known as maturity. 

However, these debt securities are prone to interest rate risk in the economy and get adversely affected by movement of interest rates. For example, let’s suppose bond A is issued at coupon rate of 6% and prevailing interest rate in the economy is also 6%. But if the interest rate rises to 7%, previously issued bond A will not be worth its face value as it continues to pay 6% only. 

In other words, since the bond’s coupon rate is pre-decided at the time of its issuance, the rise in interest rate above the coupon rate makes the existing bonds look unattractive, which dampens the demand for these bonds. As a result of lower demand, the NAV of debt funds holding these securities/bonds also decline. Therefore, a rise in the interest rate can impact debt funds negatively. 

All in all, an interest rate hike has a different impact on various assets and financial instruments. Thus, it is prudent to diversify your investment portfolio across multiple avenues and seek professional help before making any significant financial decision.

SIP and Lumpsum: How to Invest in Mutual Funds?

Mutual funds are one of the most popular and diversified investment vehicles available to investors. Lumpsum investment and Systematic Investment Plan (SIP) are two of the most popular ways investors can invest in mutual funds.

One of the critical questions that mutual fund investors ask is whether they should go in with a lumpsum amount or take the SIP route.

So, in this article, we will check both the investment routes and understand when it is the best time to invest in mutual funds through the SIP or lumpsum route.

Differences between lumpsum investment and SIP 

People who invest in mutual funds through SIPs and lump sums can benefit from the possibility of making money. However, the significant difference between SIP and lumpsum methods is the investment frequency. SIPs let you put money into a mutual fund scheme regularly. Mutual fund houses offer daily, weekly, monthly, quarterly, half-yearly plans through which you can invest your money regularly.   

Lumpsum investments are one-time investments where you put a sizeable amount in the mutual fund account in one go.

The minimum investment amount is another difference between the SIP and lumpsum investment. You can start investing in a mutual fund through SIP at just Rs.500 per month. However, the initial investment amount for a lumpsum investment is Rs.5000, and you can make additional investments starting at Rs.1000.

 As an investor who has a small amount of money to invest, SIPs might be better for you. Lumpsum investments may be better for people who have a large corpus and are okay with taking risks.

Best time to invest in a scheme through SIP

As we have seen that SIP does away with the need to invest a large sum of money all at once, SIP is strongly recommended for individuals with a steady salary looking to invest in equity funds for the long term.

 SIP investing also works effectively when the markets are down. This is because, while the price is low, an investor can buy many mutual fund units. Once the market takes off, the growth will be strong.

The most important question is: when is the best time to invest in a SIP?

Any time is appropriate to invest in a mutual fund scheme through SIP.

Whether the market is at an all-time high or low, you don’t have to bother.

This is because the SIP route is taken as an investment route to invest for a long time with a minimum period of five to six years. 

Furthermore, the longer you stay invested, the more you can benefit from the power of compounding.

Best time to invest in MF scheme through lumpsum

In a rising market, a lumpsum investment strategy works better than SIP. But what if you get it wrong and the market goes into freefall?

There is a way to go about it. If you have a sizable chunk of money, you can make a lumpsum investment in a debt fund and then opt for a Systematic Transfer Plan (STP). An STP is a method that allows you to transfer a fixed amount every month from the debt fund to an equity fund of your choice.

If you have a large sum of money, a lumpsum investment may be an excellent way to go so that you don’t wind up wasting it. As debt funds are less affected by market fluctuations than equity funds, you may invest in debt funds through the lumpsum method. 

 Moreover, if you need to park your money for the short term, say three years, you can invest the entire amount in a debt fund. 

Conclusion:

Whether you need to invest in mutual funds through lumpsum or SIP will depend on your financial objectives and risk tolerance. 

If you are trying to become disciplined with your investments and invest long-term, SIP can be a better option.

However, if you have a sizeable amount to invest in the short term, you may invest the entire amount in a debt fund. However, if you want to invest the amount in an equity fund, you can opt for STP that will shift a fixed amount from the debt fund to the equity fund as per your requirement.

5 factors that helped ICICI Pru Flexicap Fund NFO collect about Rs 10,000 crore

The NFO saw participation from 4 lakh retail investors and 15,000 distribution partners.

The previous record for highest-ever collection by open-ended equity fund was held by Reliance Natural Resources Fund, which had collected around Rs 5,660 crore.

Let us look at the 5 key factors that drove ICICI Pru MF’s mammoth fund-raising.

1. Flexicap freedom

ICICI Pru Flexicap has a market cap allocation plan of 50-100 per cent for large-caps and 0-50 per cent for mid- and small-caps. But as per its model, the fund may start with 75-80 per cent in large-caps and the rest in mid- and small-caps. From a risk-reward perspective, flexicap funds fall in the middle of the diversified space (moderate) compared to multicap funds. Flexicap funds offer low potential risks relative to investing more in mid- and small-caps. The new flexicap fund offers higher large-cap exposure i.e. more perceived safety at all times.

2. Distribution muscle

ICICI Prudential MF has ICICI Bank has its sponsor, the other one being Prudential. ICICI Bank has arguably one of the most potential distribution platforms in the country. For this NFO alone, 15,000 distributors actively helped. ICICI Bank has over 5,000 branches. That apart, ICICI Pru MF has an investor base of over 7 million. All this mean that selling the NFO through these platforms can bring big results and that has showed up in this NFO case.

3. Switches from existing ICICI Pru funds

Another factor that may have played a big role in the ICICI Pru Flexicap collection are the switches from ICICI Pru MF funds. NFOs usually allow existing investors to switch money between schemes. This may have happened in this case. For the AMC, this ensures two things. One, the NFO gets more money. Two, the assets under management stays in the same AMC instead of going out in the case of redemptions. Given the freedom in the flexicap model, it would have been easier to convince new and existing investors to pump money in the NFO. Typically, thematic NFOs are riskier. But a flexicap structure is much more safe.

4. Track-record

The scheme is being managed by Senior Fund Manager Rajat Chandak and overseas investments will be managed by Fund Manager Priyanka Khandelwal. ICICI Prudential Mutual Fund has one of India’s largest and experienced investment and research team led by S Naren, who is well known for his calls on macros and market cycles. While Naren has beeen around for a long time, in terms of his investment calls he has been a legend of sorts. He called the 2008-09 crash correctly. Over the last 2 decades, the fund-house by the dint of its reputation has garnered Rs 4.3 lakh crore across nearly 70 schemes. So, this would have given an additional comfort to Flexicap fund new investor.

5. FOMO

Indian markets have been performing well. Valuations are no longer cheap. However, stock markets have not corrected despite what naysayers have said. When the Sensex crossed 50,000, people expected markets to crash. That didn’t happen. Covid, slowdown, Fed rate hike, oil prices…almost everything has been hurled at the bulls but markets have stayed their course. Today, the Sensex is pushing 53,000. Hence, Fear Of Missing Out – FOMO – is extremely high. FOMO has played out many times. Yet, many investors have tried to remain sidelines. Thus, when a fund-house with a good vintage comes with a reasonably sound investment strategy in a flexicap fund structure, it is natural that investors suffering from FOMO will try to go all out.

NFO review: Navi Mutual Fund launches lowest-cost Nifty 50 Index Fund

Navi Mutual Fund, part of Sachin Bansal’s BFSI group Navi, has announced the launch of Navi Nifty 50 Index Fund, an open-ended equity scheme which would replicate the Nifty 50 Index.

The fund will have the lowest cost compared to any other index schemes in the passive funds category. The 10-day NFO will open on 3 July 2021 and close for subscriptions on 12 July 2021. Read on to know more details.

Index funds

All funds have professional portfolio managers. With an index fund, investors don’t need to pay more for getting the expertise to hand-pick stocks. The real benefit to the investor is brought by lowering the expense ratio while still providing the same quality professional portfolio management through index funds.  

The launch of this low-cost index fund comes at a time when many AMCs have been steeply hiking their expense ratios. Incidentally, US markets have seen a huge growth in the passive space, with passive funds contributing to nearly 40 per cent of AUM and the largest US AMC, Vanguard focusing on providing low-cost investment options.

Key NFO details

● Navi Nifty 50 Index Fund is an open-ended equity scheme replicating/tracking Nifty 50 Index

● Lowest expense ratio as of today in the passive funds category / equity market at 0.06 per cent (direct plan)

● Minimum application amount is Rs 500 and in multiples of Re 1 thereafter
● Fund manager is Girish Raj
●  Since the scheme invests in Nifty 50 index, market volatility is relatively less compared to mid and small caps.

USP

The 0.06 per cent expense ratio proposed to be charged by Navi Nifty 50 Index Fund for its direct plan offering, is the lowest in the index schemes category so far.

For index funds, the category average expense ratio is 0.25 per cent and many existing index funds are charging expense in the range of 0.15 per cent to 0.20 per cent.

Navi’s new scheme would be suitable for investors who are seeking long-term capital appreciation, investment in securities covered by Nifty 50 Index and access to the growth of market leaders.

Fund-house speak

Commenting on the new fund, Saurabh Jain, MD and CEO, Navi AMC Limited said, “Working with our partners and leveraging our technology background, Navi has lowered the cost to 0.06 per cent for the direct plan offering, which is the lowest in the index schemes category, as of today. Our goal is to be able to keep providing investment opportunities to investors at the best possible cost.”

Competitor offerings

Index exchange traded funds (ETFs) are among the cheapest ways to play indices. Then, comes index funds. Among index ETFs, SBI ETF Nifty 50 (0.07 per cent), SBI ETF Sensex (0.07 per cent), ICICI Pru Nifty ETF (0.05 per cent), HDFC Nifty 50 ETF (0.05 per cent), ABSL Nifty ETF (0.05) per cent are among the cheapest. These are regular plan expense ratios.

Cost not everything

Investors need not rush to invest in NFOs just because they are low-cost. It is important to wait and watch to see how an index fund tracks the index.

Since the Navi Nifty 50 Index Fund has no track record, investors should focus on how the fund actually tracks Nifty movement and if it does with little variation (minimal tracking error). Tracking error is the difference between the returns of the passive fund and that of the benchmark, at the end of the chosen investment period. A small tracking error indicates that the fund tends to follow the benchmark very closely.
Do note that small asset index funds may find it more difficult to closely track an index due to impact of inflows and outflows and the cash component involved.

BSE vs NSE: How are they different

Stock market or equity investors in India can trade in any of the regional stock exchanges or the National Stock Exchange (NSE). The most sought-after stock exchange is the Bombay Stock Exchange (BSE). NSE is as popular as BSE. These are two of the biggest stock exchanges in India and are available all over India. The bulk of the trading volume in the country happens on these stock exchanges. BSE and NSE are among the largest stock exchanges in all of Asia right after Japan, China, and Hongkong.

Traders and investors investing in stocks often don’t know the differences between these exchanges. Here’s all the info you need on them. 

What are stock exchanges?

Companies raise money by issuing shares to the public. Once the shares are issued, they are listed on the stock exchange where investors get an opportunity to sell or buy shares. Stock exchange is the place where all shares get traded. These are regulated by the Securities Exchange Board of India (SEBI). You can trade in stocks by opening a demat or trading account with a depository participant or stockbroker.

What is NSE?

This stock exchange was founded in the year 1992. It is India’s biggest stock exchange in terms of market capitalization and volumes. The NSE was the first stock exchange to introduce electronic and fully automated trading for Indian investors. Earlier, there was paper based trading and a physical share certificate was provided. Now, after the NSE started an electronic system of trading, all trades are automated. 

The stock exchange has the popular benchmark index NIFTY 50. The NIFTY index derives its value from 50 of the biggest companies listed on the stock exchange (in terms of market capitalization). These are the most frequently traded companies listed on the NSE. When it comes to the number of contracts traded, NSE is one of the world’s largest stock exchanges in the derivatives segment.

What is BSE?

The Bombay Stock Exchange (BSE) started its operations in the year 1875. Earlier it was called “The Native Share & Stock Brokers Association.” BSE is one of the oldest stock exchanges in Asia. The BSE shifted from the physical share trading system to fully electronic trading (BOLT) only in 1995.

The popular Sensex which is considered as the Indian stock market benchmark is part of the BSE. This index was first introduced in the year 1986. The index has the top 30 companies that are listed on the BSE in terms of market capitalisation.  

Differences between NSE and BSE

·      When it comes to global stock exchange rankings, BSE is ahead of NSE as it is one of the oldest stock exchanges. 

·      From the time of its launch, NSE has been a fully electronic stock exchange encouraging paperless trading system. 

·      In the derivatives contracts segment, NSE has monopolized the entire segment. NSE indices, the NIFTY 50 and Bank NIFTY, are popular and are the most highly traded contracts in the derivative segment in India. 

·      The NSE has more than 1600 companies listed, while the BSE has more than 4700 companies on its exchange.

·      Even though the BSE is the only listed exchange in India, NSE is coming up with its Initial Public Offering (IPO). The BSE is listed on its rival stock exchange platform, the National Stock Exchange. While NSE also had plans of getting listed on a stock exchange, it unfortunately never came to pass due to several legal hurdles.

Conclusion          

Both the BSE and the NSE are among the best stock exchanges in the world. However, with a greater number of listed companies, BSE is the ideal platform for beginners. For experts, the NSE has an excellent repertoire of derivative contracts. 

If you are a beginner to equity investing, then try investing in mutual funds and learn the ropes. Wealthzi can help you start.

81 lakh mutual fund accounts added in FY21; MF AUM stands at Rs 31.4 lakh crore

In the financial year 2021, over 81 lakh investors opened their mutual fund accounts. It’s nearly 23,000 accounts per day or about 1,000 accounts per hour. With the massive addition of MF accounts, the total number of mutual fund investors in the country now stands at 9.78 crore.

The over 81 lakh accounts added in FY21 is much higher than the mutual fund industry adding 72.89 lakh investor accounts in the financial year 2020, according to the data by the Association of Mutual Funds in India. Experts are now hoping that the healthy growth in the mutual fund industry would continue in the ongoing financial year, as markets and economy stabilise.

Corporate earnings gained momentum in the post Covid unlocking era with the optimism fuelled by higher consumption spends in the festive season. Q3FY21 earnings were ahead of estimates as corporates benefited from lower raw materials cost, higher volume growth and leaner cost structure. Going forward, experts expect Nifty earnings to grow at 24% CAGR in FY21E- 23E. This earnings momentum is likely to provide support at lower levels.

“The recent correction of 7-8% in the headline indices as well as broader markets is a normal healthy correction and should not be construed as negative. Investors should use the current fall as a buying opportunity. Multicap funds are better placed to capitalise on the broader recovery, going ahead,” says ICICIDirect.

Investors are increasingly acknowledging the importance of making investments in mutual funds for meeting financial goals both long term and short term.

The mutual fund industry AUM at the end of March 2021 stood at Rs 31.4 lakh crore. The AUM of open ended equity funds is now at Rs 9.79 lakh crore in March 2021, with flows into equity funds witnessing a turnaround with inflows at Rs 9,115 crore in March 2021. Equity funds had seen outflow for the eight consecutive month till February.

The rally in the equity markets has been well diversified with sector rotation in play in last few months. The sectors or segments like infrastructure, PSUs which lagged behind in the early part of the rally, have started to gain traction indicating the healthy trend of sector rotation.

Pharma funds and global funds have underperformed in the last few months after their significant outperformance last year. Midcap and small cap funds remain outperformers as broader markets continue to recover with better growth prospects as economy recovers in the post Covid era.

Equity investors who stuck to their asset allocation plan and those who continued their regular investment through SIP otherwise stand out as winners now as the market recovered from the volatile year of 2020.

The equity market fall in March prompted inflows into equity funds indicating maturity among retail investors. In debt funds, almost all category of funds except liquid/low duration/money market funds witnessed outflow due to financial year-end requirements as rising yields made investors cautious.

The balanced advantage or dynamic asset allocation funds AUM is now above Rs 1 lakh crore. The balanced advantage category is gaining popularity as asset allocation funds at current higher level are attracting higher investor interest.

How SEBI’s new dividend norms will affect your investment in dividend plans

From April 1, SEBI’s new norms require dividend given by fund-houses to be segregated as income distribution (appreciation in net asset value, or NAV) and capital distribution (equalisation reserve) in the consolidated income statement. However, it seems that the MF industry finds it difficult to implement the rules at the investor level, and fears this could lead to taxation issues.

In the past, several hybrid funds were missold to investors with the promise of regular dividends and therefore the regulator is revamping the practice. But to understand the current situation, one needs to know the full picture.

SEBI has introduced labelling norms for the dividend options of mutual funds which came into effect from April 1, 2021. Under the new norms, mutual funds are renaming dividend options as income distribution cum capital withdrawal. Previously, the dividend options available were Dividend payout, Dividend reinvestment and Dividend transfer plan. Now, Dividend Payout will become Payout of Income Distribution cum capital withdrawal option. Dividend Reinvestment will become Reinvestment of Income Distribution cum capital withdrawal option. And, Dividend Transfer Plan will become Transfer of Income Distribution cum capital withdrawal option.

The bone of contention are terms such as capital distribution. This term, for example, may be interpreted differently by tax authorities and could pose challenges to investors. Also, fund-houses can face compliance challenges in deducting tax at source, which may cause disputes with investors.

Fund industry says segregation of income and capital distribution is done at the fund level in developed markets. Micro managing at investor level will lead to more issues.

Fund-houses want the terminology proposed by SEBI to be reviewed. They feel words such as ‘capital’ and ‘income’ should be replaced by something more appropriate so as to ensure that there are no adverse tax implications.

From a tax perspective, income distributed by MFs is taxed in the hands of investors and so TDS comes into play. So, its a Catch-22 situation. If MFs do not deduct TDS from the capital distributed among investors, the overall tax collection could fall. But If MFs choose to deduct tax on the entire quantum of distribution, there may be a TDS mismatch for investors.

There is some ambiguity with respect to the tax treatment of capital returned to investors. Plus, there is also uncertainty on whether investors will be able to adjust the cost of acquisition of the units and avail indexation benefit.

Unit holders of 6 Franklin MF debt funds to get Rs 2,962 crore this week

SBI MF, the liquidator of the 6 Franklin Templeton MF debt funds being wound up, is going to distribute Rs 2,962 crore to unit holders across all 6 schemes. The payment to all investors whose accounts are KYC compliant with all details available will be made during the week of April 12, 2021.
“The Hon’ble Supreme Court has…taken note of the Standard Operating Procedure (SOP) finalized by SBI MF in consultation with Franklin Templeton and SEBI to monetize assets of these schemes and distribute the proceeds to unit holders. Further to the distribution of Rs 9,122 crore across 5 schemes in February 2021, we are pleased to inform you that SBI MF would be distributing the next tranche of Rs 2,962 crores to unit holders across all 6 schemes,” a Franklin Templeton spokesperson said. 
The amount to be paid to unit holders will be calculated as per the below table and will be paid by extinguishing proportionate units at the NAV dated 9 April 2021. 

Accordingly, the units held by FT MF investors in the scheme will reduce to that extent. Post this payout, the six schemes would have paid the above mentioned percentages (column D) of their AUM as on April 23, 2020.
The amount payable to unit holders of the respective schemes will be in the same proportion of the unitholder’s portfolio value, prior to extinguishment, as of April 9, 2021. The same proportion of units will also be extinguished as per the scheme-wise plan level NAV as on  April 9, 2021. 
The payment will be made electronically to all eligible unit holders by SBI MF. In case the unit holders’ bank account is not eligible for an electronic payment, a Cheque/Demand Draft will be issued and sent to their registered address by SBI MF. Further, unit holders whose distributable amounts are less than Re.1 will not receive any payments. 
Please note that the distribution for the unit holders, whose PAN/KYC, FATCA/UBO, Minor through guardian or Transmission details / documentation are not available/ invalid, will be made after completion of the regulatory/ compliance requirements. 
Investors are requested to complete these formalities so that payments can be released at the earliest.

Investing in mutual funds or repaying a loan, which is better?

When people get surplus money such as their annual bonus, they may splurge. However, there are people who want to invest the money to build wealth while some use it to repay their loans. You need to think about whether you should repay your loan or invest the money in mutual funds. Here’s an analysis of what may be beneficial.

Repaying your loan

Before you decide to prepay your home loan, it is necessary that you assess your finances required for your financial goals such as the education needs of your children. Your financial goals are more important, especially if you need to achieve them in a couple of years. However, if you have been saving your financial goals, repaying your loan might be beneficial.  

The earlier you repay your loans, the more the interest that you can save. How? Let’s say you have a loan of Rs. 14,00,000. The loan tenure is 25 months and the interest rate for the loan is 12%. Your EMI for the loan will be Rs. 63,569. The principal will be about Rs. 49,000 while Rs. 14,000 will be the interest amount. 

If you have Rs. 1,00,000 with you and want to prepay the loan, you can save on the interest payment. If you prepay the loan at the end of 14 months using the Rs. 1 lakh, you will save interest of Rs. 11,092 and the loan tenure will get reduced by 1 month. Note that the earlier you prepay your loan, the more the interest you save. This is because the interest payment is higher initially as more principal amount has to be paid. So, if you prepay the loan in the above example even earlier at the end of 9 months, you will save interest of Rs. 16,700.

However, the amount saved might be less if the interest rate is less and the loan amount is low. That’s why investing the money might be more beneficial. 

Another important benefit that you need to note is that home loans provide you with tax benefits. If you prepay your loans, you might have lesser tax benefits in the long run. You need to understand if the loan is giving you tax benefits and the amount of taxes you are saving before you prepay the loan so that your savings are more. If you have other investments for your tax savings, you can consider prepaying your loan. 

Investing in mutual funds

If you invest Rs. 1,00,000 in mutual funds and you are getting a return of 11%, you will get Rs. 2,83,942. This is if you remain invested for 10 years. If the returns from mutual funds is much higher at 14.5%, then you will get Rs. 3,87,307 after 10 years. Investing in equity mutual funds will get you more returns than investing in debt funds. You can use the amount that you have invested to repay your loan. 

This will work out really well if the return from your mutual fund investment is much higher than your loan interest rate. For instance, if your loan interest rate is 9% and you can get 14% from your investment, you can actually invest the money and use the savings to repay the loan in the long run. 

Note that if you don’t have any investments to meet your financial goals, you should invest the money even if you have loans running. However, if you have many loans, it is good to repay some of them and then start investing for your financial goals. 

Prepaying the loan and investing the money

If you have a good amount of money, you can consider prepaying your loan and then investing the rest of the money. For instance, if you have Rs. 4,00,000, you can use more money to prepay your loan. This way you can save on the monthly loan instalments and also build wealth in the long run. If the loan amount is higher and the interest rate is more, you can consider paying more for the loan. However, if you are getting tax benefits for the loan or if the loan amount is low, you can invest more money in mutual funds rather than prepaying more of the loan. 

Looking for mutual funds to invest? Click here to invest in the best of mutual funds.

HSBC Global Equity Climate Change Fund of Fund NFO: Should you invest?

HSBC Asset Management (India) has launched HSBC Global Equity Climate Change Fund of Fund (HGECF/the scheme) – an open-ended scheme investing in HSBC Global Investment Funds – Global Equity Climate Change. The new fund offer (NFO) opened for subscription on March 3 and will close on March 17. This is the first-of-its-kind, fund of fund investing in an underlying fund which has a thematic focus on climate change. Read on to know more details.

About the fund

HSBC Global Equity Climate Change Fund of Fund (HGECF) will invest predominantly in the units of the HSBC Global Investment Funds – Global Equity Climate Change (the underlying fund). The scheme may also invest a certain proportion of its corpus in money market instruments and / or units of overnight / liquid mutual fund schemes, in order to meet liquidity requirements from time to time.

Do understand that the underlying fund – HSBC Global Investment Funds – Global Equity Climate Change – has identified nine sub-themes to address the challenges ranging from renewable energy and energy efficiency to clean transportation and natural capital. The potential investments are selected for alignment with the theme, including their carbon footprint and ESG score are checked. In addition, the holdings are diversified geographically with investments in both developed and emerging markets and all nine sub-themes.

The underlying fund undertakes detailed ESG assessment and once it is satisfied that the company has an enduring business model and a sustainable growth path the company’s stock is available for inclusion in the portfolio. The underlying fund maintains a focused portfolio of 40-60 stocks. At the moment, Energy remains bigger part of the portfolio but other themes are expected to gain. The top 10 holdings are Prysmian, Infineon Tech, Schneider Electric, Ecolab, Neste, EDP Renovaveis, Azbil, Deere & Co, Ball and Trane Technologies. The portfolio ESG score is 20 per cent greater than MSCI ACWI.

Talking about the underlying fund Angus Parker, Head of Developed Markets Equity Team, HSBC Asset Management, London, said, “HSBC Global Investment Funds – Global Equity Climate Change has a thematic focus on climate change. It invests in companies that may benefit from the transition to a low carbon economy by having a higher environmental, social, and governance rating compared to the broader global equity market. With investments in global equities, the fund offers the necessary risk diversification over the long term and can support the delivery of sustainable risk-adjusted returns.”

Fund details

Fund manager of FoF – Priyankar Sarkar

Benchmark – MSCI AC World TRI

Exit – load – 1 per cent if redeemed within 1 year

Minimum NFO investment – Rs 5,000

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#Acquisition#BandhanBank#beta#education#educationplan#flexicapfund#HDFC #HDFCbank #Merger #MutualFunds #bankmerger#IDFCMutuaFund#internationalstocks#investment#investmentforchildren#investmentforchildseducation#investmentplan#investmentstrategy#investor#Merger#millennialsinvesting#mutualfunds#ParagParikh#ParagParikhFlexiCap#portfolio#portfolioturnover#PPFAS#sharpe#standarddeviation#stockmarket#stocktrading#trading#USstocks$GME116 crore2020-21 Series XI SGB issue503020rule769 croreAAAAAA bondsAAA credit ratingAAA ratingaadhar mobile number updateAbakkus Asset ManagementAbakkus Emerging Opportunities Fund - 1Abakkus fund performanceAbakkus Growth Fund - 1 (AGF)Abakkus LiquidABSL AMC IPOABSL AMC IPO GMPABSL Equal Weight Nifty FundABSL India GenNextABSL MFABSL MF Fixed Term PlanABSL MF FTPABSL Nifty Healthcare ETFABSL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index FundAcquisitionAditya Birla CapitalAditya Birla GroupAditya Birla SL Tax Relief ‘96Aditya Birla Sun Life AMCAditya Birla Sun Life AMC grey market premiumAditya Birla Sun Life AMC IPOAditya Birla Sun Life AMC IPO GMPAditya Birla Sun Life AMC listingAditya Birla Sun Life Business Cycle FundAditya Birla Sun Life ESG FundAditya Birla Sun Life Fixed Term PlanAditya Birla Sun Life Frontline Equity FundAditya Birla Sun Life MFAditya Birla Sun Life MF IPOAditya Birla Sun Life Multi-Cap FundAditya Birla Sun Life Multi-Cap NFOAditya Birla Sun Life Mutual FundAditya Birla Sun Life Nasdaq 100 FOFAditya Birla Sun Life Nifty Healthcare ETFAditya Birla Sun Life TrusteeaggressiveAIF performanceAIF strategyAIFsaisAK Wealth Credit AlphaAK Wealth Credit EaseAkshaya tritiyaakshaya tritiya 2021Akshaya tritiya goldAlchemy Liquid StrategyAlchemy PMSAlibabaAlice WaltonAlphabetAlternative Investment FundsAmazonAmbit Asset ManagementAmbit Coffee Can PMSAmbit Emerging Giants PMSAmbit Good and Clean PMSAMCAMC stockAMFIAMFI DataAMFI MF dataAMFI monthy dataAmi Organics IPOAmundi FundsAmundi US Pioneer Fundand BNP Paribas Mutual Fund was Rs 9and overseas fund-of-fund categories. The merger aims to provide services to more than 1 million investors and 10and the remaining 49.9% of the stake will be held by BNP ParibasAndy FangAnnual information statementAntony Waste Handling Cell LtdAnupam Chemical IPOAnupam Rasayan IPOAnupam Rasayan listingAnupam Rasayan valuationAppleaqua fundArbitrage Fundsas well as to grow our distribution networkAshoka BuildconASK Growth PortfolioASK India Select PortfolioASK Indian Entrepreneur PortfolioASK Liquid StrategyASK PMSAsset Allocationasset allocation fundAsset ManagementAsset Management CompaniesAT1 BondsATMaugmont appaugmont goldAustin Russellax Loss Harvesting IndiaAxis AAA Bond Plus SDL ETFAxis AAA Bond Plus SDL ETF 2026 MaturityAxis amcAxis Balanced AdvantageAxis Bluechip FundAxis Bluechip Fund GrowthAxis Dynamic asset allocationAxis Dynamic EquityAxis Floater FundAxis Global Innovation Fund of FundAxis Healthcare ETFaxis long term equity fundAxis MFAxis MF NFOAxis Multicap FundAxis Multicap NFOAxis Mutual Fundaxis mutual 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FundEnam India Core EquityEnam India Diversified Equity AdvantageENAM India EquityEnam PMSEPFEPF contributionEPF interestepf interest rateepf interest rate 2020 21EPF interest taxepf interest tax budgetepf interest tax rateepf interest taxable budgetEPF taxepf taxation budget 2021epfoEPSEqual Weight Index FundEqual Weight IndicesEquirusEquirus Long Horizon FundEquirus PMSEquitasEquityequity exposureequity fundEquity FundsEquity Investingequity linked saving schemeEquity Marketsequity mfEquity mutual fundsEquity Savings Fundsequity schemeEquity-Oriented Hybrid FundsequityfundserupiESG FundESG FundsESG MFETFETFsEtherEther coimethical fundEthical investingethical pmsEVCEVC in ITREvergrandeExchange Trade FundsExchange Traded Fundexchange-traded fundexpense ratioExperianExxaro Tiles IPOFacebookFDfeatures of nse and bseFedFederal Bankfile an Income Tax ReturnfinanceFinance AdviceFinance Bill 2021Finance Bill EPF changeFinance MinisterFinance Ministryfinancial advice for 20-year-oldsFinancial 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FundFranklin India Low Duration FundFranklin India Prima FundFranklin India Short Term Income PlanFranklin India Ultra Short Bond FundFranklin investmentfranklin investor fundFranklin MFFranklin mf debtFranklin mf debt fundsFranklin MF money returnFranklin MF paymentFranklin MF payoutFranklin MF Supreme Court case updateFranklin MF VotingFranklin NAVfranklin paymentfranklin payment to investorsFranklin TempletonFranklin Templeton Debt FundsFranklin Templeton IncFranklin Templeton MFFranklin Templeton Mutual FundFranklin Templeton scandalFranklin Templeton sebi auditFranklin Ultra ShortFranklin Ultra Short Bond FundFranklin winding upFSN E–CommerceFSN E–Commerce IPOFSN E–Commerce IPO detailsFSN E–Commerce NykaaFTFT legal case updateFT sagaFTIL MFFTMFFTSE EPRA Nareit Asia ex Japan REITs IndexFtxFund AnalysisFund of Fundfund of fundsFund Rating Fund Returnsfund-housesfund-raisingfundfactsheetfundfactsheetreadingfundreadingfundreadingreadingfundresearchfundsG R Infraprojects IPOG R 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Index Fund Nifty 50 PlanHDFC MFHDFC MF NFOHDFC Mid-Cap Opportunities FundHDFC Multi Cap FundHDFC Multicap FundHDFC Mutual FundHdfc Small CAP Fund Regular GrowthHDFC TaxSaverHealth InsuranceHealth insurance policyhealthcare mfHealthcare mutual fundHealthcare sectorhealthinsuranceHedge fund gamestopHedge FundsHeranba IPOHeranba IPO allotmentHeranba IPO grey market premiumHeranba IPO listingHeranba IPO stock priceHeranba IPO subscribeHermesHigh incomehigher than bank fdHighest Dividend Paying Stocks in IndiaHighest Dividend Paying Stocks in IndiaHNI InvestingHome First Finance IPOHome First Finance Public IssueHome First Finance Public OfferHome Loanshousing loanhow much foreign income is tax free in indiahow much to invest at 30how to calculate capital gain on sale of assetsHow to calculate income taxHow to calculate indexationhow to change mobile number in aadharHow To Check PE Ratio of Stockhow to choose a home insurance policyhow to choose home insurancehow to download aadhar without 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FundIcici Prudential Bluechip Fund GrowthICICI Prudential Business Cycle FundICICI Prudential Consumption ETFIcici Prudential Equity and Debt Fund GrowthICICI Prudential Flexicap FundICICI Prudential FMCG ETFICICI Prudential FMCG Exchange Traded FundICICI Prudential FMCG FundICICI Prudential Healthcare ETFICICI Prudential Healthcare ETF NFOicici prudential mfICICI Prudential MF NFOICICI Prudential Mutual FundICICI Prudential NASDAQ 100 Index FundICICI Prudential Nifty Index FundICICI Prudential PSU Bond plus SDL 40:60 Index Fund -– Sep 2027ICICI Prudential QUANT FundICICI Prudential S&P BSE 500 ETF FOFICICI Prudential Value Discovery FundIDFC AMCIDFC Floating Rate FundIDFC Low Duration FundIDFC MFIDFC MF NFOIDFC Money Manager FundIDFC Multi Cap FundIDFC Mutual FundIDFC US Equity Fund of FundIDFC US Equity Fund of Fund NFOIIFL Home Finance bondsIIFL Home Finance bonds interest ratesIIFL Home Finance NCDsIIFL MF NFOIIFL Multicap PMSIIFL PMSIIFL Quant FundIncome fundsIncome TaxIncome Tax 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TechnologyInfrastructure mutual fundsInitial Public Offerinitial public offeringInstant Personal LoanInsuranceInsurance ClaimsInsurance for DisabledInsurance portinginterestInterest Incomeinterest on contributioninterest rateinterest rate hikeinterest rate hike affectinterest rate movementInterest RatesInternational FundsInternational Mutual FundsInternet IPOInternte ComputerInvesco CoinShares Global Blockchain UCITS ETFInvesco Global Consumer Trends Fund of FundInvesco IndiaInvesco India CoinShares Global Blockchain ETF Fund of FundInvesco India Contra FundInvesco India ESG Equity FundInvesco India Medium Duration FundInvesco Medium Duration Fund NFOInvesco MF NFOInvesco Mutual FundInvesco NFOInvest in LIC IPOInvest in LIC IPO?invest in mutual fundsinvestingInvesting AbroadInvesting for RetirementInvesting in Foreign Stocksinvesting in LIC IPOinvesting under 30investmentInvestment AdviceInvestment AppsInvestment options for childinvestmentplansInvestmentsInvestments for 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Stockslow volatility fundlow volatility stocksLRSLTCLTCGLTCG in Mutual FundLuminar Technologieslumpsum investmentMacrotech Developers IPOMacrotech IPOMahindra Manulife Asia Pacific REITs FOFMahindra Manulife Asia Pacific REITs Fund of FundManulife Global Fund Asia Pacific REITMarcellus PMSMarch 2021 inflowsMark ZuckerbergMedical InsuranceMedium Duration Debt FundsMedium Duration FundMedium Duration FundsMelvin CapitalmergerMergersMergers and Acquisitionsmfmf accountMF DataMF holdingsMF industry datamf investor amc interestmf key employees alignmentMF NFOMF Offer DocumentsMF RegulationsMF Returnsmf skin in the gamemf stock holdingsMicrosoftMidCapMidcap FundMidcap Fundsmidcap stocksmidcapsmillennialsmillennialsinvestmillennialsinvestingMindspace Business Park REITminimum investmentMIPMirae AssetMirae Asset Banking and Financial Services FundMirae Asset Corporate Bond Fundmirae asset dynamic bond fundMirae Asset Emerging Bluechip FundMirae Asset ETFMirae Asset FANG+ ETFMirae Asset FANG+ ETF Fund of Fund.Mirae Asset Fundmirae asset fund growthmirae asset fund navmirae asset fund valueMirae Asset Great ConsumerMirae Asset HealthcareMirae Asset Healthcare and DSP Healthcaremirae asset hybrid equity fundMirae Asset Hybrid Equity Fund Regular GrowthMirae Asset Large Capmirae asset large cap fundMirae Asset MFMirae Asset MF NFOmirae asset midcap fundmirae asset midcap fund mirae asset tax saver fundMirae Asset Mutual FundMirae Asset NFOMirae Asset Nifty Financial Services ETFMirae Asset S&P 500 Top 50 ETFmirae asset stockmirae asset tax saver fundMirae MF NFOmirae multi asset fundmirae share priceMomentum fundMomentum investing indiaMomentum MFmomentum strategy indiaMoneyMoney Market FundsmoneymotivationMonthly Income Plansmotilal MFmotilal oswalMotilal Oswal 5 Year G-Sec ETFMotilal Oswal 5 year G-Sec FofMotilal Oswal 5 year G-Sec Fund of FunMotilal Oswal 5 year GSec fundMotilal Oswal MSCI EAFE Top 100 Select Index FundMotilal Oswal NASDAQ 100 ETFMotilal Oswal Nasdaq 100 FOFMotilal Oswal PMSMotilal Oswal PMS Value StrategyMotor Insurance Claim Rejectedmpc resultMrs Bectors Food SpecialtyMTAR IPOMTAR IPO grey market premiumMTAR IPO listingMTAR IPO reportMTAR IPO reviewMTAR IPO valuationMTAR stock priceMTAR TechnologiesMTAR Technologies IPOMukesh Ambanimulti assetmulti asset allocation fundMulti Asset FundsMulticap Fund RulesMulticap FundsMuthoot Financemutual fundMutual Fund Investing OnlineMutual Fund NAVMutual Fund NAV DateMutual Fund NFOmutual fund portfolioMutual Fund RankingsMutual Fund Returnsmutual fundfundamentalsMutual FundsMutual Funds DataMutual Funds for NRIsmutual funds performanceMutual Funds ReturnsmutualfundfundamentalsMutualFundsNACHNarendra ModiNasdaq 100Nasdaq 100 fundNasdaq FundsNational Saving CertificateNational Stock ExchangeNAVNavi Mutual Fundnavi mutual fund nfonavi nfoNazara IPONazara IPO allotmentNazara IPO gray market premiumNazara IPO grey market premiumNazara IPO listingNazara IPO priceNazara IPO reviewNazara Rakesh 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ETF SensexSBI Healthcare OppSBI Healthcare Opportunitiessbi index fundSBI International AccessSBI MFSBI MF NFOSBI Mutual FundSBI new fundSBI Nifty Index Fund and Franklin India Index Fund NSE NiftySBI Nifty Next 50 Index FundSBI Retirement Benefit FundSBI US Equity FOFScheme Information DocumentScient Capital AriesScient Capital OrionSCSSSDLSDL Index FundSDLsSDSDCASEBISEBI Franklin OrderSecondary Market BondsSection 10DSection 80CSection 80c best fundSection 80CCD (1B)Section 80DSector Fundssectoral fundSelf Assessment Taxsell equitySenior Citizen Savings SchemeSensexsensex 60kSGBSGB new bondssgb new issuesgb new offeringSGBsshare delistingshariah investingshariah mutual fundshariah pmsShimao Hong Kong Zhuhai Macao Port CityShort SqueezeShort TermShort Term Capital GainsShort Term Capital Gains TaxShort Term Capital LossesShort Term FundsShort term investmentsshould i invest in stocks nowShyam Metalics and Energy IPOShyam Metalics IPOSIPsmall cap fundsSmall Savings Interest RateSmall 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Saving FundsTax Saving OptionsTax-loss Harvesting DateTaxationTDStds indiaTechno ElectricTechnology Mutual FundTerm InsuranceterminsuranceTeslatesla bitcoinTetherthe Bank of Baroda and BNB Paribas have merged to become Baroda BNB Paribas Mutual Fund. 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