An update by @FTIIndia . Do not believe unsubstantiated claims by unknown entities like CFMA.
By their own admission, none of their Members were Unit Holders of affected schemes. On what basis are they mis-guiding Investors and getting involved? Only Investors are suffering
When will Investors realise the futility of the legal path they are pursuing instead of letting the Fund House manage winding up of schemes and start repaying
It is visible for all to see that these schemes are now cash +ve with almost 8000 crs having been raised till now
Following these unknown entities who claim to be working in their interests is the biggest folly of Investors.
Wake up to reality, remove all legal cases, start receiving your funds and move on in life.
I have been shouting from roof tops ever since this FT saga unfolded to vote for winding up. Any other route is only detrimental to their interests
Disclaimer: I am not speaking on behalf of @FTIIndia, but speaking in the best interests of the Investors who seem to be misguided
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Some hits & misses in the Budget presented by @nsitharaman :
Hits: 1. Sticking to Fiscal consolidation path, this year 4.9% of GDP going down to 4.5% next FY 2. Youth employment, skill development, internship program - to benefit 1 cr youth 3. Infra spend of 11.11 lac cr by Govt
4. Economy to grow at 6.5 to 7% - highest among global economies 5. Direct & indirect taxes collection buoyancy to continue
Misses:
1. No steps to boost slowing consumption 2. Personal tax slab tinkering to give only 17.5k in hands of tax payers
3. To curb trading & F&O, they have not only increased STT but also increased STCG & LTCG 4. This will dissuade financialization of household savings & investing in markets 5. Cannot compare with developed economy and follow them blindly 6. Very limited impact on tax collections
MisterBond's #RollOfHonour for various #Debt scheme categories for the year ending on March 31'2023.
#IHR - Investor High Returns Score - Higher Returns in Higher Bands #IER - Investor Experience Returns Score - IHR divided by Std Deviation #BI - Beating Industry Average
MisterBond's #RollOfHonour for various Equity scheme categories for the year ending on March 31'2023.
#IHR - Investor High Returns Score - Higher Returns in Higher Bands #IER - Investor Experience Returns Score - IHR divided by Stabd Deviation #BI - Beating Industry Average
Hybrid category will start becoming popular with more than 36% in Equity.
Expect more such offerings from #AMCs. Brace for more #volatility in New offerings.
No implications if you continue to hold your existing #DebtPortfolio. Only if you invest fresh funds post 1 April 2023, there will be only STCG like #BankDeposits.