MisterBond's #RollofHonour in #Debt schemes as on January 2023 (based on past 12 monthly ranking analysis)
Only difference instead of last 7 year data (in Equity), we collate data over 5 year period and do daily 36 month (vs 60 month in Equity) #RollingReturns analysis:
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.