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Given the impending Lok Sabha elections projected for April to May 2024, the budget is likely to refrain from major declarations. The detailed budget unveiling will take place post elections and the formation of a new government. Here's a look at key sectors that will be in focus this year.
Sood advises retail investors to stick to fundamental investing because it will be hard for them to compete against sophisticated algo firms.
CSR, or Corporate Social Responsibility, involves voluntary actions by businesses to enhance the well-being of their communities. The NITI Ayog annual report highlights that approximately 33% of CSR funds are directly allocated to educational objectives, showcasing the significant role businesses can play in this sector.
Hemant Sood, MD of Findoc, recommends the top investment instruments for senior citizens as NPS, Atal Pension Yojana, and Pradhan Mantri Vaya Vandana Yojana. These schemes offer low-risk or zero-risk investments backed by the government of India. The returns range from 6-7%, with regular interest payments. However, the regular monthly income from these schemes is taxable. Senior citizens should consider tax-efficient investment instruments, such as those linked with insurance, for long-term schemes.
Small-cap mutual funds have delivered impressive returns and are favoured by investors for their potential for large gains. These funds offer diversification and have consistently outperformed large-cap funds. SIP inflows have also reached a record high