INVESTMENTS

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• Raise component for ETFs within cap, RBI

  RBI cautious on raising overseas equity limits via mutual funds for risk management. $7bn stock limit, $1bn ETF limit. Indian mutual funds navigating tight regulations, eye international diversification.

  

• As $1b limit nears, MFs told to suspend overseas ETF inflows

  The Securities and Exchange Board of India (Sebi) has asked the Association of Mutual Funds in India (AMFI) to direct fund houses to stop accepting money in the relevant ETF-focused plans. With no indexation benefits on capital gains available on international financial assets, fresh investor demand slowed. This led to the cumulative investments made by international MF plans slide below the overall limits of $7 billion.

  

• As $1b limit nears, MFs told to suspend overseas ETF inflows

  The Securities and Exchange Board of India (Sebi) has asked the Association of Mutual Funds in India (AMFI) to direct fund houses to stop accepting money in the relevant ETF-focused plans. With no indexation benefits on capital gains available on international financial assets, fresh investor demand slowed. This led to the cumulative investments made by international MF plans slide below the overall limits of $7 billion.

  

• Hybrid funds to help cut tax outgo

  ​​Pure debt schemes no longer enjoy indexation benefits after the govt scrapped it in Budget 2023-24, but investments in hybrid funds that have an equity allocation between 35% and 65% are still eligible for it.

  

• Binny Bansal raises bets on investments; 9% avg salary hike for IT industry

  Happy Monday! Flipkart cofounder Binny Bansal is doubling down on his investments in new ventures, including his own startup OppDoor. This and more in today’s ETtech Morning Dispatch.

  

• These investment options can help you create retirement corpus of Rs 5.62 crore

  The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.

  

• Empowering Futures: The Role of Government Policies in Enhancing Financial Literacy

  It would be helpful if the government collaborated with professionally qualified content creators to promote these schemes. This would ensure that the right people get the information, creators get monetised for their work, and more people benefit from these schemes. Furthermore, organizations could make financial literacy training a regular thing, just like they do with townhall meetings or health checkups.

  

• Fintech company Appreciate launches low-cost, fractional global investing platform for domestic investors

  Through the Appreciate app, Indian investors can now access global stocks or fractions of leading global companies such as Microsoft, Tesla, Alphabet, Apple, and Amazon, with investments starting from as little as Re. 1 at an affordable rate. According to its founder & CEO, Subho Moulik, investing in US markets not only offers potential stock market gains but also provides investors with the opportunity to benefit from US dollar appreciation.

  

• Fintech company Appreciate launches low-cost, fractional global investing platform for domestic investors

  Through the Appreciate app, Indian investors can now access global stocks or fractions of leading global companies such as Microsoft, Tesla, Alphabet, Apple, and Amazon, with investments starting from as little as Re. 1 at an affordable rate.

  

• PE-VC investments in startups dropped 11% yoy, deals fell by 33% in 2023: Report

  According to a latest report by EY India, the outlook for India's startup ecosystem remains positive despite the slowdown witnessed in 2023. The underlying strengths of the Indian economy, coupled with a robust founder-investor ecosystem, position the country favorably for future investments.

  

• Tatas' investments in new ventures to cross $90 billion

  Long-term capital infusion approvals have already been secured by Tata Sons' board, officials revealed. The conglomerate had announced plans in the final quarter of 2022 to invest $90 billion in emerging industries by 2027, including mobile components, semiconductors, electric vehicles, batteries, renewable energy, and ecommerce. Read on to know more: