Browsing: debt

[ad_1] As gilt funds have started looking attractive, investors are gradually betting on them for higher long-term returns. In the six months to June this year, these funds have reported net inflows of Rs 5,530 crore as compared with net outflows of Rs 1,254 crore during the same period last year. Gilt funds are a type of debt mutual fund schemes that invest in government securities issued by the central and state governments of varying maturities. They do not have credit risk but carry interest rate risks. Yields on the longer end are attractive for long-term allocators and investors with…

[ad_1] The unfettered demand for housing across the country has enabled the country’s leading large and listed developers to reduce their debt, reveals an analysis of the financials declared by the top 8 developers engaged in the development of residential real estate. As per ANAROCK Research, the net debt of top 8 listed developers – which include Sobha Ltd, Puravankara Ltd, Prestige Estates, Brigade Enterprises Ltd, Mahindra Lifespace Developers Ltd, Godrej Properties Ltd, DLF Limited, and Lodha Developers (Macrotech) — has reduced from INR 405 billion in FY20 to over INR 230 bn in FY23 – recording a decline of…

[ad_1] The net debt of top eight realty firms fell 43 per cent to Rs 23,000 crore last fiscal, from around Rs 40,000 crore in 2019-20, as their cash flow improved on strong housing sales, according to Anarock. Real estate consultant Anarock noted that the unfettered demand for housing across the country has enabled the country’s leading large and listed developers to reduce their debt. Anarock analysed financial performances of the top eight developers engaged in the development of residential real estate. These developers are DLF, Macrotech Developers (Lodha brand), Godrej Properties, Prestige Estates Projects, Sobha, Brigade Enterprises, Puravankara and…

[ad_1] Indian government bond yields continued to witness fresh highs, after U.S. yields saw the breakout of key technical points on bets of more rate hikes, while fresh supply of debt locally pinned down investor sentiment further. The benchmark 7.26% 2033 bond yield was at 7.1624% as of 10:00 a.m. IST, after ending the previous session at 7.1464%. The yield hit 7.1755% earlier in the day, the highest since April 21. New Delhi plans to raise 390 billion Indian rupees ($4.72 billion) through the sale of debt later in the day. This would be the first auction for this quarter…

[ad_1] By Adhil Shetty Credit cards are popular financial tools; they allow consumers to convert their large purchases into EMIs. This feature also enables cardholders to make expensive purchases more affordable by spreading the cost over several months. Flexible repayment options, such as interest-free periods and the ability to pay the minimum amount due, provide additional financial flexibility to consumers. The recent RBI data show that credit card dues crossed the Rs 2-lakh crore mark in April 2023, which is a significant increase from the previous year. There could be several reasons for higher spends like the rising cost of…

[ad_1] Before we get into this topic, here is some quick background on the taxation change. Capital gains from new investments in Debt Funds are now taxed as per your individual slab rates irrespective of the holding period. Previously, Debt Funds had a taxation advantage over FDs (gains from debt funds held for 3+ years were taxed at 20% post-indexation). This change has put the taxation of Debt Funds at par with FDs. Therefore, the choice between Debt funds and FDs going forward will primarily be made on the merit of the product versus the taxation rate differential. Now, let’s…

[ad_1] Asian stocks surged on Friday as the progress on the bill to raise U.S. debt ceiling and increasing hopes that the Federal Reserve might stand still on interest rates in its next meeting helped perk up investor appetite for risky assets. The U.S. Senate is on track to pass a bill to lift the government’s $31.4 trillion debt ceiling late on Thursday in Washington, Democratic Majority Leader Chuck Schumer said, after the House of Representatives passed the bill on Wednesday. The Treasury Department has warned it will be unable to pay all its bills on June 5 if Congress…

[ad_1] Oil prices rose on Tuesday as the expectations the debt ceiling deal in U.S., the world’s biggest oil user, will spur more demand but fears of further interest rate rises and that OPEC+ will leave output quotas unchanged capped gains. Brent crude futures climbed 35 cents, or 0.5%, to $77.42 a barrel by 0145 GMT after gaining 12 cents on Monday. U.S. West Texas Intermediate (WTI) crude rose 53 cents to $73.20 a barrel, up 0.7% from Friday’s close. There was no settlement on Monday because of a U.S. public holiday. While the debt ceiling deal has spurred buying…

[ad_1] Asian shares and U.S. stock futures rose on Monday, thanks to a weekend deal by U.S. President Joe Biden and House Speaker Kevin McCarthy to suspend the government’s debt ceiling, ending a protracted stalemate and providing some relief for investors. After weeks of negotiations, congressional Republican McCarthy and Biden forged an agreement late on Saturday to avert an economically destabilising default to suspend the $31.4 trillion debt ceiling until 2025. The deal will now have to passes through the narrowly divided Congress. The positive news lifted S&P 500 futures 0.2% in Asia while Nasdaq futures firmed 0.4%. MSCI’s broadest…

[ad_1] Debt can become a significant burden, if not managed properly. It can lead to financial stress, hamper your savings and restrict your future financial goals. To maintain a healthy financial position and avoid falling into bad debts, here are some essential strategies to consider: Prepare a budget Create a realistic budget that outlines your income and expenses. Track your spending habits and categorise your expenses into needs and wants. Allocate funds for necessities such as housing, utilities, and groceries, and set aside a portion for savings. By sticking to your budget, you can avoid overspending on non-essential items. Create…