Despite the slump in India’s gross domestic product (GDP) growth rate, Foreign Portfolio Investors (FPIs) have continued to invest in India. Since the time the finance ministry took a number of measures to provide an impetus to the economy’s growth rate, they have engaged in spirited buying. But retail investors need to bear in mind that a strategy that works for may not be suitable for them.


Reforms such as the Goods & Services Tax (GST), Bankruptcy Code, Digital India, Start-up India, Make in India, skill development, affordable housing, and steps like a timely boost to the realty sector, emphasis on better infrastructure (Bharatmala Pariyojana), bank recapitalisation, measures taken to boost consumption, to name a few, have been viewed positively by



In addition, the Reserve Bank of India (RBI) has remained accommodative in its monetary policy action and


Investors pumped Rs 1.2 trillion into various mutual fund schemes in January, after pulling out a massive Rs 62,000 crore in the preceding month, primarily on account of infusion in liquid and overnight schemes.


Mutual fund inflows will gather further momentum in the coming months, Union Asset Management Company CEO G Pradeepkumar said.



According to data by the Association of in India (Amfi), net inflow of Rs 1.2 trillion was witnessed in mutual fund schemes last month as compared to an outflow of Rs 61,810 crore in December.


Fund managers attributed the growth in asset base to strong inflow of around Rs 1.09 trillion in debt-oriented schemes.


Among debt-oriented schemes, liquid funds, with investments in cash assets such as treasury bills, certificates of deposit and commercial paper for shorter horizon, received flows worth about Rs


One of the major changes proposed by finance minister Nirmala Sitharaman in her second Union Budget relates to the taxation of dividends. The Budget has proposed to abolish the Dividend Distribution (DDT), and moving to the classical system of taxing dividend in the hands of individuals.


Current situation: Currently, a domestic company is required to pay at the rate of 15 per cent (plus applicable surcharge and health and education cess) on the dividends. Further, dividend income from a domestic company is tax-free up to Rs 10 lakh. Dividend in excess of Rs 10 lakh is taxed at the rate of 10 per cent in the hands of specified resident individual shareholders. It is also tax-free for non-resident individual shareholders.



Similarly, mutual funds are also liable to pay at the specified rate on the income distributed to unit


Turnover of futures and options touched a record high of Rs 7,591 crore on Tuesday, according to a release.


The previous high of Rs 5,251 crore was recorded on February 20.



“The implementation of interoperability clubbed with active participation from the members have led to increase in turnover on BSE. We thank all the members and look forward to constantly receiving their support,” BSE Chief Business Officer Sameer Patil was quoted as saying in the release.


PFC, IGIAT sign agreement to provide financial assistance for skilling programmes

State-run Power Finance Corporation (PFC) on Tuesday said it has signed an agreement with Indo German Institute of Advanced Technology (IGIAT) for providing financial assistance for various skilling programmes.


Under the agreement, PFC will provide around Rs 1.44 crore to IGIAT for conducting skill development


The initial public offer (IPO) of & Payments Services, India’s second largest credit card issuer, will open on March 2. The price band, according to reports, of the offer has been set at Rs 750-755 per equity share. The offer comprises a fresh issue worth Rs 500 crore and an offer for sale (OFS) of up to 130,526,798 equity shares. The bid lot for the offer has been finalised to be 19 equity shares and in multiples of 19 equity shares thereafter.


Here’re the details and offer break-up you need to know:


1) Existing shareholders of SBI: Of the entire issue, up to 13,052,680 equity shares or 9.5 per cent of the issue has been reserved for existing shareholders in (SBI). Simply put, investors who have SBI shares in their portfolio as on February 18, 2020 – the


Buy Limited


Last Close: Rs 305.95



Initiation range: Rs 303-306


Target: Rs 325


Stop loss: Rs 296


has been witnessing correction for the last five months and is currently hovering around the support zone of the long-term moving average of 200 EMA on the weekly chart. Indications are in the favor of marginal consolidation followed by steady rebound ahead. We advise accumulating fresh longs as per the given levels.


Buy Limited


Last Close: Rs 374.90


Initiation range: Rs 368-372


Target: Rs 395


Stop loss: Rs 360


UJJIVAN has been witnessing profit taking for the past two weeks or so, after a sharp surge. Considering its overall uptrend, we feel it’s a healthy correction and the stock is likely to find support around 50-day EMA on the daily chart,