Washington: The United States of America reported a $ 738 billion budget deficiency in the month of April 2020, resulting in an explosion in government spending and contraction of revenues in the middle of the novel coronavirus epidemic putting it deep into the red.
The Franklin Templeton mutual fund fiasco seems to hit mutual funds very badly. Most debt mutual fund categories witnessed very huge outflows in the last month i.e., April. The category hit very badly out of all is credit risk funds, which saw an outflow of Rs 19238.92 crore in April- data sourced by AMFI (Association of Mutal funds in India).
South Africa’s business confidence dived all times economy low in April due to the imposition of lockdown in late march to slow down the spread of the COVID-19. The index slumped to 77.8 in April from 89.9 in March compiled by SA chambers of Commerce and Industry.
Searching for best large-cap mutual funds for investment in 2020? Here you will find the list of recommended monthly updated mutual funds in May. That means if you will start investing in any of the recommended schemes to achieve your long term financial objectives, you can continue with them.
Fear of Missing Out (FOMO) is very real in our daily life and in current markets. As the market is going down by 10% on certain days due to Covid-19 which troubling investors whether to buy this stock or that stock.
It’s in the air that Facebook bought 9.9% stake in Reliance Jio, WhatApp to support Jio Mart. Everybody is so much keen to know about Jio Facebook Deal. Roughly India has a population of 130 Crore, Out of which Jio has around 40 crore subscribers, and Facebook also has around 40 crore users.
The global market plays a very important and direct role in the local market. So, if an event is affecting the global market it will likely affect the local market. It happens because all countries are somewhere dependent on each other.
Index funds are very simple. Mutual funds are also known as Index Fund. Index funds are an exchange trade fund designed by a preset of rules so to get track of the investments. Free from a person’s account manager bias and provides you a fully automated equity portfolio of high companies. It replicates a specific index.
It’s only a matter of weeks, the coronavirus epidemic a.k.a COVID-19 has affected almost a third of market cap globally. This outspread of this virus has also shaken the confidence of investors by triggering panic across the globe.
Despite Yes bank share lock-in period of 3 years imposed by the Government. Yes Bank shares soar 58%, an outrageous rise in the scrip price of the shares. The government imposed this lock to shareholders holding 100 shares or more for 75 percent of their total investment for new or existing shareholders.