Renuka Jain

Covid 20 came as a storm to all asset classes. Lock downs, deaths , tragedy and all the pain which is unimaginable while many in lock down are working all day with thin staff, others who unable to do that are trying to blame others for their losses Yes I am one of them. but I do not  give up so easily. Many blaming me today for funds selection and losses and in turn blaming the fund houses and fund manager for the same. They easily forget that non of us get calls right all the time and neither the fund manager From today I shall post an article on every great Fund manager brilliant in his expertise. But every fund manager has his good or bad times. Sometimes calls taken fall right at place. However sometimes calls taken fall flat But at the end of decade, most good fund managers end at great  returns Today I write about Anoop Bhaskar.. Currently managing IDFC Funds and in eye of criticism of many.  The Journey of Anoop ' 2013 Picture this sce...

This post is straight from the heart. I mean don't mean to offend anyone. But I am writing this feeling very low today In this long journey of financial advisory, I have experienced various market corrections as well as huge rallies My gratitude to all who kept immense faith in me and never doubted my intentions. Many of my overseas investors left blank cheques with me, so that I can invest whenever they have funds in bank I understand the pain, that investors are going through for past 3 years. All of us know that the correction started post announcement of Long term Capital gain in February 2018.. Then the SEBI order of categorization of mutual funds. This led to huge losses in mid and small cap. Fund managers lost lot of independence to manage funds. Looks like SEBI does not want fund managers to use much expertise Then there was the election year. No one expected a pro growth budget. post elections, everyone was eyeing the budget. But the Budget presented in July 2019 ...

Corona Virus has hit the stock markets like a global epidemic in finance Investors  are in panic mode and as usual want to exit . Doing  the same mistake over and over again  Many pessimist are trying to compare the same with 2008 crises where markets corrected by around 70%. Although we have corrected by 10% in this corona virus, this is being overplayed by pessimists Conveniently ignoring good Service Sector PMI at 6 year high or High GST collections, IBC resolutions like Essar and Ruchi Soya are excellent for banks. Brent at 50 is like biggest boon to us And This  is just the start Corporate tax cuts will start to show the results now.  However let us presume that the crises are as big as 2008( which is 100% untrue as per me and many analysts) Indian stock markets  played as under  on 21 Jan 2008, the BSE fell by 1408 points to 17,605 leading to one of the largest erosion in investor  wealth On the next ...

Budget 2020 is much awaited event amidst more than needed negativity created by media and publish houses. I am confident that Mrs Nirmala Sitharaman shall one of the finest budgets this year to fix economy and another step towards 5 trillion economy Already in last three months many steps have been taken in this direction. Corporate rate cuts and liquidity to NBFC are the most important ones. Adding to this higher depreciation on cars bought till March 31 2020 helped in boosting car sales Here are few proposals which may be considered for the budget to boost consumption and lift market sentiment and higher growth Abolition of Long Term Capital Gain Last two years non of the asset class has generated returns for investors. Long term capital gain has proved to be big dampener for the broader markets and equity portfolios are all in Red. Capital markets form an integral part of Economy and also a feel good factor for investors. When capital markets shall create wea...

Some Reactions Post Budget 2019 "I do not think the budget is growth-oriented. The stock market has also come down considerably.' Adi Godrej" "If we don't create jobs for our children, we are going to have social problems...We are only doing populism. We need to get into real action but I heard none of these things in the Budget. I only heard things which were pleasing and will make headlines ."Arun Nanda, Mahindra Holidays " Was hoping the first full-time FM of the country would "hit some boundaries" but she chose to take "steady singles" instead. Mahindra & Mahindra Chairman said despite expectations of big moves to unleash the animal spirit of the economy, the Modi government's budget focussed on a long-term vision ." Anand Mahindra Above are few reactions to budget 2019. which disappointed most sections of society. At a time when economy needed booster shot and some stimulus to revive consumptio...

July 5,2019 marks the first budget to be presented by current government after resounding victory in elections in May 2019.  I must congratulate Narendra Modi Sir and Arun Jaitley Sir for brilliantly managing fiscal deficit as well as inflation over past 5 years. Although in last budget not much tax relief was given to middle class by way of tax cuts.. However  one has to understand that low inflation, low interest rates and Health schemes like Ayushman  Bharat directly benefit middle class. Goods and Services tax has brought down prices of various daily need goods.  But in a country where direct benefit is more applauded than long term benefits Finance Minister Madam Nirmala Sitharaman must announce sops for middle class as an award for being honest tax payers.   My few suggestions as a common citizen for this budget are as under: 1 Raise LT Cap Gains exemption to Rs 20 L from 1 L Long term capital gains at 10% post one y...