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The Hindu
3 days ago
- Business
- The Hindu
Ask Us: On investments
Q I am a retiree and started a Post Office PPF account in November 2020. I have ₹3 lakh in the account and am badly in need of money for medical emergency. Can I close my account and get back the money now? Raja Thilagar A We are sorry to hear about your situation. Public Provident Fund (PPF) account comes with a lock-in period of 15 years, i.e. account can be closed only after the completion of 15 years under normal circumstances. It's not advisable to open a PPF account at the fag end of your career. In the Post Office PPF account, a subscriber can withdraw only after the completion of five financial years excluding the account opening. In your case, you have opened in November 2020 (FY20-21), withdrawal can be made only during FY2026-27, i.e. after completion of March 31, 2026. Further, only 50% of the balance credit at the end of the fourth preceding year could be withdrawn. Premature closure is allowed only after the completion of the fifth calendar year from the end of the year in which the account was opened. The closure is subject to conditions such as life-threatening disease of account holder, spouse or dependent children; higher education of account holder or dependent children. It is also allowed when there is a change in the resident status of an account holder (i.e., he/she became NRI). However, 1% interest shall be deducted for the same. Though you have a medical emergency, it is likely impossible to close your PPF account prematurely or withdraw your corpus. However, a post office official said, 'If you have valid medical certificates and that the medical condition (of self or any of the family member) is life-threatening, you can place a request to the Divisional Head of your branch through your branch head and try explaining your crisis. However, it's not a guarantee that your account could be closed prematurely.' Q I passed out from college recently and am working in a Central government PSU. My father is into a small business and I have no liabilities. How should I start investing for long-term? Also advise me on health insurance for my family. Ansh Gupta A You are considerably young and have enough time for growth prospects, be it in direct equity investing or through mutual funds. First, you can start investing in mutual funds (MFs). Choose any Index fund (passive) that tracks Nifty 50 or Sensex 30, which are comparatively (not completely) safer. However, choose only direct schemes but not regular schemes that are offered by distributors or brokers. When compared with regular schemes, the expense ratio for direct schemes is lower. Either you can start a Systematic Investment Plan (SIP) or you can invest in a lumpsum plan. SIP is a monthly commitment whereas a lumpsum is a one-time investment plan. You can start investing a minimum of ₹500 per month (some MF schemes offer lower amount plans also) in any passive fund or as a one-time lumpsum, if you get any incentive or bonus. Since you have no liability, you can start a SIP of ₹6,000 per month. Keep track of the performance of SIP investment for two to three years. Once you have understood how market movements impact your mutual fund performance, you can consider investing in other active mutual funds and also start investing in equity markets, that is stocks. For a decent health insurance coverage for you and your family, take a family floater policy with a sum insured (SI) of up to ₹10 lakh at an affordable premium. Important criteria to consider in the policy are list of network hospitals for cashless treatment, higher claim settlement ratio of insurance companies, cap on room rents, sub-limits on treatments, waiting periods for pre-existing diseases, pre- and post-hospitalisation coverage period, no-claim bonus benefits, inclusion of annual health check-up facility, co-payment clauses, coverage for daycare procedures and life-long renewability. (The writer is an NISM & CRISIL-certified wealth manager)
Time of India
27-05-2025
- Business
- Time of India
Nestlé India's outgoing CEO Narayanan weathered the Maggi storm; Tiwary must tackle slowing growth
Nestlé India's outgoing CEO Narayanan weathered the Maggi storm; Tiwary must tackle slowing growth Manish Tiwary (left) will be the MD of Nestle India on 1st of August 2025, Suresh Narayanan (right) current Chairman and MD of Nestle India; Collage by Mohommad Arshad Synopsis Come June 23, Nestlé India will be moved out of the Sensex 30 to Sensex Next 30. The company has remained flat for the last one year. It has even underperformed the Nifty FMCG Index in the past 5 years. The shift captures the woes faced by the company and the sector. An overall revival seems like a long-term story. PRAVIN PALANDE By VARSHA SANTOSH 8 Mins Read, May 28, 2025, 04:55 AM IST SHARE THIS NEWS Close Font Size Abc Small Small Abc Normal Normal Abc Large Close When the world's biggest food and beverages maker brings in a new chief executive to its Indian operations, some challenges come along. Nestlé, which successfully battled the Maggi image problem with Suresh Narayanan a decade ago, is now bringing in Manish Tiwary and he not only needs to fix the multi-year growth slowdown, but also convince index managers that the makers of KitKat chocolates deserve to be a part of the elite index. Nestlé India
Economic Times
27-05-2025
- Business
- Economic Times
What Nestlé India's Sensex exit means
Nestlé India is moving out of Sensex. Can it stay in investors' mind? Nestlé India has remained flat for the last one year. It has even underperformed the Nifty FMCG Index in the last five years. The shifting of the stock from Sensex 30 to Sensex Next 30 does capture some of the woes faced by the company and the sector. And an overall revival seems like a long-term story. ONGC squandered its future once. Can it be different this time? When India FONT SIZE SAVE PRINT COMMENT Refer & Earn
Mint
20-05-2025
- Business
- Mint
After a spirited rebound, markets fall for third straight day
The benchmark indices fell for the third straight day on profit booking, following a rebound after India and Pakistan agreed to a ceasefire to end the four-day military conflict that stemmed from Operation Sindoor. On Tuesday, the Nifty 50 index fell 1.05% or 261.55 points to 24,683.9, while the Sensex 30 slipped 1.06%, its sharpest decline in five days, to end at 81,186.44. The market had rallied almost 5% from 24,008 on Friday (9 May), a day before the ceasefire, to a high of 25,116.25 on 15 May. From there, Nifty has fallen 0.08% and Sensex has declined 0.15% on profit booking. All the Nifty sectoral indices ended lower on Tuesday. The Nifty Auto index fell the most, closing 2.17% down, the India Consumption index dropped 1.77%, and the Nifty Financial Services index closed 1.73% lower. The Nifty Midcap 100 index settled 1.62% lower. The market sentiment remained negative on Tuesday, with 42 of 50 Nifty constituents ending in the red. The BSE market capitalisation fell by ₹ 5.4 trillion to reach ₹ 43.82 trillion. Of the 2,969 stocks traded on the NSE, 1974 declined and 915 advanced. Fund managers said that much of the negatives, including geopolitical tensions and global tariff uncertainties and earnings disappointments, were priced in. But with Moody's downgrading the US, a selloff in emerging market assets by foreign portfolio investors (FPIs) amid rising US bond yields could crimp the short-term sentiment. 'When US bond yields go up, it's always negative for India and for emerging markets because the cost of debt is moving up,' said Christy Mathai, fund manager-equity at Quantum Asset Management Co. In such cases, investors could be better off investing in local currency and local bonds as opposed to investing in emerging markets, he said. Sachin Relekar, senior equity fund manager at Axis Mutual Fund, said, 'We believe that macro headwinds are receding.' The recent geopolitical issue with 'our neighbouring country seems to be behind us', he said. There were concerns around trade and tariffs, which were steep when proposed, but the tone of negotiations—especially with China and potentially with India too—now seems more positive, he said. 'We still need to see the final details, but it doesn't look as bad as it did around before and, hence, we believe that the two issues are less of a concern going forward,' Relekar said. Most of the earnings downgrades that had to happen have happened and there is not much room for the earnings to go down further, according to Mathai. The earnings season for Q4FY25 has not been that weak and was on the expected lines, he said. 'From hereon, we might see an 11% earnings growth for FY25-26.' FIIs have been net buyers in Indian equity markets for the last five days with inflows of ₹ 15,262 crore. Asian indices closed higher with Hong Kong's Hang Seng ending 1.49% up and Japan's Nikkei 225 settling 0.8% above the previous close.
Mint
15-05-2025
- Business
- Mint
Should you invest in index funds when the market is on a downswing? Experts speak
Stock markets have characteristically been volatile in the past few days. After delivering the best session of four years on Monday by rising 3.7 percent, Sensex dropped 1.6 percent on Tuesday. In the last two sessions of the previous week, Indian markets lost $83 billion in market cap on the India Pakistan conflict following Operation Sindoor. This decline and rise followed by another fall has left retail investors spooked and gobsmacked. Experts, therefore, recommend retail investors to contemplate passive investing. One way to follow passive investing is to invest in index mutual funds. For the uninitiated, index funds invest in those securities, which constitute popular indices such as Nifty50, Sensex30, Nifty100 -- that too in the same proportion as in these indices. 'Index funds track a specific market index, and historically, markets tend to recover after periods of decline. So, when you invest in an index fund, you can benefit when the market turns upwards. They also provide broad diversification across various sectors, themes, and stocks, so they help reduce the risk of concentrating investments in a few companies when the market is volatile,' says Preeti Zende, a Sebi-registered investment advisor. Experts believe that investing in index funds when the market is down is a no brainer strategy for long term investing. 'An index fund is a passive fund that replicates the performance of a specific market index. When there is a volatility and the future is uncertain due to various domestic and foreign issues, geopolitical scenarios in this case, retail investors normally get confused about the investment ideas, in this case, investing in a simple Nifty index can solve the confusion.' adds Zende. Santosh Joseph, CEO of Germinate Investor Services argues that the investors should use the opportunity to invest during a downswing. 'While any market downswing presents an investment opportunity, it's not always easy for investors to act on it. There's often a dilemma—what fund to choose, which category or sector, and which specific area to invest in. In contrast, index funds offer a broader and more participative opportunity,' he says. 'If you invest in an index fund, you at least benefit from the overall performance of the index. You may not get the best returns, but you'll likely capture a significant portion of the gains,' he adds. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of MintGenie. We advise investors to check with certified experts before making any investment decisions. Visit here for all personal finance updates
