The start of a new financial year is the perfect time to reconsider
your portfolio and take the stock of your finances. Initial strategy and
planning helps you to earn a lot of money, if economy is not changeable. The
latest news is the equity market and the economy is both looking up. The former
have been encouraging ahead of the election. Between February 13 and April 4,
BSE exchange’s sensitive Index or Sensex has been running up 11.5%. National
stock exchange’s 50 stock Nifty Index has been running up a little over 12% in
the same time.
At Similar Time, fixed deposits, debt products and debt
funds are giving high return as the reserve Bank of India has not dropped
interest rates due to tacky rise. The state bank of India provides 9% for
deposits maturing any time between one and ten years. Liquid funds have given
nine % in the last year and short term funds close to be 8 %.
Uncertainly, the rates are cut, there
will be extra capital appreciation in the debt funds as bond prices are in
reverse proportional to the interest rates. You must go slow as the union
budget declared in the mid of the financial year, by July or August.
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