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Indian markets experienced a significant downturn on Tuesday, with both the Nifty and Sensex falling by over 1% due to the US imposing a 25% tariff. Except for FMCG, all sectoral indices declined, with realty, PSU bank, and consumer durables taking the biggest hit.
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News and Media
Wealth planners are promoting Systematic Withdrawal Plans or SWPs. It is a tax-efficient method to withdraw from mutual funds. SWP offers a steady income stream, unlike fixed deposits. Investors can withdraw a fixed amount regularly. A withdrawal rate of 3.5% to 4% annually is advisable. Market performance impacts SWP success. A prolonged market downturn can deplete the corpus faster.
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News and Media
India's bond rally has ended, compelling Hudco and Bajaj Finance to withdraw bond sales due to elevated yields. Government bond yields surged to a five-month high following GST structure rejig fears and a shift in monetary policy. This has increased borrowing costs for state governments and corporations.
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News and Media
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