Reuters and ‌local media reported â that â the government is considering scrapping the 12.5% capital gains tax on overseas investors and the 20% withholding ​tax on interest earned by foreign investors in government securities.
Marcellus Investment Managers has launched a global equities fund through GIFT City, offering Indian investors access to overseas stocks. The fund targets defence, power, AI-led infrastructure and luxury themes, enabling dollar-denominated investing, diversification and exposure to long-term global growth opportunities.
Despite high-profile job cuts by technology firms related to the adoption ​of artificial intelligence, layoffs have remained low, confining claims to a 190,000-230,000 range this year.
The Great Wealth Shift: Where India’s Next Fortunes Will Be MadeVodafone Idea, Polycab India, CG Power and Federal Bank hit fresh 52-week highs, with Vodafone Idea leading the pack after a 45% rally in the past month.
Veteran investor Tom Russo advocates for thoughtful analysis and patience over frequent trading, highlighting that excessive activity incurs costs and emotional decisions. By focusing on high-quality businesses and allowing compounding to work, investors can achieve superior long-term wealth creation, especially during volatile market periods.
Kotak Mahindra AMC MD Nilesh Shah has identified four investment avenues for volatile markets: Special Investment Funds, performing credit AIFs, REITs and Gift City-based global products. He believes these options can help investors generate returns beyond traditional equity market gains while improving diversification.
Market expert Neeraj Dewan advises selective investing amid volatility, favoring power, energy infrastructure, steel, aviation, commercial vehicles, FMCG, and select auto ancillaries. He remains cautious on IT due to weak guidance. Dewan sees opportunities in renewable energy and battery storage, and believes oil price stabilization will aid aviation stocks.
Despite a nearly 6% decline in the Nifty 50 over the past three months, the Nifty Midcap 150 saw a 3.5% gain. Thirteen midcap stocks stood out, delivering impressive returns between 30% and 55%, demonstrating significant opportunities within this segment even as broader indices faced pressure.
HSBC Mutual Fund CEO Kailash Kulkarni urged investors to keep return expectations realistic, saying a 12% annual return is a strong outcome in equity markets. Speaking at the ET Alpha Wealth Summit, he highlighted export-led manufacturing as a key long-term opportunity and said AI could empower retail investors through better access to information.
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