News reports last week said that high net worth (non-retail) money had flooded into the 7.35% tax-free NHAI (National Highways Authority of India) bonds while the retail portion, with a 25 basis point higher rate of interest, saw tepid demand. This can be interpreted in two ways. One, smart money expects interest rates to fall and is hence locking into a high tax-free return. Two, smart money expects stock returns to be muted and is therefore moving money into debt.
Expense AccountFinancial LiteracyPersonal FinanceUncategorizedJanuary 12, 2016by Monika Halan0Smoke signals indicate neither doom nor boom
The world has been ending each year since 2008. Ignore tales of doom. And of boom. Just stay with your own plan.