“Investors should look at the US market for portfolio diversification. An ideal balanced or moderate investor should look at a portfolio allocation of 50:50 equity and debt and within the equity allocation have 30% equity in US stocks (15% overall),” said Ashish Ranawade, head of products at Emkay Wealth Management.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.