Tag: Readers’ Feedback

Readers’ Feedback – The Hindu BusinessLine

Personal Finance

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The introduction of Portfolio on Sundays has received an overwhelming response. We thank our readers for the appreciation and the useful suggestions.

Like all editorial initiatives from The Hindu Group, HBL Portfolio edition is a good compilation of easy-to-read, unbiased and incisive articles. Now that it is back on Sundays, readers like me can browse at leisure.

—Vinay M Tonse, MD and CEO, SBI Mutual Fund

I am a regular reader of BL for the past four years. I’m delighted to see the new Portfolio on Sundays with refreshing layouts and clear sections and easy-to-refer, useful information on the page sides. Congratulations to the team that delivered this new avatar! One suggestion would be to retain the orange colour theme that was part of the earlier Monday Portfolio. The reason being, reading an orange-themed Portfolio gives a special and exclusive feeling (which the Portfolio is) compared with the regular weekday BL newspaper. Another input would be to include sections/articles related to ETFs, index funds and overseas investment options.

—Karthik Padmanabhan

Our response: We opted for a change in colour, well, just for a change! With passive investing catching on, we are striving to cover more on exchange-traded funds (ETFs) and index funds, be it in the form of tables showing ETF returns, which is now part of our ‘Fund Insight’ page, coverage of new fund offers (NFOs) in the passive category or recommending index funds in our ‘Fund Query’ column. We have also made a start on international investing in the new edition with the coverage on the Airbnb IPO in our December 13 edition. Keep reading for more!

I have always felt that BusinessLine is the best financial newspaper available in the market. I enjoy the in-depth analysis of mutual funds in the Sunday Portfolio edition.

—Sudhir Garodia

I have been reading BusinessLine for the past 10 years. I am an investor. The Sunday edition is very useful, and I have more time to spend on the paper. It would be better if you could increase the font size.

—Namasivayam

Our response: We have increased the font size in some places from today’s edition.

A very good initiative. Require more information on stocks.

—Sathish Bhat Investors require more information on the stock market and up-to-date information on stock exchange rules.

—Radhakrishna

Our response (to the above two comments): We do cover stocks from both the fundamental and the technical perspective, every week. We also give our views on stocks in a particular sector whenever we do a ‘Big Story’ on that sector. We also cover important stock market developments which affect investorsfrom time to time across various pages of Portfolio.

Good to get BusinessLine on Sundays. But details on legal and tax matters, and insurance are missing.

—KR Subramanian

Our response: We write on taxation and insurance matters pertaining to individuals in our ‘Your Money’ and the newly introduced ‘Safe Investing’ pages. We also run query columns on tax and insurance. Legal matters, to the extent it covers investor interest, is covered in Portfolio pages as and when found pertinent.

This comments refers to the ‘Bull charge: Keep safe’ ‘Big Story’ published on December 13. Behavioural biases play a huge role in our investment decisions, how so ever knowledge and information is available through various sources today. Hence, it’s great to go through this article. It should come more than handy for retail investors.

—Bal Govind

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Readers’ Feedback – The Hindu BusinessLine

Personal Finance

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I read the article ‘Will employees gain if gratuity rules are tweaked?’ that appeared on BusinessLine sometime back. If you serve more than six months in the last year of employment, it is considered as a full year of service. So, if a person completes four years and 181 days in the fifth year, will the person be eligible to claim gratuity? Is 180 days considered six months?

John

Our response: In general, if you stay on with your employer continuously for five years or more, you are eligible to get gratuity.

But there are exceptions and legal rulings that relax the five-year continuous service rule to be eligible for gratuity. One, the rule is waived if an employee dies or is disabled.

Next, the Madras High Court in the Mettur Beardsell case had ruled that if an employee completes four years and 240 days in service, he will be eligible for gratuity.

So, to your query, if a person completes only four years and 181 days in the fifth year, he would not be eligible for gratuity.

But once a person becomes eligible for gratuity as per the above rules, the number of years of completed service to determine the gratuity amount as per the Payment of Gratuity Act takes into account the service of more than six months in the last year of employment. So, if you serve more than six months in the last year of employment, it is considered as a full year of service to determine the gratuity amount. For instance, service of 20 years and seven months will be considered as 21 years.

This is in the context of the article titled ‘Why the stock of Muthoot Finance is a good buy’ that appeared on BusinessLine on October 19.

It could be a perfect buy in this situation — very less risky counter. It can be averaged at various levels for the long term. Good point, Ms Keerthi.

Bala Krishna

‘All you need to know about IPO allotment’ that appeared on BusinessLine on October 20 was well-articulated. I stopped applying to IPOs long back, after several bitter experiences of non-allotment.

TS Thiruvenghadam

Regarding the ‘buy’ call on Muthoot Finance, gold loans picking up does correlate to rising gold price, but the after-effects are disastrous if the gold price falls.

Shailesh Desai MD

Our response: Muthoot’s average loan-to-value is at 54 per cent. Additionally, the loans are of shorter tenures, which should provide sufficient cushion during a falling-gold-price scenario.

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Readers’ Feedback – The Hindu BusinessLine

Personal Finance

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This is in the context of the article titled ‘Why investing via wallets in gold is fraught with risks?’ that appeared on BusinessLine on August 17, 2020. As per my understanding, GST is charged only at the time of buying and not at the time of selling digital gold. Please clarify.

Alhind

Our response: GST is applicable both on purchase and sale of gold if physical delivery is mandated. However, Vikas Singh, MD and CEO of MMTC-PAMP, says “in the case of digital gold, GST is only applicable on purchase. Sale or subsequent redemption of the gold purchased in digital form (on our supported platforms) does not attract GST.”

This is in the context of the article titled ‘Hawkins Cookers FD: Higher returns, higher risks’ that appeared on BusinessLine on September 18, 2020. Expecting interest rates to go up is far-fetched when the US Federal Reserve has frozen rates in the US till 2023. It is more likely that India will finally follow the interest rate trajectory of the developed world.

Vijay Mendiratta

Our response: India may or may not follow global trajectory. Hence, we recommended sticking to shorter tenures.

The Big Story titled ‘A beginner’s guide to investing in NPS’ that appeared on BusinessLine on September 21, 2020, is an excellent article. I clearly understood the subject.

Aravind Kumbakonam

In ‘How work from home can impact your tax outgo’ that appeared on BusinessLine on September 21, 2020, what the authors seem to underplay is that rent and travel cost to office are savings for employees and the tax benefit is 10 per cent, 20 per cent and 30 per cent of these expenses. Hence, the overall savings are larger during WFH if, and only if, one continues to have a job or has not faced a cut in salary.

Good employers remind employees to update their tax exemptions on a monthly basis. Also, HR in great companies are aware of whether employees have moved away to their homes outside the cities that the companies operate in.

I am not accounting for small costs such as spend on clothing or maintenance of vehicle as these may be offset to some extent by higher electricity and consumables (food, coffeetea, milk) consumption at home.

Not to speak of the potential therapy costs from limited personal interactions other than with members at home.

Ravi Shenoy

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