All stories by Ashley Coutinho
Dividend rule: MFs vs SEBIRediff.com1 Apr 2021
Experts believe the new norms may be an indirect way for Sebi to apply the brakes on dividend option plans in MFs.
MFs net sellers of Indian equities first time in 7 yearsRediff.com24 Mar 2021
Mutual funds (MFs) are set to be net sellers of Indian equities for the first time in the past seven financial years, having sold stocks worth about Rs 1.27 trillion so far in 2020-21 (FY21), making it the highest net sales on record in a financial year. MFs had been net buyers in the previous six financial years, including purchases of over Rs 1.41 trillion in FY18, Rs 88,152 crore in FY19, and Rs 91,814 crore in FY20. The last time they offloaded Indian equities was in FY14, when they net sold stocks worth Rs 21,159 crore. In contrast, foreign portfolio investors (FPIs) have ramped up buying in FY21, purchasing more than Rs 2.6 trillion worth of shares.
Flurry of IPOs: Sebi warns against threat of technical glitchesRediff.com16 Mar 2021
Sebi has asked intermediaries to stagger the offerings as much as possible, said people in the know and ensure adequate capacity building.
Equities outperform bonds in the ultra-long run, says studyRediff.com16 Mar 2021
Ultra-long term equity investments have been a lot more rewarding than debt, a study published by Credit Suisse Research Institute in collaboration with London Business School shows. "Over the last 121 years, global equities have provided an annualised real return (in dollar terms) of 5.3 per cent versus 2.1 per cent for bonds," shows the study, which has looked at returns for 23 countries since 1900. In the Indian context, equity returns are even more favourable. Since 1953, equities have generated annualised returns of 6.5 per cent and government bonds only 0.4 per cent.
Covid impact: Sebi may give overseas roadshow a miss, againRediff.com11 Mar 2021
The regulator typically meets overseas investors in the US and UK in the first half of a financial year, and had opted for a virtual meet last year too.
Budget sops may lure Mauritius funds to Gift CityRediff.com17 Feb 2021
As per the Budget proposals, migration of a fund to a fund in IFSC will not be regarded as transfer if done on or before March 31, 2023. Transfer of units will be tax neutral. Grandfathered investments of the fund to continue to enjoy capital gains exemption on future sale by the IFSC fund. There is no impact on carry forward of losses for the investee company.
FPIs may have to wait for dividend tax reliefRediff.com10 Feb 2021
Companies wanting to consider treaty benefits and deducting tax at a lower rate will have to examine the qualitative factors. They will have to consider whether FPIs are liable to tax and whether they are the beneficial owner of dividend income.
Majority of equity schemes pare cash positions even as markets soarRediff.com4 Feb 2021
While the market may remain volatile this year, analysts expect equities to deliver positive returns by outperforming inflation and government bonds, supported by the fiscal stimulus in the US.
FPIs get relief as dividend tax kept at par with treaty ratesRediff.com2 Feb 2021
'Rationalising TDS on dividends for FPIs to reduce it to treaty rates ranging from 5 to 15 per cent, depending on the country of residence of FPIs from current rate of 20 per cent will provide a big cash flow relief for FPIs.'
5 factors that may help markets scale new highsRediff.com29 Jan 2021
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
'Equity market is in the midst of a bull market'Rediff.com27 Jan 2021
'If an investor is ready to stay put for the next five years, one can consider investing in mid- and small-cap funds, but through SIPs.'
Budget 2021: Dividend anomaly for FPIs may be correctedRediff.com22 Jan 2021
Last year's Budget had created uncertainty about the quantum of tax to be withheld on dividends paid to non-residents, as the exact tax rate was not specified under section 195.
Equity schemes see Rs 330 billion outflowRediff.com19 Jan 2021
Outflows are likely to continue, experts say, till such time as the markets see a significant correction.
Stocks: Bulls ran wild in COVID-19Rediff.com11 Jan 2021
Indian equities are no longer cheap vis-a-vis global markets, and only a short distance away from being the most expensive they have ever been.
Gulf between China and India market caps widensRediff.com11 Jan 2021
The country's m-cap is now 4.3x India's, whose m-cap grew just 17 per cent to $2.5 trillion in CY20 -- 2.4 per cent of the global m-cap.. Ashley Coutinho reports.
Sebi suggests easing of ownership norms for exchanges, depositoriesRediff.com7 Jan 2021
According to the new proposals, resident promoters or a foreign promoter from a FATF jurisdiction can set up a market infrastructure institution.
Despite Covid-19 crisis, mid- and small-cap funds see big gains in 2020Rediff.com5 Jan 2021
The unlocking of the economy since June led to a significant recovery in various macro, micro and high-frequency data points, resulting in the equity markets surpassing their previous lifetime highs.
Tax parity with ULIPs tops Afmi's wish list ahead of Union BudgetRediff.com5 Jan 2021
The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.
How Nifty50's composition has changed in 10 yearsRediff.com5 Jan 2021
The new entrants comprise Asian Paints, Britannia, Titan, Nestl, Bajaj Finance and Bajaj Finserv.
Why 60% of large-cap schemes underperformed the Nifty100 index in CY20Rediff.com4 Jan 2021
Polarisation and the increase in index weight of a few a stocks have weighed on performance. The worst performers include Nippon India Large Cap and HDFC Top 100 (2.6 per cent).