GST will now apply to mutual funds, loan instalments and credit card dues.
The assets in control of MFs soared to a record high of Rs 17.9 lakh crore last month
The tax filing season is here, and mutual funds have launched tax-saving products.
Growth, said HSBC, would be helped by higher public investment, bankruptcy code and direct transfer of subsidies
Investors should allocate 10 to 15 per cent in their portfolios to gold through sovereign gold bonds.
The planned deal will reduce Reliance Capital's stake in Reliance Life Insurance to 51 per cent from 74 per cent.
Given its focus on the real estate sector, financial planners feel this scheme is not meant for first-time investors and any investor should only have 5 to 10 per cent exposure to this fund.
Exodus of top managers an unintended side effect of roaring MF industry
Move 10 per cent of your portfolio to the yellow metal.
More asset sales may be only way out, though most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt.
Hedge funds are famous for their price tag - known as "two and 20" - a fee of two per cent of the assets they manage each year and 20 per cent of all gains
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
In an interaction with Jash Kriplani, A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company, shares his optimism on what makes him believe that these cuts can help in addressing multiple issues plaguing the economy, without letting fiscal deficit pose any major risk.
Industry body Amfi to hold meeting to decide on road map.
EPFO is managing a corpus of Rs 6.5 lakh crore.
New technologies such as block chain are throwing up new opportunities; so the axe is bound to fall on those who are still stuck in the past and not reskilling themselves, says Shyamal Majumdar.
If you missed the primary market bus but still want to invest in Sovereign Gold Bonds, then feel lucky.
The new 'riskometer' seeks to help investors gauge the level of risk in a particular scheme. The new guidelines will come into effect from July 1, 2015.
Bonuses are typically commensurate with deal activity in any given year. Investment banks, on average, pocket 2-3 per cent as fees for managing an IPO and 1.5-2 per cent for handling QIPs.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on a weekly basis.
'The ability to tailor schemes to market conditions and invest in unlisted equity and real estate, as well as commodities, makes Alternative Investment Funds a sought after platform.'
In essence, follow the private-equity approach to personal investing and treat each investment decision as if it is a matter of life-or-death, because it is, suggests Avinash Luthria.
'You need to be careful about this.' 'Growth without fundamental principles is like fat.' 'Growth with good base and fundamentals is like muscles.'
Daniel Wu, chairman of the Asian Bankers Association (ABA), says there is merit in merging some of the less efficient public sector banks in the country.
Investors were stuck in old schemes though they were suspended because of tax implications.
The sector needs to move away from such concepts.
Money flowing into the equity schemes of mutual funds is back at a level last seen before the 2008 financial crisis, when the stock market tanked 60 per cent.
Fund houses have conducted investor camps and awareness programmes in more than 400 cities. Also, the popular 'Mutual fund sahi hai' campaign has helped bring in a lot of new investors into the MF fold from underpenetrated regions.
Given the macro setting, the outlook remains positive for each of the four key parameters - inflation, current account deficit, fiscal deficit and currency stability, says Rahul Bhushkute.
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
'We have great demographics, and are the fastest growing large economy. And we save.' 'All of which is great for financial services,' Aditya Birla Capital CEO Ajay Srinivasan tells Niraj Bhatt.
SBI was the top gainer after it reported lower-than-expected rise in bad loans
Various online platforms let you invest in direct mutual funds.
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The Finance Ministry has filed the offer document with market regulator Securities and Exchange Board of India for the Central Public Sector Enterprises ETF, which could fetch the exchequer about Rs 3,000 crore (Rs 30 billion).
Of the existing set of potential leaders, Bakhshi was clearly the only choice as he beat out other high-level candidates that included executive directors Anup Bagchi, Vishakha Mulye, NS Kannan, and Vijay Chandok who were lacking the all-round game that Bakhshi has.
When looking at fund returns, avoid looking at just the past 12 months' performance, says Sanjay Kumar Singh
The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
Experts say investors need not tinker with their debt portfolio as shifting won't be tax-efficient.
One-sponsor-one-fund rule may set off merger as Amundi seen sponsoring two funds following buyout.
Returns in Systematic Transfer Plan are consistent as money invested in debt mutual fund schemes earns interest till the time the whole amount is fully transferred to equity fund, says Vishwajeet Parashar, Sr VP and Group Head -- Marketing, Bajaj Capital
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