Leading artists on Thursday welcomed the conferment of Qatar nationality on M F Husain, who has been living in self-imposed exile abroad for nearly four years following a spate of legal cases in the country over his controversial paintings of Hindu goddesses. "That's a great honour for him," painter Anjoli Ila Menon said, describing 95-year-old Husain as a "true Karma Yogi".
Choose the right scheme and occasional shifting will ensure safety with returns.
Domestic mutual funds (MFs) and foreign portfolio investors (FPIs) have been net buyers of stocks in August. Domestic fund houses have continued to invest in stocks, propelled by the success of various new fund offers (NFOs) and strong flows into equity funds. MFs had purchased stocks worth more than Rs 8,300 crore until August 23, according to the data provided on the Securities and Exchange Board of India (Sebi) website. Jimmy Patel, MD and CEO at Quantum AMC, says: "The surge in equity investments by MFs is because of two key reasons. One, equity NFOs are getting a strong response from investors, and fund houses need to deploy that money in the markets.
'The markets haven't corrected, that doesn't mean that they will only go up and up.'
Asset management companies have been told not to deal with non-compliant intermediaries. They are to report such cases to the Association of Mutual Funds in India (Amfi) and Sebi.
Flow surge in equity schemes is an important reason why Indian stock market did not crash.
Those who do their homework and conduct due diligence before putting in their money could stand to gain significantly.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The number of fund houses are increasing each year in the fast growing Indian economy but when it comes about the size, the top five players control over half of the country's mutual fund business.
If you are in a dilemma about how to select the right fund, then read on to get help on the selection criteria.
Birla Mutual Fund on Friday launched its new equity fund offer - 'Birla India GenNext Fund', which will invest in equities of firms that are expected to benefit from consumption habits of young people in the country.
Rediff.com caught up with Reliance Capital Asset Managment CEO Sundeep Sikka, to discuss the success of Reliance Mutual Fund.
Fund managers have been advising investors not to keep their return expectation higher
The country's biggest mutual fund, UTI Mutual Fund, on Monday announced the launch of its new scheme 'UTI-Dividend Yield Fund', which will invest in 60-70 high dividend yield stocks.
Industry players say improving the penetration beyond the top centres will require setting up more branch networks and empanelment of distributors.
Over 700,000 new investor accounts have been opened so far in FY15.
Fatca aims to track all US residents with non-US accounts and US citizens, too.
Good times for mutual fund investors are continuing.
Investors must invest in a manner appropriate to their age, income stream, return expectations and risk appetite.
Capitalising on the strong market sentiment, Chola Mutual Fund has launched an open-ended equity scheme Chola Multi-Cap Fund and targets to raise Rs 75 crore (Rs 750 mn) through the initial public offering.
INS Vishakapatnam's ground attack and anti-ship capabilities are achieved through a bank of BrahMos cruise missiles that can be fired at targets up to 295 km away.
The previous high was in February this year when investment in the sector rose to Rs 28,784 crore or Rs 287.84 billion.
Mutual fund investors may soon have to give separate cheques to distributors as commission.
Amid lowering of bank deposit rates and falling yields from traditional investment vehicles like gold and real estate, investors are fast shifting to financial assets. The MF sector is emerging a clear beneficiary of this trend.
At least 150 of the 205 employees at Lotus India Mutual Fund may lose their jobs.
Most large fund houses, such as HDFC MF, ICICI Prudential AMC, Reliance MF, Reliance MF, Birla SunLife MF and SBI MF, have the backing of large banks or financial institutions, giving them reach and understanding, they say.
Allaying investors' fears, Franklin Templeton AMC has said Sebi's order prohibiting the company from launching new debt funds will have no bearing on existing schemes managed by it. Sebi on Monday barred Franklin Templeton Asset Management (India) from launching any new debt scheme for two years and imposed a penalty of Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020. Also, it has been asked to refund investment management and advisory fees of over Rs 512 crore (including interest) collected with respect to the six debt schemes. This amount will be used to repay unitholders, as per Sebi order.
Finance Minister P Chidambaram has decided to impose 20 per cent tax on corporate unit holders of mutual funds.
A combination of fewer listings and falling 'average daily traded value' contributed to the drag in Q3.
The central bank opened a special 14-day repo window of Rs 20,000 crore to enable banks to raise money and lend to the funds, but received only four bids for Rs 3,500 crore. RBI uses the repo route to lend money to banks and enhance liquidity in the system.
While there is inherently nothing wrong with investing in an IPO, the decision to invest in one should be triggered by its ability to fill a gap in the investor's portfolio.
Sinha says many fund houses not abiding by rules on minimum number of investors, awareness funds
DSP Merrill Lynch Mutual Fund on Monday launched three new schemes and targets to raise Rs 750 crore (Rs 7.50 billion) through the initial public offering for these schemes.
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