Overall, the MF industry saw nearly Rs 5 trillion, or 18 per cent, of asset erosion in March, with the asset base shrinking to Rs 22.26 trillion from Rs 27.22 trillion at February-end.
This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.
ICICI Bank and HDFC Bank have effected a cut of up to 0.50 per cent in term deposit rates following tepid credit growth and ease in money market rates.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
Being more financially savvy helps women choose the right balance between consumption spending vs investing for future and can hold them in good stead as life hands out various twists and turns along the way, says Piyush Baranwal
Coming down heavily on MF players who in recent past chose to use shareholder fund to buy out debt of bleeding invested companies, Sebi said MFs can't have standstill agreements with companies and will take action against fund houses for such deals.
The country's 44 fund houses together garnered an average Asset Under Management) of Rs 9.04 lakh crore (Rs 9.04 trillion) during the January-March quarter of 2013-14, up from Rs 8.76 lakh crore (Rs 8.76 trillion) in the previous three-month period, Crisil said attributing the data to the Association of Mutual Funds in India.
Resist the temptation to react to every move of the market and remain disciplined with your investments till you reach your financial goal.
All markets will remain closed on Monday, April 14, on account of Dr Baba Saheb Ambedkar Jayanti.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
State Bank of India on Friday reduced its deposit rates by 0.25 per cent, making it the third bank after private sector rivals, ICICI Bank and HDFC Bank, to reduce deposit rates this week.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Securities and Exchange Board of India, in September 2012, had allowed fund houses to accept up to Rs 20,000 in cash per investor, per mutual fund in a financial year.
On a daily basis, AMCs are required to disclose the Total Expense Ratio of all mutual fund schemes except infrastructure debt fund schemes on their respective websites.
The financial services sector, including NBFCs and housing finance companies (HFCs), have historically been the largest borrowers from MFs.
Dollar's weakness against some other currencies overseas supported the rupee.
"If we are not getting anything then I think it is end of story for Vodafone Idea," Kumar Mangalam Birla said at the HT Leadership Summit when asked about the future of Vodafone Idea in absence of a government relief on payment of Rs 53,038 crore dues.
Due to tax associations with the fiscal-ending, April is a month of SIP renewal. So, the April numbers will be important and may perhaps, mark a change in retail attitude.
'While growth will bounce back from the current sub-5 per cent, it will stay lower than the already inadequate long-term average of 6.6 per cent,' notes T N Ninan.
Sebi pointed out instances of misleading the investors by reporting incorrect data on investor complaints, instances of inappropriate utilisation of funds meant for investor education, such as spending on programmes meant for financial advisors, charging of expenses to the said funds for stationery items such as notebooks, planners and calendars, and charging of expenses without adequate records.
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Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The minutes of the December MPC meet reveal members felt the current spike in the headline inflation rate was due to a temporary supply shock on the food front, expected to moderate by the second quarter of 2020-21.
In September, net equity inflows stood at Rs 6,609 crore, compared to Rs 9,152 crore in the previous month. In the last four months, this is the lowest net inflow tally seen by the equity category.
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
The move by the central bank follows concerns over tight liquidity conditions and banks' unwillingness to lend to NBFCs.
Inflation targeting is not de facto a kind of shock therapy that the RBI wants to administer.
No broker nor an expert who comes on the paid channels is ever going to tell you the following things... be careful... read on.
According to bond dealers, the spike in CD issuance could indicate that liquidity won't remain as comfortable by the end of the financial year (March 31) as it now is.
Higher levels could not be sustained as participants offloaded their long positions in view of September series expiry.
Lending rates have to be sensitive to the policy rate, says RBI.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The pound lost as much as 2 per cent, a fall not seen since early 2009
Within days of assuming charge, he faced allegations of having made RBI the finance ministry's extension counter.
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'Investors need to find out how the FMP's assets are distributed and ensure the investments are in high-quality names.'
Banks and mutual funds in India are earning abnormally high returns in money markets by breaching Reserve Bank of India rules forbidding forward trades.
The central bank's policy focus has shifted from reviving economic growth to defending a rupee that hit a record low of 61.21 to the dollar on July 8, when it was down more than 9 per cent since the start of the year.
It is focussing on long term growth, which may not be good for the currency.
The move will likely attract more retail investors.
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