Tax-saving equity-linked savings schemes saw month-on-month rise in inflows at Rs 1,166 crores.
According to industry players, over 50 FMPs have exposure to Zee Group companies.
30 per cent of all movies made in Tollywood are produced by chit fund companies.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Most of the NBFCs do not take public deposits but that does not mean they cannot create systemic risks. The banking system has at least Rs 57,000 crore exposure to IL&FS. Haven't the banks invested public money in IL&FS papers, asks Tamal Bandyopadhyay.
ONGC Videsh Limited (OVL), the foreign arm of government-owned Oil and Natural Gas Corporation (ONGC), is likely to raise about $900 million through a bond issue abroad in January 2013.
The RBI is expected to respond to some bankers' demand for abolition of cash reserve ratio, the amount of money which banks are required to keep with the central bank in cash.
Industry has been going through a phase of high interest rates, declining demand and insufficient working capital.
'The fiscal situation is stressed (when is it not?!), economic growth has slowed, tax revenue has fallen short and the deficit is high if it is properly accounted,' points out T N Ninan.
Paytm plans to launch mutual funds, insurance and banking services and s also providing the option to transact offline with a physical debit card
The Bombay Stock Exchange, the National Stock Exchange, forex, money market and oils & oilseeds will remain closed on Tuesday, December 9, on account of 'Bakri-Id'.
Continue to invest normally unless prices fall drastically in April-May. If prices do fall drastically, invest more than normal, advises Devangshu Datta.
Barring bullion, all other commodity markets as well as forex and money markets, the Bombay Stock Exchange and the National Stock Exchange remain closed on Tuesday on account of Mahavir Jayanti.
Monthly SIP inflow is Rs 6,000 crore, with a little over 1.75 million accounts
The career bureaucrat-turned-central banker walked into the 19th floor corner room of the Reserve Bank on December 12, 2018. Since February 2019, the Das-led RBI has cut the repo rate by a whopping 135 basis points to support the sagging growth, including an unprecedented 35 bps reduction in August. As he completes one year at the helm, woes in the NBFC sector, overall health of the banking sector and steeply falling economic growth are among the major challenges that needs to be tackled sooner than later.
Investing in mutual funds is a challenging task. Here's what you must know before you start your mutual fund investments.
Barring bullion, all other commodity markets, stock markets, forex and money markets to remain closed on Tuesday on account of Ram Navmi.
The Bombay Stock Exchange, the National Stock Exchange, Foreign Exchange and money markets will remain closed on Wednesday on account of 'Buddha Purnima'.
This Tuesday saw an upbeat in the money market.
Mutual funds offer liquid funds and ultra short-term funds in the debt category, which are suitable for short investment periods. Ultra short-term funds were earlier known as liquid plus funds.
Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.
'...because of its permanent nature.' 'If you work for the private sector or for yourself, you are not regarded as being employed,' points out T C A Srinivasa Raghavan.
At least a 25 basis points hike can be expected on the October 5 policy
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
This feat was achieved 25 years after the mutual funds industry was opened to private players. The industry now aims to achieve the next Rs 25 trillion in 5 years.
Sebi has allowed mutual fund schemes the option of 'side-pocketing' which move will help both fund houses and investors.
He said the move is aimed at benefiting a 'particular political party'.
Not many takers for debt funds with longer maturity.
Commercial banks now prefer one-year certificate of deposit (CDs) to short-term paper (of three- to six-month duration) to raise money, as volatility in the money market in the three months through December has made them focus on stability and improving their balance sheet.
Equity fund managers' other favourites are software stocks followed by pharma, finance and consumer non-durables
The elements are in place for another strong year.
The country's mutual fund industry posted five per cent growth in average assets under management (AUM) to touch all-time high of Rs 8.68 lakh crore in May on the back of strong inflows into money market and income funds.
With the ever-changing finance industry and the new rules brought out by SEBI, are you sure you are up-to-date on your mutual funds gyaan?
The CFA Program is recognised across the world and is very much in demand in India. Shalini Gupta finds out more about the course and the career prospects it offers.
Benchmark rate for new loans to be lower by 80-90 bps from Friday; move could increase competition but hit commercial papers.
The provision of consultation with the states has further created confusion on MSP
Major markets including, the Bombay Stock Exchange, the National Stock Exchange, the foreign exchange and money market will remain closed on Thursday for Ram Navmi.
All principal markets including commodity, the Bombay Stock Exchange, the National Stock Exchange, Foreign Exchange and Money Market will remain closed on September 7.
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