The Securities and Exchange Board of India (Sebi) has directed Franklin Templeton MF to pay Rs 5 crore as penalty, return over Rs 450 crore collected as 22-month investment management and advisory fees, and imposed a two-year ban on launching new debt schemes for alleged irregularities in running six of its debt schemes that were shuttered last year.
Gold exchange traded funds (ETFs) witnessed a net outflow of Rs 248 crore in February, making it the second consecutive month of withdrawals as investors preferred equities over other segments on record SIP flows. Net outflows from the gold ETFs were at Rs 452 crore in the month of January. Prior to that, the asset class had seen a net investment of Rs 313 crore, according to the data of Association of Mutual Funds in India (Amfi). Despite the outflows, the category witnessed an increase in net assets under management (AUM) of gold ETFs to Rs 18,727 crore at the end of February from Rs 17,839 crore in January-end.
The Supreme Court on Tuesday said it would consider a joint request for mediation of low-cost airline SpiceJet and media baron Kalanithi Maran and his Kal Airways for amicably settling all pending disputes between them including the row over the share-transfer issue. A bench comprising Chief Justice N V Ramana and Justices J K Maheshwari and Hima Kohli was apprised by senior advocate Mukul Rohatgi, appearing for SpiceJet, that there were three pending issues between the low-cost airline and Maran and out of these, one has been settled on July 29. Initially, Rohatgi sought four to six week time for settling all the issues between the parties.
This was the second consecutive game in which Kohli, who usually has a safe pair of hands, dropped an easy catch.
Shaw continued from his unbeaten 240 from overnight and brought up his triple ton.
Investors continue to back-up equity mutual funds in June as such schemes attracted a net inflow of Rs 15,498 crore on strong flows from systematic investment plans despite volatility in the stock market and relentless selling by Foreign Portfolio Investors (FPIs). This also marked the 16th straight month of positive inflow in equity schemes. Inflows into equity mutual funds in June was lower compared to the net inflow of Rs 18,529 crore seen in May, data from the Association of Mutual Funds in India (AMFI) showed on Friday.
This is a key reason for the finance ministry's objection to fixing the tenure at 100 years, as it is pushing PSBs to be self-dependent and raise funds from the market, reports Hamsini Karthik.
Prime Minister Narendra Modi on Monday launched e-RUPI, a person and purpose specific digital payment solution that is aimed at improving transparency and targeted delivery of benefits. Over the years, several programmes have been launched to ensure that the benefits reach its intended beneficiaries in a targeted and leakproof manner, with limited touch points between the government and the beneficiary. The concept of electronic voucher takes forward this vision of good governance. To begin with e-RUPI facility is available for health services and will be expanded to other segments.
Undeterred by the stock market volatility, uncertainty due to the Ukraine-Russia war and high inflation, equity mutual funds continue to remain attractive choice for investors for the 15th straight month, registering a net inflow of Rs 18,529 crore in May on robust SIP numbers. This was higher than Rs 15,890 crore net inflow in April, data from the Association of Mutual Funds in India (AMFI) showed on Thursday. Equity schemes have been witnessing net inflow since March 2021, highlighting the positive sentiment among investors.
'Think of the poorest retail investor before you decide to go for an IPO'
The remaining 0.35 per cent will be credited in December this year, if the EPFO is able to redeem its equity investments.
Stunning images of the Super Flower Blood Moon has left people around the world gasping. A super blood moon is a combination of a total lunar eclipse and a brighter-than-usual supermoon. The biggest draw of this celestial event is that a supermoon and a total lunar eclipse are occurring simultaneously. In the past 10 years, there have been just 10 total lunar eclipses. The next total lunar eclipse will occur about a year from now. But a near-total eclipse will come on the night of November 18 to 19, says Diana Hannikainen, observing editor at Sky & Telescope.
Delhi Capitals will look to put the 'no-ball' controversy behind and gain much needed momentum against another side seeking course correction, the Kolkata Knight Riders, in the Indian Premier League.
The Queen's coffin then lowered into the royal vault in preparation for her final resting place by the side of her late husband of 73 years, Prince Philip, in an enclave of the historic chapel on her south-east England estate of Windsor.
Gautambhai has shown that he has ability to withstand payment delays or vexatious court cases. That is where he is on a more comfortable wicket than many others. A revealing excerpt from R N Bhaskar's Gautam Adani: Reimagining Business in India and the World.
Odisha were not doing enough to test Laxmikant Kattimani in Hyderabad goal before Jerry scored against the run of play, turning in a Nandhakumar Sekar low cross at the front post past Kattimani.
The huge pressure on the currency market largely went unnoticed because of the demonetisation exercise.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Multi-cap funds are best suited to exploit the present market scenario as they are free to invest across all market capitalisations and sectors, says Naveen Kukreja, CEO and co-founder, Paisabazaar.com.
More than Mahendra Singh Dhoni wielding his magic with the bat, it was young Rishabh Pant's captaincy which left everyone bewildered.
Ponting, a former World Cup-winning Australia skipper, responded to a variety of questions during an interactive session with his fans on Twitter.
Whether it is Nargis in Mother India or Nirupa Roy in Deewaar, Mama's a scenestealer while Dad is just a shadow. There are films that have explored the Dad's character with tender affection
'With vendetta politics as its main plank, the BJP will be looking out for every opportunity to destabilise this Mahagatbandhan government.'
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Our government has failed the country on several counts. All this must change for India to redeem itself in six months, says Naushad Forbes.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
'Kartik is an outsider, so he takes nothing for granted. That's why he will do well.'
IMAGES from the IPL match played between Mumbai Indians and Lucknow Super Giants in Mumbai on Sunday.
The second season of Illegal is neither gripping nor realistic, rues Namrata Thakker.
IMAGES from the 1st T20I played between India and South Africa in New Delhi on Thursday.
Debt-ridden Vodafone Idea (VIL) has decided to opt for converting about Rs 16,000 crore interest dues liability payable to the government into equity which will amount to around 35.8 per cent stake in the company, as per a regulatory filing of the telecom firm. If the plan goes through, the government will become the biggest shareholder in the company which is reeling under a debt burden of about Rs 1.95 lakh crore. "...the board of directors, at its meeting held on 10th January 2022, has approved the conversion of the full amount of such interest related to spectrum auction instalments and AGR dues into equity.
It remains to be seen if Rishabh Pant retains his place in the team after his shocking dismissal at a crucial stage in the second innings of the second Test.
The Punjab bowlers led by Kagiso Rabada have fared well. But the likes of Vaibhav Arora, Arshdeep Singh along with Rahul Chahar, who has nine wickets, would need to be on the money.
Raj Kumar Gupta directs the film, inspired by real life events.
Images from the second One-Day International between India and the West Indies, at Port of Spain, on Sunday
Foreign portfolio investors (FPIs) who invest from Mauritius into Indian companies that dole out bonus debentures will get impacted by the tax avoidance provisions on bonus stripping. The FY23 Budget has extended these provisions - applicable only to MFs, so far - to shares and units of REITs, InvITs and AIFs. The move will especially affect large institutional investors who sell original units within nine months after the record date because the loss arising from sale of original units would have to be ignored for the purposes of computing taxable income and cannot be set off against any other capital gain.
Mumbai Indians head coach Mahela Jayawardene says it's just a 'matter of time' before captain Rohit Sharma plays a big knock, something which his team desperately needs to arrest its slide in IPL 2022.
Nikunj Saraf, Vice President Choice Wealth, answers your Mutual Fund queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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