Regarding the applicability of stamp duty on redemption of mutual fund (MF) units, Sebi said, "Redemption is not liable to duty as it is neither a transfer nor an issue nor a sale." However, switching in mutual fund would attract stamp duty. "The issue of fresh units in the switched scheme would attract stamp duty even though there is no physical consideration paid or transfer of ownership," Sebi said.
The Department of Disinvestment, which is the nodal department for carrying out PSU stake sale, will finalise the cabinet note after appointment of asset management companies to handle PSU ETF.
There was nobody to look after the archers, they were training on their own though their parents were outside the ground. An arrow shot by a boy trainee who was doing compound event practice hit her on the shoulder.
Such schemes try to exploit an anomaly in taxation, but aren't in violation of laws, experts say.
Investment guru and mutual fund expert Ashok Kumar, answers all your MF related queries.
Find out which kind of mutual fund scheme you should invest in by taking into account your financial goals and investment time horizon.
MFs have benefited from a shift to financial assets from physical assets like real estate and gold.
The railways was not intimated about a Dussehra event along the tracks that led to the deaths of at least 61 people in Amritsar.
India is a classic emerging market, which, with economic liberalisation, has unleashed a prolonged period of rapid economic growth.
From Rs 191 billion in 2019, the world's largest film producing industry now stands at Rs 72 billion thanks to the pandemic.
Taking a dig at the construction of a wall on a plot having several slum structures in Ahmedabad ahead of Trump's visit there, the Sena said the US president's trip would neither stop the fall of rupee's value in forex market nor offer betterment to those (slum dwellers) behind the wall.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Aseem Chhabra imagines a time, 20 years from now, when movie-watching in theatres will be long gone, thanks to the coronavirus, and pens a letter to his grandchild, explaining the magic of the cinema hall.
'We would advise investors to hold on to multi-cap funds and not invest further until further clarity emerges.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Knowing these will save you from taking undue risks, losses and also create wealth in the long run, says Dwaipayan Bose.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
India has purchased 500 million doses of the Oxford University-AstraZeneca vaccine candidate, one billion from the United States company Novavax and 100 million doses of the Sputnik V candidate from Russia's Gamaleya Research Institute, according to the US-based Duke University Global Health Innovation Center.
Equity MF schemes recorded worst inflows in three and a half years at Rs 1,311 crore for November. Investors across the board have taken money off the table as markets have scaled new highs. Industry experts said SIPs had stayed intact, which is a healthy sign for the MF industry.
If one compares returns, the two public-sector ETFs have done better over the past year, but the ELSS category has done better over the trailing three and five years.
The 'bad bank' -- which will help banks clear their balance sheets by transferring the NPAs to special purpose vehicles -- has been one of the most debated ideas for stressed asset resolution.
We believe equity markets in 2011 will be volatile. However, for investors, volatility will provide investment opportunities.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The 'terrible' surge of the coronavirus cases in India has severely impacted COVAX's vaccine supply in the second quarter of this year to the extent that there will be a shortfall of 190 million doses by the end of June, according to a joint statement by the WHO, UNICEF, GAVI and CEPI.
Did your favourite TV star win? Find out here!
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.
Aseem Chhabra lists his 10 favourite non-Indian shows streaming in India -- classics as well as recent shows.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Equity investors should thank cash-rich biggies such as TCS, ITC, HUL, Nestl, and Bajaj Auto for this.
The city was the first to get a look at Hrithik-Barbara's tryst on the big screen.
Sentiments may get impacted as mutual funds have been gaining traction among investors as route to invest in stock markets
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Investment experts said the key to generating superior returns was "asset allocation" and taking money out of the table from themes that have performed well and into themes that are available at a discount.
Meet 35-year-old Christina Hendricks, the star of AMC series Mad Men, who earlier this year was named Sexiest Woman Alive by readers of men's magazine Esquire.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
A 1976 batch IAS officer of the Bihar cadre, Sinha replaces C B Bhave who retires on February 17, 2011.
Do keep the tax impact and exit load in mind before you take a decision to sell, says Vishal Dhawan.
The restructuring of UTI, which started seven years ago when the country's oldest mutual fund failed to meet redemption obligations, is nearly complete.
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