SIPs keep MFs afloat as investors redeem Rs 1.3 lakh crore in one year
Restrict investment to Rs 50,000 for tax benefits, experts tell Sanjay Kumar Singh, but caution that taxation at maturity and compulsory annuities are dampers.
According to ICRA, even in a high-growth scenario, wherein the second half of FY20 sees the incremental bank credit rise to Rs 6.5-7 trn, there will still be a 40-45% year-on-year decline.
While stocks are at cheap valuations, the volatility can be unnerving.
China is very popular in terms of the place to invest and it is growing at a double digit GDP growth. But, India is very attractive long term play, because of the changes that are happening in the country. Firstly, the demographics in India are favourable with nearly half of the population under 26 years of age, says Dr P. Brett Hammond.
External Affairs Minister Pranab Mukherjee on Tuesday called for close cooperation between India and Bangladesh for building mutual trust to combat the threat of terrorism.
The 51-year-old , who first officiated as a match referee in domestic women's cricket in 2008-09, will be eligible to referee international games with immediate effect.
This works only for longer-tenured ones such as income funds, as the element of interest rate risk is reduced.
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.
If the FM can levy education cess to meet the cost of education, then why not defense cess for defense cost, health cess, food cess, and so on. What are the tax collections meant for, asks Kanu H Doshi, partner of Kanu Doshi Associates, chartered accountants, Mumbai.
Jio has accused incumbent telecom operators for not providing the required number of equipment to connect its mobile network with theirs
The external affairs ministry was authorised on Thursday by the Union Cabinet to negotiate and finalise the text of the Convention for cooperation on criminal matters, so that it can be signed during the SAARC Summit in August, to be attended by Prime Minister Manmohan Singh.
The proposal to scrap 'indicative portfolios' has arisen because investors have sometimes found deviations of as much as 80 per cent between the indicative and actual portfolios. In some cases, the entire corpus has been invested in a single instrument. Sebi will also consider Amfi's suggestion of a 3 to 6 per cent exit load for FMPs, a minimum tenure of three months and a faster processing of redemption payouts,
BSE's, NSE's overnight liquid fund facility can help stock investors maximise returns
The objective of Sahara Power Fund would be to invest "in equities and equity-related securities of companies engaged in the business of generation, transmission, distribution of power or in those companies engaged directly or indirectly in any activity associated with power sector", said the draft document filed with the market regulator SEBI.
'Our biggest advantage is that the troops are much better trained and motivated than the Chinese and can improvise and manage with a part of the resources.'
'The new ceiling will cover around 93 per cent of all deposit accounts, up from 90 per cent earlier,' notes Tamal Bandyopadhyay.
The high point of the trip will be Goyal's meeting with US Trade Representative Robert Lighthizer on November 13, which is expected to see the USTR push India towards lower import duties in a broad range of areas.
These transactions have come for shareholders approval because of requirements under the new companies law and amended listing agreements.
Viewing terrorism as a 'serious threat' to South Asia's peace and development, members of the South Asian Association for Regional Cooperation on Thursday decided to have regular exchange of information to combat the menace and push efforts for establishing a convention for mutual legal assistance in criminal matters.
Bangladesh will ask the Indian government to extradite Bangladeshi criminals hiding in India at the second annual South Asian Association for Regional Cooperation meeting of home ministers to be held in New Delhi.
A photo symbolising "love and compassion" of an 85-year-old Brazilian woman getting her first embrace in five months from a nurse through a transparent "hug curtain" has been named the World Press Photo of the Year. This year, according to organisers, 74,470 images were submitted for judging, made by 4,315 photographers from 130 different countries. World Press Photo has been kind enough to allow to share some of this year's winning photos here with you.
New York-headquartered hedge fund BlackRock Inc has acquired the 40 per cent stake held by Merrill Lynch in mutual fund DSP Merrill Lynch Fund Managers, in a move that signals the world's fifth largest asset manager's entry into the booming Indian market.
Investors can now look forward to new opportunities in the global markets with eased overseas investment norms for mutual funds, which provides the much-needed quality diversification to their portfolios, the industry experts said.
The Specified Undertaker of Unit Trust of India (SUUTI) is ready to pay the Rs 8,000 crore due to the 1.2 million investors in Unit Scheme 1964 (US-64), many of whom have been associated with India's oldest mutual fund scheme for 44 years.
'Employees may well be expected to be on call at almost all times -- much like the standard Indian approach to the workday,' points out Mihir S Sharma.
For the wealthy, post-tax returns of debt funds would work out better
The US election campaign has provided plenty of ammunition for the CCP to make its case that its political system is superior.
Telecom Regulatory Authority of India has pulled up Cellular Operators Association of India
For re-verification through Aadhaar-based eKYC process, the operator will send a verification code to the mobile number of the subscriber.
Prasanna D Zore/Rediff.com reports on the chaos facing taxpayers with the income tax department making changes to ITR 2 and 3 forms just before tax-filing deadline.
The issue at hand is not ASEAN versus Chindia, but ASEAN plus Chindia. Given the strengths of ASEAN and the growing muscle of India and China, the scope for constructive cooperation is immense, he said.
'How can someone who has never been associated with the movement and never had darshan of Ram Lalla mediate on the matter of temple construction? We have gone to jail for it, faced house arrest and have been fighting court cases. Sri Sri does not qualify to mediate on the matter.'
Securities and Exchange Board of India and the Association of Mutual Funds In India are working together towards forming guidelines and regulations for real estate funds.
'What is critical today in India is confidence of depositors.' 'If you have these kinds of problems spreading like this, the confidence level of a lot of people in the system gets shaken.'
Reliance Mutual Fund has collected Rs 1,773.5 crore through the Initial Public Offering for its Equity Opportunities Fund.
The company is in talks with young star Ranveer Singh to replace Salman
India has maintained that there can be no talks with Pakistan unless it stops supporting terrorists.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
