Small and midcap schemes may impose restrictions on redemptions, cap employee withdrawals, and increase the exit load, while ensuring a proportionate liquidation of the portfolio during market crises to safeguard the interests of all investors. These measures have been outlined in the investor protection policies recently put out by mutual fund (MF) trustees. The policies for small and midcap schemes were prepared by MF trustees following directives from the Securities and Exchange Board of India (Sebi) earlier this month.
The police team also found a suicide note addressing his father where the boy had expressed his incapability to crack the JEE, he said.
Hizbul Mujahideen terrorist Sajid Ahmad Gilkar was killed in an encounter on Wednesday.
A Deputy Superintendent of Police was assaulted by armed liquor smugglers when he along with his team went to raid an illicit liquor shop in Pilkhuwa area in Ghaziabad, police said on Wednesday.
Congress Vice-President Rahul Gandhi on Saturday met the family of slain DSP Zia-ul-Haq at his village in Deoria and assured that they will get justice.
DSP Merrill Lynch Fund Managers Limited Senior Vice President Anup Maheswari told reporters in Kolkata on Tuesday that the fund, to be launched next month, would target small and mid-cap companies having huge growth potential.\n
When the police personnel stopped him and asked him to leave the temple premises as non-Hindus are not allowed entry into the temple, Thomas allegedly assaulted the cops, they said.
Police appointed an inspector general to probe into an unverified letter that surfaced on social media, purportedly written weeks before his death by Deputy Superintendent of Police Devendra Mishra. It had alleged links between the Chaubeypur station officer and the gangster.
Soumendra Nath Lahiri, senior VP, Equities, at DSP Merrill Lynch, says that they have maximum midcap exposure to media and IT in Opportunities Fund. The company has increased exposure to Mastek and Deccan Chronicle, he adds.
Data from Amfi shows that NAV of every one in two BAFs declined 1.5% or less on Monday compared to a 3.13% decline in Nifty 500.
The widow of slain police officer Zia-Ul-Haq has refused to accept the job offered by the Uttar Pradesh government saying that she would not accept anything other than a DSP's post.
The Central Bureau of Investigation on Friday filed a chargesheet before the special court in the murder of Kunda DSP Zia-ul Haq without naming former minister Raja Bhaiya, who was an accused in the FIR filed by the officer's wife.
The wife of slain DSP Zia-Ul-Haq was on Friday night appointed as Officer on Special Duty Welfare by the Uttar Pradesh government.
The outflows could be a result of a mix of factors led by the underperformance of some of the larger funds amid elevated return expectations.
'Despite the current uncertainties, the long-term outlook remains constructive due to strong fundamentals, government initiatives, and a stable banking sector.'
Union Minister of State for Home R P N Singh met the family of the slain Uttar Pradesh DSP Zia-ul Haq at his native village here and assured that the CBI probing the case would expose the guilty.
He used his service revolver to kill them.
DSP Merrill Lynch Mutual Fund on Monday launched three new schemes and targets to raise Rs 750 crore (Rs 7.50 billion) through the initial public offering for these schemes.
'Liquid ETFs help in cash management by enabling a smooth transition between equity and cash within the same settlement cycle, as they trade in the same segment as equity.'
The arrests came on the basis of interrogation of five Al-Badr terrorists nabbed over the past two days.
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.
Former Uttar Pradesh minister Raghuraj Pratap Singh alias Raja Bhaiya Thursday underwent lie-detection test in connection with the murder of Kunda DSP Zia-ul-Haq.
Buoyed by the 'feel good factor' in the economy, investment banking firm DSP Merrill Lynch on wednesday raised India's GDP forecast for 2003-04 to 7.3 per cent from the earlier prediction of 6.7 per cent.
CBI sources said 44-year old Raja Bhaiya, who is prime accused in the FIR registered by Kunda DSP Zia-ul-Haq's wife Parveen Azar, has been summoned by the agency for questioning in connection with the larger conspiracy related to the murder of Balipur village head Nanhe Yadav.
Chief Minister Mehbooba Mufti warned that there could be a backlash if the force loses patience.
The Central Bureau of Investigation is all set to start a probe into the death of DSP Zia-ul-Haq in Pratapgarh in Uttar Pradesh in the backdrop of a growing demand for action against the state's ruling Samajwadi Party leader Raghuraj Pratap Singh alias Raja Bhaiya.
DSP Merrill Lynch aims to raise Rs 700-750 crore (Rs 7-7.50 billion) from its three new schemes, which will open on Tuesday.
In 2006, Kothari had sold 48 per cent stake in the company to Merrill Lynch. Kothari will be retiring from the company effective from March 31.
The country's six largest smallcap schemes would require more than 20 days to liquidate half of their holdings, despite most of them maintaining high cash levels and having considerable exposure to more liquid largecap stocks, stress tests conducted by fund houses reveal. For midcap funds, the time required to sell half of the assets of the top six schemes varies between seven and 34 days, according to disclosures made by asset management companies. The Securities and Exchange Board of India (Sebi) had called for such tests in the face of strong inflows into smallcap and midcap funds, despite concerns over high valuations, to keep investors better informed.
Union Bank of India plans to distribute mutual fund products of DSP Merrill Lynch Mutual Fund as a part of its strategy to increase fee based income.
The letter, which has surfaced on social media, alleges that station officer Vinay Tiwari had got a serious charge against Dubey dropped. Police suspect that Vinay Tiwari may have tipped-off Dubey that a police team was on its way to arrest him.
An 18-year-old NEET aspirant from West Bengal, preparing for the medical entrance test in Kota at a coaching institute, died on Wednesday morning after being found unconscious in his PG room, the police said.
Brandishing sticks and swords, a mob vandalised the car of the president of a gurdwara management committee over the 'removal' of a poster of slain Sikh separatist Jarnail Singh Bhindranwale, police said on Monday.
The government is believed to have zeroed in on DSP Merill Lynch for appointment as advisor and UBS and I-Sec as lead manager for the proposed public offer in Bharat Petroleum Corporation.
Radical Sikh preacher and Khadoor Sahib MP Amritpal Singh's brother Harpreet Singh has been apprehended by Jalandhar police in a drug case, a senior police official said on Friday.
'Investors should do proper analysis before putting in their money in NFOs as most new launches are in the high-risk thematic space.'
The change in debt fund taxation is seen as boosting the demand for hybrid funds. It is no surprise then that asset management companies (AMCs) have launched a raft of new products in the multi-asset category. However, they seem to be divided on the asset mix and approach. The multi-asset space, which provides fund houses ample scope to innovate, has seen five launches in as many months.
The Central Bureau of Investigation team probing DSP Zia-ul-Haq's murder case has written to the Uttar Pradesh government for removal of local police officers in Pratapgarh's Kunda circle stating that their presence might affect the investigation.
