The Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
I would advise at least a 7 year investment time frame for Equity Investing
In an online chat with readers on August 10, Vidya Bala, Vidya Bala, head of mutual fund research at FundsIndia, answered their queries. For hose who missed the chat, here is the transcript.
Despite the toned-down estimates, Sukumar Rajah, MD and CIO -- Asian Equities, Franklin Templeton Investments, tells Business Standard that India maintains the lead in economic growth vis-a-vis most of its peers and the regulatory risk will reduce.
Flipkart Group on Monday said it has raised $3.6 billion (about Rs 26,805.6 crore) in funding led by GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2 and Walmart, valuing the e-commerce giant at $37.6 billion. The company, which competes with Amazon, Reliance Industries' JioMart and others in the burgeoning Indian e-commerce market, said it will continue to make deeper investments across people, technology, supply chain and infrastructure to address the requirements of a rapidly growing consumer base in the country. The current funding round has also seen participation from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad as well as marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'The potential headwind is that the Indian economy is likely to see a slowdown in growth rates over the next two years.'
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The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Schemes among the six wound up by the fund house had given a loan of Rs 518 crore against non-convertible debentures to the firm in March 2019, according to ED's chargesheet.
Unlike his compatriot Jacob Oram, who said he could not connect with the IPL, Kiwi batsman James Franklin said he was enjoying being part of the Indian Premier League.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Vice President Dhankar's and Law Minister Rijuju's recent interventions have the danger of destabilising the Constitutional equilibrium, cautions N Sathiya Moorthy.
If you plan to send your child to the US five years from now and expect the rupee to depreciate five per cent every year, adding US funds to your portfolio might be a good idea, says Ashley Coutinho.
India's Pooja Rani out-punched Algeria's Ichrak Chaib in her opening bout to enter the quarter-finals of the 75kg boxing competition in her maiden Olympic Games in Tokyo on Wednesday.
The NGO runs a football program in rural Jharkhand covering 450 girls.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Amit Shah's net worth grew 32 per cent to Rs 37.91 crore, mainly due to 80 per cent appreciation in the market value of his securities.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
Over the past 25 years the MF industry has come a long way. Geographic reach has increased, many more customers have been added, more channels have been opened up and the product basket is full.
This is the third instance when rain or bad weather robbed India off a certain win with opponents 8 down. The other two such instances were against West Indies at Calcutta in 1978-79 and against South Africa at Johannesburg in 1996-97.
India and the US on Friday operationalised the "path-breaking" bilateral nuclear deal as they signed the 123 Agreement here, with New Delhi insisting that the accord is "legally-binding" on both sides.
As Prime Minister Narendra Modi visits US, fund managers from India and abroad expect improving sentiments and impressive returns from Indian markets to help attract billions of dollars flowing into the country's asset management industry.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Forget Starbucks coming into India. Witness the expansion of Caf Coffee Day, which is set to mushroom across the country.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The United States has said that it is taking up steps with India to finalise the civilian nuclear initiative by coming to an understanding on the 123 agreement that is currently under discussion by the two sides.
Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.
Walmart-owned Flipkart will undertake a buyback employee stock options worth about Rs 600 crore, according to sources Earlier in the day, Flipkart announced raising $3.6 billion (about Rs 26,805.6 crore) in funding from a clutch of investors that valued the e-commerce major at $37.6 billion (about Rs 2.79 lakh crore). In an e-mail to employees, Flipkart group chief executive officer Kalyan Krishnamurthy lauded the critical role played by the staff in reaching this milestone.
The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.
Companies featuring in the Next 500 list are mostly mid-sized and termed as the 'small wonders' by the magazine.
We expect the Indian equity market to continue attracting interest from local as well as foreign investors. This is because India's economy is expected to continue to record sustained economic growth.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Concerned over attempts to monopolise its traditional knowledge, India on Tuesday asked the United States to tighten its Intellectual Property Rights regime and put in place proper disclosure norms for companies filing for patents.
'Today, there is no easy money to be made after the run-up in equities.'
Investor folios exceed 2 million, assets more than double since FY14.
To be fair, one year is too short a period to judge the schemes' performance.
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