Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.
To be fair, one year is too short a period to judge the schemes' performance.
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.
'Today, there is no easy money to be made after the run-up in equities.'
Experts say the impact on the schemes' NAVs may vary in the coming days, depending upon how fund houses treat the developments on VIL and whether there are any further rating downgrades or credit events.
Monday's steep fall turned Sensex's yearly returns to - 2.57%, but only two large-cap funds did worse.
New Zealand all-rounder James Franklin feels Mahendra Singh Dhoni erred in his decision after winning the toss, and said the entire Kiwi outfit was surprised when the Indian skipper decided to bowl first in the second Twenty20 game at a relatively slow Chepauk pitch in Chennai.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Check out India's schedule on Day 7 of the Commonwealth Games in Gold Coast, on Wednesday.
New retirement schemes from MFs offer Section 80C benefit but locks in your money for five years
Corrective measures are already being taken by fund managers - overall allocation to the IT firm has been pruned by 120 basis points, from 4.43 per cent in March to 3.24 per cent in July
Investors can sell their entire equity and move to debt when stocks get expensive
'To ensure you remain with the better performers, you need to consistently monitor your MF portfolios and weed out the non-performers, even if they are from a star fund manager or a fund house with a sound record.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Here's what you should look at before investing in mutual funds.
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.
UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Tata Mutual Fund's 'own a piece of India' offering is suitable for informed investors.
Experts say the size of the fund shouldn't be a primary criterion for selection.
Investing merely on the basis of past return can land you in trouble even in debt funds, a supposedly safe asset class, suggests Sarbajeet K Sen.
Here are some of the best images clicked across the globe in the month of August.
Wondering if you did the right thing with your mutual fund investments?
Mid- and small-cap funds dominate the list, opening up opportunity for investors to make contra bets in large-cap funds
India will move beyond outsourcing software and systems management into realms such as medical design in 2006, predicts BusinessWeek.
Measured by returns in 2013, the top 10 funds had only three from large houses; nimble strategy could be a factor.
R Sukumar of Franklin Templeton Invetments (India) continues to be positive on the longer term prospects of the market although he feels that rising interest rates and inflation could pose as a problem in the short term.
Last October's circular meant that downstream investment by such funds by way of subscription or acquisition of shares would have been considered "indirect foreign investment" if their investment manager or sponsor is owned or controlled by a non-resident. The finance ministry has now said that mutual funds that invest more than 50 per cent in equity shall be omitted from the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.
In a live chat on rediff.com on Wednesday, July 16, 4 pm, Feroze Azeez, will offer some valuable suggestions on investments.
In 2021, there is the risk of interest rates spiking. Investors should tackle duration risk with a longer investment horizon, suggests Sanjay Kumar Singh.
Instead of getting swayed by market gyrations, investors must stay invested for the long term, advises Sarbajeet K Sen.
Find out if you do these 6 things to become one
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
As the stock markets scale new peaks almost every day in a pre-poll rally, a vast majority of Indian investors expect a further rise in equities in the current year, says a survey.
So unless you are convinced of getting your market timing absolutely bang on everytime, opting for SIPs is more realistic from a logistical and psychological standpoint, says Larissa Fernand
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Indian markets have risen 5.2 per cent in the last five days, but Mobius, who has one of the largest exposures to India among Brazil, Russia, India, China (BRIC) countries, says he cannot say the correction is over in the Indian markets.
Monitor how long the high cash position lasts. If it lasts for a month or two, it is fine. But if it continues for a couple of quarters, seek your advisor's opinion on whether to exit the fund.
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