The scheme encourages retail investors to participate in capital markets.
According to sources, in a January 6 letter to the department of financial services under the finance ministry, LIC said it wanted to stop sponsoring LIC Nomura Mutual Fund, and might offer some of its stake in LIC Housing Finance to other shareholders.
UTI, HDFC, Reliance MF and SBI MF already source 17-25% of funds from small towns.
Sinha says many fund houses not abiding by rules on minimum number of investors, awareness funds
'Both IIP and CPI inflation numbers are showing a huge disconnect from the leading indicators.'
India's second-largest passenger vehicles firm will be valued at Rs 1.59 trillion at the top-end of the price band of Rs 1,865-Rs 1,960.
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.
RBI's surprise rate cut has revived sentiments of India Inc.
The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government, says N Sundaresha Subramanian.
Single window clearances for realty must.
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