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.
The scheme encourages retail investors to participate in capital markets.
The insurance company has formed a four-member committee headed by LIC chairman TS Vijayan to decide the valuation of LIC Mutual Fund.
HNI equity folios up 46% in the first half of FY15.
The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government, says N Sundaresha Subramanian.
UTI, HDFC, Reliance MF and SBI MF already source 17-25% of funds from small towns.
This works only for longer-tenured ones such as income funds, as the element of interest rate risk is reduced.
Though the number of Japanese foreign institutional investors in India is still negligible, it's significant that 8 of the 11 registered with Sebi entered in the past year and a half
LIC owns 3.69 per cent of the total listed universe based on available disclosures, the lowest since at least June 2009.
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.
Sinha says many fund houses not abiding by rules on minimum number of investors, awareness funds
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.
Indian Economy poised for growth, say experts.
The 35-year-old fails to understand how to decide whether a particular scheme should be kept in one's portfolio or not.
The repo rate has been unchanged since January, when the RBI increased it by a quarter percentage point.
Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February.
Nomura analysts said the Reserve Bank of India and the government would need to segregate the potential solvency issue at DHFL from liquidity issues at other larger wholesale NBFCs and HFCs.
Single window clearances for realty must.
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
Putting Indian markets on fire, the foreign investors have pumped in over Rs 1-lakh crore of so-called 'hot money' into stocks during 2014 -- taking their cumulative net investments here beyond Rs 10 lakh crore.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
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