This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Equity flows turning positive could give fund managers firepower to invest in the markets. This could come in handy as flows from foreign investors have tapered off amid rising bond yields in the US.
Do keep the tax impact and exit load in mind before you take a decision to sell, says Vishal Dhawan.
Investors who issued units in liquid and overnight funds, as well as those with a short-term holding of less than 30 days, are likely to be impacted the most, say experts.
Shah Rukh Khan posed and artist Maqbool Fida Hussain painted at Bonhams, London. The painting was called "Art For Freedom".
According to its DRHP filed in 2010, the company's net worth was just Rs 140 crore. Its total income for the financial year 2009-10 stood at Rs 119 crore and it had a net profit of Rs 16 crore. In sharp contrast, at the end of March 2021, Paytm's networth was Rs 6,535 crore and total income stood at Rs 3,187 crore.
Many retail investors, who are experiencing their first bear market, are shocked at the erosion in the value of their mutual fund (MF) portfolios. The pain is especially acute for those who had taken excessive exposure to sector/thematic and small-cap funds. Even international diversification has failed to stanch the bleed in this downturn.
'Is taxable amount above 1 Lac is also to be shown as income from other sources?'
Sebi is reportedly examining the matter internally and has reached out to the fund house on the matter.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
Zee and its lenders had decided to enter into an agreement to not offload the pledged shares amid a sharp slide in the prices of the underlying securities during end-Janury. The terms give the lenders a greater say, upside benefit from the proposed strategic sale, more cover and personal guarantee.
Outlined here are the most relevant information points where a lack of standardisation has been noticed.
After the Franklin Templeton episode, investor confidence has been shaken. Known brands have become more relevant to investors, as long as this psychological impact lasts.
Investors continue to back-up equity mutual funds in June as such schemes attracted a net inflow of Rs 15,498 crore on strong flows from systematic investment plans despite volatility in the stock market and relentless selling by Foreign Portfolio Investors (FPIs). This also marked the 16th straight month of positive inflow in equity schemes. Inflows into equity mutual funds in June was lower compared to the net inflow of Rs 18,529 crore seen in May, data from the Association of Mutual Funds in India (AMFI) showed on Friday.
Investments in mutual funds gained traction in April, with the industry seeing an inflow of nearly Rs 1.86 lakh crore as investors parked their cash in fixed income schemes, seen as safe havens.
Tax-saving equity-linked savings schemes saw month-on-month rise in inflows at Rs 1,166 crores.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Equity MF schemes recorded worst inflows in three and a half years at Rs 1,311 crore for November. Investors across the board have taken money off the table as markets have scaled new highs. Industry experts said SIPs had stayed intact, which is a healthy sign for the MF industry.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Mutual fund investors had much reason to cheer as equity markets posted one of the strongest weekly gains in the recent past. \n\n
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Exodus of top managers an unintended side effect of roaring MF industry
This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Depressed markets, Sebi queries, change in guidelines halt launches.
Experts believe the new norms may be an indirect way for Sebi to apply the brakes on dividend option plans in MFs.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'Any normalisation exercise will bring its share of volatility.'
Air Marshal Chaudhari is presently serving as Vice Chief of the Air Staff.
The Securities and Exchange Board of India (Sebi) on Monday relaxed the norms for valuing perpetual bonds. The norms, which had sought to value banks' deemed residual maturity of Basel III additional tier 1 (AT1) bonds as 100-year debt from April 1, were strongly opposed by the finance ministry. In a statement released on Monday, the regulator said the maturity would be 10 years until March 31, 2022, and would be increased to 20 and 30 years over the subsequent six-month period.
'I don't see any major setback for the Indian markets post the US Fed event.'
With the prevailing uncertainty in equity markets and an indefinite postponement of hopes of any recovery, retail investors accessing stock markets through equity mutual fund schemes are wriggling out fast.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Infrastructure funds, which bet on stocks closely linked with infrastructure development in the country, have emerged as one of the best-performing categories over the past year. They have generated an average return of 90.63 per cent - the third-best, after technology funds and small-cap funds. Of the 21 schemes in the category, seven have given a return of more than 100 per cent in a year.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Indiabulls has received Sebi's approval to enter the mutual fund operations.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.