'Expectations are high regarding the change in LTCG with respect to equity investments.'
After a stellar 2023, the mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation. Experts are predicting the positive trend will extend into 2025.
Release of key macroeconomic numbers, monthly derivatives expiry, and global cues are likely to drive stock market movement this week, according to analysts. Markets will also be reacting to remarks made by the US Federal Reserve Chair Jerome Powell, they said. "This week, we expect the market to witness a gradual up-move with stock-specific action.
In a comment loaded with sarcasm, Bharatiya Janata Party on Monday said former Prime Minister Manmohan Singh had wanted to do a lot of things during his tenure but "so many super PMs" had prevented him, triggering protests from Congress members.
The record lies with first prime minister Jawaharlal Nehru who did the honours 17 times from 1947 to 1964.
The improvement in the performance of actively managed mutual fund (MF) schemes is acting as a key tailwind for the nearly Rs 50 trillion industry, Kotak Institutional Equities (KIE) said in a report. The report adds that the two largest listed asset management companies (AMCs) - HDFC and Nippon India - are likely to be the biggest beneficiaries. "The industry has a solid track record of delivering alpha on 10-year returns (70-80 per cent of assets under management (AUM) beat the benchmark), with shorter duration performance also on an upswing.
'Of all the PMs of India, I had the closest relationships with Morarji and Rajiv.' Mark Tully, the most famous foreign correspondent in India, remembers some encounters with prime ministers, dictators and militants.
The mutual fund industry's QAAUM (Quarterly Average Assets Under Management) was up 37 per cent year-on-year (Y-o-Y) (9 per cent Q-o-Q) to hit Rs 59 trillion (end Q1FY25). The equity segment grew 55 per cent Y-o-Y and equity formed 56 per cent of total AUM, up 49 per cent in Q1FY24. Sequentially, AUM grew by Rs 5 trillion.
Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.
'Subject to any worldwide economic collapse.'
Global supermajor BP Plc's exclusivity with Reliance Industries Ltd has ended but the energy giant will continue to pursue oil and gas as well as mobility ventures in India with the Mukesh Ambani firm owing to an unwritten strategic partnership, BP's outgoing India head Sashi Mukundan said. BP in 2011 spent $7.2 billion to acquire 30 per cent interest in 23 oil and gas blocks of Reliance. Eastern offshore KG-D6 block was the cornerstone of the deal that also provided for a 10-year exclusivity period which meant that BP would take up energy projects or investments in India only in partnership with Reliance.
The IPO market will be bustling next week, with four companies, including Bajaj Housing Finance, set to launch their initial share-sale to raise a total of Rs 8,390 crore. Besides these four main-board IPOs, nine SMEs are preparing to debut with their maiden public issues next week, targeting to collect Rs 254 crore. Together, these 13 firms are looking to raise Rs 8,644 crore through IPO.
Economists who get too close to prime ministers eventually come to grief after their boss is defeated
Then prime minister Manmohan Singh's brief to his new information and broadcasting minister Manish Tewari on what should be the government's approach to the media was simple -- it should be an essay in persuasion, not coercion.
'More than investors, fund houses, and advisors have raised caution and limited flows on small-and mid-caps.'
The leader of Nepal's largest communist party was appointed as prime minister on Sunday by President Ram Chandra Paudel to lead the coalition government with the Nepali Congress (NC), the largest party in Parliament, apart from other smaller parties.
Prime Minister Narendra Modi on Thursday is scheduled to have as many as eight meetings, including with Vice President Kamala Harris, on the first working day of his current US trip.
'...you evaluate three key factors before committing your money.'
'Narendra Modi's friend's son presenting Narendra Modi's photo to Narendra Modi at the Narendra Modi Stadium'
The Securities and Exchange Board of India (Sebi) has proposed that at least 10 per cent of corporate bond market trades by foreign portfolio investors (FPIs) should be done on the request for quote (RFQ) platform. At present, most trades in the corporate bond market are over-the-counter (OTC), creating a lot of opacity. The markets regulator has been nudging debt market participants such as mutual funds (MFs), alternative investment funds (AIFs) and brokers to use the RFQ platform to boost secondary market liquidity and transparency.
'Rahul is not even a lamp before the sun'
'In the short term you keep your return expectations very, very low; in the medium term be prepared to invest and in the long term growth will come and your returns from stocks will be high.'
Axis Bank, Tata Steel, Kotak Mahindra Bank, ICICI Bank, Tata Motors, and Bajaj Finance were among the other major laggards. Tata Consultancy Services, Reliance Industries, UltraTech Cement, Infosys, HCL Technologies, and Tech Mahindra were among the gainers.
rediffGURU Dr Karthiyayini Mahadevan, head of wellness for senior citizens at Columbia Pacific Communities, tells you how you can stay healthy.
Besides the national capital, polling for the sixth round of the marathon seven-phase elections will be held Saturday in 14 seats in Uttar Pradesh, all 10 seats of Haryana, eight seats each in Bihar and West Bengal, six seats in Odisha, four seats in Jharkhand and one seat in Jammu and Kashmir.
'His record will be clouded by the same negative factors as of Rajiv Gandhi and Narasimha Rao, namely, their politics and therefore social policies,' says T C A Srinivasa-Raghavan.
'Modi is trying avenues to convince people why they should vote for the BJP.'
Separately, the poll panel also issued a notice to Congress president Mallikarjun Kharge, asking him to respond to the complaints filed by the BJP against him and the main opposition party's senior leader Rahul Gandhi regarding their remarks.
20 years ago this day, May 11, 1998, India conducted its second nuclear test at Pokharan in Rajasthan. In a fascinating interview on Rediff.com, K Subrahmanyam revealed how Indian PMs reacted to nuclear ambitions.
Equity benchmarks bounced back to end in the positive territory after trading lower for most part of the session on Thursday. The 30-share BSE Sensex climbed 223.60 points or 0.37 per cent to settle at 61,133.88. During the day, it had declined 431.22 points or 0.70 per cent to 60,479.06.
The queue for mutual fund (MF) licences has thinned down due to quick clearances by the Securities and Exchange Board of India (Sebi) alongside applications being withdrawn amid regulatory changes. There were, at the end of September, only two pending MF applications: By AngelOne and Unifi Capital. By comparison, there were 11 applications lying before the market regulator at the start of calendar year 2023.
rediffGURU and financial planning expert Colonel Sanjeev Govila will answer your personal finance-related questions.
Decisions should not be based on feelings, such as optimism or pessimism about the stock market or specific investment products, suggests Avinash Luthria.
Sebi on Tuesday decided to introduce a framework for accredited investors, a class of investors who may be considered as well-informed about investment products, in the Indian securities market. The board of Sebi after deliberation approved the proposal to introduce a framework for accredited investors. Under the proposed framework, individuals, HUFs, family trusts, sole proprietorships, partnership firms, trusts and corporate based on financial parameters would be eligible for accreditation of investors, Sebi said in a statement after the board meeting.
Is it a good idea to give Rs 1 crore to someone who promises you a return of 24% per annum, wonders financial advisor P V Subramanyam.
Experts say that despite the sizeable client base, PMS providers lag their domestic MF counterparts by quite a distance, when it comes to reporting and disclosure standards.
Most of the long-only funds are closed-ended. This means that investors have to lock in their money for a fixed period before they can take it back.
The PMS manager can only charge performance fee to investors if the fund has crossed its highest value as on the day when the fee is supposed to be charged.
With both the Indian and Australian Prime Minister set to visit the Motera Stadium for the opening day of the fourth Test, the security has been beefed up at the stadium.
'Very few of small investors stay invested for those three or four or five years.' 'If there's like a six month, one-year period when market is not doing well, you exit.' 'After the market has run up, you get in again.' 'This way you will never make returns.'
