The pensioners have been agitating for last 18 years
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
Despite uncertain times and market volatility ahead, investors should continue with their disciplined investing via SIPs.
The Centre on Monday said nationalised banks, which were provided equity as part of capital restructuring need not return it.
At the start of 2016, HDFC Bank, Infosys, ICICI Bank, L&T and Axis Bank were the top five picks of fund managers
"The 21,000 level is meaningless. In the past five years, earnings have grown 40 per cent. One should look at the P/E. We are very positive on the market despite elections being around the corner," says Milind Barve MD, HDFC AMC.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Fund managers have been advising investors not to keep their return expectation higher
Buoyancy in the equity market and the soft interest rate regime have prompted insurers like the LIC to focus on unit-linked products that provide life cover as well as tax benefits and capital appreciation to investors.
Exodus of top managers an unintended side effect of roaring MF industry
Life Insurance Corporation and UTI Mutual Fund are in the fray for entering the lucrative pension business, which is slated to grow to Rs 50,000 crore (Rs 500 billion) by 2010.
Given its focus on the real estate sector, financial planners feel this scheme is not meant for first-time investors and any investor should only have 5 to 10 per cent exposure to this fund.
Chandresh Nigam will join Prudential-ICICI MF in July as senior fund manager (equity), and will report to Dileep Madgavkar, vhief investment officer.
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
Exult Inc, a US-based firm that provides human resources services to companies, is setting up a business process outsourcing unit in Mumbai to service overseas clients, a senior official said.
From acquiring creative agencies, to setting up onsite innovation centres and turning around BFSI with entirely new digital offerings, 2018 had seen the IT industry going from initial lows to new highs.
'Perhaps the biggest change is in terms of mindset when it comes to the art of the possible when chasing.'
'A modern team knows that knocking off 120 runs in 10 overs is eminently possible.' 'When things click, that can translate into 450 in 50 overs,' says Devangshu Datta.
Mutual fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.
