Apprehending a sharp decline in business, mutual funds including UTI AMC have asked Finance Minister P Chidambaram to exempt all debt instruments from the proposed 0.15 per cent transaction tax.
Close to a million small shareholders have stake in nine NCLT-bound companies
Mutual fund houses hold Rs 3,400 crore of Yes Bank's 'riskier' bonds. Reliance MF, Franklin Templeton MF and UTI MF account for bulk of these exposures.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
'Most investors are still waiting for the winners to correct.'
Premium valuations era started in 2006 and went hand in hand with decline in the US interest rates
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.
Growth in India will pick up from current levels, says LEO Puri, managing mirector, UTI Asset Management Company.
If the FM can levy education cess to meet the cost of education, then why not defense cess for defense cost, health cess, food cess, and so on. What are the tax collections meant for, asks Kanu H Doshi, partner of Kanu Doshi Associates, chartered accountants, Mumbai.
Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.
The event will also hurt PNB's asset quality in the March 2018 quarter. While the finer details of the fraud have not been provided, making it difficult to gauge the exact impact, analysts say it will dent the bank's financials.
Insurance firms have designed amazing retirment plans to lure more customers.
Move over equity markets, mutual funds and bonds. Investors across India are these days picking up and trading in the latest investment avenue in town: the Gold Exchange Traded Funds.
Sharjah-based marketing executive Vijay Raghavan has sent the 264 bonds he got in lieu of the Unit Scheme 64 certificates he held since 1990 to the Special Undertaking of UTI. Though he has not firmed up his investment plan, Raghavan is expecting a refund soon.
An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual funds-related queries.
One can short-sell an ETF or buy on margin or even purchase one unit, which is not possible with index-funds/conventional MFs.
Fund houses' tie-ups with the postal department for marketing their schemes through post offices are yet to take off in a bigger way.
Chief Investment Officer of Prudential ICICI, Nilesh Shah discusses the current situation of the market in terms of inflows, valuations and the general consensus on the market.
Gold exchange traded funds are a new product, so investors should look at the cost of investing in them before making a decision.
UTI, India's first mutual fund, has been on the backfoot in a competitive marketplace. The fightback looks not just at new products, but new processes and investor services
M Damodaran, chairman and managing director of Industrial Bank of India was on Thursday appointed the chairman of Securities and Exchange Board of India.
The combined assets under management of the 32 fund houses in the country fell to Rs 5,49,114.82 crore (Rs 5,491.14 billion) in January, against Rs 5,49,942.02 crore (Rs 5,499.42 billion) at the end of December, 2007, latest data available on the website of Association of Mutual Funds in India show.
Franklin Templeton has won the mutual fund of the year award instituted by CNBC-TV18 and rating agency CRISIL.
Stay orders keep law out of citizen access even years after CIC rulings on opening market institutions to scrutiny
For equity investors, the risk-to-reward ratio is worsening.
It is advisable to avoid a fund until it develops a track record.
Our advice: exercise caution and don't get carried away by the exuberance in the markets. \n\n\n\n
The reduction in holdings comes at a time when technology firms are facing cross currency headwinds due to volatility in the global financial markets
Worst performers among category funds, but beat sectoral indices
The final report of the Joint Parliamentary Committee looking into last year's stock scam and the temporary freeze on UTI's US-64 scheme is likely to be presented in Parliament on December 19 and may fix responsibility for the scam and the muddle.
'Companies with a strong business case and healthy balance-sheet should sail through and emerge more robust in the future.'
One-sponsor-one-fund rule may set off merger as Amundi seen sponsoring two funds following buyout.
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