MMFs invest in fixed-income instruments maturing in less than one year, minimising interest-rate risk.
Ending days of suspense, the Reserve Bank on Wednesday granted banking licences to infrastructure financing firm IDFC and microfinance institution Bandhan from among 25 applicants that included corporate heavyweights ADAG Group, Aditya Birla Group and Bajaj Group.
Raksha Bandhan is around the corner and we are inviting you to share photographs of your siblings.
Her remarks in a post on X came after BJP IT department head Amit Malviya claimed that a 'tussle' was going on between Priyanka Gandhi and Rahul Gandhi.
'Even if we have laws in place, which we must, we need a societal change.' 'Rather than telling our daughters that, "Listen, leave your house at so and so time, come back by so and so time," we must tell the men and boys that "Whatever point of time you encounter a woman in public space or wherever, you treat her with respect, dignity, and as an equal participant in these public spaces".'
HDFC Bank on Tuesday said RBI has given approval to the group to acquire up to 9.5 per cent stake each in six lenders, including ICICI Bank and Axis Bank.
Shabana Azmi looks forward to Raksha Bandhan like a dutiful sister.
Like all Indian festivals, the festival of rakhi has numerous tales associated with it. Here are some you may or may not have heard.
Gift your brother/sister something smart, useful and trendy, says Ashish Narsale/Rediff.com.
Treat your brother(s) to these delightful Indian desserts.
Holidays on Ram Navami and Janmashtami, associated with the most popular of Hindu deities Lord Rama and Lord Krishna respectively, have been done away with and on the other hand, the number of days requiring schools to remain shut for Muslim festivals has been increased, Modi alleged.
A large number of these applicants are already employed in top positions at public- and private-sector banks, say sources at Bandhan.
After Bandhan MF's US Treasury Bond 0-1 year Fund of Fund (FoF), Aditya Birla Sun Life (ABSL) MF has come out with US Treasury 1-3 Year Bond ETFs FoF and 3-10 Year Bond ETFs FoF. US bonds, which generally offer low yields, have turned attractive post the 525-basis point hike in US interest rates. According to Bloomberg data, the 1-year and 2-year US treasury yields now stand at 5.4 per cent and 5.1 per cent, respectively. Although the yields remain lower than what Indian government bonds offer, the differential has come down steeply.
Ramoji Rao lived as the interface between business and politics and was an active participant in both for most of his remarkable life.
'My sister has been one of the greatest gifts of life.'
'I have enjoyed working on this film. It is one of my best films,' says the star.
16 Kurtas Every Man Needs In His Festive Wardrobe From modern prints to the updated angrakha, everything that's redefining ethnic fashion
rediffGURU Sunil Lala answers your personal finance-related queries.
Akshay Kumar invited his friends from the film industry to watch Raksha Bandhan.
Sukanya Verma quizzes you to find out just how much you know about the movies.
The index is currently trading at 149 per cent of its historical P/B valuation, surpassing its previous peak of 125 per cent made in 2020-21.
What is it about Arohan that puts it in the top league of microfinance institutions in the country?
Two of Bollywood's famous writers Kanika Dhillon and Himanshu Sharma, who got married in 2021, hosted a housewarming party in Mumbai, and invited their friends over.
rediffGURU Ulhas Joshi answers your mutual fund queries.
While Bollywood stars and their children have posted some loved-up pictures on Raksha Bandhan, there's a whole lot more!
This is the fourth time in three decades that Aamir Khan and Akshay Kumar have had movie releases on the same day.
The actors, who have featured together in Mister and Antariksh 9000 kmph, shared the news on their Instagram handles.
'Hamara aur Rajsaab ka bahot gehra aur toot bandhan tha. Hum bahot ladte the (we used to fight a lot) but he could make me bend my rules for him.;
With Raksha Bandhan just two Fridays away, sisters are shopping in earnest for rakhis.
Senior India hockey player Birendra Lakra was on Tuesday accused of involvement in the murder of his childhood friend Anand Toppo by the father of the deceased.
The government on Tuesday announced a Rs 200 per cylinder cut in prices of domestic cooking gas as it looked to counter the cheaper LPG promise of the Congress in upcoming assembly elections in states like Madhya Pradesh.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
Chouhan's fate will be determined by the BJP central command's assessment of the implications of such a move ahead of the Lok Sabha elections.
After a short-term blip, mutual funds (MFs) are back to adding new systematic investment plan (SIP) investors at a record high pace, which was seen during the financial year 2021-22 (FY22). During the first six months (H1) of this financial year (FY24), MFs have added a net 77 million SIP accounts compared to 56 million during the same period of FY23. The net additions this year are a tad higher than the 76.5 million additions in H1 of FY22.
Bollywood is making beautiful pictures in different parts of the world and we bring them to you.
>It's not easy to predict the market. But there are at least two positive factors to back the PSU banks, explains Tamal Bandyopadhyay.
Debt fund managers are reassessing their strategies after the setback delivered by the Reserve Bank of India recently. While most are refraining from any knee-jerk reaction to the central bank's surprise open market operation (OMO) announcements, they are taking a re-look at the duration of their schemes. Sandeep Yadav, head of fixed income at DSP Mutual Fund, said it has trimmed the duration of some schemes, considering the hawkish stance by the RBI.
Rohit Sharma posted the Star Sports campaign video #HamaraBlueBandhan on his Instagram Reels.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
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