The country's six largest smallcap schemes would require more than 20 days to liquidate half of their holdings, despite most of them maintaining high cash levels and having considerable exposure to more liquid largecap stocks, stress tests conducted by fund houses reveal. For midcap funds, the time required to sell half of the assets of the top six schemes varies between seven and 34 days, according to disclosures made by asset management companies. The Securities and Exchange Board of India (Sebi) had called for such tests in the face of strong inflows into smallcap and midcap funds, despite concerns over high valuations, to keep investors better informed.
Union Minister of State for Home R P N Singh met the family of the slain Uttar Pradesh DSP Zia-ul Haq at his native village here and assured that the CBI probing the case would expose the guilty.
Radical Sikh preacher and Khadoor Sahib MP Amritpal Singh's brother Harpreet Singh has been apprehended by Jalandhar police in a drug case, a senior police official said on Friday.
He used his service revolver to kill them.
DSP Merrill Lynch Mutual Fund on Monday launched three new schemes and targets to raise Rs 750 crore (Rs 7.50 billion) through the initial public offering for these schemes.
An 18-year-old NEET aspirant from West Bengal, preparing for the medical entrance test in Kota at a coaching institute, died on Wednesday morning after being found unconscious in his PG room, the police said.
Brandishing sticks and swords, a mob vandalised the car of the president of a gurdwara management committee over the 'removal' of a poster of slain Sikh separatist Jarnail Singh Bhindranwale, police said on Monday.
The arrests came on the basis of interrogation of five Al-Badr terrorists nabbed over the past two days.
'Investors should do proper analysis before putting in their money in NFOs as most new launches are in the high-risk thematic space.'
'The adjustments (of tax slabs and standard deduction) will reduce the tax burden for salaried individuals with an income of around Rs 20 lakh by approximately Rs 18,000.' 'For non-salaried individuals with the same income level, the savings will be around Rs 10,000.'
New York-headquartered hedge fund BlackRock Inc has acquired the 40 per cent stake held by Merrill Lynch in mutual fund DSP Merrill Lynch Fund Managers, in a move that signals the world's fifth largest asset manager's entry into the booming Indian market.
Former Uttar Pradesh minister Raghuraj Pratap Singh alias Raja Bhaiya Thursday underwent lie-detection test in connection with the murder of Kunda DSP Zia-ul-Haq.
CBI sources said 44-year old Raja Bhaiya, who is prime accused in the FIR registered by Kunda DSP Zia-ul-Haq's wife Parveen Azar, has been summoned by the agency for questioning in connection with the larger conspiracy related to the murder of Balipur village head Nanhe Yadav.
Buoyed by the 'feel good factor' in the economy, investment banking firm DSP Merrill Lynch on wednesday raised India's GDP forecast for 2003-04 to 7.3 per cent from the earlier prediction of 6.7 per cent.
'Investors should not go for lump-sum investments in infrastructure funds at this point.' 'The SIP route is the best to avoid any major disappointment.'
Chief Minister Mehbooba Mufti warned that there could be a backlash if the force loses patience.
The letter, which has surfaced on social media, alleges that station officer Vinay Tiwari had got a serious charge against Dubey dropped. Police suspect that Vinay Tiwari may have tipped-off Dubey that a police team was on its way to arrest him.
The Central Bureau of Investigation is all set to start a probe into the death of DSP Zia-ul-Haq in Pratapgarh in Uttar Pradesh in the backdrop of a growing demand for action against the state's ruling Samajwadi Party leader Raghuraj Pratap Singh alias Raja Bhaiya.
Jagadish and Anukumar were taken into custody from the district headquarters town of Chitradurga by a team led by Deputy Superintendent of Police (DSP) Dinakar.
DSP Merrill Lynch aims to raise Rs 700-750 crore (Rs 7-7.50 billion) from its three new schemes, which will open on Tuesday.
In 2006, Kothari had sold 48 per cent stake in the company to Merrill Lynch. Kothari will be retiring from the company effective from March 31.
Union Bank of India plans to distribute mutual fund products of DSP Merrill Lynch Mutual Fund as a part of its strategy to increase fee based income.
Shooters' preps lacked planning, says Olympian Vijay Kumar
The change in debt fund taxation is seen as boosting the demand for hybrid funds. It is no surprise then that asset management companies (AMCs) have launched a raft of new products in the multi-asset category. However, they seem to be divided on the asset mix and approach. The multi-asset space, which provides fund houses ample scope to innovate, has seen five launches in as many months.
The government is believed to have zeroed in on DSP Merill Lynch for appointment as advisor and UBS and I-Sec as lead manager for the proposed public offer in Bharat Petroleum Corporation.
Actively managed debt funds with the flexibility to go long on duration made a strong comeback on the returns chart in 2023, thanks to softening bond yields. The average one-year returns of floater, long-duration, gilt, and dynamic bond funds, which ranged between 2.3 per cent and 4.5 per cent at the end of 2022, now stand at over 7.2 per cent, with some schemes delivering over 8.5 per cent, according to data from Value Research. Debt fund returns are inversely related to yields of underlying investments, meaning a decline in yields is positive for funds.
Bhola Kaushika came to Kota as a 17-year-old with a dream in his eyes to become an engineer. Instead, he became an outlaw.
'What social justice is Tejashwi talking about?' 'Muslims in Bihar are asking we are 18%, and you are giving us 2 seats.'
A 16-year-old JEE aspirant allegedly hanged himself in his hostel room in Kota, hours after the National Testing Agency published the answer key for the first edition of JEE-Main 2024, the police said on Tuesday.
The court also extended the custody of Iqbal, Mushtaq and Mir till April 10 on a plea by the police. The Delhi Police said that the accused were required to be interrogated further to identify the other persons involved. "The custody was required to ascertain the identity of other handlers," the police told the court.
The Central Bureau of Investigation team probing DSP Zia-ul-Haq's murder case has written to the Uttar Pradesh government for removal of local police officers in Pratapgarh's Kunda circle stating that their presence might affect the investigation.
The students were identified as G Dinesh (22) from Wanaparthy in Telangana and Nikesh (21) from Srikakulam in Andhra Pradesh.
The police detained a couple after they mentioned about "a bomb in the bag" -- which turned out to be a false alarm -- during security check at Goa's Dabolim International Airport, delaying the flight they were to board by almost 90 minutes, an official said on Wednesday.
According to the confession statement of Radha Kishan Rao, 'Peddayana' was very angry for not completing the work as per his expectation.
Only investors with a higher risk appetite should enter these funds.
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
An 18-year-old student preparing for the Joint Entrance Examination (JEE) allegedly hanged herself at her home in Kota on Monday, leaving behind a suicide note saying sorry to her parents and calling herself a 'loser'.
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