Following alterations in the tax structure, mutual fund (MF) schemes that invest in overseas securities have experienced a sharp decline in inflows. In the first five months of 2023-24 (FY24), international MF schemes have received an average monthly gross inflow of only Rs 270 crore, compared to Rs 490 crore during the same period in the previous year. This decline persists despite nearly all fund houses opening subscriptions for such schemes, with higher redemptions creating headroom for fresh investments.
Investors may take a 5 to 10 per cent exposure to silver. 'Have a long-term investment horizon when investing in silver ETFs to ride out short-term market fluctuations.'
With its ability to invest in equities or debt depending on market conditions, ODFoF offers investors the opportunity to add to their portfolios what can typically be termed as an asset allocation fund.
Westlife Foodworld, fast-food chain McDonald's operator in West and South India, on Tuesday said food safety regulator FSSAI has verified the cheese used by it and is now allowed to use the word cheese in the name of its products. Additionally, an independent NABL (National Accreditation Board for Testing and Calibration Laboratories) has also confirmed that Westlife Foodworld uses authentic cheese in its food preparation and not cheese analogues or substitutes, its managing director Saurabh Kalra said.
Prime Minister Narendra Modi on Friday said India's growth story is being disrupted by forces with a colonial mindset, including in the name of freedom of expression.
Foreign Office spokesman Zahid Hafeez Chaudhri said on Thursday that "there was no pressure on Pakistan at all regarding the release of Wing Commander Abhinandan."
Several mutual funds (MFs) have recently approached the Reserve Bank of India (RBI) as they renew efforts to increase their overseas investment limit. In June 2022, the capital markets regulator Securities and Exchange Board of India (Sebi) permitted MFs to invest in foreign stocks within the aggregate mandated limit of $7 billion after a correction in stocks. One of the proposals shared with the RBI is to link MFs' foreign investment limit to the country's foreign exchange reserves.
Reacting cautiously, MEA said an agreement has been signed between the two countries finalising the modalities for visits and India will stick to it.
Since MAAFs invest across multiple asset classes, they offer diversification.
At a time when Apple delivered its flagship line of new products on schedule despite battling a year of supply-chain turmoil, India could account for at least 12 per cent of the free-on-board (FoB) value of Apple Inc's iPhones manufactured by its vendors globally by 2025-26 (FY26). The number represents a significant shift for the Cupertino-based company's over-dependence on China, where 95 per cent of its phones are still being made. India's growing importance can be seen from the fact that in 2021-22 (FY22) - the first year of the production-linked incentive (PLI) scheme (the scheme was extended by a year due to the pandemic) - the FoB value of iPhones made in the country was $1.75 billion, translating into less than 2 per cent of the global value.
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.
As many as five major films released last Friday, and four among these had a south connection.
The Indian diplomat was told that these remarks are totally unacceptable and have not only deeply hurt the sentiments of the people of Pakistan but of Muslims across the world, the Foreign Office (FO) said in a statement.
The Bombay high court on Thursday said that in democracy a person has the right to express views, but it does not confer a license to violate the constitutional rights of others. A bench of Justices S S Shinde and M S Karnik was hearing a petition filed by Sameet Thakkar, seeking to quash an FIR registered against him over his tweets against Maharashtra Chief Minister Uddhav Thackeray and his son, minister Aaditya Thackeray.
China also removed Finance Minister Liu Kun and appointed Lan Fo'an in his place. Liu is the third senior Cabinet minister to be replaced without any explanation.
Health experts express concern about the unsupervised consumption of dietary supplements, warning poor-quality products can affect cardiovascular health and kidneys.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
'It is requested that listed equity shares or units of equity-oriented fund schemes be exempted from capital gains tax (LTCG) if equity shares or mutual funds units are held for at least three years.'
Full list of players released, retained and traded by all ten teams in the IPL.
Clicking pictures under the streetlight or during the day is pure joy with the OnePlus 11, says Ashish Narsale.
Treat silver as part of the procyclical or growth assets in your portfolio, advises Sanjay Kumar Singh.
rediffGURU Nikunj Saraf suggests considering small-cap, mid-cap, and multi-cap mutual funds.
Wearing the bloodstained cap and badge -- evidence in the Rajiv Gandhi assassination case -- on the day of his retirement was a cocktail of emotions, says IPS officer Prateep V Phillip, who survived the ghastly attack that killed the former Prime Minister in a 1991 election rally near here.
Pakistan on Saturday said it was not satisfied with India's 'simplistic explanation' on the 'accidental firing' of a missile that landed in Pakistan's Punjab province and demanded a joint probe to accurately establish the facts surrounding the incident.
The Foreign Office on Monday summoned the Indian Charge d'Affaires (Cd'A) in Islamabad to lodge a protest over the alleged killing of a Pakistani citizen, who had infiltrated into Jammu and Kashmir to attack an army post.
These funds have lowered the entry barrier for investors who can now invest with just Rs 5,000, points out Sanjay Kumar Singh.
'We called on relevant countries to have dialogue and communication as soon as possible and launch a thorough investigation into this incident, strengthen information sharing and establish a notification mechanism in time to ensure the recurrence of such incidents and prevent miscalculation'
According to various global media reports, China is creating Covid-like pathogens in Pakistan that have the potential of causing virus contamination on a scale far higher than Covid.
The chief minister's letter will be reached to the dharna manch (dais) of the Trinamool Congress chief on the second day of her party's indefinite agitation at Singur demanding immediate return of 400 acres to farmers unwilling to part with their land. "The contents of the letter will be made known this afternoon," a source in the chief minister's secretariat said.
Images from the IPL 2023 match between Kolkata Knight Riders and SunRisers Hyderabad played at the Eden Gardens in Kolkata on Friday
Pakistan criticised the laying of foundation stones for the construction of the Rattle and Kwar Hydroelectric Projects on the Chenab River in Kashmir.
Union minister Rajeev Chandrashekar on Tuesday rejected Dorsey's claim, calling it an "outright lie" and "an attempt to brush out that very dubious period" of firm's history.
"Pakistan Air Force continuously monitored the complete flight path of the flying object from its point of origin in Sirsa in India till its point of impact near Mian Channu and initiated requisite tactical actions in accordance with standard operating procedures," Pakistan Army spokesman Major General Babar Iftikhar said.
The BJP also promised Rs 25,000 to girls from economically weaker sections under the 'Rani Gaidinliu Nupi Maheiroi Singi Scheme' if voted back to power.
Prime Minister Dr Manmohan Singh spent the second half of Tuesday with Union Ministers and senior officials to prepare himself for Wednesday's proposed meeting with editors.
One of the biggest advantages of index funds and ETFs is their low cost, points out Sarbajeet K Sen.
It is advisable to avoid a fund until it develops a track record.
The surge in volatility across the globe sparked by Russian invasion of Ukraine has led to an increase in prices of gold and silver - considered to be safe-haven investment bets. In the past month, silver funds have delivered returns of 7.34 per cent, while gold funds on an average have risen around 6 per cent. In comparison, the benchmark Nifty has declined 4 per cent. Fund managers say precious commodities act as a good hedge against inflation and phases of geopolitical uncertainty.
The exchange was made in accordance with Article-II of the Agreement on Prohibition of Attacks against Nuclear Installations and Facilities between Pakistan and India, signed on December 31, 1988, the Foreign Office (FO) said in a statement in Islamabad.
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