Among individual fund houses, SBI MF was the biggest gainer in absolute terms; its AAUM rose Rs 66,090 crore, compared to its asset base in the corresponding period of FY18, reports Jash Kriplani.
The terrorist attack was carried out by ISIS gunmen, General Kenneth Franklin McKenzie, Commander of the United States Central Command, told reporters at a Pentagon news conference on Thursday, hours after the terrorists opened gunfire at American soldiers standing outside the Hamid Karzai International Airport in Kabul.
Played behind closed doors, the result lifted Hertha one place up to 10th on 34 points from 27 games while promoted Union, who won the reverse fixture in November 1-0 thanks to a late penalty, stayed 12th on 30 points.
It's confirmed! Liam Hemsworth and Miley Cyrus are now man and wife.
New Zealand all-rounder James Franklin feels Mahendra Singh Dhoni erred in his decision after winning the toss, and said the entire Kiwi outfit was surprised when the Indian skipper decided to bowl first in the second Twenty20 game at a relatively slow Chepauk pitch in Chennai.
Investing merely on the basis of past return can land you in trouble even in debt funds, a supposedly safe asset class, suggests Sarbajeet K Sen.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Registering their first points of the competition in the final league game, Barbados Tridents managed an edgy six-wicket consolation win against Northern Knights in a rain-reduced Champions League Twenty20.
Here are some of the best images clicked across the globe in the month of August.
Bayern Munich and Real Madrid were the major winners following the resumption of European soccer's big leagues in the wake of the novel coronavirus shutdown but some clubs may wish the season had been declared null and void. Bundesliga champion Bayern were the only club across the continent to post a 100% record since the restart, winning all nine of their games, scoring 27 goals in the process.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
If you want his advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Did you know that 1700 or 1900 are not leap years, but 2000 or 2400 are?
James Franklin struck a blistering 23-ball unbeaten 45 to help Mumbai Indians pull off a sensational five-wicket win over Kolkata Knight Riders in the final round-robin league match of the Indian Premier League in Kolkata on Sunday.
Nine lenders have exposure to the promoter entities and had taken listed operating companies' shares as collateral from the promoter companies.
In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a USD 1 billion refund resulting from the scrapping of a retrospective tax law.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Unlike his compatriot Jacob Oram, who said he could not connect with the IPL, Kiwi batsman James Franklin said he was enjoying being part of the Indian Premier League.
Katinka Hosszu of Hungary won the women's Olympic 100 meters backstroke on Monday to claim her second gold of the Rio Games, edging out Kathleen Baker of the United States.
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.
The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the fund managers said.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.
Norway's Kristoff outsprinted Danish world champion Mads Pedersen after 156 km around Nice.
There is so much liquidity in the system, in the global economy, and that's why the stock market is very buoyant. It will certainly witness correction in the future: RBI's Das.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The Swiss ace was stunned by the Aussie, losing 3-6, 7-5, 7-6 (7), 7-6 (3) in a gruellng match but it looked like the former POTUS was a having a good time in the company of some friends in the stands.
Instead of getting swayed by market gyrations, investors must stay invested for the long term, advises Sarbajeet K Sen.
Stage eight winner Nans Peters had long crossed the line when fellow Frenchman Thibaut Pinot's ordeal ended after the Groupama-FDJ rider, highly fancied to become the first local winner of the race in 35 years, had been dropped in the second ascent of the 141-km trek through the Pyrenees.
The Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
Shares in the Dutch club, in contrast, surged to a record high as it advanced to the semi-final of the lucrative competition for the first time since 1996/97.
UK daily Financial Times, quoting people close to the development, said, "Citigroup is to revamp its board with the departure of long-standing members Kenneth Derr and Franklin Thomas following criticism of its ability to supervise the troubled company's executives and strategy".
Wondering if mutual fund investments can earn you enough money for your retirement and child's marriage? Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
In 2021, there is the risk of interest rates spiking. Investors should tackle duration risk with a longer investment horizon, suggests Sanjay Kumar Singh.
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