Last October's circular meant that downstream investment by such funds by way of subscription or acquisition of shares would have been considered "indirect foreign investment" if their investment manager or sponsor is owned or controlled by a non-resident. The finance ministry has now said that mutual funds that invest more than 50 per cent in equity shall be omitted from the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.
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.
Olympic champion Ruta Meilutyte of Lithuania set a European and world championship record in the heats for the 100 metres breaststroke in Barcelona on Monday.
Instead of getting swayed by market gyrations, investors must stay invested for the long term, advises Sarbajeet K Sen.
In 2021, there is the risk of interest rates spiking. Investors should tackle duration risk with a longer investment horizon, suggests Sanjay Kumar Singh.
'It's a big emotion because I've won on the Tour. I haven't won (a race) since the start of the season. It's great to make it. It was tough but I'm super happy to have won.'
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Manish S Shah, from Doha, Qatar, tells us how he made the most of the lockdown.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The final day of the world swimming championships belonged to Missy Franklin as the American teenager became the first woman to win six golds at a single edition thanks to the U.S. triumph in the medley relay on Sunday.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Prime Minister Narendra Modi is all set for his second visit to the United Arab Emirates starting Friday as part of his West Asia trip which will also cover Palestine and Oman. Ahead of his visit to the UAE, the prime minister had an offbeat interview with Gulfnews (external link) during which he divulged details about people who inspire him and about his travels. Here are some key takeaways from the interview.
Australian dual Olympic silver medal-winning kayaker Nathan Baggaley has been arrested following a drug bust, local media reported on Sunday.
We expect the Indian equity market to continue attracting interest from local as well as foreign investors. This is because India's economy is expected to continue to record sustained economic growth.
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.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Despite the toned-down estimates, Sukumar Rajah, MD and CIO -- Asian Equities, Franklin Templeton Investments, tells Business Standard that India maintains the lead in economic growth vis-a-vis most of its peers and the regulatory risk will reduce.
As the stock markets scale new peaks almost every day in a pre-poll rally, a vast majority of Indian investors expect a further rise in equities in the current year, says a survey.
Each Round of 16 game was entertaining. Laxmi Negi/Rediff.com picks the games to remember.
'His script, his body language is different, at the most he is a trained pracharak, a national politician building a base, an audience, a community of behaviours and followers from a younger generation, attempting to talk to children so they become his enthusiasts. Many are and that is his victory.'
Officially kicking off her 2016 presidential campaign, Hillary Clinton on Saturday gave a rallying call to build "real and lasting prosperity" that "should be shared by all" and not just by CEOs and billionaires.
A vacation bench of Justices Vineet Saran and BR Gavai said that the directions of high court passed on May 17 shall not be treated as directives but an advice to Uttar Pradesh government.
They are making switch to the high-growth alternative investments fund industry, reports Pavan Burugula.
Monitor how long the high cash position lasts. If it lasts for a month or two, it is fine. But if it continues for a couple of quarters, seek your advisor's opinion on whether to exit the fund.
A six from Ryan McLaren off the final delivery and a rapid 116 by Graeme Smith helped South Africa to a thrilling one-wicket victory over New Zealand in the third one-day international on Friday.
Australia won gold in the women's 400-metre freestyle relay, setting an Olympic record of 3 minutes, 33.15 seconds on Saturday night. The Netherlands won silver in 3:33.79 while the US slipped to the bronze in 3:34.24.
Missed the biggest news from last week? Here's what happened in the world in photos.
A look at the highs and lows in the swimming events at the London Games.
Sachin Tendulkar acknowledged the brilliant batting effort by the young batsmen of Mumbai Indians as they recorded a stunning four-wicket win over Kings XI Punjab in an IPL match in Mohali on Wednesday.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Statistical highlights of the Indian Premier League match between Mumbai Indians and Kings XI Punjab in Mumbai on Sunday.
It is best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.
There are various mutual fund schemes to choose from, such as equity-diversified funds, mid- or small-cap funds, debt funds and so on.
Kings XI Punjab stand-in captain David Hussey said that the run-out of Mumbai Indians stumper Dinesh Karthik to end a 75-run partnership with James Franklin turned their IPL match in their favour.
Investment guru and mutual fund expert Ashok Kumar, answers all your MF related queries.
Bayern Munich, already crowned Bundesliga champions last week, lifted the league trophy in an empty stadium on Saturday after crushing hosts VfL Wolfsburg 4-0 on the final matchday. Bayern can win more silverware next week with the German Cup final against Bayer Leverkusen. They are also still in the Champions League.
Mumbai Indians held their nerves at crucial moments to eke out a narrow 10-run victory over Somerset in the second semi-final of the Champions League Twenty20, on Saturday, and set up a summit clash with Royal Challengers Bangalore on Sunday.
December 7 remains a "date that will live in infamy". On this day, 70 years ago the Japanese launched a surprise attack on United States naval base at Pearl Harbour, Hawaii killing more than 2,000 Americans. The US "sleeping giant" was awakened by Japan and the then US President Franklin Roosevelt declared war against its attacker, changing the course of World War II. A look back in history about how the events unfolded.
