Market watchers believe that the change in guidelines fly in the face of some of the recent initiatives taken by the government, such as easing norms for foreign portfolio investors.
In an online chat with readers on August 10, Vidya Bala, Vidya Bala, head of mutual fund research at FundsIndia, answered their queries. For hose who missed the chat, here is the transcript.
IMAGES from the UEFA Champions League quarter-final 2nd leg matches played on Tuesday
By contrast, the fraud enabled Raju's kin and aides to make hundreds of crores, charges CBI.
Be it India's Shiv Kapur or South African Brandon Stone, the golfers are keeping a close eye on the ongoing tournament.
Indian Finance Minister Pranab Mukherjee stresses on stronger Indo-US ties at the CEO meet in Washington, DC.
Equity fund managers say large-caps offer higher relative safety, especially in such times.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
With the stock coming under pressure, the MF holding value could have dropped to Rs 50 billion, back-of-the-envelope calculations show.
David Miller smashed a 34-ball 46 under pressure and Parvinder Awana scalped three wickets as Kings XI Punjab notched up a four-wicket victory over Barbados Trident in the Oppo Champions League twenty20 in Mohali.
If you plan to send your child to the US five years from now and expect the rupee to depreciate five per cent every year, adding US funds to your portfolio might be a good idea, says Ashley Coutinho.
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
The fund is a good pick for the conservative set of investors who want a good night's sleep, as compared to top-notch returns.
The 17-year-old Indian American who sings pop, and gospel and has written and composed 15 songs in pop style, won second place, singing Whitney Houston's 'I Will Always Love You' at New York's famed Apollo Theatre's amateur talent contest.
Cricket will be part of the 2024 Olympics if Rome wins the bid to host the mega event, Italian cricket board chief Simone Gambino has said.
Here is what mutual fund expert Anil Rego advices about buying mutual funds. He lists his best picks too for first-time investors.
India and the US on Friday operationalised the "path-breaking" bilateral nuclear deal as they signed the 123 Agreement here, with New Delhi insisting that the accord is "legally-binding" on both sides.
'Should the most important part of economic reform not comprise the way we look at the fiscal deficit?', asks T C A Srinivasa Raghavan.
Bollywood impresario Vijay Taneja was sentenced to 84 months in jail followed by three years of supervised release, and ordered to pay $33 million in restitution to four financial organisations, on charges of money laundering. Taneja, under the banner of Elite Entertainment, has been promoting Bollywood celebrities like Shah Rukh Khan and Aishwarya Rai for shows across the United States.
The Tasmanian police on Wednesday recovered the body of Indian soldier Kailash Rana, who went missing last week while being part of a joint Indo-Australian rafting expedition. Rana, 26, was on a rafting expedition in Franklin river in Tasmania on Friday, when he was pulled into surging rapids and failed to surface, the Tasmanian police told PTI. He was one of the five Indian Army officers, taking part in the rafting expedition with Australian troops.
While accepting the Democratic presidential nomination on Thursday night, Biden said in Delaware that "united we can and will overcome this season of darkness in America."
Distressed by the falling spree of Indian equities, fund managers are looking at various avenues of diversification. At a time when emerging markets, including India, are vulnerable to global cues and are more coupled, frontier markets showless or almost no correlation. Franklin Templeton was the first to spot an opportunity and has already filed for a MENA fund (Middle East North Africa Fund), which will invest in some of the frontier markets.
This is the third instance when rain or bad weather robbed India off a certain win with opponents 8 down. The other two such instances were against West Indies at Calcutta in 1978-79 and against South Africa at Johannesburg in 1996-97.
Queen Elizabeth II used her banquet speech to subtly remind the visiting US President that the international institutions set up after the World War II were designed to ensure the horrors of conflict were not repeated.
The life and times of the famed Leftist revolutionary Che Guevara.
Forget Starbucks coming into India. Witness the expansion of Caf Coffee Day, which is set to mushroom across the country.
A summary of sports events and persons who made news on Friday
Researchers at the University of Georgia Cancer Center have developed a carbohydrate-based vaccine, that in mice has effectively produced a strong immune response to cancer cells.
Mark Mobius, the 71-year old investment guru and executive chairman of Franklin Templeton Investments, has a positive view on the Indian market and feels that stock valuations have become attractive after the 27 per cent cut in benchmark equity indices since late January.Stating that it was difficult to predict the end of the current phase, Mobius said he expected the decoupling to continue in the long term.
The second Test between New Zealand and West Indies in Napier ended in a draw on Tuesday after the hosts gave up the run chase with an hour to go. New Zealand finished their second innings on 220 for five, still 92 runs behind the winning target of 312, with Jesse Ryder on 59 and James Franklin on two.
Zee and its lenders had decided to enter into an agreement to not offload the pledged shares amid a sharp slide in the prices of the underlying securities during end-Janury. The terms give the lenders a greater say, upside benefit from the proposed strategic sale, more cover and personal guarantee.
National Treasure: Book Of Secrets plays out like a repeat ride on an exciting rollercoaster. It is still fun the second time around but with nowhere near the excitement and mystery that accompany a 'first time'.
While Kapil is an academy member of the Laureus World Sports Awards along with Australian cricket legend Steve Waugh, Yuvraj has been invited in role of an ambassador.
The modern heroes find themselves in the illustrious company of Bill Gates, Steve Jobs, Henry Ford, Benjamin Franklin, John D Rockefeller, Thomas Edison and Michael Dell.
"As citizens of the United Kingdom take stock of their relationship with the EU, you should be proud that the EU has helped spread British values and practices - democracy, the rule of law, open markets - across the continent and to its periphery," he wrote.
If you don't have enough time to study the market, go for mutual funds, says personal finance expert Rahul Goel.
In fact, the current market scenario provides more value investment opportunities. So, it is positive for mutual funds.
US Under Secretary of Commerce for International Trade Franklin L Lavin, who will lead the largest American trade mission to India ever has said the delegation besides several senior administration officials will comprise 238 business leaders
The job advertisement says applicants should have 'at least eight years' experience running a highly-regarded nation'.
Debt-oriented funds or monthly income plans with a small portion of the portfolio invested in equities can be good options.