The scheme encourages retail investors to participate in capital markets.
According to sources, in a January 6 letter to the department of financial services under the finance ministry, LIC said it wanted to stop sponsoring LIC Nomura Mutual Fund, and might offer some of its stake in LIC Housing Finance to other shareholders.
Indian Economy poised for growth, say experts.
HNI equity folios up 46% in the first half of FY15.
This works only for longer-tenured ones such as income funds, as the element of interest rate risk is reduced.
The repo rate has been unchanged since January, when the RBI increased it by a quarter percentage point.
Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February.
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
Putting Indian markets on fire, the foreign investors have pumped in over Rs 1-lakh crore of so-called 'hot money' into stocks during 2014 -- taking their cumulative net investments here beyond Rs 10 lakh crore.
The 35-year-old fails to understand how to decide whether a particular scheme should be kept in one's portfolio or not.
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.
Single window clearances for realty must.