“The focus is on restructuring. Finance ministry is actively engaged with RBI on this. In principle, the idea that there may be a restructuring required, is well taken,” she said.
ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Alpha Low Vol 30 ETF, an open ended index exchange traded fund tracking Nifty Alpha Low Volatility 30 Index.
The portal for investors to view status of their claim application has been operational from January 24.
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
The monetary policy committee (the MPC) will meet in the first week of August 2020 to deliberate and are likely to have their task cut out with the economy staring at a contraction and the need to manage inflation.
"We believe an August rate cut is unlikely. We believe that the MPC could now well debate what further unconventional policy measures could be resorted to in the current circumstances to ensure financial stability is continued to be addressed," an SBI research report- Ecowrap said.
The stock market recovery to near pre-Covid levels comes despite no improvements in the economic or health prospects for the country. In fact, the complete extent of the impact of Covid on the real economy have not even been realised. And this decoupling of the capital markets with the real economy is being witnessed globally.
Brothers can start a Systematic Investment Plan in equity mutual funds and help sisters in their quest to become financially independent. Depending on the amount invested, an SIP in the long run would help her fulfil her financial goals like education, travel, and so on.
The asset base of equity mutual funds surged 21 per cent to over Rs 7 lakh crore during the June 2020 quarter, primarily on account of rebound in markets and backed by strong SIP inflows, a Morningstar India report said on Thursday.
The study captures shareholding changes in companies where they hold over 1 per cent. Jhunjhunwala figures among shareholders of mid-caps such as Autoline Industries, Dishman Carbogen and Indian Hotels.
With mpay.me users will be able to generate their own mini personal payment gateways using their phone numbers and share it with anyone over chat, SMS, email etc. to collect payments.
The audit, which took place over four months to February 2019, highlighted a lack of encryption of personal data at the National Payments Corporation of India (NPCI) which forms the backbone of the country's digital payments system and operates the RuPay card network championed by Prime Minister Narendra Modi.
The study forecasts not only a sharp rise in demand for health insurance products over the upcoming months but also an increased influence of digital modes for insurance purchases.
The AITUC shot off a letter to Gangwar on July 29, after a report suggested that there were withdrawals to the tune of Rs 30,000 crore in April-June this year during the coronavirus-related lockdown.
Sundaram Mutual announced the introduction of Any Day SIP feature in all open-ended schemes of the fund house, except in liquid schemes. The feature will be effective July 29, said a press release by the fund house.
The authorities plan to sell a record Rs 12 trillion of bonds this fiscal year to finance a yawning fiscal deficit.
The rules were only believed to be regulating large e-commerce marketplaces such as Flipkart, Amazon, Snapdeal and single-brand e-commerce portals such as those of H&M, Patanjali and Ikea.
As per Deloitte Global State of the Consumer Tracker survey, the net spending intention for India stood at 55 per cent for groceries, 49 per cent for household, 44 per cent for medicines and 26 per cent for books.
A major reason for the upbeat valuation is that analysts are now taking into account the FY22 estimated earnings, which may grow in double digits.
The Centre, in November last year, had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from January 15, 2021.
The central government extended the deadline once again to July 31 from June 30. That means you hardly have two days left to finish your investments.
Equity mutual funds in India may witness their first monthly net outflows in more than four years as investors continue to cash out to tide over the pandemic-related credit crunch, while others hold off adding more in a rising stock market.
The market cap of the ‘A’ group stocks grew by 32 per cent, while that of the ‘B’ group stocks rose by around 16 per cent during the period. The ‘A’ group of companies reported a 9.5 per cent annual increase in their market cap over the past decade, much higher than the 5.2 per cent growth of their ‘B’ group counterparts.
RTI (Right to Information) activist Abhay Kolarkar said that he had sought various banking related queries under the jurisdiction of the RBI in June 2020, and the replies to the same he received a few days back. During July 1, 2019 to March 2020, about 2,14,480 complaints were received.
New Delhi, Jul 27 () Retirement fund body EPFO updated KYC details of 73.58 lakh subscribers in April-June, which enabled them to access a host of its online services, the Labour Ministry said on Monday.
The returns of the fund have been about 5x in 10 years -- our optimism sustains, and we continue to be resolute in our faith in India’s growth prospects.
“Please do not extend the moratorium because we see that even people who have the ability to pay whether it’s individuals or corporates are taking advantage under moratorium and deferring payments,” Parekh appealed to RBI Governor Shaktikanta Das.
Investors pumped in Rs 1.24 lakh crore into various mutual fund schemes in three months ended June 2020, with liquid and arbitrage segments contributing the most to the inflow.
An official from City Union Bank said “With the gold price skyrocketing, we see our customers rushing to close their existing gold loans, by which they could borrow at higher against the same gold (jewellery). After deducting the interest, customers will get Rs 5,000 more for every one sovereign of gold (8 gram).”
Most individual categories that invest in fixed-income securities, or debt funds, saw inflows.
The India Protection Quotient developed by Max Life measures awareness and ownership of life insurance, level of preparedness and preference for term plans.
The card helps remove the dependence on parents without impacting their financial security. Parents can send money to their kids on the app and control the amount they spend.
Here is a weekly tracker of returns from alternative investments. The returns from such investments should not be compared with the returns from traditional investments such as fixed deposits etc. as the proportion and purpose is vastly different.
According to the new rules, the e-commerce players will have to display the total price of goods and services offered for sale along with a break-up of other charges. They are also required to mention the 'expiry date' of goods offered for sale and the 'country of origin' of goods and services that are necessary for enabling the consumer to make an informed decision at the pre-purchase stage.
In a statement, the regulator said that the fare cap on domestic flights will continue until November 24, 2020, or until further orders. The decision comes after Aviation Minister Hardeep Singh Puri, during a press briefing, had said that the price cap on domestic routes will be applicable well beyond August 24.
Struggling for revenue amid lack of travel demand due to the coronavirus pandemic, domestic carriers are taking various measures, such as offering adjacent seat to a passenger at a discounted price, roping in hotels for quarantine packages, and tying up with doctors and diagnostic labs.
Harsh Jain, co-founder of Groww, said that Indian SIP investors are showing immense resilience amidst the ups and downs in market.
Net additions under the Employees State Insurance Corporation (ESIS) totalled 4.6 lakh compared to 2.41 lakh in April, while those under the National Pension Scheme (NPS) stood at 43,888 in May, a dip from 64,647 subscribers added under the scheme in April, the Ministry of Statistics and Programme Implementation said in its monthly report on Thursday.
A glitch in NSE propelled the price of Axis Gold ETF and Axis Nifty ETF higher by a whopping 6,553 per cent and 741 per cent on Friday, leaving investors in the lurch and forcing the exchange to cancel trades in the two ETFs.
Investing is one area where you do not learn from other people's mistakes. The earlier you learn with small amounts of money, better it is.
Markets regulator Sebi's move, which mandates debt mutual funds to disclose portfolio of their schemes every fortnight, will bring in more transparency and win investors confidence, industry experts said on Thursday.
The stock, with a return on equity of 15% and return on capital employed of 19%, can give 22% returns in the next one year, according to Bloomberg.
Amazon's entry as a corporate agent is in line with its plan to become a full-fledged financial services platform. Amazon Pay currently offers UPI, wallet and co-branded credit card services to users.
Nippon Life India Asset Management Ltd., the country’s fifth-biggest mutual fund, won’t invest in rupee corporate notes rated below AA, except where required by mandate, said Amit Tripathi, chief investment officer for debt at the company. The fund also prefers government debt to AAA rated public sector bonds, joining a chorus of asset managers favoring sovereign issuance over credit risk during the pandemic.
DSP Mutual Fund is a respected name in the mutual fund industry. It has been two years since the fund house parted ways with its foreign partner and started operating on its own. We spoke to Kalpen Parekh, President, DSP Investment Managers, find out how the fund house fared in the last two years, and his plans for it.
The move is part of the capital market regulator’s attempts to develop an actively-traded corporate bond market.
The mortgage lender said it’s total loans under moratorium was below 25%, out of which 60% of the construction finance book was under moratorium. From its total construction book of Rs 13,000 crore, upwards of Rs 8000 crore of loans are under moratorium. The silver lining is more than 46,000 borrowers largely retail, have started paying their dues, Mohanty said.
Elaborating on consumer spending habits, the KPMG India survey said,"78 per cent of the respondents claim to reduce on discretionary spending...tier-II and -III cities are 1.9x more positive than the tier-I cities."
Nippon Life India Asset Management Ltd. is loading up on 7-14 year debt, moving up from the 4-6 year notes, while IDFC Asset Management Ltd. is buying into the 9-14 year segment, fund managers at the companies said. DSP Investment Managers Pvt. is adding securities in the 9-13 year segment, according to its fund manager.
Many organisations, including Axis Bank, Policybazaar, Razorpay, Timesprime, PayUIndia, among others will be providing the option of UPI AutoPay to its customers for recurring payments of subscriptions, monthly and yearly payments.