Enhanced surcharge on capital gains from share sales rolled back
The measures announced by Sitharaman are positive for high net worth individuals (HNIs), super HNIs and FPIs, and experts believe this may help them return to the market.
Essel Group seeks time till March 2020 from mutual funds to clear dues
In January this year, the Zee Entertainment Enterprises and Dish TV stocks fell sharply in the range of 26-33%, primarily on reports of pledged shares of promoters being invoked and sold.
Recovering dues: Most MFs may not sign ICA but still back resolution plan for DHFL
Most Mutual Funds that have an exposure to Dewan Housing Finance (DHFL) are unlikely to sign the inter-creditor agreement (ICA) but will nonetheless lend their support to a resolution plan.
Lacking lustre: Gold prices soar but ETFs not so popular
On Monday, the price of gold hit a new high at Rs 38,578. Surprisingly, gold ETFs have seen outflows every year since 2013-14, Amfi data show.
Gold ETFs losing sheen despite spike in prices
Market participants also believe that gold ETFs score over other gold products at they are cost effective and liquid.
Credit risk funds may find favour as worst seems over
The category of credit risks funds has delivered returns of just 0.36% in the last one year.
Sundaram withdraws DHFL side-pocket
Taking the fact into consideration, the company decided to treat it as an event of default for its schemes and also decided to write off the principal and interest aggregating to Rs 52.21 crore on August 16, 2019.
Invest in short duration debt funds: RBI
While other category such as short-duration and medium-duration funds have given returns of 5.49% and 5.21% in the last one year.
NBFCs bank on HNIs to raise more funds
High net worth individuals (HNIs) and ultra HNIs could have to come to the rescue of non-banking financial companies (NBFCs), which are facing a severe liquidity crunch.
DHFL exposure: MFs refuse to take out of turn haircut
In this case, lenders do not wish to give a haircut to the Employees’ Provident Fund Organisation, PF Trust and retail investors.
Lenders earning more commission by selling in house MF schemes
Not being affiliated with any bank makes us and other fund houses an unbiased business and we are comfortable with that.”
FPIs unlikely to shift from trusts to corporate structure
However, there are several factors that would deter FPIs from taking this route.
Budget 2019: FM Sitharaman proposes higher taxes for super rich, govt to get Rs 12,000 crore in FY20 with surcharge
Budget 2019 India: The government is estimating that the higher super rich surcharge would accrue about `12,000 crore a year on income assessed in FY20, which is largely in line with FE’s analysis.
Budget 2019: Gold to cost more as govt proposes hike in customs duty
Union Budget 2019: Differential between Indian, international gold prices to widen by 2.5%-15.5%
Mutual Funds’ Rs 140 crore investments in DHFL to mature today
Lenders to DHFL are expected to meet in the first week of July to chart out recovery plans .
UTI Mutual Fund marks down its debt exposure to DHFL to 100%
DHFL had failed to repay interest and principal of approximately Rs 1,100 crore due on June 4, 2019.
Unpaid obligations: NAV of debt mutual funds falls due to interest delays by DHFL
Mutual funds have invested around Rs 4,423 crore across 135 debt schemes in instruments issued by DHFL
RBI may provide some liquidity support to NBFCs by relaxing some LCR norms: A Balasubramanian
Fixed income market has got its full energy back on account of few things, one is oil price coming off globally and even the outlook for oil price is weak.
Sebi initiates adjudication proceedings against HDFC AMC
Kotak Mutual Fund had conveyed to its investors that the fund may not be able to pay the entire redemption amount for the Kotak FMP Series 127, which matured on April 8.
DHFL Prameria mutual fund merges 2 schemes with other debt funds
Last year, Sebi in its board meeting had allowed mutual funds to create segregated portfolios or ‘side-pocket’ facility based on credit events with respect to debt and money market instruments subject to various safeguard
Equity fund inflows hit 31-month low in April, debt funds see outflows
Inflows into equity mutual funds in April stood at Rs 4,608.74 crore, the lowest in the last 31 months, shows data from Association of Mutual Funds in India (Amfi).
Reliance, TCS, HDFC Bank stand tall as broader index loses Rs 2 lakh cr in market cap
The losses would be even higher, if one were to exclude three big firms – Reliance Industries, Tata Consultancy Services and HDFC Bank – from the sample.
With rise in borrowing costs, margins grew by 90bps: Ajay Srinivasan, CEO of Aditya Birla Capital | Interview
The biggest opportunity for a non-banking financial company (NBFC) currently is in the small and medium enterprise (SME) sector as the typical banking structure has always under served SMEs, says Ajay Srinivasan, CEO, Aditya
Debt schemes: Mutual Funds exposure to DHFL group firms at Rs 6,500 crore
UTI Mutual Fund has investments of around Rs 1,540 crore in various group companies of DHFL across 36 debt schemes, while Reliance Mutual fund has an exposure of Rs 1,436 crore, data available till March 31, 2019, from Value
Delay in repayment by 2 Essel firms: HDFC AMC gets nod to roll over FMPs
Industry players estimate that debt mutual funds have an exposure of Rs 6,000-7,000 crore to debt instruments of Essel Group companies. The debt papers of Essel Group are secured by shares of Zee Entertainment and Dish TV.
Essel exposure: Kotak FMP investors may lose a portion of their money at maturity
Investors in Kotak FMP Series 127, a fixed maturity plan (FMPs), which have invested in debt instruments of Essel Group companies, may not receive the full amount on maturity of the scheme.
Digital insurance leads to cheaper products, better service: Acko General CEO INTERVIEW
There are two key advantages for policyholders coming to Acko., he says.
Advertisement
Advertisement
Advertisement
TRENDING NOW
- OnePlus TV: All set to redefine the Premium TV experience
- Minister your finances better! How smart financing purchase decisions can help you be a uber-saver
- OnePlus gives a glimpse of future TV design
- WhatsApp feature trick: How to hide your view on your friend's WhatsApp Status
- OnePlus TV to unleash a sight and sound revolution!
BUDGET 2019
- Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C benefit on Tier-II deposits from April 1
- Budget 2019: Hike in import duty may dampen the gold rush
- Budget 2019: More power to villages; Rs 2 lakh crore allocated to Panchayats in five years
- Budget 2019: Healthcare sector expects hike in exemption limits for health checkup, medical reimbursement
