Stick to short-duration or dynamic bond funds, says debt fund managers
Short-duration funds invest in debt and money market instruments where duration of portfolio is between one and three years.
Cash crunch: Downgrades leave India Inc debt profile in a shambles
The spate of downgrades has resulted in a large group of companies now paying higher interest rates on loans.
Ignored tax demand? Now pay interest at 1% per month
Income arising on sale of capital assets is liable to tax under the head “income from capital gains”. However, long-term capital gains from sale of jewellery is exempt from tax if the sale proceeds are utilised for the pu
Encashment of NHAI bonds before maturity attracts LTCG tax on sum invested in bonds
Section 54EC provides that if a taxpayer invests his long-term capital gains in specified bonds (i.e. NHAI bonds), then the amount of capital gains so invested shall be exempt up to the monetary ceiling of Rs 50 lakh.
Investors show faith in mid- and small-cap funds despite negative returns, volatility
Data from Amfi shows that in the period between April to September, mid-cap funds have seen inflows of Rs 6,346.31 crore and small-cap schemes have also seen inflows of Rs 6,336.89 crore.
Equity market: Negative returns from 1/3 of schemes in 2 years
In the last two years, infrastructure schemes, public sector undertaking (PSU) funds, along with mid- and small-cap funds have fared the worst.
Axis AMC CEO says wealth creation will happen from quality growth business
The biggest arbitrage available in the market is for people who think long term. I am very clear that wealth creation over the five-year period will happen from quality growth business.
New SIP registrations decline in September, slowest in six months
The Sensex lost 1.4% over the last six months while the BSE mid-cap and small-cap indices declined 10.3% and about 15%, respectively, over this time.
Short term debt funds good bet, say fund managers
The central bank on Friday changed the repo rate to 5.15% from 5.40% with immediate effect.
Revival of private capex key to reviving consumption and growth: HDFC AMC’s Prashant Jain
Thus, valuations are quite reasonable and in fact for many large companies the dividend yields are now equal to bond yields.
Kotak MF pays back investors Rs 400 crore invested in Essel Group
Sources in the mutual fund industry say that Kotak MF has paid back investors around Rs 400 crore that was invested in Essel Group companies.
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.
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