Chirag Madia

FPIs unlikely to shift from trusts to corporate structure

However, there are several factors that would deter FPIs from taking this route.

The buzz is that the finance ministry may give FPIs some relief. News

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, Union Budget 2019 India, Budget 2019 India, Budget 2019-20, News

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%

Budget 2019, Union Budget 2019 India, Budget 2019 India, Budget 2019-20, News

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 .

money market fund, idbi, value research data News

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.

UTI Mutual Fund, DHFL, CRISIL, ICRA, NCD, DHFL Pramerica, UTI Ultra Short Term Fund News

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

DHFL, debt mutual funds, NAV, Tata MF, BNP Paribas MF, Reserve Bank of India, Aditya Birla Sun Life, Reliance Low Duration Fund News

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.

RBI, NBFC, Aditya Birla Sun Life AMC, LCR norms, A Balasubramanian, FPI flows, VRR schemes, NBFC market, debt market News

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.

Securities and Exchange Board of India, Sebi, auditor, guidelines, resignation, proposals, pre-occupation News

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

Industry News

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).

Markets News

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.

stock market investment strategy during election uncertainty News

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

Banking & Finance News

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

mf, mutual fund News

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.

Delay in repayment by 2 Essel firms: HDFC AMC gets nod to roll over FMPs News

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.

Essel exposure: Kotak FMP investors may lose a portion of their money at maturity

Digital insurance leads to cheaper products, better service: Acko General CEO INTERVIEW

There are two key advantages for policyholders coming to Acko., he says.

Varun Dua, digital insurance News

Mutual Fund schemes: Why long-term investors are on the decline

Study shows in last one year, out of 364 such schemes, 67% gave negative returns.

Money News

Debut Trade: Arvind Fashions hits upper circuit after listing at Rs 591

Amidst much confusion about its price, Arvind Fashions Ltd (AFL), the demerged entity of textile major Arvind Ltd, on Friday listed on the stock exchanges at Rs 591.

Debut Trade: Arvind Fashions hits upper circuit after listing at Rs 591

Mutual funds: Inflows into equity funds lowest in 25 months

The data from Amfi also shows that, mutual fund industry saw outflows of Rs 20,083 crore in February.

Money News

December equity mutual fund inflows lowest in 27 months

Flows into debt funds were Rs 60,628 crore in January, compared with outflows to the tune of Rs 1.52 lakh crore in December, 2018 However, inflows in January were smaller than inflows Rs 1.29 lakh crore in November 2018.

Bank bonds, invest in bonds, mutual funds, tax saving, Reserve Bank of India, RBI, Bank shares, Bank stocks, insolvency, banking sector india News

‘Investors should look at short-term debt funds’

Investors should continue to look at short-term income funds in the current scenario and expects 10-year yields hovering around 7.15 percent -7.20 percent in the next few months

tax saving, tax saving for 2018-19, best tax saving options, PPF, NPS, ELSS, tax saving investments, tax saving investments 2018-19, tax planning for ay 2019-20, tax planning for salaried employees for ay 2019-20 News

Taxation of gratuity is different for govt and non-govt employees

Taxation of gratuity differs for govern-ment and non-government employees. Gratuity received by government emplo-yees is fully exempt from tax.

gratutity, Taxation on gratuity, government employee, Gratuity Act, income tax, tax slab rate News

Budget 2019: Equity market fails to hold rally, ends with small gains

Stocks in just a handful of sectors such as auto, consumer discretionary and real estate rally

Markets News

Good news! Income Tax rebate limit up at Rs 5 lakh, standard deduction at Rs 50,000

The change in the limit will save middle-class individual assessees Rs 10,000 a year each

Budget 2019, Notional Rent on Your Second House, Tax Rebate Up To Rs 5 lakh,Standard Tax Deduction Limit, Capital Gain Investment News

Mutual Funds have Rs 11,000 crore exposure in Essel Group firms

Over Rs 8,000 crore of the total exposure is currently held by 150 debt schemes by the top fund houses.

Markets News

Interview to select chairman, MD of LIC on January 4

Interview for the selection of chairman of Life Insurance Corporation of India (LIC) and managing director will be held in Delhi on January 4.

Industry News

Worst performance: Nearly 69 per cent equity plans give negative returns in 1 year

In terms of sectoral returns, the infrastructure sector saw its category average at -17.58%, with all the 23 schemes giving negative returns.

Markets News