Post the news, the price of bitcoin went downhill to USD 1,022, as per the CoinDesk Bitcoin Price Index (BPI).
India is the world's second-biggest gold consumer, but platinum jewellery has become increasingly popular in the past few years with sales rising by 25-30 percent a year, Grubb said.
The second tranche sale of government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 12,000 crore from investors, which is twice the amount sought to be raised.
In an interview to CNBC-TV18 Neeraj Kumar Gupta, Secretary, Department of Investment and Public Asset Management (DIPAM) spoke about his views on Central Public Sector Enterprises Exchange Traded fund (CPSE ETF).
The Finance Ministry has invited applications to engage an asset management company (AMC) to create the new ETF.
Anticipating a downtrend, Faber said he's holding physical gold in safe-deposit boxes and buried in his garden, as well as holding gold mining shares. For "ordinary" investors, he recommended holding gold exchange traded funds (ETFs), such as the Market Vectors Gold Miners ETF, or GDX.
"Employee's Provident Fund (EPF) has not invested in individual stocks. It has invested only 5 percent investible surplus in ETFs of Nifty and Sensex-based index. The total amount invested is Rs 6,577 crore as on March 31, 2016," Minister of State for Finance Jayant Sinha said in a written reply to the Lok Sabha.
Change of name does not necessarily mean that the crucial facts about the scheme has changed.
Currently, the market is only following global trends without much consideration to domestic fundamentals, says Vaibhav Sanghavi, MD of Ambit Investment Advisory .
The listed funds -- passive exchange-traded funds (ETFs) and active non-ETFs -- generally account for a large part of foreign portfolio investor (FPI) activity in India.
The GBS and GMS aim to curb investment demand for gold and also mobilise idle gold lying with households.
Retirement fund body EPFO would invest more funds in equity markets only if the performance of its investments in stocks is encouraging, Union Minister Bandaru Dattatreya said here today.
Watch the interview of Tanvir Alam of fincart.com with Sumaira Abidi and Reema Tendulkar on CNBC-TV18, in which he spoke about gold exchange traded fund (ETF).
The point here is not to go in for a big time stake sale. In fact, the government did shed its stake in Axis Bank to around 10 percent in FY14 and the plan was not to sell any further stock in FY15.
ETF's has put a target of Rs 3000 crore and so far Rs 1400 crore have been raised, Ravi Mathur, Disinvestment Secretary, Ministry of Finance, told a press conference.
CNBC-TV18‘s Manasvi Ghelani reports that the government plans to launch an ETF to boost divestment and lure participation from retail investors.
"Those markets that have seen a lot of opportunistic investment flows on the back of stronger, enhance yields are certainly vulnerable to this flight of capital in the next couple of weeks," Richard Gibbs told CNBC-TV18 in an interview.
Global investment banker Goldman Sachs is believed to have been chosen for setting up the PSU Exchange Traded Fund (ETF) to help government achieve its disinvestment target.
India has chosen Goldman Sachs as the asset manager for a planned exchange-traded fund made up of shares in listed state companies, two sources with direct knowledge of the matter told Reuters.
Mirae Asset Management Company may come up with a balanced fund and an exchange traded fund (ETF) in future to complete its product basket, a top company official said here today.
It is beginning of a new year and people are interested in preparing their personal budget and thereby plan their personal finances. In an interview to CNBC-TV18, Pankaj Mathpal, Optima Money Managers shared is reading and outlook on benefits of planning a proper personal budget.
The department of disinvestment (DoD) will soon appoint internationally-reputed advisors for setting up an exchange traded fund (ETF) for selling shares of PSUs to meet the disinvestment target of Rs 30,000 crore.
Akshaya Tritiya is supposed to be one of the most auspicious days to buy gold as per Indian belief. But before buying, lets take a look at the pros and cons of the most attractive gold investment options available in the Indian market.
SBI Mutual Fund recently announced that it is going to launch a mutual fund related to gold. In regards to the same, Navneet Munot, CIO of the fund told CNBC-TV18 that the main feature of the fund was to promote the concept of a systematic investment plan (SIP) in gold.
In an interview with Ramesh Damani, Balaji Gopalkrishnan, MD, Credit Suisse, David Abner, Director, Instl ETF Sales & Trading and Nitin Rakesh, CEO & MD, Motilal Oswal Asset Management, speak about ETFs.