BUSINESS
Hindenburg report: Rs 41,814-crore mutual fund money riding on 10 Adani group companies
Out of the 10 Adani group companies, Adani Ports and SEZ has the highest mutual fund exposure at Rs 13,024 crore, followed by Ambuja Cements at Rs 8,999 crore, ACC at Rs 7,668 crore and Adani Enterprises at Rs 7,291 crore.
BUSINESS
Will limit on overseas investments by MFs be enhanced, now that RBI Guv is happy with forex reserves?
India’s forex reserves reached a historical high of $675 billion, as of August 2, 2024, said RBI governor Shaktikanta Das in his monetary policy speech on August 8. MF industry experts say this is the right time to increase investment limits in foreign securities by MFs.
BUSINESS
Equity fund inflows fall 9% to Rs 37,113 crore in July; SIP book at fresh record high of Rs 23,332 crore
Inflows into open-ended equity funds have remained in the positive zone for the 41st month in a row.
BUSINESS
Invest in long debt mutual funds, as RBI holds rates, say experts
The central bank kept rates unchanged without changing the stance and inflation projection for FY25. The policymakers are likely to get a clearer picture on the inflation numbers after monsoon and the global interest rate movement before they act on easing the rates.
BUSINESS
What does keeping debt funds out of indexation benefit reversal mean for investors?
Indexation benefit withdrawal on grandfathered debt mutual fund units purchased before April 1, 2023 may have caused heartburn, but still all is not lost, experts say.
BUSINESS
Equity markets turn volatile: How should mutual fund investors deploy money today?
As volatility continues, financial experts advise mutual fund investors to exercise caution and refrain from making substantial investment decisions, both on buy and sell sides
BUSINESS
All mid & smallcaps aren’t expensive: Neelesh Surana, CIO, Mirae Asset
Mirae Asset Large & Midcap Fund, one of the well-performing equity funds has opened its doors. Neelesh Surana, Chief Investment Officer, Mirae Asset Investment Managers (India), talks about why the fund house has lifted investment restrictions on the fund at markets peak, sectors where he is finding new ideas, why investors ignored higher taxation on capital gains in Budget 2024 and where to invest Rs 10 lakh in this market.
BUSINESS
Are REITs and InvITs more appealing to investors post Budget 2024? | Simply Save
Under the new Budget proposals, investments in REITs and InvITs will be considered long-term if investors hold the units for more than 12 months, instead of the previous 36 months. Has this made these instruments more attractive for investors? Subahoo Chordia, Head of Real Assets Strategy, Edelweiss Alternatives addresses this in Simply Save Podcast.
BUSINESS
Can SEBI question your fund manager’s buy-sell decision?
In July, SEBI imposed a fine of Rs 5 lakh on HSBC Mutual Fund for not recording detailed reasons behind purchase and sale of shares in some of its invested stocks. The fund house failed to ensure and verify that due diligence was being exercised while making investment decisions, the SEBI order said.
BUSINESS
AMFI warns mutual fund distributors against running contests for sales promotion
The mutual fund industry body observed that in spite of clear guidelines, incentivisation programmes were still being launched by members, wherein the successful contestants were offered foreign trips /rewards in the garb of “training programmes” at different overseas tourist destinations.
BUSINESS
Has budget ‘24 put gold ETFs at an advantage over gold mutual funds?
Since gold ETFs are listed instruments, the long-term holding period comes in at 12 months after budget ‘24. For gains from gold mutual funds to qualify as LTCG, the holding period is 24 months. Does this make gold ETFs more attractive?
BUSINESS
Will overseas funds see a revival after budget relief on capital gains tax?
From January 2020 to end-January 2022, international funds' assets zoomed a little over 10 times to Rs 42,632 crore. From that time, however, SEBI restrictions on overseas investments and higher capital gains taxation caused fresh inflows to drop off precipitously.
BUSINESS
CBDT issues FAQs on capital gains tax provisions announced in Budget 2024
Earlier, there were three holding period for considering an asset to be a long-term capital asset. Now the holding period has been simplified. There are only two holding periods, for listed securities, it is one year, for all other assets, it is two years.
BUSINESS
Do bond fund investors need to change their strategy after Budget?
According to experts, the government's fiscal consolidation path will provide room for the Reserve Bank of India to cut rates, easing bond yields over a period of time.
BUSINESS
How your SIPs would be taxed after Budget 2024's capital gains tax rate changes
While capital gains tax on equity shares and equity mutual funds has increased, investors will find relief in the reduced tax rates on fund of funds, gold ETFs and international funds.
BUSINESS
Govt removes 20% TDS on repurchase of units by mutual funds, UTI
The Finance Bill 2024 seeks to omit Section 194F of the Income-tax Act relating to payments on account of repurchase of units by Mutual Fund or Unit Trust of India.
BUSINESS
Gold funds, overseas funds, FoFs big beneficiaries of capital gains tax changes
The Union Budget for 2024-25 has hiked the long-term capital gains tax (LTCG) on all financial and non-financial to 12.5 percent from 10 percent, while short-term capital gains tax (STCG) on some assets would be 20 percent.
BUSINESS
Long term capital gains tax hiked from 10% to 12.5% in Union Budget
The exemption limit for long-term capital gains tax has been increased to Rs 1.25 lakh from Rs 1 lakh. The budget also announced that listed financial assets held for more than a year will be classified as long-term.
BUSINESS
Mutual fund industry pushes for LTCG tax exemption on shares, equity funds after 3 years
Budget 2024-25: Currently, equity shares or units of equity funds held for more than a year are subject to capital gains tax at 10 percent if LTCG exceeds Rs 1 lakh in a financial year. Exemption from capital tax after three years holding period can encourage long-term investments in equities.
BUSINESS
Will crypto asset investors get a reprieve in Budget 2024?
Budget 2022-23 had brought in regulations mandating that gains arising from virtual digital assets (VDAs) or crypto assets be taxed at a flat rate of 30 percent irrespective of the individual’s income tax slab rate. In addition, a 1 percent TDS was introduced on every transfer of such assets.
BUSINESS
Will the government hike capital gains taxes in Budget 2024?
For capital gains tax, the holding period may differ from 12 months to 36 months, while the tax rate may range from 10 percent to a nominal tax rate.
BUSINESS
Economic Survey applauds retail investors for 'smart portfolio diversification'
The pursuit of generating income from alternative sources and lower returns generated by traditional asset classes such as real estate and gold have facilitated the entry of Indian investors in the pandemic period, the Survey noted.
BUSINESS
Annual net SIP flows double to Rs 2 lakh crore in last three years: Economic Survey
Economic Survey highlighted that the mutual fund segment presently has about 8.4 crore systematic investment plan (SIP) accounts through which investors regularly invest in schemes.
BUSINESS
ITR filing 2024: How tax harvesting can slash the tax payable, boost returns
In tax harvesting, long-term capital losses can only be set-off against long-term capital gains, while short-term capital losses can be set-off against either short-term or long-term capital gains.
