BUSINESS
Hike in capital gains tax only a temporary concern, say MF players
While presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman proposed increasing the tax on LTCG from 10 percent to 12.5 percent while increasing the STCG from 15 percent to 20 percent.
BUSINESS
Here are the key themes likely to be in focus post Budget
Sitharaman presented a budget with a mixed bag of announcements that many view as a balancing act between pleasant surprises and mild shocks.
BUSINESS
Government push for self-sufficiency and rising demand keeps market upbeat on Semiconductors
In December 2021, the government launched the India Semiconductor Mission, announcing an Rs 76,000-crore chip incentive scheme, offering a 50 percent subsidy on capital expenditure for plant setup.
BUSINESS
Capital goods sector optimistic on increase in infrastructure spends, continued capex
Market participants also expect the budget to indirectly benefit various sub-segments within the capital goods universe through allocations to infrastructure areas such as roads, railways, and defence.
BUSINESS
Street eyes higher allocation for renewables, incentives as power demand rise
They also expect the Finance Ministry to extend the eligibility for the ISTS waiver for renewable projects beyond June 2025.
BUSINESS
Street remain optimistic on increase in defence capex spend
India is the fourth largest military spender globally. As per latest data from SIPRI, in 2023, at $83.6 billion, India’s military expenditure was 4.2 per cent higher than in 2022.
BUSINESS
'Tahe dil se shukriya ada karte hain…,' says Sebi chief Madhabi Puri Buch to SBI MF; here's why
Buch also praised the culture of the bank, which has manifested in its subsidiary, and thanked every member of the SBI Mutual Fund 'family' for their support and service
BUSINESS
Does your heart beat for the customer, Sebi chief asks mutual fund distributors
Madhabi Puri Buch said that a mutual fund distributor is an agent of the fund houses, similar to an employee, so if there is mis-selling or false advertising, then the AMC is liable.
BUSINESS
Budget Buzz: Quantum AMC’s Chirag Mehta expects a populist budget, airs his MF tax wish list
Mehta says that the impact of earlier government spends has been skewed towards certain areas rather than widespread, which was necessary at the time. But now, the need is to uplift the rural economy.
BUSINESS
Right time to be investing in factor funds, says Edelweiss MF’s Bharat Lahoti
Investors should look for funds that are data-driven, evidence-based, and offer controlled risk management, Bharat Lahoti, Co-head, Factor Investing, Edelweiss MF said.
BUSINESS
Budget 2024: Semiconductor industry upbeat on govt push for self-sufficience
In December 2021, the government launched the India Semiconductor Mission, announcing an Rs 76,000-crore chip incentive scheme, offering a 50% subsidy on capital expenditure for plant setup.
BUSINESS
MC Explainer | All you need to know about the new asset class proposed by Sebi
Sebi has sought feedback from the Association of Mutual Funds in India (AMFI) and individual asset management companies regarding the structure and asset allocation of this new category. Suggestions and feedback can be submitted till August 6.
BUSINESS
Sector Watch: Capital goods firms want capex continuity, focus on emerging sub-segments in Budget 2024
Market participants also expect the budget to indirectly benefit various sub-segments within the capital goods universe through allocations to infrastructure areas such as roads, railways, and defence while expecting announcements related to railway safety, new railway lines, and further investments in semiconductor manufacturing.
BUSINESS
Sector watch: Power sector hopes for higher allocation, incentives as demand continues to soar
Power stocks have been rallying over the last one year with valuations in the power sector currently higher compared to historical averages.
BUSINESS
Budget 2024: Street bets on increase in defence capex spend
The defence segment is expected to see increased allocation in the upcoming budget, continuing the trend of previous years, analysts said.
BUSINESS
MC-Deloitte CEO Survey: India Inc chieftains all eyes on LTCG proposals in Budget 2024
Around 38 percent of respondents suggested implementing uniform tax rates for long- and short-term capital gains to simplify the regime, indicating a desire for clarity and simplicity in tax calculations.
BUSINESS
Five key highlights from AMFI’s June numbers
For a straight second month, thematic funds saw increased inflows. The category has received the highest inflows within the equity-oriented mutual fund categories for the past six months
BUSINESS
Mutual funds cashing in on strong demand with theme-based NFOs
From tourism to business opportunities, mutual funds are launching a slew of new fund offerings (NFOs), specifically in the thematic and sectoral funds space
BUSINESS
Passive funds in limelight as majority of active funds underperform benchmarks
Recent data highlights higher returns delivered by passive funds, particularly index funds and ETFs, when compared to many active funds.
BUSINESS
International equity funds perform better than benchmarks but lag domestic returns
According to data from Value Research, international funds, on an average, gave returns of around 16.78 percent, 3.51 percent and 9.53 percent over 1-year, 3-year and 5-year period, respectively.
BUSINESS
In Charts: Key metrics that matter to women mutual fund investors
A latest survey from Axis Mutual Fund shows that while the investment landscape has seen a paradigm shift in the last few years, women have emerged as active managers of their financial portfolios.
BUSINESS
Here are the key things to know about inclusion of Indian bonds in JP Morgan index and what it means for India
Since JP Morgan announced India's inclusion nine months ago, eligible bonds have seen net purchases totaling ₹841 billion ($10.08 billion), according to HDFC Mutual Fund.
BUSINESS
The Special Opportunity: How unique corporate situations can create multi-baggers
Harsha Upadhyay demonstrates nine corporate situations that have delivered exceptional returns
BUSINESS
India bonds in JP Morgan index: A watershed moment that will attract huge flows, aid growth, say experts
Experts view inclusion of Indian bonds in the index as a watershed moment for India's fixed-income markets.
