Beginning October 1, 2011, SEBI has asked Fund houses to provide all investors an option to hold mutual fund units in a demat form. Investment expert PV Subramanyam gives us an insight on the implications of holding units in a demat form
Equity diversified NAVs ended lower with advance:decline ratio of 82:156 as the Indian markets replicate yesterday’s trade and ended on a flat note despite positive surprises from heavyweights L&T and Ashok Leyland on Thursday.
Securities and Exchange Board of India (SEBI) has begun process to standardise demat of mutual fund units.
K Ramanathan the CIO of ING Investment Management India, in an interview on CNBC-TV18 spoke about his reading of the market. He also gave his sector specific call and how he sees specific stocks from these sectors performing today.
Union Bank enters mutual fund space by joining hands with KBC Asset Management of Belgium to launch Union KBC Asset Management Company.
In an interview with CNBC-TV18, R Sukumar of Franklin Templeton Investments, spoke about his reading of the market and the road ahead.
Equity diversified NAVs ended lower with advance:decline ratio of 10:230 as the Equity benchmark indices closed flat on Monday.
In an interview to CNBC-TV18, Peter Redward, Head Rates Research for Emerging Asia, Barclays Capital said that the market is likely to be driven by oil prices. Though he sees higher risk in global economy, Redward hopes that the European Union situation will stabilise.
Equity diversified NAVs decline with advance:decline ratio of 1:254 as markets plunge yet again on Tuesday as the two PSU heavyweights SBI and ONGC together lost Rs 30000 crore market-cap.
A Merrill Lynch survey shows that while fund managers are increasing their allocation to the emerging markets, India is one of their least favoured markets.
Rahul Chadha, Mirae Asset Management, in an exclusive interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, says: “India will continue to underperform in the near-term as the fiscal balance is in a worse shape compared to other peer ASEAN markets. In the current scenario, a much larger policy push to the economy is required”.
ICICI Direct has evaluated the performance of Mutual fund industry in current market scenario. The report provides you the detailed analysis of overall mutual fund industry vis-à-vis equity and debt market.
Government policies, inflation and weak earnings seem to be talking a toll on Indian market. The market sentiment is also largely hit by high crude price and weak global cues. Experts feel that the jittery is set to stay here for long.
Equity diversified NAVs ended lower with advance:decline ratio of 5:248 as the Equity benchmark indices continued to remain sluggish and grinding lower on tepid turnover with rate sensitives and commodity stocks reeling under selling pressure on Monday.
FT India Balanced Fund has announced a dividend, for which the record date has been fixed as May 20, 2011.
Birla Sun Life Mutual Fund has announced dividend in Birla Sun Life Equity Fund and Birla Sun Life Tax Plan, for which the record date has been fixed as May 20, 2011.
A panel set up by SEBI to boost mutual fund investments through distributors is considering a new incentive model, wherein investors could be asked to pay a service fee and commissions would be borne by fund houses.
Equity diversified NAVs end with positive returns with advance:decline ratio of 251:5 as the market rallied 400 points spurred by sweeping victory of two political queens: Mamata and Jayalalithaa, managed to hold to only half of the gains on Friday.
Franklin Templeton Asset Management has reduced its weightage in banking & financial services, information technology and automotive space, while increased its exposure in telecommunication, chemicals and services sectors.
Kotak Mahindra Asset Management has enhanced its exposure to sectors like banking & financial services, metals & mining and tobacco. however, it reduced its investments in information technology, oil & gas and retail & real estate space.
Birla Sun Life Mutual Fund has launched a new fund as Birla Sun Life Capital Protection Oriented Fund - Series 6, a close ended capital protection oriented scheme aims to provide capital appreciation linked to equity market with downside protection at the end of tenure.
Equity diversified NAVs ended lower with advance:decline ratio of 0:254 as the Equity benchmarks fell quite sharply in the second half of trade - down 249 points on the Sensex, especially after sell-off in the European markets on Thursday.
HDFC Asset Management Fund decreased its weightage in the information technology, engineering & capital goods and banking & financial services sector, while enhanced its coverage to metals & mining, automotive and telecommunication sectors.
Equity diversified NAVs end with positive returns with advance:decline ratio of 246:9 as the Indian equity benchmarks closed with moderate gains on Wednesday amid a choppy trade, helped by financial, metal, realty, FMCG and Anil Dhirubhai Ambani Group companies' shares.
Equity diversified NAVs ended lower with advance:decline ratio of 91:150 as the it was another rangebound session for the Indian equity benchmarks on Tuesday - especially after that sharp spike up seen on last Friday.