Unlike value averaging SIPs, the SmartSIP will keep the monthly amount constant, but will allocate between equity and debt based on market conditions.
Sekhon will work from the asset management company's office in Singapore
The scars of the AFC and more recent GFC that swept developed markets in 2007-2009 still remain in the minds of many investors
The future of payments will be like a sci-fi movie where NFC and facial recognition will enable payments. Currency notes will become a thing of the past, branches will become lesser even as robot advisors, virtual assistants and chatbots will be your new banker, wealth advisor and cashier.
So far, Deal4loans has helped in disbursing loans worth Rs 13,500 crore and targets an annualised run rate of Rs 6,500 crore for the financial year end.
Franklin India Smaller Companies Fund announces dividend, the record date for dividend is February 19, 2016
In an interview to CNBC-TV18, R Sukumar, MD and CIO, Asian Equities, Franklin Templeton Investments, says consumption growth next year is likely to be stronger. However, the recovery in investment cycle could be slower, even as we are at the start of a cyclical upturn in the economy, he says
Market veterans Sanjoy Bhattacharya, Managing Partner of Fortuna Capital, KV Sivasubramanian, Former CIO of Franklin Templeton, Saurabh Mukherjea of Ambit Capital and Ramesh Damani, Member of BSE discuss the art of selling in stock market.
Anand Radhakrishnan, CIO, Franklin Templeton says: "Clearly, there is a risk to global equity markets, but when it comes to India, the risks are much less today than what it was in 2008."
Domestic mutual fund inflows are triggering the ongoing midcap rally, but Harendra Kumar of Elara Capital warns that cracks are likely to emerge sooner than later and advises selling them on rally.
The government's decision to allow Employees' Provident Fund Organisation (EPFO) invest 5 percent of its Rs 1 trillion investible fund in exchange traded equity funds has made mutual fund houses bullish about launching retirement equity funds, industry officials said.
In his meeting with a group of US investors, Jaitley, who concluded his nine-day US tour yesterday, alluded to the extensive reforms that have been launched by the government in the last one year.
Purav Jhaveri of Franklin Templeton expects the economy to improve with correction in the market and better earnings in future.
The Budget has made an additional tax break of Rs 50,000 into the NPS investment under section 80CC(D) of the Income Tax Act. Currently, three MF houses, out of a total of 45, are having products in the pension segment and they are UTI MF, Franklin Templeton and the recently launched retirement product by Reliance Mutual Fund.
The fund house, which follows financial year ending on September 30, closed last year with an AUM at Rs 60,000 crore. "We have closed the last fiscal with our AUM at Rs 60,000 crore and as on February 28, our AUM had crossed Rs 70,000 crore.
CARE Ratings looks to strengthen its presence in the SME sector by opening additional 30-40 SME outlets, says company MD and CEO DR Dogra.
IDBI, which holds 16.6 percent in the company, is leading the stake sale talks.
The country's 44 fund houses together had an average AUM (Asset Under Management) of Rs 7,93,331 crore at the end of 2012, which increased to Rs 8,77,973 crore in 2013, as per latest data vailable with industry body AMFI (Association of Mutual Funds in India).
Rakesh Arora of Macquarie feels initial results from banks are encouraging and a rotation from IT to banks might be on the cards. â€œWe remain buyers on all dips,â€ he adds.
R Sukumar, MD and CIO of Franklin Asian Equities at Franklin Templeton prefers private sector banks.
R Sukumar, MD and CIO of Franklin Asian Equities recommends long-term investors to bet on Indian equity market given its attractive valuations.
However, Dover himself is "quite positive" on India over the long-term. He feels India is likely to be an outperformer over next 3-5 years.
Franklin Templeton is underweight on the FMCG basket and sees relatively less upside potential in the sector.
R Varadarajan, MD, Repco Home Finance in an interview to CNBC-TV18 said the anchor book which was opened yesterday has been fully subscribed at the upper band of Rs 172 per share.
Veteran emerging markets investor Mark Mobius sees a bumper year ahead for riskier, high-yielding assets as hundreds of billions of dollars flows off bank balance sheets and back into markets