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Bank FDs may ween away investors from mutual funds
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Indian Express
Theflow of funds into mutual fund schemes is likely to slow as banks move to raise deposit rates. In a volatile equity market, retail investors will be attracted more towards bank fixed deposits (FDs) than the equity schemes of mutual funds. State Bank of India (SBI) increased its deposit rates by ...
'FDI hike in insurance not soon'
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Indian Express
BajajAuto chairman Rahul Bajaj said if the government allows higher FDI in insurance, Germany s Allianz has the call option to raise its stake in their insurance JV from the present 26% to 49%. Bajaj, however, said he doesn t see the FDI hike in insurance happening now. It would be taken up by the n...
SME bourse not for retail investors
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Indian Express
TheSecurities and Exchange Board of India (Sebi) doesn t want retail investors to crowd in the proposed small and medium enterprise (SME) exchange. In order to have only informed, financially sound and well-researched investors in the proposed exchange for SMEs, SEBI has proposed a minimum investmen...
MF rural penetration still has a long way to go
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Indian Express
Thehigh-profile committee on financial inclusion, headed by the chief of the Economic Advisory Council (EAC) to the Prime Minister, feels mutual funds must pool more savings from outside the metropolises, but that may still be some time away. An indication of this is available from figures provided ...
Fund firm UTI looks to relaunch $500 mln IPO
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Reuters
HONGKONG/MUMBAI (Reuters) - UTI Asset Management, India's third-largest mutual fund firm, plans to revive its initial public offering after shelving a $500 million domestic listing earlier this year when marketsplunged....
Auto Funds: slowing down?
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Indian Express
TheIndian mutual fund arena is made up of around 30 fund categories. While most of the categories comprise numerous mutual funds, there s one category that is made up of only two funds. UTI Transportation and Logistics and JM Auto Sector are the only two auto sector-dedicated funds in India. And the...
Distribution tax in the case of liquid funds is higher at 25%
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Indian Express
Iregularly invest in mutual funds. However, I find that when I calculate my return on investment (ROI), it is sometimes lower and sometimes higher than what is given in the media (Economic Times, Business Standard, etc.) Could it be because my way of evaluating the return is based on my cost price r...
UTI MF may defer IPO to July; board meet today
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Indian Express
Indias largest asset manager, UTI Mutual Fund, may defer its initial public offering (IPO) to July in view of the looming financial turmoil in global markets. The board of UTI Asset Management Company is meeting in Mumbai on Saturday to take a decision. Market sources said the merchant bankers to th...
Kotak plans ETF linked to NSE index
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Reuters
MUMBAI(Reuters) - Indian mutual fund firm Kotak Mahindra Asset Management on Friday filed initial papers with the market regulator to launch an exchange traded fund (ETF) tracking the 50-share S&P CNX Niftyindex....
'Indian media arena is the most dynamic'
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Indian Express
LoweWorldwide, an interconnected global community of agencies on Wednesday announced the promotion of Lynn de Souza, director, media services, Lintas India, as chairperson and chief executive officer of Lintas Media Group (LMG). With capitalised billings of Rs 1600 crore, Lintas Media Group units ar...
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