Mutual Funds

  • Jaitley announces some concessions, tax on mutual fund from July 10 July 25, 2014

    New Delhi: The government on Friday announced some concessions for mutual fund industry and income tax payers, while committing to low tax regime to promote industrial activity to generate jobs and create more resources to undertake social welfare activities. Announcing the concessions in the Lok Sabha, Finance Minister Arun Jaitley said...
  • Mutual Fund industry says Budget a mixed bag July 10, 2014

    Mumbai: The mutual fund industry on Thursday welcomed the Budget proposal to increase the tax exemption limit under section 80C of the Income Tax Act to Rs 1.5 lakh, but said other measures were a mixed bag. "The additional exemption under 80C will provide a limited window for tax exemption eligible...
  • Government to raise longterm capital gains tax on debt Mutual fund to 20 pc July 10, 2014

    New Delhi: In a move that may come as a blow to the mutual fund industry, the government on Thursday proposed to raise longterm capital gains tax on debtoriented mutual funds to 20 per cent from 10 per cent, to bring parity with banks and other debt instruments. However in the...
  • Investors pump in Rs 54,000 crore in mutual fund schemes in FY14 July 9, 2014

    New Delhi: Investors pumped in nearly Rs 54,000 crore in various mutual fund schemes in 201314, 23 per cent lower than the amount infused by them in the preceding fiscal, the Economic Survey on Wednesday said. "During 201314, mutual funds mobilised Rs 53,782 crore from the markets as compared to Rs...
  • What are the taxation rules for mutual funds? April 28, 2014

    The implication of taxation in a mutual fund is very critical and is often misunderstood. In this article I will try to decode the taxation aspect on mutual funds for the investors. Short term capital gains tax Debt funds Any profit or loss made in a debt fund where the period of...
  • How can I create an effective portfolio through mutual funds? April 25, 2014

    Lot of people believe that investing in a fixed deposit does not carry any risk. If fixed deposit is offering you 8 per cent p.a. rate of return and inflation is 9 per cent p.a., you destroy your wealth by 1 per cent. In a fixed deposit, the capital is...
  • Sebi clears new corporate governance norms, mutual fund policy February 13, 2014

    To exhort listed companies and their top executives to follow 'good business practices', regulator Sebi on Thursday cleared new corporate governance norms that require them to justify CEO salaries, put in place whistleblower policies and have orderly succession plans. The new norms were cleared by the Sebi board on Thursday and...
  • All about the concept of Simply Finance Quiz November 10, 2013

    CNNIBN brings to you the new concept about the financial quiz across the eight locations of the country to pick the best teams across the universities of the nation. ...
  • RBI rules out ban on sale of gold coins by banks May 28, 2013

    Pune: The Reserve Bank on Tuesday ruled out a ban on the sale of gold by banks but asked lenders to refrain from aggressively selling the precious metal. RBI Governor D Subbarao told reporters here that the RBI did not intend to ban sale of gold coins by banks. "We do...
  • Odisha: Investors duped of nearly Rs 20,000 cr May 1, 2013

    Bhubaneswar: A scam as big as the chit fund fraud in West Bengal has been exposed, but this time it is in Odisha. A CNNIBN exclusive shows how fraudulent investment companies are duping investors in the state. Investors have been swindled off nearly Rs 20,000 crore by 40 finance companies...
  • ICICI ties up with Syndicate Bank for its schemes distribution October 3, 2012

    Mumbai/New Delhi: ICICI Prudential Mutual Fund has entered into a strategic partnership with Syndicate Bank, one of India's most trusted and progressive PSU Banks for distribution of its mutual fund schemes to further strengthen its distribution reach. Syndicate Bank will now be distributing ICICI Prudential Mutual Fund products to its...
  • Andrade: Look at firms that shrink balance sheets January 17, 2012

    He has worked in the Indian mutual fund industry for more than 15 years. He picks tomorrows bluechip stocks from todays numerous midcap companies. Investment philosophy: He hitched his fund wagon to the theme of consumption and food inflation more than two years ago and his top picks too have...
  • HSBC Mutual Fund's gear up for global collaboration November 1, 2011

    After a lacklustre performance in the last three years in the equity category, HSBC Mutual Fund is gearing up for some serious changes. Tushar Pradhan, the chief investment officer (CIO) of HSBC Mutual Fund, has been given the responsibility to manage the HSBC Equity Fund along with three other equity...
  • RIL to be debtfree this year: Mukesh Ambani June 3, 2011

    Mumbai: Corporate giant Reliance Industries' Chief Mukesh Ambani on Friday announced that the company would become debtfree in the current financial year. Announcing a bullish stance on the company's financial position, the Chairman and MD said that RIL would become debtfree on a net basis in the current 201112 fiscal. RIL...
  • Holding the foreign hand FIIs in mutual funds March 19, 2011

    The floodgates might just have opened for the Indian mutual fund industry. Indian markets have always been considered to be very attractive for investors in developed markets, but mutual funds in India were never allowed to tap retail investors from abroad. Hence, mutual funds used the Mauritius route to attract...
  • Reliance MF launches Gold Savings Fund February 9, 2011

    Mumbai: Anil Ambani group firm Reliance Mutual Fund today launched a new Gold Savings Fund, a firstofitskind investment scheme focused on gold, to tap a market that it expects to become bigger than even equity mutual funds. The new fund, which is different from gold ETFs (Exchange Traded Funds) that require...
  • Learning from the past: Market trends January 28, 2011

    Mutual fund managers will scratch their heads when they look at the graphic on this page. The retail investor confused them in 2010. Fund managers used to view retail investors as simplistic individuals who would follow the herd. When the market would rise, the net inflow of funds would rise. When...
  • All About the Money: picking MFs May 8, 2010

    Mutual funds are a safe investment; they are easier to buy, and laws regulating them are strict. But what funds to pick? All About the Money speaks to Kartik Varma, cofounder of iGate, and other experts for guidance. ...
  • IRDA tells insurance Cos to ignore SEBI ban April 11, 2010

    A day after market regulator SEBI banned the sale of unit linked insurance plans by 14 major life insurance companies; insurance regulator IRDA has told the insurance companies to ignore the SEBI ban. They have told them to carry on with business as usual. It said the SEBI order is...
  • Golden mean: the right number of mutual funds to own December 3, 2009

    Designing the rightsize portfolio The famous maxim referred to as the Occams Razor goes like this entities must not be multiplied beyond necessity. Keeping with this maxim, a portfolio that is of a correct size should satisfy two clauses: a necessity clause and a sufficiency clause. These refer to how many...
  • Forbes India: No longer mutual for the middleman July 21, 2009

    From August 2009, the Indian mutual fund industry will change its distribution model under an order from the Securities and Exchange Board of India. The regulator has done away with entry load for schemes. This will cause a lot of turmoil for all three parties involved: Mutual fund companies, investors...
  • SEBI may scrap entry load on MF investments June 11, 2009

    New Delhi: The Indian mutual fund industry is set to change forever. Tilting towards a more investorfriendly mode with market regulator SEBI set to bring one of the biggest reforms the industry has ever seen the power to investors to decide the commission they pay and scrapping entry loads. It's...
  • Why Golden Monday was declared a nonbusiness day? May 19, 2009

    Mutual fund managers have come in for criticism of late. Various fund managers have been accused of sitting on high cash holdings when the markets went up. CEO of Value Research, Dhirendra Kumar said many investors would be disappointed with the performance of the mutual funds. A lot of investors came...
  • 'Thank God its Monday' at the Stock market May 19, 2009

    Mumbai: Markets opened for the first time after the General Elections 2009 results that were declared on Saturday, May 16. The markets got their chance to react to the results on a Monday, unlike five years ago. This time it was not a Black Monday, but a Golden Monday instead....
  • I hold sector funds: Should I exit? May 13, 2009

    Recently, someone mailed in asking, "I have SIPs (systematic investment plans) in equity mutual funds. Should I continue in them?" After confirming that the time horizon was indeed long term, we thought the obvious answer would be a YES. But when we looked at the details of the mail, we found...
  • Here's How: Save your salary and invest in MFs May 11, 2009

    The Wealth team asks working professionals what they do with their salary how they save it, how they invest it. As part of this series, Wealth spoke to an investor who invests in everything but mutual funds. NAME: Adarsh Shetty Age: 30 What I do: Web designer Where I stay: Mumbai Adarsh Shetty is...
  • This Akshaya Tritiya, bring home gold ETFs April 27, 2009

    Buying gold on the day of Akshaya Tritiya is considered auspicious. So, this year bring home gold either in the form of gold ETF. Traditionally, your only option when it comes to buying gold was in the physical form. But with the launch of Gold Mutual Funds (Gold Exchange Traded Funds...
  • Attention: Attractive financial plans could be boobytraps April 22, 2009

    WE talk money with working professionals. As part of this series, we spoke to a marine engineer who was lured into opening a bank account with false promises. Name: Krishnan Subramaniam Age: 35 Where I stay: Mumbai What I do: Marine Engineer Never trust an extra attractive financial scheme. Ask Krishnan Subramaniam. He would know....
  • Are returns from mutual funds, PPF, taxable? March 27, 2009

    Readers ask: I am 35 and I am an engineer at a manufacturing company. I earn Rs 6 lakh as annual income. I invest Rs 15,000 in life insurance policies, Rs 10,000 in post office savings, Rs 5,000 in public provident fund (PPF), Rs 70,000 in mutual funds (tax planner)....
  • Tips on investing money in income funds February 23, 2009

    Bajaj Capital's Managing Director Rajiv Bajaj gives some tips on investing money in income funds. "Debtbased mutual funds do not invest even a single rupee in equity. As interest rates are coming down so one can expect good returns from income funds," says Rajiv Bajaj. ...