Mumbai: Fixed income investors unnerved by the volatility in interest rates and looking for predictable returns with low credit risk in debt mutual funds could opt for target maturity schemes, said investment advisors. This category of debt funds passively invests in bonds of a similar maturity constituting the fund’s benchmark index. On maturity of the … Read more
Mumbai: Non-bank finance companies, both local and global, can now start operations in Gujarat’s GIFT City. They will be allowed to offer the whole range of services — loans, exotic derivative trades, investment banking, and third-party product sales. The move by the International Financial Services Centre (IFSC), the regulator of the special economic zone, should … Read more
LONDON: Demand for funds which cherry pick investments with strong environmental, social or governance (ESG) credentials has surged in recent years. Many of these funds include terms such as ‘ethical’ or ‘impact‘ in their names. But what do these words actually mean? Below is a glossary of the key terms often used to describe investment … Read more
(This story originally appeared in on Apr 09, 2021) Mumbai: Aditya Birla Sun Life Mutual Fund is giving an option to investors in six of its fixed maturity plans (FMPs) to roll over their investments in these funds for one or two years. Those who want to take their money out will get it on … Read more
It’s rare that a herd of retail traders push back the stronger hedge funds. Synopsis In September 2020, activist investor and founder of online pet food portal Chewy, Ryan Cohen bought 13% in the company. The GameStop incident has caught the attention of markets, regulators and governments worldwide. It has been a classic financial power … Read more
Government organisations and government financial institutions mobilised 53 per cent of the total amount. Synopsis Banks and financial services sector collectively raised Rs 4.97 lakh crore or 64 per cent of the total amount while roads & highways sector mopped up Rs 58,052 crore, according to Prime. Mumbai: Indian companies raised record amounts through corporate … Read more
The Central Bureau of Investigation (CBI) is now probing the Sushant Singh Rajput death case from the angle of a suicide. The 34-year-old actor was found hanging at his Bandra residence on June 14. The Mumbai Police had initially declared it to be a case of suicide and has registered an Accidental Death Report (ADR) … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) has asked mutual funds to uniformly apply net asset value (NAV) across schemes upon realisation of funds. The capital markets regulator also tightened rules on the processes that fund managers follow to buy shares. The new rules will become effective from January 1. Currently, mutual fund … Read more
NEW DELHI—Investors across the globe are hoarding gold in the Covid-19 pandemic. In normally gold-obsessed India, there’s a glut, as struggling families stop buying and start hocking jewelry. International investors have lifted the price of gold to all-time highs this year, trying to get their hands on more gold coins, bars and exchange-traded funds. Many … Read more