Category: Mutual Fund
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SEBI allows MFs, portfolio managers to invest in commodity derivatives
New Delhi : The Securities and Exchange Board of India (SEBI) on Friday allowed mutual funds (MFs) and portfolio managers to invest in commodity derivatives to strengthen the market offerings and attract more players. “The Board deliberated and approved the proposal contained in the memorandum to enable the participation by mutual funds and portfolio managers…
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SEBI eases norms for non-residents to transfer shares to kin
Mumbai : Capital markets regulator SEBI on Monday granted relaxation to non-residents from furnishing PAN card details to transfer equity shares to their immediate relatives subject to conditions. According to the SEBI, many non-residents such as Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), Persons of Indian Origin (PIOs) and foreign nationals have been facing…
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How to create a perfect mutual fund portfolio in the current volatile market
By Rahul Agarwal, A perfect mutual fund portfolio is one that is commensurate with ones appetite for risk and is capable of meeting ones financial goals. An investor in the equity markets, especially through the mutual fund route, has to acknowledge that volatility is part and parcel of the markets. The focus should, therefore, be…
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IRDAI has reservations about Max Life Insurance-HDFC Standard Life merger
Chennai, (IANS) : The merger of Max Life Insurance Company Ltd with HDFC Standard Life Insurance Company Ltd has hit the regulatory block with the insurance regulator expressing reservations on the proposed scheme, Max Financial Services said on Saturday. In a regulatory filing in BSE, Max Financial Services Ltd said the Insurance Regulatory and Development…
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IRDAI finds Sahara Life promoters ‘fit and proper’
By Venkatachari Jagannathan Chennai:(IANS) India’s insurance regulator has not come across any concern relating to Sahara Life Insurance Company Ltd even though SEBI has cancelled the licence of Sahara Mutual Fund on the ground its promoters are not ‘fit and proper’ to run the mutual fund business. “We have not come across any concern relating…
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India clubs all types of foreign capital to set equity limits
New Delhi:(IANS) In a reformist move to attract more foreign investment and simplify the norms, India on Thursday clubbed the categories under which capital flows into domestic companies from abroad, to determine the compliance towards overseas equity cap imposed in some sectors. In a decision taken by the union cabinet at a meeting presided over…
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A shortcut may not help you earning good money
Mr. Syed Waqar Naqvi, CEO of Taurus Mutual Fund, is among the few who strived in reviving company’s stability. He not only made exceptional efforts in taking company to new heights but also succeeded in giving himself an identity in corporate world. A special report by Danish Reyaz: The laptop and two cell phones are…
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Axis Mutual Fund launches Axis Hybrid Fund Series 5
Axis Mutual Fund has launched a closed end income fund – Axis hybrid Fund Series 5. The fund will invest in high quality fixed income securities that are maturing on or before the maturity of the scheme and in equity instruments. The new fund offer is currently open for subscription and closes on July 19.…