New lower rates effective from August 26, 2019; applicable to fresh deposits and renewals of maturing deposits The 50 bps cut means interest income will drop by up to Rs 46,300 for Rs 10 lakh FD
The big move has been to withdraw enhanced surcharge on equity capital gains for FPIs and domestic investors; promises more measures in coming weeks
Option to exit investment in open-ended as well as close-ended schemes at the applicable NAV without exit load between Aug 26 to Sep 24
About 220 funds have a track record of 10 plus years and out of them there are just 30 odd instances of a fund manager’s tenure being 10 years or more
Brickwork Ratings downgrades the rating of the bank loans and various NCDs of Sintex-BAPL Ltd to ‘default’ status, resulting in a valuation of 0.97% of DSP Credit Risk Fund
The fund house has launched separate index funds tracking Nifty 500, Bank Nifty, Nifty Midcap 150 and Nifty Smallcap 250 indices
SEBI portfolio manager monthly report for top 15 PMS managing Rs 80,000 cr has more losers than winners in July as the PMS performance meltdown continues
Where option is exercised, STT at the prescribed rate shall be levied on the “intrinsic value” instead of the settlement price as at present
In July, foreign portfolio investors sold banks and IT stocks, while domestic mutual funds bought private sector banks, energy, staples and CPSE stocks
Debt funds have over Rs 1,800 crore exposure in the housing finance firm; Big funds like Reliance Credit Risk Fund, HDFC Corp Bond Fund and Aditya Birla SL Low Duration Fund have exposure
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