SoftBank hands new roles to two Vision Fund managing partners
The executive reshuffle signals a heightened focus on SoftBank’s senior ranks in a period of turbulence for the Japanese conglomerate.
CBDT notifies minimum fees for managers of India-based offshore funds
The floor rate for Category I foreign portfolio investors (FPIs), which...
Top mutual fund managers analyse RBI rate cut
“It’s raining in summer already ! That’s the reaction to a surprise rate cut by RBI today where...
Wary mutual funds still refuse to buy all but the safest debt
Sentiment soured after Franklin Templeton shut six debt funds in April.
MeitY fast-tracks work on ₹5K-cr fund-of-funds
MeitY officials are expected to approach the finance ministry as early as next week with a detailed proposal for the Software Product Development Fund (SPDF), according to three sources aware of the developments.
Buy Nippon Life India Asset Management, target price Rs 288: HDFC Securities
The brokerage has lowered target multiple, given the difficult operating environment in FY21E.
IDFC First Bank senior management takes 10 pc pay cut
IDFC FIRST Bank MD & CEO V Vaidyanathan has voluntarily offered to take a pay cut of 30 per cent in his compensation including fixed compensation as well as all allowances, the bank said.
Is your debt fund safe? Even top fund houses show Franklin-like temptation!
Some of the top debt funds hold sub-AAA rated securities in proportions that may not be safe.
Fund manager eying India stimulus bets on domestic demand stocks
The S&P BSE Sensex is down 23% from its January record high following a sell-off in March.
Star fund manager let down by his own creation
The spotlight has fallen inescapably on Santosh Kamath, the high-flying CIO at Franklin Templeton.
Debt fund managers relieved as RBI opens special liquidity window for mutual funds
The mutual fund industry heaved a sigh of relief after the Reserve Bank of India opened a Rs 50,000-crore special liquidity window for the beleaguered industry that has been facing a severe liquidity crisis.
EU announces initial funding of €500,000 for India to deal with Cyclone Amphan
In a statement she said, “Dozens of people have lost their lives as cyclone Amphan has come ashore southwest of Kolkata in eastern India and is making its way further north-east towards Bangladesh, causing further destruction and flooding.”
How to manage financial transactions efficiently
When you review money matters, focus on evaluating the performance and suitability of your investments to your current need for income, growth and liquidity. Review your insurance needs every time you cover a milestone in life.
Manulife Investment Management acquires 49 percent in Mahindra AMC
The joint venture will focus on expansion of fund offerings and long term wealth creation.
Franklin India may take over five years to return some funds
The development is the latest turn after the company shut six debt schemes last month.
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