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Name Change of IDFC Dynamic Equity Fund

Name Change of IDFC Dynamic Equity Fund

IDFC Mutual Fund has announced that the name of its scheme IDFC Dynamic Equity Fund has been changed to IDFC Balanced Advantage Fund with effect from 3rd May 2021. The scheme continues to remain an open-ended dynamic asset allocation fund investing inequity,...

Winding Up of Franklin Debt Schemes

Winding Up of Franklin Debt Schemes

Franklin Templeton Mutual Fund has already disbursed INR 9,122 crore in February 2021 and INR 2,962 crore in April 2021 as part of the first and second payment tranches respectively. The Supreme Court-appointed SBI Funds Management Pvt. Ltd. in February to oversee the...

Mutual Fund Update – Winding Up of Franklin Debt Schemes

Mutual Fund Update – Winding Up of Franklin Debt Schemes

Franklin Templeton Mutual Fund has already disbursed INR 9,122 crore in February 2021. The assets in the six shutdown schemes were worth around INR 26,000 crore on the day they were frozen and the NAV now exceeds the values as on 23rd April 2020.  As of 15th April...

Gold: A Solid Investment 

Gold: A Solid Investment 

Gold has always been considered as a very attractive asset class for Indian households. Now it is becoming an investing tool as well, as investors have started adding gold in their portfolio as part of asset allocation. This we can see from the data shared by AMFI as...

India’s Debt-To-GDP Ratio On The Rise

India’s Debt-To-GDP Ratio On The Rise

The International Monetary Fund (IMF) today said India's Debt-to-GDP ratio increased from 74% to 90% during the COVID pandemic. It was also noted that the Debt-to-GDP ratio is expected to reduce to 80% with the assumption that in the medium term there will be healthy...

RBI Holds Repo Rate

RBI Holds Repo Rate

RBI announced that the repo rate will remain unchanged at 4% for the 5th consecutive period after the meeting of Monetary Policy Committee (MPC). The reverse repo rate and marginal standing facility and bank rate also remain unchanged at 3.35% and 4.25% respectively....

Spike in Covid Cases Results in Market Correction

Spike in Covid Cases Results in Market Correction

India recorded its highest case count for a 24 hour period at over 1 lakh fresh COVID cases evoking fear that the second wave is here. This is the highest daily spike since the pandemic started in India; during the first wave, the highest daily rise was reported on...

Why Gold and Silver are Shining Despite Lower Demand

Gold has always been considered a safe haven whenever there is a crisis-like situation in the world. Gold has already given 38% returns to date whereas silver has delivered a 35% return to date during the year. The main reason for this trend is that investors around...

Voda-Idea Ltd. Pays Dues: Franklin Major Beneficiary

Voda-Idea has paid its dues in full against the securities held by mutual funds that matured on Friday 10th July 2020. The total amount received by the fund houses is as follows: Franklin Templeton India: Rs 1252 cr. UTI Mutual Fund: Rs 166 cr. Nippon India Mutual...

Select Sectors Being Favoured by FIIs

Select Sectors Being Favoured by FIIs As reported by us earlier, FIIs have turned bullish on India this month investing more than Rs. 35,000 crore. There are select sectors, which have found favors this time - telecommunications, auto, construction, and media. The...

FIIs Turn Buyers in Indian Equity Markets

Foreign Institutional Investors (FIIs) were big sellers in both Indian equity and debt markets in March 2020, when the COVID 19 pandemic started spreading and the lockdown was announced. Aggregate sales by FIIs were to the tune of about Rs. 125,000 crore. However,...

Voda-Idea Makes Interest Payment to Mutual Funds

Vodafone Idea Limited has made the interest payment due on 12th June 2020 on its debt security which is maturing on 10 Jul 2020. The payment has been received by several mutual funds like Franklin, Nippon India, UTI, and Aditya Birla. Franklin Templeton has received...

Government of India Announces Fiscal Stimulus

Prime Minister Modi made a bold announcement of fiscal stimulus aggregating Rs. 20 lakh crore to fight the impact of coronavirus on the Indian economy. This amount is approximately 10% of GDP and the fifth-largest stimulus announced globally. Govt has already...

India Proposing Tax Holiday for up to 10 Years for New Investments

Ministry of Trade, Govt of India, is proposing a tax holiday for companies bringing in new investments in India as the government explores measures to support the economy amid the coronavirus pandemic.  The proposal is currently under consideration with the Finance...

!!Impact of RBI Special Liquidity Measures!!

A week ago, the Reserve Bank of India (RBI) announced a special liquidity measure of Rs 50,000 crore for the mutual fund industry, and the Association of Mutual Funds India (AMFI) on May 3 claimed that net redemptions under Credit Risk Funds have dropped 81.5 percent....

!!New Updates on RBI Liquidity Window!!

As today's Data came from RBI shows that the banks have borrowed only 2000 crore under the liquidity window opened by RBI for the Mutual fund industry, the initial low response may suggest that the mutual fund industry has not yet faced redemption pressure, as was...

!! RBI came out to support Mutual Funds !!

Yesterday, the Reserve Bank of India announced special liquidity of Rs 50,000 crore to provide support to mutual funds by providing them liquidity for any major redemptions. The funds are going to be available through banks, under repo operations. The step taken by...

Buying physical gold in festivals will be an old tradition now !!

Yesterday, there was Akshaya Tritiya, a festival which is famous for buying gold but the lockdown we are facing right now has impacted this badly, as data shows that there is a 95% decline in gold purchases, this year in Akshay Tritiya, because we can not go outside...

Positivity in Negative Oil Prices

We all are constantly hearing that the May contracts of  WTI crude (West Texas intermediate) which produces crude oil is trading at -$40 per barrel while the June contract is at $5 per barrel. Apart from the reduced demand for oil due to worldwide lockdown, such a...

News Alert on Voda-Idea !!

News is coming from various sources that (Voda - Idea) can infuse fresh capital in its telecom company this year. The size of money from both the company might be $325 to $375 Million. We all know that the company is struggling with financial problems due to its AGR...

Current Market Conditions and Suggested Course of Action

Globally the markets have been extremely volatile due to uncertainty created by the issue of Covid-19. Various countries have imposed lockdowns impacting businesses. Such lockdowns are unprecedented. Crash in oil prices (declined by almost 50%) has added to problems...

Will the Coronavirus (COVID-19) really impact the Stock Market?

Globally markets have been under pressure of  COVID-19 outbreak, including Indian markets. However, we need to be objective in our assessment of the impact, particularly if we have invested keeping long-term in mind. Let’s first look at the performance of indices...

Updates on Yes Bank

Latest Updates The Government of India placed Yes Bank under moratorium and capped withdrawals for a month, while the RBI superseded the Board of the private lender citing a steady decline in its financial position. The Ministry of Finance took the decision after...

Nivesh.com Creates Record of 1,118 SIPs in a Single Day

Nivesh.com concluded Maha Login Day on July 16 with huge success. The mass-market online mutual funds platform created an enviable record of registering 1,118 SIPs in a single day with the average ticket size of SIPs at Rs. 5,000 per month per folio. The company’s...

Nivesh.com Raises INR 3 cr Seed Funding through LetsVenture

Rajan Anandan, MD, Google India and Basab Pradhan – former Infosys Global Sales Head invest in the startup Achieved cumulative 25,000 transactions within 12 months of operations Plans 3x increase in operations by end of 2018 across tier II and tier III cities...

Nivesh.com Raises INR 3 cr Seed Funding Through LetsVenture

Nivesh.com Raises INR 3 cr Seed Funding Through LetsVenture

Rajan Anandan, MD, Google India and Basab Pradhan – former Infosys Global Sales Head invest in the startup. Achieved cumulative 25,000 transactions within 12 months of operations. Plans 3x increase in operations by end of 2018 across tier II and tier III cities....