Many wealthy investors are churning their portfolios ahead of the March 31 financial closing in order to benefit from the tax rule that allows investors to set-off their losses. According to market circles and advisors, investors lower taxes by selling now and buying back shares later. http://economictimes.indiatimes.com/markets/analysis/wealthy-investors-go-for-year-end-portfolio-churning-for-tax-gains/articleshow/12448658.cms
New Delhi:Investment in an Equity-Linked Savings Scheme (ELSS) of a mutual fund can yield higher returns compared to other instruments like PPF and NSC, a report by Crisil has said. “Our analysis shows that ELSS gave 26 percent and 22 percent annualised returns over three and 10 years respectively vis-a-vis 8-9 percent offered by traditional […]
New Delhi:Investment in an Equity-Linked Savings Scheme (ELSS) of a mutual fund can yield higher returns compared to other instruments like PPF and NSC, a report by Crisil has said. “Our analysis shows that ELSS gave 26 percent and 22 percent annualised returns over three and 10 years respectively vis-a-vis 8-9 percent offered by traditional […]
The finance ministry on Tuesday calmed the stock markets, jittery over apprehensions on the implications of the General Anti-Avoidance Rule (GAAR) proposed in the Union Budget. Finance Minister Pranab Mukherjee made it clear the rules were meant to check tax avoidance through complicated deals, and not directed against any particular mode of investment like participatory […]
Setting aside the widespread speculation that a foreign player would buy out Fidelity’s India business, L&T Finance, a domestic player, on Tuesday inked the deal for an undisclosed amount. Company officials indicated the deal value would around Rs 550-600 crore http://www.business-standard.com/india/news/lt-finance-buys-out-fidelity/s-india-mf-arm/469296/ .
SEBI today said it will come out with new norms for Initial Public Offer (IPO) in the next few months as the capital market regulator aims at ensuring minimum price volatility on the day of listing http://economictimes.indiatimes.com/markets/regulation/new-ipo-norms-in-a-few-months-says-sebi-chief-u-k-sinha/articleshow/12417974.cms .
SEBI today said it will come out with new norms for Initial Public Offer (IPO) in the next few months as the capital market regulator aims at ensuring minimum price volatility on the day of listing http://economictimes.indiatimes.com/markets/regulation/new-ipo-norms-in-a-few-months-says-sebi-chief-u-k-sinha/articleshow/12417974.cms .
The government on Monday increased the interest rates on fixed deposits under small savings schemes, including the Public Provident Fund (PPF), with effect from April 1, in line with the recommendations of the Shyamala Gopinath committee. The increase is aimed at linking these rates with the interest on government securities. After their dismal performance this […]
The ghost of participatory notes (PNs) has started haunting India’s stock markets. The fear that the income-tax (I-T) authorities would go after PN investments in equities, as General Anti-Avoidance Rules (GAAR) is implemented from April 1, saw the benchmark stock indices take a beating on Monday. GAAR, announced in Budget 2012-2013, intends to crack down […]
The Finance Minister, Mr Pranab Mukherjee, has asked SEBI to consider speeding up framing of regulations for alternative investment funds. Regulations for alternative investment funds are needed to address the systemic risk posed by unregistered private pools of capital, Mr Mukherjee said in his customary post-budget address to the SEBI Board in the Capital on […]
