Government has been very keen on launching exchange traded fund of PSU bank stocks in the next financial year. “We are open to the idea of floating an ETF consisting of stocks of PSU banks. We are studying the price movement of the probable stocks which could form part of the index,” the official told PTI. … Read more
Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited, and investment manager to Aditya Birla Sun Life Mutual Fund (“ABSLMF”), has launched the Aditya Birla Sun Life Retirement Fund. It is an open- ended retirement solution oriented scheme for investors. The fund has a lock-in period of minimum five years or … Read more
The Security Exchange Board of India (SEBI) have permitted mutual funds and portfolio services (PMS) for trading at commodity market. The board be meeting in the second week of March. SEBI has already made provisions for its entry as a new participant. It is reported that SEBI has tweaked its regulations so that warehouse receipts … Read more
The Bharat 22 ETF has been hitting the charts. In its second follow-on issue, (B22ETF) has been subscribed around 10 times. B22ETF has been the driving force by which the government is divesting stake in 22 companies. Bharat 22 ETF turned out to be a whopping success as its Rs 3,500 crore offer got subscribed … Read more
Bharati AXA Life Insurance has introduced a new child insurance plan ‘Bharati AXA Shining Stars’. This new insurance provides life cover to parents and provides children with financial stability. As mentioned in a press release, the plan shields children from financial insecurity with guaranteed buyouts and helps secure the children’s future. It helps parents choose … Read more
The Additional Offering Period (AOP) of ICICI Prudential Mutual Fund managed BHARAT 22 ETF has just been announced. This AOP is a part of the Government of India’s disinvestment initiative announced earlier by the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, using the ETF route. ICICI Prudential AMC proposes to raise … Read more
ICICI Prudential Mutual Fund today announced the launch of ‘Retirement Fund’, an open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier). Sharing his views about the fund, Mr. Nimesh Shah, MD & CEO, ICICI Prudential AMC said, “The best time to plan for your retirement is when you … Read more
Do you remember the last time you wanted to sell your house but had to pay long term capital gain tax (LTCG)? Well, there’s good news for you. With the Interim Budget of 2019, you can invest in two houses and save taxes from the fiscal year (FY 2020). As some of you may be … Read more
The Interim Budget 2019 proved to be a mixed bag of sorts, but there were a fews sops going in the favour of the middle class. Usually overlooked, the middle class have got tax-breaks in the form of rebates, and tax exemptions on property. With more cash at their disposal, the middle class consumption power … Read more