The latest SPIVA® (S&P Indices Versus Active) India Scorecard reveals that over a one-year period, ending 29 December 2017, 59.4% of large-cap equity funds, 72.1% of mid/small-cap equity funds and 34% of Indian composite bond funds underperformed their respective indices. Akash Jain, Associate Director, Global Research & Design, Asia Index Private Limited said: “As of … Read more
ICICI Securities Ltd. (I-sec) is a leading technology-based securities firm in India that offers a wide range of financial services including brokerage, financial product distribution and investment banking and focuses on both retail and institutional clients. It has been the largest equity broker in India since fiscal 2014 by brokerage revenue and active customers in … Read more
HDFC Life has launched a fixed-benefit insurance plan that covers 18 heart conditions, called HDFC Life Cardiac Care. These 18 conditions are classified into three categories as per the severity – High Severity, Moderate Severity and Mild Severity. A lump sum benefit is given to the insured as per the category. Highlights: A fixed … Read more
ICICI Prudential AMC is offering a close-ended fund, Bharat Consumption Fund Series I, for subscription to the public. The fund, as the name suggests, will invest in the fast-growing consumption sector in India. ICICI Prudential Bharat Consumption Fund Series 1, a ~3.5 years close ended equity fund, aims to benefit from consumption themes that include … Read more
There’s a big question in the minds of mutual fund investors is: Should one average-down when the markets are falling? It’s been a volatile last few weeks, and equity prices have tumbled back to levels where they were seven months ago in July 2017. Stocks have lost significantly, and equity mutual fund investors are also … Read more
Bandhan Bank Ltd. (BBL), a micro finance company that got RBI license in 2015 for Bank, has transited itself into a bank on 23rd August 2015. It had a mandate to bring IPO within three years of starting banking operation; it is coming much before that with its maiden IPO. Operations BBL is a commercial … Read more
Industry AUM up 24% YoY; declines marginally on MoM basis According to the Association of Mutual Funds in India (AMFI), the Assets Under Management (AUM) of the Indian mutual fund industry came in at Rs. 22.20 lakh crore in February 2018, down from Rs. 22.41 lakh crore in January 2018.Compared with January 2018, there was a marginal decline in AUM across … Read more
BSE is pleased to announce that 40 banks have been enabled for e-mandate on BSE StAR MF, India’s largest mutual funds distribution Infrastructure. BSE StAR MF introduced e-mandate facility on 20th January 2018. This is completely paperless framework that reduces the time taken for mandate approval to 3 days from 10 to 35 days taken for paper based … Read more
The world of finance is not smooth and straight. There will be ups and downs. The important thing is whether you are staying the course and whether you save or not The financial world will always be choppy. There will be times when asset classes swing unpredictably. Equity assets are most volatile, but even debt … Read more
H G Infra Engineering Ltd. (HGIEL) is an infrastructure construction, development and management company with extensive experience in focus area of road projects, including highways, bridges and flyovers. Operations Its main business operations include (i) providing engineering, procurement and construction (“EPC”) services on a fixed-sum turnkey basis and (ii) undertaking civil construction and related infrastructure … Read more