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How MF dividends return investors' own money as taxable income

New Delhi, Oct. 9 -- Mutual Fund dividend plan assets have seen a 50% drop over the past year as Budget 2020 made dividends taxable at slab rates. In a circular issued on 5 October, the Securities and... Read More


Sebi clamps down on inter-scheme transfers in debt mutual funds

New Delhi, Oct. 8 -- In a circular issued today, markets regulator Sebi has heavily restricted the use of inter-scheme transfers (ISTs) by debt mutual funds. Inter scheme transfers involve shifting of... Read More


Central govt staff can switch PF managers

New Delhi, Oct. 8 -- Competition for managing India's Rs.1.61 trillion central government pension pool is expected to rise, after the pension regulator Monday allowed subscribers to switch their corpu... Read More


Central govt staff can switch PF managers

mumbai, Oct. 8 -- Competition for managing India's Rs.1.61 lakh crore central government pension pool is expected to rise, after the pension regulator Monday allowed subscribers to switch their corpus... Read More


Amfi asks Sebi to restore mutual fund cut-off time to 3 pm

New Delhi, Oct. 8 -- In response to a Mint question today, Amfi CEO NS Venkatesh confirmed that the industry body has asked market regulator Sebi to restore the cut-off time for mutual fund purchases ... Read More


Sebi revamps mutual fund riskometer, renames dividend option

New Delhi, Oct. 5 -- The Securities and Exchange Board of India (Sebi) has introduced detailed guidelines for determining the place of a mutual fund on its riskometer tool. The new system introduces a... Read More


Edelweiss launches domestic and world healthcare index fund

New Delhi, Oct. 5 -- Edelweiss Asset Management Company has launched a domestic and world healthcare index fund with MSCI. The new fund offer (NFO), which will open on Tuesday, marks MSCI's entry into... Read More


IIFL Wealth exits advisory business post Sebi circular

New Delhi, Oct. 3 -- IIFL Wealth Management Ltd has exited its investment advisory business on 1 October, following a circular from the Securities and Exchange Board of India (Sebi) asking companies t... Read More


Small saving plans beat bank FD rate

New Delhi, Oct. 2 -- The finance ministry's move to keep small savings rates unchanged for the quarter to December even as banks have slashed deposit rates has not only made the small savings schemes ... Read More


Gap between bank fixed deposits and small savings schemes widens

New Delhi, Oct. 1 -- The government has held interest rates on small savings schemes unchanged for October-December 2020 even as banks have been on a rate-cutting spree, following the covid-19 crisis.... Read More