Axis AMC says it has been conducting an investigation over the last two months, 'with the help of reputed external advisers', into potential irregularities.
Stocks with high Indian mutual-fund ownership have risen at a compound annual growth rate of 16% over the past 12 years, compared with 11% for stocks with high foreign ownership.
With a higher risk tolerance and more funds to invest, richer Indian households have enjoyed higher returns from mutual funds and listed shares in the pandemic period.
SEBI issues circular on perpetual bonds aimed at reducing risks faced by retail investors. This, however, will result in lower demand for bonds issued by banks for raising funds.
The new SEBI limits on mutual fund investments, which take effect 1 April, also apply to bonds that can be converted into equity upon a pre-specified trigger event.
The apex court had on 2 February ordered that Rs 9,122 crore be disbursed within 3 weeks to the unit holders of the schemes, in proportion to the holders' interest in the assets.
For years now, faith in the integrity of India's markets has hemorrhaged, with everyone putting own commercial interests above — and often against — those of investors.
Contraction in fund flows are cautionary tale for India’s $1.9 trillion stock market that’s looked past poor growth & pandemic to jump 40% from March low.
With the crisis continuing, Indian mutual funds halved their holdings of debt sold by shadow lenders in the two-year period to June after defaults by some major financiers.
Ventures by Japan, South Korea and Taiwan illustrate how the race for REE security is accelerating, powered by both geopolitical tension and industrial strategy.
ThePrint had previously reported that India & Russia are talking about 5 more regiments of the S-400, but no contracts are to be signed during the Russian president's visit.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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