The market was under pressure in July, due to renewed worries over the US-China trade war, concerns over economic slowdown and the income-tax surcharge on foreign portfolio investors.The mutual fund (MF) industry also experienced the heat of selloff. Nevertheless, it still fared better than the pack of heavyweights in Nifty.In July 2019, cumulative equity assets under management (AUM) stood at Rs 6,84,200 crore, down 5.46 percent while the benchmark Nifty corrected by 5.7 percent.Close As per data from Edelweiss Securities, the major contribution to the inflows of equity schemes came from large cap, focused, mid cap and small cap funds to the tune of Rs 6,000 crore. related news Banking wrap: RBI hikes deposit withdrawal limit for PMC Bank customers; lenders count on realty fund for NPA relief ICICI Bank expands branch network in Tamil Nadu ICICI Bank opens 57 branches in Andhra Pradesh, Telangana this fiscal Fund managers added large-cap private banks, utilities, energy and … [Read more...] about Fund managers bet over Rs 8.5K crore on these 6 stocks in July; do you own any?
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Assets of mutual funds grew by over 7 percent in October but equity mutual funds inflows hit a 5-month low in the same period despite a rise in equity markets.Amid intermittent bouts of volatility, BSE's benchmark Sensex rose 3.6 percent last month while the Nifty50 index registered a rise of 3.5 percent in the same period and second consecutive month when the index closed in the green.Mutual fund schemes witnessed a net inflow of Rs 1.33 lakh crore last month as compared to an outflow of Rs 1.51 lakh crore in September, according to the data released by Association of Mutual Funds in India on November 9.Close The inflows helped the asset base of the MF industry grow by almost 7.5 percent taking the total AUM to Rs 26.32 lakh crore. related news Inflation a concern, but RBI rate cut a strong possibility, say experts In Focus with Udayan Mukherjee | Can the stock market rally despite weakening economy? Muthoot Finance share price rallies 8% on stellar Q2 results Equity mutual … [Read more...] about Top 30 large, mid & smallcap stocks fund managers bought, sold in October
The TRAI has released several recommendations for platform services offered by DTH operators, defining them as programmes transmitted by distribution platform operators exclusively to their own subscribers.The definition excludes Doordarshan and registered TV channels, the Telecom Regulatory Authority of India (TRAI) said in a statement on November 13.Platform services shall not include foreign TV channels that are not registered in India, the telecom regulator said.Close A reference was received from the Ministry of Information and Broadcasting (MIB) on July 2 this year, seeking recommendations of the TRAI for inclusion of a few issues regarding platform services with reference to the DTH guidelines. related news Hybrid Funds: Get complete guide on Hybrid Mutual Fund Children's Day Special | Plan your child's financial future What explains the strength in VIP’s stock and should you buy now? The TRAI issued a consultation paper on 'Platform Services offered by DTH … [Read more...] about Definition of DTH platform services excludes foreign channels not registered in India: TRAI
Planning to buy a house? Looking for a home loan? Before you take the plunge, it is important that you understand the home loan eligibility criteria for all banks and financial institutions. You can save yourself from getting your application rejected if you know you are an eligible candidate for the loan. You can also save time while applying a loan if you know you are eligible for the loan.If you meet the criteria set by banks for home loans, you make for a strong application. Most banks and lenders have a different set of criteria for judging applicants. However, some factors are common among all lenders such as age, employment status and credit score. In the following sections we give you a breakdown of these criteria. Home Loan Eligibility for All Banks in India The housing loan eligibility criteria varies from one bank to another. However, there are some factors that are common across banks and lenders.Close Most banks offer loans to people who fall in the age bracket of 21 … [Read more...] about Home Loan eligibility criteria
Vikram had just purchased a home. While he wasn't married, and had just begun his career five years ago, this was the equivalent of scaling Mount Everest. And in his books - irrespective of what family and friends said about marriage - Vikram had actually settled down. Many friends agreed. After all, buying a home in India is a tough task, given the rise in real estate prices. Fortunately, banks and non-banking financial organisations offer several types of home loans, depending on your requirement. There are home loans for women, agriculturalists, and even for purchasing land. Types of Home loansThanks to the demand in purchasing real estate, and the tax benefits that one can avail from a home loan, banks and non-banking finance institutions have the following home loan products available in the market that cater to your needs. Loans for purchase of landPeople buy land as an investment, and several banks and non-banking financial institutions offer loans for purchase of … [Read more...] about Home Loan types: Different types of Hosing Loan in India