Bharat Bond ETF, the initiative of the Department of Investment and Public Asset Management (DIPAM) of the government, was launched on December 12.The government had announced plans for debt ETFs in Budget 2019. The ETF has a duration of 3 years maturing in 2023 with a yield return of 6.69 percent and another duration of 7 years maturing in 2030 with a yield return of 7.58 percent. Both will be listed on NSE and BSE.Stressing on the appeal factor of 3-year and 7-year duration, Deepak Jasani Head Retail Research, HDFC Securities said, "Returns of this 3-year variant could be compared to Banking and PSU debt funds that have an average maturity of 2-4 years and a similar portfolio holding. Longer duration variant (10-years) would naturally bear high duration risk and can be considered by informed investors who want to take high duration bets."Close This ETF is managed by Edelweiss Mutual Fund. So the fund is called Edelweiss BHARAT Bond ETF, and the fund will invest in the bonds … [Read more...] about Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite?
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New data from Jumio, the leading AI-powered trusted identity as a service provider, reveals that new account fraud increased 27.8 percent worldwide YTD in 2019, compared to full-year 2018 results, and more than 100 percent compared to 2014 levels.Surprisingly, attempted new account fraud was 19 percent less during the Black Friday/Cyber Monday weekend (compared to the average 2019 fraud levels), when fraud attempts normally escalate.In the third edition of Jumio’s Holiday New Account Fraud Report, fraud is defined as an attempt by an individual to create a new online account by manipulating a government-issued ID.Close The company compared global ID fraud patterns from millions of ID verification transactions between 2014 and 2019 across various industries, focusing on the period between Black Friday and Cyber Monday, including Thanksgiving and the Tuesday after Cyber Monday. Jumio also analyzed new account fraud levels across regions, countries, industries and time period. … [Read more...] about Global New Account Fraud Increased 28% in 2019: Report
The Indian economy has grown by leaps and bounds after attaining Independence in 1947. The history of trade and commerce in the Indian subcontinent can be divided into many phases — deindustrialization induced by colonization, socialist central planning in the aftermath of Independence and free market economics after the liberalization reforms of 1991.India’s share of the world economy slipped from around 25 percent in 1700 to 4.2 percent in 1950. A century under colonial rule had sapped the country’s entrepreneurial spirit. The country was forced to divert its raw materials to feed the mechanized factories that had sprung up in Britain during the industrial revolution. Poverty and famine was rampant.After the British left Indian shores, the newly elected government charted a course for the country that entailed capital controls and central planning, much along the lines of the Soviet Union. Even though the ruling dispensation at the time had pledged … [Read more...] about The India growth story: Here’s how some macro indicators have fared since 1947
Indian equity benchmarks logged strong gains on December 13 buoyed by positive global sentiment as hopes of an orderly Brexit grew stronger after a landslide election victory for British Prime Minister Boris Johnson.The Sensex settled 428 points or 1.05 percent, higher at 41,009.71 while the Nifty closed the day with a gain of 115 points or 0.96 percent, at 12,086.70.Close Mid-caps and Small-caps, too, witnessed decent gains but underperformed the benchmark Sensex. BSE Mid-cap closed 0.92 percent up and the Small-cap index settled 0.82 percent up. For the week, both Sensex and Nifty climbed 1.4 percent. related news ITDC jumps 9% on merger with Kumarakruppa Frontier Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December BGR Energy share price locked in 20% upper circuit on Rs 4,442-cr order win Among sectoral indices this week, the Nifty PSU Bank surged 4.5 percent, while the Nifty Metal and the Nifty Auto were up over 3 percent each. The Nifty … [Read more...] about Movers & Shakers: Top 10 stocks which gained or lost the most this week
The Indian benchmark indices are trading on a negative note with Nifty down 34 points at 11,807 while the Sensex shed 115 points and is trading at 39,471 level.Nifty Metal is down over a percent dragged by Jindal Steel & Power, JSW Steel, Tata Steel, Vedanta and NALCO.However, the PSU Bank index is outperforming all other indices, which jumped close to 2 percent led by Central Bank of India and Union Bank of India which jumped over 6 percent each followed by Bank of India, Canara Bank, IDBI Bank, Punjab National Bank and Syndicate Bank.Close "There are talks of privatization in the financial sector, and there could be some announcements regarding the same in the upcoming budget and/or also outside the Budget, over the course of the year. The government has already provided recapitalization to some of the PSU banks, and gradually seems to be going in for consolidation within the sector," said Sampath Reddy, CIO at … [Read more...] about D-Street Buzz: PSU banks rally led by Union Bank; SBI hits record high, Bharti Infratel slips 2%