Mutual funds

- A + A SHANGHAI (June 25): China's securities regulator proposed rules to regulate private pension investment via mutual funds, setting the criteria for qualified products and sales agents under a scheme that will channel fresh savings into the country's capital markets. The draft rules, published by the China Securities Regulatory Commission (CSRC) late on Friday (June 24), came after Beijing in April launched a milestone private pension scheme to tackle challenges of an ageing population. Under the scheme, eligible Chinese citizens can buy mutual funds, savings deposits and insurance products via their own individual pension accounts, potentially boosting a pension market that has lured foreign asset managers including Fidelity International and BlackRock. The proposed rules "have set a relatively high bar for products and institutions, and are designed to ensure safety of pension fund investment and protect investors' interest", the CSRC said in a statement on … [Read more...] about China proposes rules to regulate private pension investment via mutual funds

Joydeep Sen The common refrain of debt fund investors is that returns nowadays are muted and lower than expectations. In some instances like liquid funds, returns are lower than bank term deposits. However, something positive is brewing in the background. And no, we are not going to give you high hopes about next year, that returns will improve significantly. We are talking of something structural, about the framework for debt funds. Let’s go back in time, three years or so. The atmosphere was about defaults by certain issuers. It started with IL&FS in September 2018, and one by one, many others broke. DHFL, ADAG group entities, and quite a few others. Even a bank; additional tier 1 perpetual bonds of Yes Bank were written off by the Reserve Bank of India (RBI) in March 2020. In the same month, at the start of the pandemic, there was significant redemption by foreign portfolio investors in debt, putting pressure on the system when liquidity was tight. Due to these systemic … [Read more...] about Good times ahead for debt funds, though returns are muted

If you have investments in one or more IRAs, and you are starting a new job with an employer that offers a 401(k) plan, an important question may well arise – should you move your assets from your IRA into your new 401(k)? While the question is a logical one, it rarely arises because IRA “roll overs” generally happen in the opposite direction, with investors moving 401(k) assets into an IRA when they leave a job, or simply to take advantage of the investment freedom that an IRA offers. Nevertheless, there can be some good reasons to move your IRAs into your company’s 401(k). In this article, we’ll look at the pros and cons of this maneuver. Key Takeaways If you are starting a new job with an employer that offers a 401(k) plan, you might be wondering if you can move investments from your IRAs into your new plan. While unusual, this can have some advantages if you want to access your retirement funds early, or defer distributions until you retire. The disadvantage of doing … [Read more...] about Should I Put My IRAs Into My Company’s 401(K)?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The merger between Shriram Group of companies will likely be completed by September-end, and to increase the effectiveness of merged entity, over 500 branches of Shriram Transport Finance Corp (STFC) and Shriram City Union Finance (SCUF) will cross-sell each other’s loans, deposits and other products beginning July 1, SCUF Managing Director and Chief Executive Officer (MD & CEO) YS Chakravarti told Moneycontrol on June 22. Shriram Group's board had on December 13 approved the merger of its lending subsidiaries Shriram Capital (SCL) and SCUF with STFC. The merged entity would be known as Shriram Finance. Chakravarti said the group ran a pilot project, focusing on cross-selling different products of STFC and SCUF in 50 branches initially. This led to loan lead … [Read more...] about As Shriram Group merger nears completion, 500 branches of STFC, SCUF to cross-sell products: MD

One of them, Rob Walton, just led a family group to bid $4.65 billion for the Denver Broncos NFL team. Here are the other heirs that rank the highest on Forbes’ list. A shock ran through the sporting world last week when a group led by Walmart heir Rob Walton won the bidding war for the Denver Broncos NFL team with a $4.65 billion offer . The eye-popping sum made the deal the most expensive sports team purchase in history and turned a spotlight on the man at the center of it all: the typically low-profile Walton. The eldest son of Walmart founder Sam Walton, he inherited his fortune and served as Walmart’s chairman for 23 years. Now worth $57.2 billion, he is the 15th richest person in America and the fifth richest U.S. heir. A handful of Rob Walton’s relatives are among America’s richest people as well. Founded in 1962 by Sam and his brother James “Bud” Walton, Walmart, the country’s largest retailer, is still about half owned by members of the family. Seven have … [Read more...] about They Inherited Billions Upon Billions: Meet America’s Richest Heirs

In early 2022, Fidelity became the first major financial services firm to offer investors the chance to add crypto assets to their 401(k) retirement accounts. The company is a giant in the retirement business, holding more than $2 trillion in 401(k) assets, and administers the pension plans of more than 23,000 companies across the country. The company announced in April that by late 2022, employees will be able to add Bitcoin to their 401(k) accounts—if their employer allows it. Though this move was certainly a milestone for crypto, many analysts have been quick to point out that cryptocurrencies may be a poor choice for investors looking to build value over the long term. In early 2022, Fidelity Investments became the first firm to announce that employees could add crypto—in the form of Bitcoin—to their 401(k) accounts. The company will make this available to all 23,000 employers for which it oversees 401(k), and this is expected to be ready in the summer of 2022. … [Read more...] about How Does the Fidelity 401(k) That Allows Crypto Work?

New York (CNN Business) Warren Buffett's Berkshire Hathaway is betting that the oil boom isn't going to end any time soon. Berkshire Hathaway disclosed in a regulatory filing late Wednesday that it spent about $529 million to buy nearly 9.6 million shares of Occidental Petroleum in the past week. Berkshire Hathaway ( BRKB ) made the purchases between June 17 and June 22. Buffett's conglomerate now owns a 16.3% stake in Occidental Petroleum ( OXY ) , making it by far the largest owner of the stock. Mutual fund giant Vanguard is the second biggest investor, with a nearly 11% position in the company. Occidental Petroleum is the best performer in the S&P 500 this year, rising 92% as crude prices have soared. Shares were up more than 3% in early trading Thursday. Buffett says Berkshire's success is more about being 'sane' than 'smart' But Occidental Petroleum isn't the only energy company that Berkshire … [Read more...] about Warren Buffett must really love oil. Berkshire boosts Occidental Petroleum stake

Share to Twitter Share to Linkedin It’s been a rocky few weeks for one of the most stable relationships in cable news. As the animus grows between Fox News founder Rupert Murdoch and President Donald Trump, so do the rumors that they will one day be competitors in the market for conservative news. If Trump actually wanted to start a media business, he’d presumably have to make a significant investment, which could be challenging, given his current lack of liquidity and pile of debt. Competing with Murdoch would be even tougher. Sure, Trump previously made some money in television. But the vast majority of his $2.5 billion fortune comes from real estate, the business his father taught him. Murdoch, who started with less than the President, is now worth nearly eight times as much, $19 billion, with a media empire that circles the globe. Murdoch’s story begins with just a single local newspaper in Adelaide, Australia, which he inherited from his … [Read more...] about Here’s How Rupert Murdoch Became Eight Times Richer Than Donald Trump

Representative image Walmart Inc-owned payments unicorn PhonePe's consolidated net loss for 2020-21 (FY21) remained largely unchanged, even as the company reported a sharp rise in revenues, as its employee costs surged over two times during the period. PhonePe reported a consolidated net loss of Rs 1,728 crore for FY21, against a consolidated net loss of Rs 1,771 crore a year earlier, according to financial data accessed by the business intelligence platform, Tofler. During the year, the company reported an 85 percent rise in its revenue from operations to Rs 690 crore, the data showed. PhonePe's employee benefit costs for the year jumped to Rs 1,235 crore from Rs 480 crore a year earlier, the data showed. According to Tofler, the share-based remuneration to the key management personnel for FY21 was Rs 608 Crore. However, the company halved its advertising and promotional expenses to Rs 535 crore from Rs 1,017 crore a year earlier. The payments company, in April, had said … [Read more...] about PhonePe’s FY21 loss little changed even as revenues soar 85%

PhonePe CEO Sameer Nigam (Image credit: Photo tweeted by @_sameernigam) Payments and financial services company PhonePe has clear plans to list on the stock exchanges some day and when ready the company will launch an initial public offering (IPO) in India, founder and CEO Sameer Nigam said. Speaking in an episode of CNN News18 ’s Bits to Billions, Nigam said that the company is also in the process of moving its registered entity from Singapore to India. Missed Bits to Billions? Watch it here: PhonePe Is Made In India, Will List In India: How Sameer Nigam & Rahul Chari Built A Unique Unicorn "We are moving our holding company to India, and we will list here. Our board has already signed off on it, it's just a matter of time now," he said. "We are a made in India company. Every office, data centre, and employee of ours is here. There is no reason why we should not contribute to wealth creation in this market." Close PhonePe's move to bring back its … [Read more...] about PhonePe is made in India and will list in India, says CEO Sameer Nigam