Mutual funds are one of the most preferred investment options these days. A mutual fund is an investment fund that is managed by a fund manager. The money invested by individual investors is pooled in to purchase different kinds of securities. The portfolio of securities is diverse and is tailored as per the investment goals of the investors. Mutual funds are considered to be a less risky investment option.On the basis of the subscription period, mutual funds can be classified into two categories – close-ended mutual fund and open-ended mutual fund. In a close-ended mutual fund, a fixed number of units are issued which are traded on the stock exchange. A closed-end fund functions like an exchange-traded fund. How does closed-end fund work?As per the guidelines of the securities market regulator SEBI, a mutual fund is launched through a New Fund Offer which can be open for a maximum of 30 days. The funds are then traded in the open market like shares. The price of the fund is … [Read more...] about Close-end funds: What is close-ended Mutual Fund and how it works
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It’s difficult for any of us to articulate the nuanced pangs of the human emotional spectrum, which is why we rely on other media–art, photography, and music–to explore those feelings when words fail. But could we streamline that artistic release? Could we just use an app to reach catharsis? advertisement advertisement Flutter may offer that opportunity. At first glance, it’s just a music generator. You touch anywhere on the screen to build and manipulate a track, changing its key. But it’s designed with an intent to be more than another music app. Flutter has been built from its core to be an easily manipulated soundtrack to your emotional state. Simply by dragging your thumb, the app can echo anything from anger to comfort. The project is the brainchild of Alex Rothera–who you may recognize from work on landmark Disney Research projects–and Ivor Williams, who leads the new Being and Dying research group at Somerset House. “It … [Read more...] about App Lets You Create A Musical Score For Your Grief
Zee Entertainment Enterprises share price fell nearly 3 percent in the early trade on November 19 after Brickwork Ratings India had downgraded the credit rating of the non-convertible preference shares of the company.Brickwork Ratings India Private Limited intimated the company about credit rating downgrade in connection with 6 percent cumulative redeemable non-convertible preference shares & the issuer rating.The rating agency has downgraded cumulative redeemable non-convertible preference shares rating from BWR AAA to BWR AA+ with Credit Watch with negative implications.Close Also, issuer rating has downgraded from BWR AAA to BWR AA+. related news Peninsula Land share price rises nearly 5% despite rating downgrades by ICRA Welspun Corp share price gains 4% on CCI approval for sale of plates & coils mill division SBI Life Insurance share price falls 6% after block deals worth Rs 3,210 cr The downgrade in the rating factors the deteriorating financial … [Read more...] about Zee Entertainment share price dips 2% after Brickwork downgrades credit rating
The original Constitution of the United States, housed in the National Archives, is instantly recognizable to anyone who studied U.S. history—think “We the People” in large, elegant script. But the Constitution most people read, if they read it at all, usually comes in the form of a pocket-size book or digitized, search-able text. Recently, a surge in enthusiasm for the documents have also compelled artists to copy the Constitution by hand, and the New York Times to print an annotated version in its Sunday paper. advertisement advertisement ThoughtMatter, which has created its own version of the Constitution: a riso-printed, pink-and-blue booklet that wouldn’t look out of place at a zine fair. The agency has rendered the 230-year-old document in the common visual vernacular of today, in the hopes that it will help school kids learn about the Constitution. With a Kickstarter campaign for the … [Read more...] about Does The Constitution Need A Redesign?
Major jewellers Gitanjali, Ginni and Nakshatra have also come under the scanner of various investigating agencies following PNB 's declaration of Rs 11,400 crore fraud, committed allegedly by Nirav Modi.Punjab National Bank yesterday detected some fraudulent transactions with financial implication of USD 1.77 billion (about Rs 11,346 crore) and the matter has been referred to law enforcement agencies for the recovery.PNB said in a statement that fraudulent transactions took place in one of its branches in Mumbai for the benefit of a few select account holders with their apparent connivance.Close Based on these transactions, done by his brother Nishal, wife Ami and Mehul Chinubhai Choksi, other banks appear to have advanced money to these customers abroad. related news PC Jeweller Standalone June 2019 Net Sales at Rs 1,348.59 crore, down 44.35% Y-o-Y PC Jeweller Standalone March 2019 Net Sales at Rs 2,191.46 crore, up 4.2% Y-o-Y PC Jeweller posts Rs 376.8 crore net loss in Q4 … [Read more...] about PNB fraud: Jewellery stocks lose shine; Gitanjali Gems tanks 20%, PC Jeweller sinks 5% at close