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MUTUAL FUNDS NEWS
Amid Sebi's ban on overseas ETF inflows, the spread between market price & NAV widens
Tue, Apr 30, 2024     Source : Mint
Thanks to the restriction imposed on mutual fund houses for accepting fresh inflow into overseas exchange traded funds (ETFs), the gap between the trading price of units at stock markets and fund houses is...
NEWS
Sebi asks AIFs to report PPM changes directly to streamline compliance cost
Tue, Apr 30, 2024     Source : Economic Times
To facilitate ease of doing business, Sebi on Monday said certain changes in the private placement memorandum of alternative investment funds can be submitted directly to the regulator rather than through ...
NEWS
PMS providers need to start disclosing historical NAV of their strategies
Tue, Apr 30, 2024     Source : Mint
If you want the return data to reveal all its secrets, you will need to undertake a factor-based analysis for which historical NAV is needed
NEWS
Services exports may rise to $800 bn by 2030: Goldman Sachs report
Tue, Apr 30, 2024     Source : Economic Times
India's services exports will increase to $800 billion by 2030 from $340 billion in 2023, making the external sector resilient to supply-side shocks and reducing rupee volatility, Goldman Sachs said in a r...
NEWS
BSE shares plunge 18%, most since listing, on regulatory fee issue
Tue, Apr 30, 2024     Source : Financial Express
On Monday, shares of the Bombay Stock Exchange (BSE) plummeted by a substantial 18%, marking the largest single-day decline since its listing in 2017.
NEWS
Uttarakhand suspends licences of 14 products of Ramdev's pharma firms
Tue, Apr 30, 2024     Source : Business Standard
SC had recently criticised Ramdev for not complying with its directives in an ongoing lawsuit to stop misleading advertisements of some of his traditional ayurvedic medicines
NEWS
Foreign banks seek leeway on LEF rules for Nostro accounts
Tue, Apr 30, 2024     Source : Economic Times
At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank's Large Exposures Framework (LEF), particularl...
NEWS
Markets rebound sharply on buying in bank stocks, firm global trends
Tue, Apr 30, 2024     Source : Business Line
Sensex jumps 941 pts, Nifty settles above 22,600
MUTUAL FUNDS NEWS
Fund houses' ticker-tape parade of fiscal success on the D-Street
Mon, Apr 29, 2024     Source : Business Standard
Robust performance buoyed by soaring AUM and stellar equity performance
MUTUAL FUNDS NEWS
AMCs eagerly pursue special opportunities funds; 3 firms file draft papers with Sebi
Mon, Apr 29, 2024     Source : Economic Times
Asset management firms are showing enthusiasm for special opportunities funds, with three such firms submitting draft papers with markets regulator Sebi to float schemes based on this theme recently.
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