“The dividend is paid out from the distributable surplus accumulated over the years, irrespective of the prevailing market situation,” Manoj Nagpal, Outlook Asia Capital said. Source linkContinue Reading
“The revision in limits will enable a reduction in incremental cost of funds by 25-30 basis points,” said Gagan Banga, vice chairman, Indiabulls Housing Finance. Source linkContinue Reading
In a balanced fund, the debt component in the portfolio provides a cushion against volatility, while the equity component allows the portfolio to grow. Source linkContinue Reading
Solomon’s comments come as lawmakers are taking negotiations to approve another coronavirus stimulus bill down to the wire. Source linkContinue Reading
There is no entry or exit load by fund houses in liquid funds. As per Value Research data, the category of liquid funds has given a return of 7.77% over the last one year. Source linkContinue Reading
Two large mutual fund houses, including ICICI Prudential and HDFC, have grown their assets, crossing the magic mark of Rs 2 lakh crore for the first time. Source linkContinue Reading
Interestingly, some mutual fund houses are keen to launch NFOs with Hindi names so that investors in rural areas understand the objective of the schemes in a better manner. Source linkContinue Reading
Tata Sons has already proposed extra-ordinary general meeting of shareholders at some firms to seek ouster of Cyrus Mistry from their respective boards. Source linkContinue Reading
Central KYC Registry or CKYCR will now replace the existing multiple KYC submission process while opening savings bank accounts. Source linkContinue Reading
These money and investing stories were popular with MarketWatch readers this past week. Source linkContinue Reading