Navigating today’s complex financial landscape can be daunting, with choices ranging from stocks and mutual funds to gold and fixed deposits (FDs). Amidst market volatility, experts advocate for constructing a diversified portfolio, leveraging assets like stocks or mutual funds to weather fluctuations. Gold serves as a stable diversifier, less susceptible to financial tightening,...
Tata Plans to enter Big in Digital World with all the product offerings Tata Digital, part of all-rounder conglomerate TATA group, will soon start selling everything online via soon-to-be-launched ‘super app’ which includes right from groceries to electronics and also Financial Products like Insurance, Mutual funds and Loans. The salt-to-steel conglomerate’s digital entity is touted as...
Tata Digital is set to acquire majority stake in e-pharmacy 1MG This investment is in line with Tata group’s vision of creating a digital ecosystem that specifically addresses consumer needs across various categories. This is the second major investment of the company in an Indian startup. Recently they announced a $75 million investment in fitness startup Curefit and the current deal is a...
Franklin Templeton AMC slapped with a fine of 5 crore; Banned from launching new debt mutual funds The SEBI has banned Franklin Templeton AMC from launching debt schemes for the next two years. Rs 5 crore penalty has been levied for “several irregularities” in the running of its six debt schemes that were wound up in April 2020. The irregularities extend to failures to exercise adequate...
20% salary of mutual fund managers to come by way of scheme units: SEBI A minimum of 20% of a fund manager’s salary shall be paid in the form of units of mutual fund schemes that they manage. Aside from fund managers, all other “key employees” of the fund house will also be covered, such as the chief executive officer, chief investment officer, and other employees that the fund house...
1. The government is planning to spend Rs 700 crore on setting up 2,500 farmer producer organizations (FPOs) in 2021-22. This will help the government reach out to 60,000 farmers and provide them with a better farming ecosystem. A group of small and marginal farmers as FPOs will have better bargaining power and financial strength to cultivate high-value crops said, officials. This is part...
SEBI takes steps to protect the interest of investors, to promote the development and to regulate the securities market. Keeping this objective in mind, SEBI issued a circular revamping the asset allocation for Multicap funds. As per the new guidelines, multicap funds would have to invest atleast 75% of the total assets in equity investments. SEBI also mentioned minimum limits of sub...