1. International

  2. News
  3. News

Mutual Fund Newsletter - June 14 to June 20, 2013

India Infoline News Service | Mumbai |

SEBI has notified new norms to govern issuance and listing of non-convertible preference shares.

Top Stories

Re hits record low of 59.92/$; IIFL sees 65/$ in 1-yr

Rupee has hit an all-time low of 59.9275 against a dollar post statements from the Federal Reserve. The rupee has plunged 1.6% in the start of trade. Read more...

Bond trading halted as 10-year yield rises to 7.36%

FIIs redeem $4.6bn from debt in 1 month

Foreign institutional investors (FIIs) have offloaded over $4.6bn between May 22 and June 18, according to SEBI data.

Till May 22, total net FII inflow into the debt segment for 2013 was $5.6bn, which declined to $980mn on June 18. So, the total net FII outflow from the debt segment in less than a month was about $4.6bn. Read more...

AMFI asks bank executives, MF agents to quote employee ID no

Association of Mutual Funds in India (AMFI) has mandated all executives of banks and distribution firms to provide an Employees' Unique Identification Number (EUIN) while selling mutual fund schemes. Read more...

AMFI extends fee waiver for new distributors till Sept

Domestic News

SEBI releases norms for listing of preference shares

Market regulator Securities and Exchange Board of India (SEBI) has notified new norms to govern issuance and listing of non-convertible preference shares.

The objective is to bring more transparency in raising funds through such securities and to safeguard the interest of small investors from such high-risk securities. Read more...

Karvy targets Rs. 1bn with maiden hedge fund

Hyderabad-based Karvy Group has launched its first hedge fund, and aims to collect Rs. 1bn from a mix of high net worth individuals and institutions. Read more...

Polaris to develop MF utility platform for AMFI

Polaris Financial Technology Ltd on Monday announced that Association of Mutual Funds in India (AMFI) has entrusted Polaris with implementing MF (mutual fund) Utility, a Centralised Mutual Fund distribution platform, in India. Read more...

IDFC MF sells 80,000 shares of ABG Infralogistics

International News

Investors stay away from emerging markets on China fears

Investors are returning to Europe as they retreat from emerging market and Japanese equities, according to the BofA Merrill Lynch Fund Manager Survey for June. Read more...

Leader Speak

Falling rupee! What's so surprising?

If you look at the rupee, between 1992 to 2002 the Indian currency has broadly depreciated by 6%. The golden years were from January 2002 to January 2008 when the rupee actually appreciated. Post that, again the Rupee has depreciated. R Venkataraman, MD, India Infoline Group, says. Read more...

Learning

Want to trade commodities, here’s how

A right mix of commodities and equity in your portfolio can help you benefit from attractive returns, while reducing the risk component. Read more...

New appointments

ING Mutual Fund announces change

Tata MF announces change in key personnel

Tata MF assigns yellow colour code to Dual Advantage Fund

Tata Mutual Fund said it has become the first fund house to label its mutual fund schemes using colour code box to indicate the risk involved while investing, according to a media report. Read more...

IIFCL Mutual Fund launches infrastructure debt fund
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.