Bharat-22 ETF FFO Currently oversubscribed 1.47x;

-

Govt Official To CNBC-TV18 | Bharat-22 ETF FFO Currently oversubscribed 1.47x; Govt to raise Rs 8,400 cr from Bharat-22 ETF FFO, with greenshoe option of Rs 2,400 cr

Comments

Post a Comment

You are requested to mentioned your full name with email id while commenting.




I would like to request you to join our following services.
It is the smartest way to stay on top of latest Mutual fund, Bonds & IPO News .

 Product Updates on whatsapp


 Product Updates on Email 

                                                   
 Product Updates on Telegram



You will get daily news updates for FREE. 
I also request you to spread the world by referring us to the smartest people you know.  

To share it with your friends, 
just Copy below message it & paste in your group

Subscribe to Our WhatsApp, Email & Telegram Update Service ! https://bit.ly/3ryhxBM
     

Popular Posts

Mutual fund scheme mergers won’t put extra tax burden on investors

-
Image
Capital gains on sale of units due to merger of schemes As consolidation of schemes takes place, there is good news for investors. "Merger or consolidation of schemes in order to re-categorise existing schemes as per Sebi orders would not attract any capital gains tax, either short-term or long-term, in the hands of the investor.  The government had already amended section 47 of the Income Tax Act to exempt the capital gains arising from the merger or consolidation of mutual fund schemes. with effect from April 1, 2016.. What this means is that when a scheme is merged, you will not be taxed on the long and short term gains you will make whenever you will sell the units.
Read more

Mutual funds profits up 6% y-o-y in FY13, but half of fund houses in red

-
The aggregate net profit for the mutual fund industry for FY13 grew nearly 6% over the previous year even as nearly half the number of fund houses in the MF universe posted losses. Aggregate net profit for all fund houses (excluding Franklin Templeton MF and PPFAS MF) for FY13 grew 5.7% over the year-ago fiscal, data collated from Outlook Asia Capital show. However, the industry clocked a robust 22% growth in assets under management (AUM) — to R8.16 lakh crore — at the end of FY13 from R6.64 lakh crore in FY12. "Assets have grown on the fixed-income side, which tend to make lesser money than equity assets. So, profits have grown at a smaller pace than asset growth," said Vicky Mehta, senior investment consultant, Morningstar India. Overall, 22 fund houses posted losses, the same number as FY12. An analysis of 15 of the bottom-ranked AMCs in terms of the assets they manage shows that their consolidated net losses widened to R161 crore in FY13 from R144 crore in FY1...
Read more

RBI to buy up to Rs 100 billion of bonds via OMOs on January 22 - The Economic Times

-
MUMBAI: The RBI said it would buy up to Rs 100 billion ($1.62 billion) of bonds via open market operations on January 22. The Reserve Bank of India said it would buy 8.07 per cent 2017 bonds, 7.28 per cent 2019 bonds, 7.16 per cent 2023 bonds and 8.28 per cent 2027 bonds. Thanking you Regards, Rajesh Kumar Kathpalia ¤ SMC Global 17,Netaji Subhash Marg,Daryaganj, New Delhi-110002 Mobile No 9891645052 Email Id: rajesh.ipo@smcindiaonline.com -- You received this message because you are subscribed to the Google Groups "Product Updates for AMC" group. To unsubscribe from this group and stop receiving emails from it, send an email to Productupdatesforamc+unsubscribe@googlegroups.com . For more options, visit https://groups.google.com/groups/opt_out .
Read more