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
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4 Biggest Myths of Indian Stock Market These are 4 Common Indian Stock Market Myths you should definitely know about. Myth #1 -There is absolutely no doubt that Warren Buffet is one of the best investors the world has ever seen but there is a common myth that he buys stocks and holds it forever as he himself once said that his favorite holding period is forever. As per Research done by John Hughes (Prof at University of California) of his holdings from 1980-2006 (Twenty six years) he found that the average holding period for Warren Buffet was only 1 year, with approximately ONLY 20% of stocks held for more than two years. About approximately 30% of stocks were sold within six months of purchase. A lot of Investors know that Warren Buffett owns Shares of Coca-Cola but only a few Investors know that the Stock price of Coke was 43$ in 1998 and the Stock price is Same at 43$ today. (20 years later). Conclusion of Myth #1- Warren Buffet only holds 20% of Stocks for more than 2 ye...
Raising hopes for easing curbs on gold imports, India's current account deficit (CAD) for third quarter (December 2013) dipped sharply to 0.9 per cent for gross domestic product ($ 4.2 billion) from 6.5 per cent of GDP ($ 31.9 billion) in Q3 ended December 2012 on pick up in exports and moderation in imports especially of yellow metal.
CAD was even lower than 1.2 per cent (5.2 billion) for the second quarter Q2 ended September 2013.
In tandem with distinct improvement on current account front, the balance of payments moved into positive territory. There was accretion of $ 19.1 billion to foreign exchange reserves in Q3 of 2013-14 as against meager accretion of $ 0.8 billion in Q3 of 2012-13. In July-September 2013, there was a drawdown of $ 10.4 billion.
For nine month period ended December 2013, the CAD was within Reserve Bank of India's comfort level of 2.5 per cent. For April-December 2013, the CAD was 2.3 per cent (31.1 billion) as against 5.2 per cent ($ 69.8 bill...
SBI Mutual files papers for retirement benefit fund
This would be the third scheme after UTI Retirement Benefit Pension Fund and Franklin Templeton Pension Fund launching pension schemes.
In fact, the two schemes were launched in 1994 and 1997, respectively. According to Value Research, the former gave out a return of 23.52 per cent for one-year period and the latter 21.97 per cent.
The SBI scheme plans to apply to the Central Board of Direct Taxes for approval as a notified pension fund to obtain tax benefits under Section 80 (C) of the Income Tax Act. All investors under this scheme will be covered by a group life insurance policy.
Allocation of funds
This scheme will invest in multiple asset classes — equities, gold, foreign securities, real estate investment trusts (REITs), debt and money market securities and has been colour coded yellow — meaning medium risk to the principal amount invested.
This follows SEBI's long-term policy for mutual funds in India ...
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