L&T Mutual Fund has announced 04 August 2014 as the record date for declaration of dividend under the dividend (payout) option of L&T FMP-VIII-Plan D – Direct & Non Direct Plan. The quantum of dividend will be entire distributable surplus as on the record date on the face value of Rs 10 per unit.
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Thursday, July 31, 2014
L&T FMP – Series VIII – Plan D Announces Dividend
L&T Mutual Fund has announced 04 August 2014 as the record date for declaration of dividend under the dividend (payout) option of L&T FMP-VIII-Plan D – Direct & Non Direct Plan. The quantum of dividend will be entire distributable surplus as on the record date on the face value of Rs 10 per unit.
L&T MF Announces Rollover of L&T FMP – Series VIII – Plan D
The features of the proposed rollover are as follows:
Tenure of the scheme: 1153 days
Period of rollover: 785 days.
Date of Maturity for rollover: 28 September 2016.
Asset allocation post rollover:
The scheme would invest 80%-100% of assets in debt instruments and upto 20% of assets in money market instruments with medium to high risk profile.
ICICI Prudential Fixed Maturity Plan – Series 68 – 369 Days Plan K Announces Dividend
ICICI Prudential Mutual Fund has announced 04 August 2014 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option in regular plan & direct plan of ICICI Prudential Fixed Maturity Plan – Series 68 – 369 Days Plan K. The amount of dividend will be entire distributable surplus as on the record date under each plan.
Reliance Fixed Horizon Fund – XXIV –Series 3 Announces Dividend
Reliance Mutual Fund has announced 04 August 2014 as the record date for declaration of dividend on the face value of Rs 10 per unit under the direct plan-dividend payout option and dividend payout option of Reliance Fixed Horizon Fund - XXIV - Series 3. The amount of dividend will be entire distributable surplus available in the scheme as on the record date.
Kotak FMP Series 105 Announces Dividend
Kotak Mutual Fund has announced 04 August 2014 as the record date for declaration of dividend under the dividend option of Kotak FMP Series 105. The quantum of dividend will be the entire appreciation in Net Asset Value (NAV) of dividend option until 04 August 2014 on the face value of Rs 10 per unit.
Sundaram Value Fund Series-I-III files offer document with Sebi
Sundaram Mutual Fund has filed offer document with Sebi to launch Sundaram Value Fund Series-I-III, a close ended equity scheme. The New Fund Offer price is Rs 10 per unit. The Mutual Fund proposes to offer 3 Plans Sundaram Value Fund-Series-I-III (comprising series I, II & III) of tenure of 3 to 5 years.
Investment objective: To provide capital appreciation by investing in a well diversified portfolio of stocks through fundamental analysis.
Options/plans: Growth and dividend (payout) options under both regular plan and direct plan.
Benchmark: S&P BSE 500 Index
Loads: Nil
Minimum Application Amount: Rs.5,000 and in multiples of Rs 10 thereafter.
Minimum Target Amount: Rs 10 crore under each series
Asset Allocation: The scheme shall invest 80-100% in equity and equity related securities and up to 20% in fixed income and money market securities.
*Investment made in money market instruments shall have residual maturity of upto 91 days. The scheme will not invest in ADR/GDR/foreign securities/ derivatives/securitised debt.
Fund Managers: J Venkatesan & Dwijendra Srivastava
SBI–ETF Nifty Jr. files offer document with Sebi
SBI Mutual Fund has filed offer document with Sebi to launch SBI–ETF Nifty Jr., an open-ended Exchange Traded Scheme. The New Fund Offer price is Rs 10 per unit. The Scheme shall be eligible under Section 80CCG of the Income tax Act on ‘Deduction in respect of investment made under an equity savings scheme' to give tax benefits to new investors who invest up to Rs. 50,000 and whose gross total annual income is less than or equal to Rs. 12 lakhs (w.e.f from 01 April 2014 the income ceiling was raised from Rs. 10 lacs to Rs. 12 Lakhs).
Investment objective: The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index.
Benchmark: CNX Nifty Junior Index
Loads: Nil
Minimum Application Amount: Rs.5,000 and in multiples of Re 1 thereof.
Minimum Target Amount: Rs 10 crore
Asset Allocation: The scheme shall invest 90-100% in securities covered by the underlying Index and up to 10% in money market instrument including CBLO and units of liquid mutual funds.
Fund Manager: Raviprakash Sharma
IDFC Interval Fund - Series 4 Announces Dividend
IDFC Mutual Fund has announced 04 August 2014 as the record date for declaration of dividend under regular plan- dividend option and direct plan- dividend option of IDFC Interval Fund -Series 4.
The quantum of dividend (Rs per unit) will be entire distributable surplus as on record date on the face value of Rs 10 per unit.
IDFC Fixed Term Plan – Series 24 Announces Dividend
IDFC Mutual Fund has announced 04 August 2014 as the record date for declaration of dividend under regular plan-periodic dividend payout option, regular plan-quarterly dividend payout option, regular plan-half yearly dividend payout option and direct plan-periodic dividend payout option of IDFC Fixed Term Plan – Series 24.
The quantum of dividend (Rs per unit) will be entire distributable surplus as on record date on the face value of Rs 10 per unit.
ICICI Prudential Interval Fund Series VIII files offer document with Sebi
Investment objective: The investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities maturing on or before the opening of the immediately following Specified Transaction Period (STP).
Options/plans: Cumulative, bonus and dividend (payout) options under both regular plan and direct plan.
Benchmark:
For Plans wherein the intervening period is from 1 month to 3 months: CRISIL Liquid Fund Index
For Plans wherein the intervening period is more than 3 months and upto 36 months: CRISIL Short Term Bond Fund Index
For Plans wherein the intervening period is more than 36 months and upto 60 months: CRISIL Composite Bond Fund Index
Loads: Nil
Minimum Application Amount: Rs. 5,000 and in multiples of Rs 10 thereafter.
Minimum Target Amount: Rs. 20 crore
Asset Allocation:
For Plans wherein the intervening period between two STPs is from 1 month and upto 13 months: The scheme shall invest 60-100% in money market instruments and up to 40% in Government Securities issued by Central & / or State Govt. and other fixed income / debt securities* including but not limited to corporate debt and securitised debt.
For Plans wherein the intervening period between two STPs is more than 13 months and upto 36 months: The scheme shall invest up to 30% in money market instruments and up to 70-100% in Government Securities issued by Central & / or State Govt. and other fixed income / debt securities* including but not limited to corporate debt and securitised debt.
For Plans wherein the intervening period between two STPs is more than 36 months and upto 60 months: The scheme shall invest up to 20% in money market instruments and up to 80-100% in Government Securities issued by Central & / or State Govt. and other fixed income / debt securities* including but not limited to corporate debt and securitised debt.
*Debt securities may include securitised debt, which may go upto 25% of the corpus of the Plan. The Plans under the scheme will not have any exposure to derivatives. The scheme will hold securities which mature on or before the opening of the immediately following specified transaction period.
Fund Manager: Aditya Pagaria
ICICI Prudential Capital Protection Oriented Fund – Series VII files offer document with Sebi
Investment objective: The investment objective of the plans under the scheme is to seek to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The debt securities would mature on or before the maturity of the plans under the scheme.
Options/plans: Cumulative and dividend (payout) options under both regular plan and direct plan.
Benchmark: The performance of the plans viz. Plans A to H under the scheme will be benchmarked against CRISIL MIP Blended Index.
Loads: Nil
Minimum Application Amount: Rs. 5,000 and in multiples of Rs 10 thereafter.
Minimum Target Amount: Rs. 20 crore
Asset Allocation:
Tenure of plan- 12 months: The scheme shall invest 91-100% in debt securities and money market instruments and up to 9% in equity & equity related securities.
Tenure of plan- 24 months: The scheme shall invest 85-100% in debt securities and money market instruments and up to 15% in equity & equity related securities.
Tenure of plan- 36 months: The scheme shall invest 75-100% in debt securities and money market instruments and up to 25% in equity & equity related securities.
Tenure of plan- 48 months: The scheme shall invest 70-100% in debt securities and money market instruments and up to 30% in equity & equity related securities.
Tenure of plan- 60 months: The scheme shall invest 65-100% in debt securities and money market instruments and up to 35% in equity & equity related securities.
Fund Managers: Vinay Sharma (equity portion), Rahul Goswami (Debt portion jointly with Aditya Pagaria) and Ashwin Jain (For investments in ADR/GDR and other foreign securities)
UTI Fixed Income Interval Fund - Monthly Interval Plan II Announces Dividend
UTI Mutual Fund has announced 05 August 2014 as the record date for declaration of dividend under dividend sub option of UTI Fixed Income Interval Fund – Monthly Interval Plan II. The rate of dividend (Rs per unit) will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit.
Birla Sun Life Interval Income Fund –Annual Plan IX Announces Dividend
Birla Sun Life Mutual Fund has announced 05 August 2014 as the record date for declaration of dividend on the face value of Rs 10 per unit under regular plan-normal dividend option, direct plan-normal dividend option, regular plan-quarterly dividend option and direct plan – quarterly dividend option of Birla Sun Life Interval Income Fund –Annual Plan IX.
The quantum of dividend will be entire distributable surplus as available on the record date.
Birla Sun Life Emerging Leaders Fund – Series 4 Extends NFO Closing Date
Birla Sun Life Mutual Fund has announced the extension of the closing date for the New Fund Offer (NFO) of Birla Sun Life Emerging Leaders Fund – Series 4 by one day.
Accordingly, the NFO of Birla Sun Life Emerging Leaders Fund – Series 4 has extended to 01 August 2014.
SBI MF Announces Rollover of SBI Debt Fund Series -366 Days – 34
The features of the proposed rollover are as follows:
Period of rollover: 735 Days
Date of Maturity for rollover: 04 August 2016.
LIC Nomura MF Interval Fund Series 1-Quarterly Announces Dividend
LIC Nomura Mutual Fund has announced 05 August 2014 as the record date for declaration of dividend under dividend option and direct-dividend option of LIC Nomura MF Interval Fund Series 1-Quarterly. The quantum of dividend will be the entire distributable surplus as on record date on the face value of Rs 10 per unit.
Kotak MF Announces Dividend Under Kotak FMP Series 99 & Series 106
Kotak Mutual Fund has announced 05 August 2014 as the record date for declaration of dividend under the dividend option of Kotak FMP Series 99 and Kotak FMP Series 106. The quantum of dividend will be the entire appreciation in Net Asset Value (NAV) of dividend option until 05 August 2014 on the face value of Rs 10 per unit.
Kotak QIP Series 6 Announces Dividend
Kotak Mutual Fund has announced 05 August 2014 as the record date for declaration of dividend under the dividend option of Kotak Quarterly Interval Plan Series 6 (Kotak QIP Series 6). The quantum of dividend will be the entire appreciation in Net Asset Value (NAV) of dividend option until 05 August 2014 on the face value of Rs 10 per unit.
IDFC MF Announces Change In Fund Management Responsibilities
IDFC Mutual Fund has announced that Harshal Joshi, Senior Manager – Fund Management shall be the fund manager for IDFC Banking Debt Fund in place of Anupam Joshi, with effect from 01 August 2014. He is aged 29 years and holds PGDBM as his educational qualification.
Tata Balanced Fund Announces Dividend
Tata Mutual Fund has announced 05 August 2014 as the record date for declaration of dividend under the monthly dividend option under Plan A and Direct plan of Tata Balanced Fund. The amount of dividend will be Rs 0.30 per unit under each plan on the face value of Rs 10 per unit.
SBI Debt Fund Series A - 39 (1100 Days) Floats On
SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series A – 39, a close ended debt scheme. The tenure of the scheme is 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 07 August and close on 13 August 2014.
The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.
The scheme offers regular and direct plan. Both the plans will have growth and dividend option.
The scheme will invest 60%-100% of assets in debt and invest upto 40% of assets in money market securities with low to medium risk profile. Exposure to domestic securitized debt may be to the extent of 40% of the net assets.
The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
Entry and exit load charge will be nil for the scheme.
The units of the scheme will be listed on NSE in order to provide liquidity.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.
The scheme will be managed by Rajeev Radhakrishnan.
DSP BlackRock MF Announces Rollover of DSP BlackRock FMP Series 105 - 12M
DSP BlackRock Mutual Fund has announced the Rollover of DSP BlackRock FMP Series 105 - 12M, a close ended income scheme.
The Board of Directors of DSP BlackRock Trustee Company, Trustees to the Scheme has decided to roll over the Scheme (extend the maturity) in accordance with Regulation 33 (4) of SEBI (Mutual Funds) Regulations, 1996. Pursuant to roll over, the Scheme shall mature on 04 August 2016.
Pramerica Fixed Duration Fund-Series 6 Announces Dividend
Pramerica Mutual Fund has announced 05 August 2014 as the record date for declaration of dividend under the regular plan-dividend option of Pramerica Fixed Duration Fund-Series 6.
The gross dividend (Rs per unit) will be entire distributable surplus as on the record date on the face value of Rs 1000 per unit.
Mutual funds extend buying
Mutual funds bought shares worth a net Rs 890.20 crore on Wednesday, 30 July 2014, higher than net inflow of Rs 293.10 crore on Monday, 28 July 2014. The stock market was closed on Tuesday, 29 July 2014, on account of Ramzan Id.
The net inflow of Rs 890.20 crore on 30 July 2014 was a result of gross purchases of Rs 2033.20 crore and gross sales of Rs 1143 crore. The S&P BSE Sensex garnered 96.19 points or 0.37% to settle at 26,087.42 on that day, its highest closing level since 25 July 2014.
Mutual funds have bought shares worth a net Rs 3609.70 crore in this month so far (till 30 July 2014). Mutual funds bought shares worth a net Rs 3339.60 crore last month.
ICICI Prudential Mutual Fund Announces Rollover of ICICI Prudential Fixed Maturity Plan – Series 69 – 366 Days Plan A
ICICI Prudential Mutual Fund has announced rollover of ICICI Prudential Fixed Maturity Plan – Series 69 – 366 Days Plan A.
The features of the proposed rollover are as follows:
Asset Allocation:
The scheme will invest 50%-100% of assets in debt instrument including securitized debt and and invest upto 50% of assets in money market instruments.
The scheme will have 100% of exposure in AA rated Non Convertible Debentures.
Maturity Provision: The tenure of the scheme will be 747 days and will mature on 23 August 2016.
Fund Manager: Rahul Goswami & Rohan Maru.
ICICI Prudential Mutual Fund Announces Rollover of ICICI Prudential Fixed Maturity Plan – Series 68 – 369 Days Plan K
The features of the proposed rollover are as follows: Asset Allocation:
The scheme will invest 50%-100% of assets in debt instrument including securitized debt and and invest upto 50% of assets in money market instruments.
The scheme will have 100% of exposure in AA rated Non Convertible Debentures.
Maturity Provision: The tenure of the scheme will be 750 days and will mature on 23 August 2016.
Fund Manager: Rahul Goswami & Rohan Maru.
Mirae Asset Mutual Fund Announces Change In Fund Managers
Mirae Asset Mutual Fund has announced the following change in the fund managers of the equity schemes, with effect from 01 August 2014.
Accordingly, Sumit Agarwal shall cease to be the Fund Manager (Overseas Investments) for Mirae Asset Global Commodity Stocks Fund, Mirae Asset China Advantage Fund and Mirae Asset China Consumption Fund.
Gopal Agarwal shall cease to be the Co-Fund Manager (Overseas Investments) for Mirae Asset India Opportunities Fund and Mirae Asset China Consumption Fund. However, he shall continue to be the Co-Fund Manager for Mirae Asset Global Commodity Stocks Fund and continues to be Chief Investment Officer (CIO) of the AMC.
Further, Sumit Agarwal has been appointed as the Co-Fund Manager for Mirae Asset India Opportunities Fund and Mirae Asset India China Consumption Fund (Domestic Portion).
Bharti Sawant, Research Analyst has been appointed as the Associate Fund Manager and has also been designated as the key personnel of the AMC. Accordingly, Sawant shall be the fund manager for Mirae Asset China Advantage Fund and associate fund manager for Mirae Asset Global Commodity Stocks Fund and Mirae Asset China Consumption Fund (dedicated fund manager for Overseas Investments). She is aged 27 years and holds M.S. Finance (ICFAI, Hyderabad), CFA, B.Com as her educational qualification.
The fund managers of the schemes as below:
Mirae Asset India Opportunities Fund - Neelesh Sharma and Sumit Agarwal.
Mirae Asset Global Commodity Stocks Fund - Gopal Agarwal (Domestic portion) and Bharti Sawant (Overseas portion).
Mirae Asset China Advantage Fund - Bharti Sawant.
Mirae Asset China Consumption Fund - Neelesh Surana & Sumit Agarwal (Domestic portion) and Bharti Sawant (Overseas portion).
ICICI Prudential MF Announces Dividend Under Its Schemes
ICICI Prudential Mutual Fund has announced 05 August 2014 as the record date for declaration of dividend under the following schemes. The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be:
ICICI Prudential Fixed Maturity Plan – Series 63 – 3 Years Plan L - Dividend: 0.05
ICICI Prudential Fixed Maturity Plan – Series 63 – 3 Years Plan K - Dividend: 0.05
ICICI Prudential Multiple Yield Fund - Series 2 - Plan D - Dividend: 0.05
ICICI Prudential Multiple Yield Fund - Series 5 - 1100 Days - Plan D:
Direct Plan – Dividend: 0.62
Regular Plan – Dividend: 0.53
ICICI Prudential Fixed Maturity Plan – Series 72 – 1092 Days Plan F:
Direct Plan – Dividend: 0.44
Regular Plan – Dividend: 0.40
ICICI Prudential Fixed Maturity Plan – Series 72 – 823 Days Plan H:
Direct Plan – Dividend: 0.48
Regular Plan – Dividend: 0.45
SBI MF Announces Rollover of SBI Debt Fund Series -366 Days – 36
The features of the proposed rollover are as follows:
Period of rollover: 735 Days.
Date of Maturity for rollover: 16 August 2016.
UTI MF Announces Rollover of UTI Fixed Term Income Fund - Series XV - VIII (368 Days)
The features of the proposed rollover are as follows:
Period of rollover: 741 Days.
Date of Maturity for rollover: 09 August 2016.
Maharashtra tops in fiscal management amid high-income states: Study
“These three states amid high-income states have taken a massive leap forward from an annual PCI trend growth rate of 2.9 per cent, 2.8 per cent and 3.7 per cent during decade of 1993-2004 to 8.2 per cent, 7.2 per cent and 6.9 per cent,” highlighted a study conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
With annual PCI trend growth rate of six per cent and 4.8 per cent respectively, the states of Kerala and Punjab have also remained ahead in this aspect, noted the study prepared by The ASSOCHAM Economic Research Bureau (AERB).
In case of low income states, Bihar has remained on top with an annual PCI trend growth rate which had increased from 1.1 per cent during 1980-93 and 1.7 per cent during 1993-2004 to 7.2 per cent during 2004-13.
With a median value of 12.02 per cent of nominal gross domestic product (GDP) between FY 2006 and FY 2012, Gujarat has emerged as a leader amid high income states, while national median value of nominal GDP remained at 8.37 per cent, further highlighted the ASSOCHAM study.
Amid other high income states, Tamil Nadu has ranked second with a median value of 11.74 per cent followed by Maharashtra (10.78 per cent), Andhra Pradesh (10.10 per cent) and Haryana (9.2 per cent).
However, Maharashtra has ranked on top in terms of states' own tax revenue, share in Central taxes, states' own non-tax revenue and grants from the Centre, while Gujarat is ranked second in this behalf, noted the ASSOCHAM study.
Maharashtra is leading state in terms of fiscal management amid high income states as it has witnessed a significant surge in states own tax revenue which has increased from over Rs 87,600 crore in FY 2011-12 to over Rs 1 lakh crore in FY 2013-14 thereby clocking a growth rate of over 22 per cent.
Similarly, Maharashtra's share in central taxes has increased at a growth rate of about 36 per cent thereby increasing from over Rs 13,300 crore to over Rs 18,100 crore during the aforesaid period.
Besides, in terms of states own non-tax revenue has increased from over Rs 8,100 crore to over Rs 11,900 crore at about 47 per cent growth rate and grants from the Centre too have increased at about 53 per cent from over Rs 12,100 crore to over Rs 18,600 crore.
While, clocking a growth rate of over 36 per cent, Gujarat's own tax revenue grew from over Rs 44,250 crore to over Rs 60,200 crore during FY 2011-12 and FY 2013-14 while the state's share in Central taxes grew at over five per cent from over Rs 7,700 crore to about Rs 8,200 crore.
Besides, growing at about 21 per cent and about 55 per cent, Gujarat's own non-tax revenue and grants from the Centre have respectively grown from over Rs 5,200 crore to over Rs 6,300 crore and from over Rs 5,800 crore to over Rs 9,000 crore, added the ASSOCHAM study.
While amid low income states, Bihar has ranked on top with states own tax and non-tax revenues clocking a growth rate of over 66 per cent and about 284 per cent i.e. from over Rs 12,600 crore to over Rs 20,900 crore and from about Rs 890 crore to over Rs 3,400 crore respectively during 2011-12 and 2013-14.
“The wide introduction of value added tax (VAT) at state-level has significantly raised states' revenue from their own taxes despite many glitches at an early stage and they are now converging towards growth rate of high income states,” said Mr D.S. Rawat, national secretary general of ASSOCHAM while releasing the chamber's study.
The emerging picture of growth of states shows that while the high-income states in the country continue to grow, the low-income states are also catching up with them, noted the ASSOCHAM study. “This augurs well for immediate future as India's growth story pumped up by young middle class aspirations and political leadership that has to respond to it in democratic set up, enters a further phase of take off.”
ASSOCHAM has been strongly supporting implementation of both the Direct Taxes Code (DTC) and a single Goods and Services Tax (GST) feels that these two measures would act as an adrenaline to entire economy by boosting the total pie available for sharing between the Centre and the states.
“The new government must create an environment where states are co-operating with it to implement a single national DTC and GST to replace the different and divergent state level taxes.”
In its study, ASSOCHAM has also suggested that states must undertake to raise resources locally especially through non-tax route and rationalize revenue expenditures to generate more revenue surpluses.
Besides, in order to improve Centre-State relations, the governments must enter into a compact setting forth certain well defined objectives.
A consensus must also be developed between Centre and States on administrative expenditures as periodic revision of emoluments to Central employees creates similar pressures on state governments too for equitable payments to their staff.
The ASSOCHAM study has also recommended that each year the Centre should present to the Parliament every year a financial statement on finances of states analyzing their achievements, challenges and failures. “This could act as an incentive to states to perform better in meeting local resources and disincentive to wasteful sops being handed out.”
Ind-Ra: Weak Start to AT1 Issuance by Banks
Investors have been concerned about any loss that this instrument may impose, particularly after the significant underperformance by a few government banks immediately after Basel III Tier II bonds were issued last year. The 11% coupon that newswires reported BOI paying for its AT1 bonds last week reflects this uncertainty; the coupon was about 175bp higher than ‘AAA' yields, implying a rating in the range of ‘A-'/‘BBB+'. The bank may have weighed this against the cost of equity estimated at around 15% for Indian banks, as also its somewhat weaker capitalisation compared with peers' (BOI's Basel III Tier 1 ratio of 7.24% at end-March 2014 was lower than the median 7.79% of government banks).
The underlying risk of these instruments must be more clearly explained to investors. Global market trends suggest that a pricing pattern for these bonds is still evolving. Investors seem to have ignored the ‘AAA' rating assigned by an agency to BOI's AT1 bonds, resulting in a distorted yield curve which works against the premise of an efficient bond market. This is a setback to the development of the local market.
It is, therefore, critical that a credible, transparent and matured rating benchmark be used for this instrument, which can then be factored in by investors while chalking out their investment guidelines. Till then, issuers may end up paying a premium for the uncertainty. For example, the pricing of the BOI paper may have been higher than what the underlying risk of the bank warranted.
While rating Tier 1 debt capital, Ind-Ra first evaluates the standalone credit profile of banks. The appropriate number of notches for these instruments is then decided depending on the loss absorption features of these instruments, the likelihood of these being triggered depending on the bank's credit profile (the non-performance risk) and the loss to investors in the event of non-performance (the loss severity).
Petroleum Minister calls upon the OMCs to pool their resources, technologies, experiences and best practices to be better prepared for the challenges
The Minister said that import bill and subsidy burden are the two main challenges before the Government, and reforms as well as pro-poor policies will go hand in hand. Shri Pradhan said India is a big market, and foreign investors are willing to invest here. He said that policy reforms may come, and the PSUs should shed their monopolistic thinking. The OMCs should be ready for the challenge, by harnessing their resources, improving the efficiency and exploring the areas of improvement. He further said that there is need to work on the issues of reliability, trust, transparency, and also take into account the norms and aspirations of the society. The Minister said that refining margins of OMCs should be improved, and all the OMCs should put their heads together to generate ideas.
Grant of Infrastructure Status to Hotel Industry
(i) Three-star or higher category classified hotels located outside cities with population of more than 1 million.
(ii) Hotels with project cost of more than Rs. 200 crores each in any place in India and of any star rating. This is applicable with prospective effect from the date of notification (i.e. 7th October, 2013) and is available for eligible prospects for three years from the date of notification. Further, eligible costs exclude cost of land and lease charges, but include interest during construction.
The categories included in the Harmonised List of Infrastructure Sub-sectors guide all the agencies responsible for supporting infrastructure in various ways, which imply inter-alia easier access to long term funding as well as lower interest rates.
Rs. 73,392 crore will be an Estimated Completion Cost of Railways' Two Dedicated Freight Corridors, Excluding Sonnagar-Dankuni Section
The estimated completion cost of construction of the two Corridors, excluding land, and excluding Sonnagar-Dankuni section, which is to be implemented through Public Private Partnership (PPP), is Rs. 73,392 crore (Eastern DFC Rs. 26,674 crore and Western DFC: Rs. 46,718 crore). The cost of land is estimated at Rs. 8067 crore (Eastern DFC Rs. 3684 crore and Western DFC-Rs. 4383 crore.)
Western DFC is being funded by loan from Japan International Cooperation Agency (JICA) funding is Rs. 38,772 crore, which is 77% of project cost.
World Bank is funding the 1,183 kms. Section from Ludhiana to Mughalsarai of the Eastern DFC. World Bank loan is Rs,13,625 crore which is 66% of the project cost. 122 kms Section of Mughalsarai-Sonnagar Section of Eastern DFC is funded by Gross Budgetary Support and the cost is Rs. 3679 crore. 534kms of Sonnagar-Dankuni Section of Eastern DFC is to be implemented through PPP.
The balance excluding debt is funded through Budgetary Support from the Government. Land for DFC Projects is being acquired under Railway Amendment Act (RAA) 2008. Out of 10,667 hectare of land to be acquired for the project, Award under 20F of RAA 2008 has been declared upto June 2014 is 9641 hectare of land (Western DFC: 5600 hectare and Eastern DFC: 4041 hectare).
Western DFC is targeted to be commissioned in 2018 and Eastern DFC is 2019, excluding Sonnagar-Dankuni Section.
Project implementation schedule, timelines and milestones have been drawn up and are being monitored on regular basis. For better coordination, state level coordination committees with respective State Governments have been formed to avoid delay in land acquisition and other related issues.
Rs. 6235 crore Earmarked for Restoration of 10,000 Water Bodies
The central assistance is provided in the form of grant which is 90% of the project cost in special category states (NE states, Himachal Pradesh, J&K, Uttarakhand and undivided KBK districts of Odisha) as well as projects lying in drought prone, tribal, and desert prone areas as well as left wing extremism affected areas and 25% of the project cost in the case of non-special category states/areas.
The Empowered Committee of Ministry of Water Resources, River Development and Ganga Rejuvenation in its first meeting held on June 24, 2014 has agreed to include 8 water bodies in Bundelkhand region of Uttar Pradesh for inclusion under the scheme of RRR of water bodies during 2014-15.
Eight core infrastructure sector's output rises 7.3% in June 2014
Coal production (weight: 4.38%) increased by 8.1% in June 2014 over June 2013. Its cumulative index during April- June 2014-15 increased by 5.6% over corresponding period of previous year.
Crude Oil production (weight: 5.22%) increased by 0.1% in June 2014 over June, 2013.The cumulative index of Crude Oil during April to June 2014-15 declined by 0.1% over the corresponding period of previous year.
The Natural Gas production (weight: 1.71%) declined by 1.7% in June 2014 over June 2013. Its cumulative index during April to June, 2014-15 declined by 3.9% over the corresponding period of previous year.
Petroleum refinery production (weight: 5.94%) increased by 1.2% in June 2014 over June 2013. Its cumulative index during April to June 2014-15 declined by 1.1% over the corresponding period of previous year.
Fertilizer production (weight: 1.25%) declined by 1.0% in June 2014 over June 2013. It registered a cumulative growth of 8.6% during April to June 2014-15 over the corresponding period of previous year.
Steel production (weight: 6.68%) increased by 4.2% in June 2014 over June 2013. While, its cumulative index during April to June 2014-15 increased by 1.6% over the corresponding period of previous year.
Cement production (weight: 2.41%) increased by 13.6% in June 2014 over June 2013. Its cumulative growth during April to June 2014-15 was 9.5% over the corresponding period of previous year.
Electricity generation (weight: 10.32%) increased by 15.7% in June 2014 over the period of June 2013 and it registered a cumulative growth of 10.9% during April to June 2014-15 over the corresponding period of previous year.
Fiscal deficit at Rs 2.97 lakh crore in Q1 FY2015, 56% of Budget Estimates
Total expenditure was at Rs 4,13,603 crore in April-June 2014 recording 23% of the BE. Of the total expenditure, plan expenditure was Rs 1,11,806 crore and non-plan expenditure was Rs 3,01,797 crore.
Revenue collection was Rs 1,14,427 crore or 9.6% of the BE. It was 11.1% of the BE in 2013-14. Total receipts (from revenue and non-debt capital) of the government during the first three months of FY15 was Rs 1,15,744 crore. The revenue deficit in the three months was Rs Rs 2,49,358 crore or 65.9% of the BE.
Asia Pacific Market: Stocks mixed on profit booking, capital outflows woes
Regional investors took out some gain amidst global concerns about an Argentinian bond default and growing fears that global equities are vulnerable to a correction. Low volatility, stretched price-to-earnings ratios and record highs on Wall Street have all been cited as cause for caution.
But losses on the regional blue chips were limited on the back of solid U.S. gross domestic product data and after the Fed statement that rates would remain low for a considerable time. U.S. gross domestic product, a broad measure of the nation's output of goods and services, advanced at a seasonally adjusted annual rate of 4.0% in the second quarter, the Commerce Department said Wednesday, a significant rebound from a wintry 2.1% contraction during the first three months of the year.
The U.S. policy makers tapered monthly bond buying to $25 billion in their sixth consecutive $10 billion cut, staying on pace to end the purchase program in October. Policymakers acknowledged rebound in the economy in the second quarter of the year, noting 'somewhat diminished' downside risks to inflation and improvements in labor market conditions. Yet, they cautioned that a number of labor market indicators signaled that slacks remained 'significant'. The statement suggested that the Fed is not in any rush to hike interest rates. The Fed said the labor market still has plenty of room for improvement, even after a surprising drop in unemployment.
Among Asian bourses
Nikkei declines from six-month high
Headline shares of the Japanese market declined, dragging the benchmark Nikkei 225 index 25.46 points lower from a six-month high to close at 15620.77, amid profit taking in the last 30 minutes of trading. The Topix index fell 0.2% to 1,289.42, paring this month's gain to 2.1%.
Nintendo slumped 6.5% to 11,525 yen after the video-game console maker posted a 9.9 billion yen ($96 million) quarterly loss, due to sluggish sales of the Wii U console. Nintendo shares have lost 18% year to date.
Denso, an auto-parts manufacturer, slumped 1.8% to 4,788 yen after first-quarter net income missed estimates. The company's quarterly net income fell 20% to 68.8 billion yen in the April-June quarter.
Kansai Electric Power Co., a utility serving the Osaka region, sank 2.6% to 950 yen after cutting its first-half revenue forecast by 1.2%. The power company reported a 29 billion loss in the first quarter, its third-straight quarter of losses.
Sumitomo Mitsui Financial Group Inc. added 1.7% to 4,260 yen after profit at Japan's second-biggest bank fell less than estimated. The company generated 230 billion yen in net profit during the first quarter.
Casio Computer soared 7.8% to 1747 yen after the company said it doubled its net profits in the April-June quarter to 4.6 billion yen from a year earlier.
Australia stocks hit fresh six-year high
Australian stock market advanced for third consecutive day, closing at fresh six -year highs. Investor appetite for risk assets continued despite mixed performances from global markets overnight. The benchmark S&P/ASX 200 Index rose 10 points, or 0.18% to 5632.90, the highest level since June 2008. Australia's benchmark S&P/ASX 200 Index climbed 4.4% and the broader All Ordinaries Index added 4.5% in July.
The financial sector was up, with big 4 lenders being the biggest gainer. Commonwealth Bank of Australia added 0.8% to A$83.75, Westpac Banking Corporation 0.7% to A$34.61, ANZ Banking Group 0.3% to A$33.97 and National Australia Bank 0.4% to A$35.32.
Shares of material & resources companies declined, with Resources giant BHP Billiton falling 0.82% to A$38.68. Fortescue Metals Group dropped 0.8% to A$4.92. Rio Tinto added 0.5% to $66.38 after announcing the offloading of its underperforming Mozambique coal assets for a discounted $50 million. Lynas (LYC) fell by 17% after it disappointed investors with continued cashflow problems. LYC was down 42% this calendar year.
Infigen Energy (IFN) finished flat after delivering a 1% rise in production but a 3% slide in revenue over the past three months.
China stocks surges to near 8-month peaks
Headline shares of the Mainland China market advanced, buoying up the benchmark indices to near 8 month peaks on Thursday, 31 July 2014, amid optimism government stimulus will boost economic growth. The benchmark Shanghai Composite gained 20.32 points to close at 2201.56, the highest level since 12 December 2013, when it was closed at 2202.80. Turnover declined to 132.43 billion yuan from yesterday's 149.57 billion yuan. The Shanghai index surged 7.5% in July.
Property developers stocks advanced, boosted by signs that local governments such as Hangzhou to Wenzhou are removing home purchase restrictions as well as prospects for reform of the household registration system, known as hukou. Poly Real Estate climbed 2%, while China Vanke Co., the biggest developer, added 2.8%.
Material stocks jumped ahead on PMI manufacturing data. Market pundits expected that the official Purchasing Managers' Index would climb to 51.4 in July, the highest since November. Aluminum Corp. of China rose 1.1%,
Sinoma Energy, Suzhou TA&A Ultra Clean Technology Co. and Guangdong Taicheng Pharmaceutical Co. all jumped by the maximum limit of 44% in their first day of trading in Shanghai and Shenzhen. Five more companies will start trading tomorrow.
Hang Seng climbs to 45-month highs
Hong Kong share market advanced for eighth straight session, closing at highest level in 45-months, as sentiment remained positive after the Fed said rates would remain low for a considerable time, and the HKMA continued injecting liquidity into the market. The benchmark Hang Seng Index climbed up 24.64 points, or 0.1%, to 24756.85, the highest close since 8 November 2010, when it finished at 24964.37. Turnover decreased to HK$84 billion from yesterday's HK$100.13 billion. The index was 6.8% up this month.
Shares of Mainland property developers extended yesterday's rally after many mainland cities have relaxed control on the housing market. China Resources Land rose 3.6% to HK$18.20 after Barclays raised its rating on the stock to overweight from equal-weight.
China Overseas Land & Investment, the largest mainland developer listed in Hong Kong, gained 4.6% to HK$23.80. Shimao Property (00813) and China Vanke (02202) jumped 4% to HK$18 and HK$17.16.
HK-based property developers were mixed. Hang Lung Properties (00101) slipped 1.6% to HK$24.05. Hang Lung Group (00010) retreated 2% to HK$41.7. But Cheung Kong (00001) edged up 0.2% to HK$150.7. New World Dev (00017) put on 1.3% to HK$9.83. SHKP (00016) ascended 1.7% to HK$117.9.
Oil counters were down, with PetroChina retreating 2.5% to HK$10.18. The energy producer was cut to neutral from buy at Societe Generale SA. Kunlun Energy Co. lost 1.6% to HK$13.24.
Sensex drops below 25900; Nifty drops 70 points
Indian stock market declined as caution prevailed on the expiry of July derivative contracts and capital outflows after US Fed once again tapered its stimulus. The BSE Sensex settled at 25,894.97, down 192.45 points, or 0.74%. The 50-share NSE index Nifty settled the session down 70.10 points, or 0.90%, at 7,721.30, its biggest fall since July 11.
Maruti Suzuki India shed 0.86% to Rs 2,530 after announcing Q1 results. he company's net profit rose 20.7% to Rs 762.30 crore on 10.8% rise in net sales (net of excise) to Rs 11073.50 crore in Q1 June 2014 over Q1 June 2013.
HCL Technologies dropped 2.53% to Rs 1,557 after announcing its Q4 results. The company's consolidated net profit as per US GAAP rose 12.9% to Rs 1834 crore on 0.9% growth rise in revenue to Rs 8424 crore in Q4 June 2014 over Q3 March 2014.
ICICI Bank fell 1.4% to Rs 1,468.70 after the bank at the time of announcing Q1 results said its net non-performing assets rose in Q1 June 2014. The bank's net profit rose 16.75% to Rs 2655.30 crore on 13.26% rise in total income to Rs 14,616.71 crore in Q1 June 2014 over Q1 June 2013. The net non-performing assets ratio was 0.87% as on 30 June 2014, higher than 0.82% as on 31 March 2014 and 0.69% as on 30 June 2013.
Elsewhere in the Asia Pacific region-- Malaysia's KLSE Composite was down 0.37% to 1871.36. South Korea's KOSPI index fell 0.31% to 2076.12. Taiwan's Taiex index dropped 1.39% to 9315.85. Bucking the trend, New Zealand's NZX50 rose 0.18% to 5167.99 and Singapore's Straits Times index rose 0.61% to 3374.06. Indonesia market closed for holiday.
Duke Offshore fixes record date for 1st interim dividend
FPIs turn net sellers
Foreign portfolio investors (FPIs) sold shares worth net Rs 276.01 crore on Wednesday, 30 July 2014, compared with net inflow of Rs 113.02 crore on Monday, 28 July 2014. The stock market was closed on Tuesday, 29 July 2014, on account of Ramzan Id.
The net outflow of Rs 276.01 crore on 30 July 2014 was a result of gross purchases of Rs 6102.04 crore and gross sales of Rs 6378.05 crore. There was a net outflow of Rs 284.50 crore into the secondary equity market on 30 July 2014, which was a result of gross purchases of Rs 6093.44 crore and gross sales of Rs 6377.94 crore. The S&P BSE Sensex garnered 96.19 points or 0.37% to settle at 26,087.42 on that day, its highest closing level since 25 July 2014.
There was a net inflow of Rs 8.49 crore into the category 'primary market & others' on 30 July 2014, which was a result of gross purchases of Rs 8.60 crore and gross sales of Rs 0.11 crore.
FPIs have bought shares worth a net Rs 13123.86 crore in this month so far (till 30 July 2014). FPIs bought shares worth a net Rs 13990.75 crore in June 2014.
FPIs have bought shares worth a net Rs 72919 crore in this calendar year so far (till 30 July 2014). FPIs bought shares worth a net Rs 113136 crore in 2013 calendar year.
Channel Nine Entertainment fixes record date for rights issue
Crude prices end down for the third consecutive session
Crude Oil futures ended lower on Wednesday, 30 July 2014 at Nymex after a weekly U.S. government supply report showed larger than-expected supply increases for gasoline and other crude derivatives. But a stronger than expected US GDP report kept the loss under check.
Crude oil futures for September delivery fell 70 cents, or 0.7%, to end at $100.27 a barrel on the New York Mercantile Exchange. Crude futures are down for the third consecutive session.
As per the EIA report, crude oil supplies fell 3.7 million barrels in the week ended 25 July 2014. That contrasted with expectations of a drop of 2.2 million barrels. The EIA also reported gasoline supplies rose by 400,000 barrels, while inventories of distillates, which include heating oil, rose 800,000 in the week. Market had expected gasoline supplies to add 1.1 million barrels, and supplies of distillates to increase 1.4 million barrels.
The U.S. economy expanded at a 4% annual pace in the second quarter, stronger than economists had forecast and a sign that the economy has recovered from the unusually harsh winter. 3.0% rise was expected versus a reading of minus 2.9% in the first quarter.
Wednesday afternoon's results of the two-day meeting of the Federal Reserve's Open Market Committee (FOMC) were as expected. The FOMC will continue to taper its monthly bond-buying program (quantitative easing) by slicing another $10 billion per month from the program—now totaling $25 billion a month. Traders and investors did not expect a lot of fresh, significant news to come out of the FOMC meeting, which was the case as market reacted little to the news.
The ADP national employment report for July was also out earlier on Wednesday. That report is a precursor to Friday's more important Labor Department employment report. The ADP figure was forecast to come in at up 238,000, but was a slight miss on the downside and reported at up 218,000. Friday's U.S. jobs report is forecast to see a rise in non-farm payrolls of 230,000 in July versus up 288,000 in June.
In overnight news, the European Union reported its business confidence index, called the Economic Sentiment Indicator, rose to 102.2 in July from 102.1 in June. The July figure beat market expectations for a reading of 101.9.
There are geopolitical issues impacting trading this week. The European Union and U.S. this week have slapped new and harsher sanctions on Russia. However, those sanctions did not surprise the market place and there was a muted reaction from markets on Wednesday.
Among other energy products, gasoline for August delivery fell 2.76 cents, or 1%, to end at $2.8433 a gallon on Nymex. Heating oil also for August delivery retreated 1.61 cents, or 0.6%, to settle at $2.8906 a gallon.
Natural gas for September delivery was off 3.80 cents, or 1%, to settle at $3.78 per million British thermal units.
Gold drops for second straight day
Bullion prices once again mixed on Wednesday, 30 July 2014 at Comex. Gold prices continued to pull back on Wednesday as a stronger-than-expected report on the U.S. economy dampened demand for safety plays. Prices were pressured somewhat by a much-stronger-than-expected U.S. gross domestic product report and by a rising U.S. dollar index that hit a nearly six-month high.
Gold for August delivery fell for a second day, dropping $3.40, or 0.3%, to settle at $1,294.90 an ounce.
September silver edged up a penny to $20.60 an ounce.
The U.S. economy expanded at a 4% annual pace in the second quarter, stronger than economists had forecast and a sign that the economy has recovered from the unusually harsh winter. 3.0% rise was expected versus a reading of minus 2.9% in the first quarter. The GDP report mildly pressured the gold market and U.S. Treasuries, while boosting modestly the U.S. stock indexes and the U.S. dollar index.
Wednesday afternoon's results of the two-day meeting of the Federal Reserve's Open Market Committee (FOMC) were as expected. The FOMC will continue to taper its monthly bond-buying program (quantitative easing) by slicing another $10 billion per month from the program—now totaling $25 billion a month. Traders and investors did not expect a lot of fresh, significant news to come out of the FOMC meeting, which was the case as market reacted little to the news.
The ADP national employment report for July was also out earlier on Wednesday. That report is a precursor to Friday's more important Labor Department employment report. The ADP figure was forecast to come in at up 238,000, but was a slight miss on the downside and reported at up 218,000. Friday's U.S. jobs report is forecast to see a rise in non-farm payrolls of 230,000 in July versus up 288,000 in June.
In overnight news, the European Union reported its business confidence index, called the Economic Sentiment Indicator, rose to 102.2 in July from 102.1 in June. The July figure beat market expectations for a reading of 101.9.
There are geopolitical issues impacting trading this week. The European Union and U.S. this week have slapped new and harsher sanctions on Russia. However, those sanctions did not surprise the market place and there was a muted reaction from markets on Wednesday.
Rupee opens low
Turnover jumps
Nifty August 2014 futures were at 7746, at a premium of 24.70 points over spot closing of 7721.30. Turnover on NSE's futures & options (F&O) segment jumped to Rs 420919.95 crore from Rs 342213.20 crore on Wednesday, 30 July 2014.
ICICI Bank August 2014 futures were at 1479.65, at a premium over spot closing of 1471.20.
Reliance Industries August 2014 futures were at 1011, at a premium over spot closing of 1005.
Larsen & Toubro August 2014 futures were at 1497.30, at a discount over spot closing of 1503.
In the spot market, the 50-unit CNX Nifty fell 70.10 points or 0.90% to settle at 7,721.30, its lowest closing level since 21 July 2014.
The August 2014 derivatives contracts expire on 28 August 2014.
Bond yields eases
Bond yields eased amid fall in global oil prices and due to some bargain hunting.
The weighted average rate in the overnight call money increased to 8.06% compared with 7.9% close in the previous session. The call money rate hovered in the range of 7.80% to 8.20% with the volume of Rs 17304.78 crore.
Friday, July 25, 2014
Some tax relief for debt fund investors
IRDA slaps Rs. 5 lakh fine on Sahara India Life
Jaideep Bhattacharya quits Baroda Pioneer AMC
Managing Director of Baroda Pioneer AMC Jaideep Bhattacharya has resigned effective July 24, 2014 for personal reasons, said a press statement issued by the fund house.
Blog Archive
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2014
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July
(329)
- L&T FMP – Series VIII – Plan D Announces Dividend
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- Kotak FMP Series 105 Announces Dividend
- Sundaram Value Fund Series-I-III files offer docum...
- SBI–ETF Nifty Jr. files offer document with Sebi
- IDFC Interval Fund - Series 4 Announces Dividend
- IDFC Fixed Term Plan – Series 24 Announces Dividend
- ICICI Prudential Interval Fund Series VIII files o...
- ICICI Prudential Capital Protection Oriented Fund ...
- UTI Fixed Income Interval Fund - Monthly Interval ...
- Birla Sun Life Interval Income Fund –Annual Plan I...
- Birla Sun Life Emerging Leaders Fund – Series 4 Ex...
- SBI MF Announces Rollover of SBI Debt Fund Series ...
- LIC Nomura MF Interval Fund Series 1-Quarterly Ann...
- Kotak MF Announces Dividend Under Kotak FMP Series...
- Kotak QIP Series 6 Announces Dividend
- IDFC MF Announces Change In Fund Management Respon...
- Tata Balanced Fund Announces Dividend
- SBI Debt Fund Series A - 39 (1100 Days) Floats On
- DSP BlackRock MF Announces Rollover of DSP BlackRo...
- Pramerica Fixed Duration Fund-Series 6 Announces D...
- Mutual funds extend buying
- ICICI Prudential Mutual Fund Announces Rollover of...
- ICICI Prudential Mutual Fund Announces Rollover of...
- Mirae Asset Mutual Fund Announces Change In Fund M...
- ICICI Prudential MF Announces Dividend Under Its S...
- SBI MF Announces Rollover of SBI Debt Fund Series ...
- UTI MF Announces Rollover of UTI Fixed Term Income...
- Maharashtra tops in fiscal management amid high-in...
- Ind-Ra: Weak Start to AT1 Issuance by Banks
- Petroleum Minister calls upon the OMCs to pool the...
- Grant of Infrastructure Status to Hotel Industry
- Rs. 73,392 crore will be an Estimated Completion C...
- Rs. 6235 crore Earmarked for Restoration of 10,000...
- Eight core infrastructure sector's output rises 7....
- Fiscal deficit at Rs 2.97 lakh crore in Q1 FY2015,...
- Asia Pacific Market: Stocks mixed on profit bookin...
- Duke Offshore fixes record date for 1st interim di...
- FPIs turn net sellers
- Channel Nine Entertainment fixes record date for r...
- Crude prices end down for the third consecutive se...
- Gold drops for second straight day
- Rupee opens low
- Turnover jumps
- Bond yields eases
- Some tax relief for debt fund investors
- IRDA slaps Rs. 5 lakh fine on Sahara India Life
- Jaideep Bhattacharya quits Baroda Pioneer AMC
- IDFC MF Announces Dividend Under Three Schemes
- SBI Arbitrage Opportunities Fund Announces Dividend
- IDFC MF Announces Rollover of IDFC Fixed Term Plan...
- Reliance Mutual Fund Announces Change In Name Unde...
- ICICI Prudential MF Announces Dividend Under Two S...
- HDFC FMP 1116D July 2014 (1) Floats On
- Axis Enhanced Arbitrage Fund Floats On
- Birla Sun Life Capital Protection Oriented Fund – ...
- Mutual funds continue buying
- UTI Mutual Fund Announces Change In Fund Manager
- Asia Pacific Market: Stocks up on earnings, global...
- UTI Fixed Term Income Fund – Series XV – IX (366 D...
- SBI MF Announces Change In SBI Debt Fund Series – ...
- ICICI Prudential MF Announces Changes In ICICI Pru...
- HDFC FMP 371D July 2013 (1) Announces Dividend
- UTI Fixed Term Income Fund – Series XIX – XVII (36...
- DSP BlackRock FMP – Series 104 – 12M Announces Div...
- DSP BlackRock Dynamic Asset Allocation Fund Announ...
- Dollar sales supports rupee
- CARE Assigns CARE BB Ratings To The Bank Facilitie...
- Nifty July 2014 futures fall below 7800
- RBI working on enabling mechanism for exit by entr...
- Indirect Tax Revenue Collections During April-June...
- IMF scales down global growth forecast at 3.4 perc...
- Storage Status of 85 Important Reservoirs of the C...
- States Advised to Allow Free Movement of Fruits an...
- 29 Premium Trains Introduced by Indian Railways Du...
- R S Software (India) fixes record date for interim...
- FPIs continue buying
- Finance Minister Stresses on Capital Increase and ...
- Moody's: APAC Credit Outlook is Stable, but the Re...
- Foodgrains Storage Capacity of 203.76 lakh MT to b...
- Future Generali India Life Insurance launches the ...
- Moody's: Asian banks' regional expansion alters ri...
- JMT Auto fixes record date for bonus issue
- IRB Infrastructure Developers fixes record date fo...
- MRF fixes record date for interim dividend
- Gold prices end lower
- Crude ends lower ahead of supply data
- CARE Assigns CARE AA Rating To The NCD of Adani Po...
- Axis Bank July 2014 futures at premium
- SBI Debt Fund Series A – 41 (91 Days) Floats On
- SBI Debt Fund Series A – 38 (1100 Days) Floats On
- UTI Fixed Term Income Fund – Series XIX – XV (1101...
- UTI Fixed Term Income Fund – Series XIX – XVI (366...
- Principal Mutual Funds and Money-Wizards launch In...
- ICICI Prudential Fixed Maturity Plan – Series 75 –...
- Axis Fixed Term Plan – Series 69 Extends NFO Period
- ICICI Prudential Fixed Maturity Plan – Series 68 –...
- L&T India Prudence Fund Announces Dividend
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