SEBI has initiated the move to allow investors be charged with a fee while they invest in Mutual Funds. Distributors can be charged Rs100 per transaction fee per subscription. Those who are first time investors need to pay Rs50 extra. For small investors, whose investments do not exceed more than Rs10000, no charges will be… Read More »
Basically, Arbitrage funds takes the advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices. After a downfall of this category of funds in the domestic mutual funds circle, most investors and fund managers are looking towards… Read More »
Most investors make this common mistake. They start off keeping a plan in their mind. But when it comes to its execution, they lose track of what is their purpose of investment. Before you move on to investing in debt and equity assets, make sure you pen down what is your purpose for investing. Is… Read More »
There are a lot of things that you, as an investor need to understand is that, funds need to be invested only in those assets of which you have a proper understanding and are hopeful to gain good returns. The general rule is to not save all your funds in one asset; it can wipe… Read More »
Using financial terms that are not commonly understood, creates a jargon to investors who are new to the MF Avenue. In order to eliminate this problem, SEBI has come up with a solution where the MF houses have been advised to publish the value of return the investor will get when a certain sum of… Read More »
A recent press report said that Syndicate Bank has entered into a memorandum of understanding (MoU) with Tata Motors for financing commercial vehicles. The MoU was signed by Mr. U. Ganesh Kamath, General Manager (MSME), on behalf of Syndicate Bank and Mr. K. Sanjay Mishra, Regional Manager (South), on behalf of Tata Motors. Syndicate Bank… Read More »
A recent press report said that State Bank of India (SBI), Ukhrul Branch located inside 17th Assam Riffles Campus Somsai, has distributed nine ceiling fans to Ukhrul Model High School under the hospitality theme “Community Services of Banking” by the SBI Bank Manager Mr. R. K. Tiken Singh in a simple function held at Model… Read More »
According to a recent press report Mr. Nagesh Pydah, Chairman and Managing Director Oriental Bank of Commerce (OBC) said that the bank will focus on mid-corporates and small and medium enterprises (SMEs). Mr. Pydah said that the syndication vertical was progressing well and the bank has about half-a-dozen assignments on hand involving over Rs 3,000… Read More »
A recent press report said that Lakshmi Vilas Bank has registered a 30 per cent growth in its operating profit during the first quarter of the current fiscal compared to the corresponding quarter of the earlier fiscal. Reports said that the bank’s operating profit went up to Rs 69.70 crore from Rs 53.73 crore in… Read More »
A recent press report said that HSBC India’s profit before tax has increased by 33 per cent year-on-year to $451 million, during the half-year ended June 2011. Reports said that the growth was mainly from commercial banking and global banking and markets segments, even as the foreign bank cut down the losses in its retail… Read More »