Financial planners insist investors must make a nominee in their mutual fund units in their own interest. This makes transmission of units simple and hassle-free for the beneficiary. The deadline for this is extended to June 30. WHAT DOES NOMINATION MEAN IN THE CASE OF A MUTUAL FUND? Nomination is the process of appointing a … Read more
India’s markets regulator is looking at whether local mutual fund schemes investing in small and mid-cap stocks would be able to withstand sharp falls in stock prices or sudden outflows, according to two sources with direct knowledge of the matter. Such funds have seen heavy inflows over the past year, pushing up the prices of … Read more
Mumbai: The use of market repurchase (repo) transactions as a funding instrument for banks, mutual funds and other corporates has climbed to an all-time high as deficit liquidity in the banking system persists at elevated levels pushing up borrowing costs across the economy. A market repo transaction is used to raise short-term funds with securities … Read more
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters More than a year after single-stock exchange-traded funds hit the U.S. market, risk-seeking investors continue to dive in. Single-stock ETFs were first introduced in Europe in 2018. There are now nearly four dozen single-stock ETFs in the U.S., many of … Read more
