The battle between perception and establishing expectations is not an easy one. And Governor Shaktikanta Das may be losing the battle following the Reserve Bank of India’s latest monetary policy decision. The central bank chief was at pains to emphasise that the Monetary Policy Committee’s decision on April 6 to leave the repo rate unchanged […]
PE funds get to be promoters of Mutual Funds
After nearly three years of deliberations, the Indian markets regulator on Wednesday allowed private equity firms to serve as promoters of Indian mutual funds, in a move that may accelerate consolidation in the country’s ₹41 trillion mutual fund industry. The board of Securities and Exchange Board of India (Sebi) also approved a range of proposals […]
Debt funds held over 3 years to no longer enjoy indexation benefit, long-term capital gains set to go
In a setback for debt mutual funds, the government has proposed in Finance Bill that investment in mutual fund where not more than 35 percent is invested in equity shares of Indian company will now be deemed to be short-term capital gains. This will apply to investments made on or after April 1, 2023. Also, […]