ELSS fare better than traditional tax saving schemes: CRISIL
Though ELSS provide a better alternative than traditional tax saving instruments, they have been unable to attract investors this time around.
by Team Cafemutual Mar 27, 2012
AMCs ponder on passing service tax hike to investors
Fund houses are likely to be hit with the recent hike in service tax from 10% to 12% on fund management services.
by Ravi Samalad Mar 23, 2012
Service tax exemption is still a while away for MF distributors
AMCs will charge a service tax of 12.36% on distributor commissions till the Finance Bill is passed by the parliament.
by Ravi Samalad Mar 21, 2012
AMCs evaluating 3 options on distributor commissions
Fund houses consider different options as they seek to build consensus over the sensitive issue of distributor commission.
by Ravi Samalad Mar 21, 2012
The budget is anti-inflationary and seems more realistic: Sandesh Kirkire
Sandesh Kirkire, CEO, Kotak Mutual Fund says that the future direction for both the equity and the debt market would be driven by a combination of domestic factors like corporate performance and government finances, and global factors affecting the liquidity.
by Team Cafemutual Mar 20, 2012
Distributors welcome exemption from service tax
In the current budget the FM has proposed it as an amendment under service tax.
by Pallabika Mar 20, 2012
AMCs seek clarity from SEBI on debt valuation norms
In the interim, each AMC will follow a fair valuation policy approved by its board.
by Pallabika Mar 18, 2012
The budget will be mildly negative for India’s sovereign credit rating: S&P
While the finance minister announced various fiscal reforms, S&P feels that the timing of the implementation of key reform measures such as the Goods and Services Tax (GST), Direct Tax Codes (DTC) and the targeted direct subsidy disbursement remains uncertain.
by Team Cafemutual Mar 18, 2012
Budget proposals impacting savings and investments
The FM proposed following changes pertaining to savings and investments that are likely to have an impact during the coming fiscal.
by Team Cafemutual Mar 16, 2012
5-minute guide to the Union Budget proposals
The finance minister slashed securities transaction tax (STT) by 20% to from 0.125% to 0.1% which will help bring down transaction cost.
by Team Cafemutual Mar 16, 2012
RBI keeps policy rates unchanged; experts favor short term funds
Fund managers say that short term funds like liquid, ultra short term and short term income category are likely to find traction.
by Team Cafemutual Mar 15, 2012
8 audit firms shortlisted for distributors’ due diligence
The number of distributors who will fall under the ambit of due diligence has come down to 402 from 529.
by Pallabika Mar 15, 2012
IDFC files an offer document for its Infrastructure Debt Fund
IDFC is the first to file an offer document for Infrastructure Debt Fund
by Team Cafemutual Mar 14, 2012
UTI Mutual Fund manages to get a High Court stay order
The Bombay High Court has issued a stay order on the issue today, say industry sources.
by Ravi Samalad Mar 14, 2012
