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After a fantastic year for Indian equity markets, domestic mutual fund industry experts are hoping for another blockbuster year in 2018.
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Vishal Sikka, resigned from his post of MD & CEO of Infosys effective today. The stock was the top loser on both S&P BSE Sensex and Nifty.
MUMBAI (Reuters) - The Reserve Bank of India (RBI) will likely have to drain up to $22 billion in excess liquidity from the financial system as surging foreign investments forces the central bank to absorb the dollar inflows and sell rupees to cap gains in the local currency.
Trading Members of the Exchange are hereby informed that, Kotak Mahindra Asset Management Ltd. has informed and requested that trading in units of the following schemes are not available for trading on the Exchange pursuant to the record date of June 16,2017 fixed for the purpose of determining unit holders.
Markets regulator Sebi has asked several mutual fund houses to explain the rise in fund inflows from promoter group entities and associates to their overall assets under management.
Kotak Mahindra Mutual Fund has revised the features of Kotak Multi Asset Allocation Fund, with effect from Apr 12.
Four of the country’s biggest funds chose to abstain from voting on Maruti Suzuki’s contentious related-party transaction with its Japanese parent in December 2015, voting disclosures by the fund houses show. Similarly, in the case of Vedanta-Cairn merger, four of the top five mutual fund firms voted for it despite concerns around the use of cash on Cairn’s books.
Trading Members of the Exchange are hereby informed that, Kotak Mahindra Asset Management Company Ltd. has now informed and requested the Exchange to ensure that the units of the below mentioned scheme are not available for trading on the Exchange pursuant to Record date of 20th February 2017 fixed for maturity of the said Mutual Fund Scheme.
Trading Members of the Exchange are hereby informed that, Kotak Mahindra Asset Management Company Ltd. has now informed and requested the Exchange to ensure that the units of the below mentioned scheme are not available for trading on the Exchange pursuant to Record date of 13th February 2017 fixed for maturity of the said Mutual Fund Scheme.
Demonetisation will dent corporate profits for this quarter and the next, and a recovery is likely only in FY18, says Shibani Sircar Kurian Senior Vice President & Head -Equity Research, Kotak Mahindra Mutual Fund
Re-Listing of units of Kotak FMP Series 131 a scheme under Kotak Mahindra Mutual Fund after rollover
Domestic mutual fund managers do not seem to be perturbed by the storm brewing at Bombay House. On Monday evening after market hours, in a shocking development, Tata Sons' chairman Cyrus Mistry was replaced by his predecessor Ratan Tata.