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Do you feel let down by your MF investments
Even investors in equity mutual funds have borne the brunt of falling markets. As a result, several investors are in panic mode. Some are even contemplating redeeming all their mutual fund investments and instead making investments in risk-free avenues like fixed deposits and bonds.
2008-10-26 11:48:47
Are you a bad investor
As the global markets go through a financial crisis, small investors, who have invested in mutual funds and stocks, have been feeling the heat. During times like these, investors have to keep their cool, lest they make decisions that might not be rational. There are some common indicators that will help to identify if you are panicking.
2008-10-26 11:55:47
Don't time the market
I wanted to invest nearly Rs 10 lakh in mutual funds, but do not want to invest all in one go. Instead, I would like to divide it into, say, 15 different purchases.
2008-10-19 04:07:18
RBI to boost liquidity for mutual funds
The RBI has decided to inject Rs 20,000 crore through short-term lending route to help the mutual funds meet their liquidity needs and overcome redemption pressure.
2008-10-17 14:00:00
RBI provides another liquidity support to banks for mutual funds
After opening a special repo window for mutual funds which are facing redemption pressure, the Reserve Bank has permitted banks to provide additional liquidity support of up to 0.5% of their total net deposits to aid these funds.
2008-10-16 07:12:10
MFs clamp down on redemptions
Some mutual fund companies are not allowing investors to redeem their money freely.
2008-10-15 14:35:05
RBI takes measures to attract FII funds
RBI has decided to keep the Rs 20,000 crore credit window for banks to borrow from it in order to lend to mutual funds open till the amount gets exhausted.
2008-10-15 13:42:09
India's central bank extends scheme to fund mutual fund
BUS11Business/Business/EconomyIndia's central bank extends scheme to fund mutual fundMumbai, Oct 15 IANS the Reserve Bank of India RBI Tuesday said the auction of bonds to release Rs.200 billion $4.18 billion toward the needs of mutual fund industry would be extended till such time it was fully subscribed.The central bank had Tuesday announced a special 14-day repo auction repurchase of securities at a coupon rate of nine percent for a notified amount of Rs.200 billion to enable banks meet the liquidity requirements of mutual funds."Banks utilized Rs.350 million of this facility on Oct 14," said a statement by the central bank a day later, allocations will be made on a pro-rata basis when tenders exceed the notified amount amount of Rs.200 billion.The banking regulator had earlier reserved the right to conduct such auctions - where government securities are bought back to release more cash into the financial system - depending on market conditions.The move comes on the back of a cut of 150 basis points over the past week in the cash reserve ratio, or the minimum cash banks have to retain against deposit, which was estimated to free some Rs.600 billion for corporate credit.The central bank also asked commercial banks not to withhold working capital requirement of small and medium enterprises, especially where the amounts were previously approved based on prudent norms and their creditworthiness.--Indo-Asian News Serviceap/jg244 Words*15101327
2008-10-15 04:00:00
Indian equities slip after two days of gains Lead
BUS5Business/Business/EconomyIndian equities slip after two days of gains LeadMumbai, Oct 15 IANS After two days of impressive gains, Indian equities dipped in the early hours of trading Wednesday on cues from other bourses, as investors also found that there were few takers for the central bank's proposal to help mutual funds.The sensitive index Sensex of the Bombay Stock Exchange BSE opened weak at 11,245.27 points, against the previous close at 11,483.40 points. An hour into trading, it dipped to 11,086.69 points, with a loss of 396.71 points of 3.45 percent.Ranbaxy Laboratories and Grasim were the sole gainers among the 30 shares that make up the Sensex, up 0.75 percent and 0.66 percent, respectively. Sterlite, on the other hand, led the losers, down 8.46 percent.The broader 50-share S&P CNX Nifty index of the National Stock Exchange NSE was also down 2.79 percent, with analysts attributing the fall to the mood across the globe and limited impact of central bank's latest move to infuse liquidity.The Reserve Bank of India RBI had said Tuesday it will conduct a special 14-day repo repurchase of securities auction at nine percent for Rs.200 billion $4.18 billion to enable banks meet the liquidity requirements of mutual funds.But with only four bids coming by for Rs.35 billion each, there was little room for cheer, analysts said. They also attributed the losses to profit taking by anxious investors who have seen the markets crash over 15 percent last week.--Indo-Asian News Serviceap/jg268 Words*15101135
2008-10-15 02:02:04
Poor response prompts RBI to extend loan facility for MFs
Lukewarm response from banks to the special short-term lending facility prompted the Reserve Bank to extend the scheme till Rs 20,000 crore is fully subscribed for on-lending to mutual funds.
2008-10-15 01:00:00