Mutual fund

Government Decides to Launch Inflation Index Bonds

Pursuant to the announcement in the Union Budget 2013-14, the Government of India in consultation with Reserve Bank of India (RBI) has decided to launch Inflation Index Bonds (IIBs), as instruments that will protect savings of poor and middle classes from inflation and incentivise household sector to save in financial instruments rather than buy gold.… Read More

Tags: BondsCoupon (bond)Government of IndiaInflationMutual fundReserve Bank of IndiaWholesale price indexWPI

Double Digit Returns on National Pension System (NPS) Schemes for Financial Year 2012-13

The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme. PFRDA advises that various NPS schemes have earned the following average… Read More

Tags: Central GovernmentICICI PrudentialMutual fundNational Pension SystemNPSPension fundPrivate sectorScheme

India Ratings & Research (Ind-Ra) Announces Rating of the First Infrastructure Debt Fund

India Ratings & Research (Ind-Ra) has announced its rating on the Mutual Fund (MF) schemes of the Infrastructure Debt Fund (IDF) Series 1, launched by IL&FS Financial Services Ltd (IFIN, ˜IND AAA™/Stable), a 100% subsidiary of Infrastructure Leasing & Financial Services Ltd. (IL&FS, ˜IND AAA™/Stable) under the Securities and Exchange Board of India (SEBI) guidelines.… Read More

Tags: Financial servicesIndiaInfrastructure Leasing & Financial ServicesIsrael Defense Forcesministry of financeMutual fundSEBISecurities & Exchange Board of India

CLR Snippets | Additional Charge of the Post of Member of the Appellate Tribunal for Foreign Exchange

The Central Government has entrusted the additional charge of the post of Member of the Appellate Tribunal for Foreign Exchange to Shri R.P. Tolani, Judicial Member, Income Tax Appellate Tribunal and Shri U.B.S. Bedi, also Judicial Member, Income Tax Appellate Tribunal, with effect from 4th May 2013 for a further period of 3 months or… Read More

Tags: AppealCorporate lawIncome taxIncome Tax Appellate TribunalIndiaMutual fundrbiReserve Bank of IndiaSupreme Court

SEBI Circular on Infrastructure Debt Fund

CIRCULAR CIR / IMD / DF / 7 / 2013 April 23, 2013 All Mutual Funds/Asset Management Companies Trustee Companies/Boards of trustees of mutual funds Sir / Madam, Sub: Circular on Infrastructure Debt Fund Amendments to SEBI (Mutual Funds) Regulations, 1996 1. Please find enclosed a copy of the gazette notification No. LAD-NRO/GN/2013-14/03/5652 dated April 16, 2013,… Read More

Tags: InvestmentMutual fundPrivate placementRegulationSEBISecurities & Exchange Board of IndiaSecurities and Exchange Board of India Act 1992Stock exchange

CLR Snippets :: Changes in Surrogacy Laws

There is no surrogacy law in the country. However, the Ministry of Home Affairs has issued two notifications vide their letters No. F. No. 25022/74/2011-F.I dated 9th July, 2012 and 7th March, 2013. The Ministry of External Affairs has been requested to issue the medical visa instead of Tourist Visa to the foreign nationals visiting… Read More

Tags: Corporate lawGovernment of IndiaIndiaMinistry of External AffairsMinistry of Home AffairsMutual fundSurrogacyUnited States

CLR Snippets :: National Judicial Data Grid

The National Judicial Data Grid (NJDG) is a part of the on-going e-Courts Integrated Mission Mode Project. NJDG will work as a monitoring tool to identify, manage & reduce pendency of cases. Giving this information in written reply to a question in the Rajya Sabha, Dr. Ashwani Kumar, Minister of Law & Justice, said that… Read More

Tags: Ashwani KumarCorporate lawIndiaJainismMutual fundNJDGRajya Sabharbi

SEBI prevents attempt to mis-sell an investment product

SEBI today prevented an attempt to mis-sell an investment product to an investor in Delhi by a person claiming as agent of mutual funds. SEBI had received a complaint from an investor (hereinafter referred to as ' complainant') that some unknown persons claiming to be 'agents' and 'brokers' of Mutual Funds and insurance companies have… Read More

Tags: DelhiDelhi PoliceFinancial servicesInvestmentInvestorMutual fundSEBISecurities & Exchange Board of India

Exit order in respect of Coimbatore Stock Exchange (CSX)

1.  SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges. This contained details of the conditions for exit of de-recognised/non-operational stock exchanges inter-alia including treatment of assets of de-recognised exchanges and a facility of dissemination Board for companies listed exclusively on such exchanges, while taking care of the interest of… Read More

Tags: Coimbatore Stock ExchangeInvestingMarch 21 2013Mutual fundSEBISecurities and Exchange Board of IndiaStock exchange

RBI Monetary and Credit Information Review March 2013

The Monthly Publication from RBI - Monetary and Credit Information Review March 2013 is available for download.  ****** Read More

Tags: BusinessEconomic growthFinancial servicesIndiaMonetary policyMutual fundRBI Monetary and Credit Information ReviewRBI Monetary and Credit Information Review March 2013Reserve Bank of India

Amendment to SEBI (Know Your Client) Registration Agency Regulations

CIRCULAR CIR/MIRSD/ 4 /2013 March 28, 2013 1. KYC Registration Agencies (KRAs), 2. Stock Brokers through Stock Exchanges, 3. Depository Participants (DPs) through Depositories, 4. Mutual Funds (MFs) through Association of Mutual Funds in India (AMFI) 5. Portfolio Managers (PMs) 6. Alternative Investment Funds (AIFs) 7. Collective Investment Schemes (CIS), Dear Sirs, Sub: Amendment to… Read More

Tags: Collective investment schemeIndiaMutual fundPortfolio managerRegulationSecurities and Exchange Board of IndiaSecurities and Exchange Board of India Act 1992Stock exchange

Clarifications on Gold Deposit Scheme

CIRCULAR DBOD. No. IBD.BC.81/23.67.001/2012-13 Dated 14/02/2013 The Central Government, with a view to bringing privately held stock of gold in circulation, reduce the country's reliance on import of gold and providing its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had notified… Read More

Tags: Exchange-traded fundGold certificateGold Deposit SchemeJanuary 24 2013Mutual fundReserve Bank of IndiaRun batted inSecurities and Exchange Board of India

SEBI Clarification on Gold Deposit Scheme of banks

CIRCULAR CIR/IMD/DF/04/2013         February 15, 2013 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds/ All Depositories Sir/ Madam, Sub: Gold Exchange Traded Fund Scheme (Gold ETFs)  Investment in Gold Deposit Scheme (GDS) of Banks 1. SEBI (Mutual Funds) Regulations, 1996, (MF Regulations)  permits Gold Exchange Traded Fund scheme (Gold ETFs) to… Read More

Tags: BankExchange-traded fundGDSGold certificateInvestmentMutual fundSEBISecurities and Exchange Board of India

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