Investment Archives - Page 28 of 36

S Korea’s Mirae to enter India’s investment banking with $300 million

May 10, 2018 Loknath Das'S, 300, banking, Enter, India's, investment, Korea’s, Million, Mirae, to, With

MUMBAI: South Korea’s Mirae will invest $300 million to set up investment banking operations in India and compete with established leaders like JM Capital, Kotak and ICICI Securities. The Indian operations of Mirae Asset Capital Markets India will be headed by Benedict Ryu, and supported by Aditya Loonkar, a former senior executive of Investec, and Anshul Mittal, a former senior executive from Tata Capital. Loonkar, who was heading fixed income at Investec and Mittal, who was heading M&A advisory at Tata Capital, will be co-heads of investment banking. Prior to this, Benedict Ryu was in charge…

Why you should invest before the 5th of every month in PPF account

May 10, 2018 Loknath Das5th, Account, Before, Every, In, Invest, Month, of, PPF, Should, The, Why, You

The Public Provident Fund popularly called PPF is a favourite investment for many Indians. The reason for this? The Principal and Interest you earn on the PPF, is guaranteed by the Government of India. This means come what may, the money invested is safe and you earn interest on it. PPF continues to remain a great investment even after decades, simply because the returns earned are tax-free. Sadly, interest offered on PPF has been coming down in recent years. Interest offered on PPF was 8.8% for FY 2012-13. The interest…

New system for monitoring foreign investment limits in listed firms

May 3, 2018 Loknath DasFirms, for, Foreign, In, investment, Limits, Listed, Monitoring, New, System

RBI to disallow investment if there is non-compliance. The Reserve Bank, in consultation with Securities and Exchange Board of India (SEBI), has decided to put in place a new system for monitoring foreign investment limits. Necessary infrastructure and systems to kick-start the monitoring mechanism, according to RBI, will be made available by the depositories. All listed Indian companies are required to provide the specified data/information on foreign investment to the depositories. The requisite information should be furnished on or before May 15, the RBI said. The listed Indian companies in…

Looking to invest in mutual funds? Here’s how to get your KYC done

May 3, 2018 Loknath DasDone, Funds, Get, Here's, How, In, Invest, KYC, looking, Mutual, to, Your

Complying with the Know Your Customer or KYC norms is mandatory for every mutual fund’s investor. It is important for an investor to submit their identity details to the mutual fund houses. AMC’s are required to formulate rules and implement a customer identification program in accordance with the Prevention of Money laundering Act, 2002 (PMLA). These rules and regulation gets updated and is issued by SEBI from time to time. The KYC process is free for the investors. What are all documents required? Firstly, you need to get a KYC…

PFRDA raises NPS equity investment cap under ‘active’ choice, relaxes withdrawal norms

May 3, 2018 Loknath DasActive, cap, choice, equity, investment, Norms, NPS, PFRDA, raises, relaxes, Under, withdrawal

You will soon be able to opt for higher equity investment under the National Pension System’s (NPS) ‘active’ choice. The Pension Fund Regulatory and Development Authority (PFRDA) board of directors has approved increasing cap on equity investment in ‘active’ choice to 75% from current 50% for Private Sector Subscribers. Presently there is a cap of 50% on equity investment under active choice in NPS. A release issued by the PFRDA says that the increase in equity cap comes with a clause of tapering of the equity allocation after the age…

University of Michigan Changes Conflict Rules for Investments

March 31, 2018 Loknath DasChanges, Conflict, for, Investments, Michigan, of, Rules, University

(Bloomberg) — The University of Michigan changed how its endowment’s advisory committee handles potential conflicts of interest and discontinued a fund that helped pay the salaries of the chief investment officer and his staff. The changes were announced Thursday at a board of regents meeting following a review of the policies and practices at the investment office, university public affairs spokesman Rick Fitzgerald said in a statement posted on its website. The school will require members of its investment committee, which advises the university on the management of its $11 billion endowment,…