In any industry, the rights of the buyer must be protected. In case of the financial services industry, especially for businesses that deal with retail money, investor protection becomes paramount. Inarguably, having your ‘skin in the game’ or ‘putting your money where your mouth is’ has proved to be an effective tool in increasing accountability and ensuring that the intent of investment professionals is well-aligned with those of investors. To that extent, the recent Sebi circular is on point - in spirit and intent. However, there are several layers to this circular which could have widespread ramifications. Many of these do not serve the intent and can be detrimental to the industry and the professionals who work in it.
NEW DELHI: As volatility remained high on Dalal Street for yet another week, all eyes are now glued to the pace of vaccination, the number of daily Covid cases and the earnings season. Investors fear that curfews and partial lockdowns in several parts of the country may derail the recovery process.
In today s edition of Tweet Buster , we sift through the world of 280 characters to bring out investing mantras, advice on what to buy and what not to buy in this market, and asset allocation strategies in complex situations.
MF checklist
Radhika Gupta, MD and CEO, Edelweiss Asset Management Limited, listed 10 mutual fund mistakes investors should avoid. In the following thread, she warned about the perils of investing in passive funds and also argued that investors should ignore the one-year return statistics of mutual funds. Worth a bookmark!
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Ahmedabad: The NSE Centre for Behavioral Science at IIM Ahmedabad is organizing its very first annual two-day conference on Behavioral Science in Management (BSIM) on April 9th and 10thvirtually. The conference shall be attended by experts from academia and industry across sectors.
The conference is one of its kind as it is serving as a platform for gaining nuanced perspectives on behavioral science research and its applications in various fields of management. It will also include paper presentations by researchers from universities and managers from companies, showcasing the latest behavioral studies in the fields of marketing, economics, finance and public policy. There will be many engaging discussions on issues in the Indian financial markets and services, aiding policy decision making, consumer and investor behavior, management practices and marketing strategies directed by behavioral insights.
Centre permits EPFO, provident fund trusts to invest in Bharat Bond ETFs
Prior to this, the government had launched four tranches of Bharat Bond ETFs two in December 2019 and two in mid-2020.
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The Union government on January 4, 2020, issued a notification allowing the EPFO and exempted provident fund (PF) trusts to invest money in units of public sector debt ETFs such as the Bharat Bond ETFs.
Prior to this, the government had launched four tranches of Bharat Bond ETFs two in December 2019 and two in mid-2020.
For the government, Edelweiss Asset Management manages the ETFs. These ETFs are allowed to invest in AAA PSU debt. Apart from this, the set expiry dates of these ETFs are 2023, 2025, 2030, and 2031 which have a collective size of around Rs 30,000 crore.