The change in debt fund taxation earlier this year has nudged fund houses like Kotak Mutual Fund to launch asset allocation funds with an equity tax advantage. The funds invest in multiple asset classes and then switch between them, depending on the fund manager’s strategy to ride market volatility and opportunities it presents.
In an out-of-turn press conference aimed at giving a performance report on some of the market regulator s internal machinations, SEBI chief Madhabi Puri Buch said faster clearances and better implementation are SEBI’s path forward with an aim to aid in India s capital formation.
Sensex, Nifty to see flat opening amidst mixed global cues
July 01, 2021
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Stocks to watch out for today: Ramco Cements, Sakthi Sugars, Embassy Office Parks REIT, Lupin, Triveni Engineering, and Macrotech Developers. Domestic markets are expected to open in a narrow range on Thursday, as signals from global markets are mixed. Investors have also turned cautious on the back of rising new variant of Covid-19 and ahead of second first-quarter results of FY22, said market men. Currently, SGX Nifty is ruling at 15,769.80, almost at the same level of Nifty futures Wednesday s closing of 15,752.15.
The US stocks overnight ended on a mixed note with Dow, S&P-500 edging up 0.61 per cent and 0.21 per cent respectively, while tech-heavy Nasdaq fell 0.17 per cent. In Thursday s morning trade, equities across Japan, Hong Kong, China, South Korea and Australia are down even as Taiwan market is ruling firm.
Embassy REIT intimates of reduction in lot size for trading business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.