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Mahindra Manulife Mutual Fund launches short term debt fund


Mahindra Manulife Mutual Fund launches short term debt fund
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Last Updated: Feb 09, 2021, 03:08 PM IST
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Mahindra Manulife Mutual Fund has launched Mahindra Manulife Short Term Fund, an open ended short term debt scheme investing in instruments with macaulay duration between 1 and 3 years.
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Mahindra Manulife Mutual Fund has launched Mahindra Manulife Short Term Fund, an open ended short term debt scheme investing in instruments with macaulay duration between 1 and 3 years. The New Fund Offer opens on February 9 and closes on February 16. The scheme will reopen for continuous sale and repurchase from February 25, 2021.
According to the fund house, the scheme is suitable for investors looking for a balance of safety, liquidity and yield with a 1-3 year horizon. It is also suitable for those seeking an alternate to traditional investment options that have the potential to deliver better risk adjusted returns. The scheme ....

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Finance Ministry kickstarts Budget making exercise amid COVID-19 pressure


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Highlights
The economy is projected to contract by a massive 10.3 per cent this year, according to an IMF forecast
Even the Reserve Bank of India expects the economy to shrink by 9.5 per cent in the current financial year
As per the finance ministry schedule, the nearly one-month long exercise to finalise the Revised Estimate for 2020-21 and Budget Estimate for 2021-22 began today
New Delhi: The Finance Ministry on Friday kicked off the exercise to prepare the annual Budget for 2021-22 amid the urgency to push economic growth hit by the COVID-19 pandemic.
The upcoming Budget will be crucial for the country as it will have to deal with the impact of the pandemic which has affected all segments of the economy, including revenue collection, disinvestment, expenditure, exports, and food prices. ....

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Why ASX banks are licking their lips right now


Why ASX banks are licking their lips right now
Tony Yoo | December 16, 2020 8:56am |
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Image source: Getty Images
Despite near-zero interest rates, the big ASX-listed banks have some excellent news to see in the new year.
Evidence from multiple sources is showing that the housing market is heating up for a massive post-COVID surge.
“It seems likely that residential property transactions will increase by a quarter in 2021 as, in addition to homebuyers, we’re now seeing property investors also returning to the fold lured by the prospect of neutral-to-positively geared investments,” said BuyersBuyers.com.au chief operating officer Pete Wargent. ....

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