Sebi proposes uniform expense ratio for MFs to curb mis-selling

This means a fund house, for instance, will have to charge the same expense ratio for all its equity funds if this proposal goes through. So, if a mutual fund manages ₹50,000 crore in equity assets across 10 schemes, all of them must have the same expense ratio. Mutual funds currently have the flexibility to […]

A month on, Gautam Adani drops from 3rd to 38th in rich list

Gautam Adani is now placed at the 38th spot in the Forbes rich list, a far cry from the third position just before the Hindenburg report was published, which impacted his group’s stock prices. Currently, Adani’s net worth is estimated at $33.4 billion, according to Forbes’ real-time tracker, which is an erosion of over $85 […]

FPIs bullish on infra theme despite broader selloff

The prime reason for the FPIs’ sustained interest in the infrastructure stocks is the improving order prospects and revenue visibility of the companies. For instance, Larsen & Toubro, India’s largest infrastructure company, reported 14% year-on-year increase in prospective orders at Rs 4.9 lakh crore as of December 2022.

Zee Entertainment to be reinstated into F&O segment

NSE said on Monday the circular dated February 23 regarding the exclusion of F&O contracts on Zee stands withdrawn. “In addition to existing contracts with expiry months of March 2023 and April 2023, the futures and options contracts with May 2023 expiry shall also be made available for trading from February 28, 2023,” it added.

Sebi proposes uniform expense ratio for MFs to curb mis-selling

This means a fund house, for instance, will have to charge the same expense ratio for all its equity funds if this proposal goes through. So, if a mutual fund manages ₹50,000 crore in equity assets across 10 schemes, all of them must have the same expense ratio. Mutual funds currently have the flexibility to […]