Page 15 - Ashley Coutinho

Street signs: Derivatives unwinding scare, Sebi's FPI division, and more

Sebi has directed the NSE to divest its entire holding in CAMS. Once that happens, it remains to be seen if CAMS would later opt to list on the bigger exchange

Three Fourths of PMS strategies beat returns of 2.8% by Nifty50 in August

The mid-cap category returned 8.1%, higher than the Nifty MidCap 100's 7.8%

Morningstar shifts to debt, says valuations for Indian equities stretched

The firm believes that investors are relying on the benefits of future growth opportunities to stoke returns, which may not be good investor behaviour

New margin norms to hit traditional brokers, more suited for online brokers

Uncertainty over outstanding F&O positions where margins given under erstwhile system

Bombay HC directs UTI AMC to include staff liabilities in IPO prospectus

The liabilities could amount to Rs 1,250 crore, with bulk arising out of pension dues to 1,200-odd former employees, as per estimates by staff associations

Global markets ignoring current, potential negatives: HDFC Securities CEO

Dhiraj Relli, MD and CEO of HDFC Securities says that a weak dollar could help improve India's trade and current account situation and FPI flows

Indian MFs turn to global funds for better yields, reduction of home bias

Financial planners recommend setting aside 5 to 10 per cent of one's portfolio in international funds

Family companies weathering Covid-19 pandemic storm better than peers

Such businesses outperform non-family firms by 3% in first six months of CY20, says Credit Suisse report

Cloud over banks, NBFC stocks as moratorium ends and NPA concerns weigh

Impact of rising bad loans may become discernible only in the second half of FY21. This may hurt asset quality and earnings growth, particularly of small and medium-sized banks

Sebi extends easier processing norms for FPI registrations, citing lockdown

Regulator, earlier this year, allowed custodians to furnish scanned documents instead of originals for FPI registrations

Street signs: Scarcity premium for banks, new pledging system & more

The investment legroom for FPIs in HDFC Bank, Kotak Mahindra Bank, and IndusInd Bank has reduced, according to index provider FTSE, which has dropped these stocks from some of its indices

Extend easier FPI compliance norms by three months, custodians tell Sebi

Sebi had allowed custodians to furnish scanned documents instead of originals for FPI registrations in the backdrop of the pandemic. The relaxation was given till June 30 and later extended to Aug 31

Securities brokers bench their branch office, court customers online

Trades through mobiles accounted for a fourth of transactions on NSE in July

Fund managers may shift attention towards accrual funds for higher yields

According to experts, the yield curve has steepened quite a bit, implying that the market is already discounting future rate hikes

Difficulty in beating index a sign of maturity of Indian markets: Expert

"Mid caps and small caps are much more exposed to the uncertainties related to the pandemic, so it would be harder to find value and avoid mistakes"

High networth individuals flee mutual funds, run to direct equities

In the equity category, HNIs have shown a preference for investing directly in equities instead of through mutual funds

Foreign investors of AIFs in IFSC given exemption from furnishing PAN

This was a long-standing demand from foreign investors wanting to pool money at IFSC, instead of other offshore jurisdictions

Decline in equity flows may push up asset size needed by AMCs to break even

June saw equity inflows taper to Rs 240 crore, while July saw outflows of Rs 2,480 crore, the first time in four years

All but two PMS schemes post gains in July, but most underperform Nifty

Only 25 per cent of the 180 schemes under consideration managed to beat the 7.5 per cent gains posted by Nifty 50

Equity MFs witness outflows after 4 years amid Covid-19 uncertainty

Outflows stood at over Rs 3,500 crore in July as investors took advantage of market rebound amid Covid uncertainty