Page 20 - Ashley Coutinho

Overweight positions in banks, industrials helped HDFC: CIO Prashant Jain

Given this background, an outperformance of nearly 9 percentage points over the Nifty 100 benchmark is no small feat

Street signs: Corporate tax cut, domestic hedge funds seek relief, and more

Even after the surprise reduction in corporate tax, select large-caps have been outperforming the broader markets this year

India-dedicated funds pull out over $3 billion so far this year: EPFR data

Global emerging market (GEM) funds saw outflows to the tune of $868 million, paring the 2019 inflows by these funds to about $181 million

Excess surcharge paid by FPIs to be adjusted in future tax payments

The higher tax paid would depend on the quantum of individual FPIs' selling during the past two months and the gains realised

Limited liability partnerships may lose sheen as new tax rates kick in

The basic tax rate for companies has been reduced to 22 per cent from 30 per cent earlier, and that for new domestic manufacturing companies has been cut to 15 per cent

Mutual funds deploy dry powder as corporate tax cut boosts sentiment

Five of the top 10 mutual funds by equity value are holding cash in the range of 8-11 per cent, a reasonably high number

Relief for FPIs: Capital gains on debt securities now exempt from surcharge

The announcement comes a month after the surcharge on income earned from equities and derivatives was scrapped

Arbitrage funds are gaining favour as investors flock to safety: Experts

Arbitrage funds work by exploiting the price differential between the cash and the futures markets

Street signs: ITDC shares, delivery-based volumes on the rise, and more

Shares of India Tourism Development Corporation (ITDC) have zoomed 50 per cent in the past four trading sessions

Hindustan Unilever emerges front-runner for Dinshaw's Dairy Foods

Negotiating all-cash deal at Rs 1,000 crore, which is two times its FY19 sales

Industry group pitches for removal of surcharge on category III AIFs

Pass-Through status for category III funds has been a long-pending industry demand

Rupee fall gives leg up to IT, pharma funds, may help ease margin pressure

IT and pharma funds have returned 4.4% and 1.77% in the past month, respectively

Street signs: Gruh Finance shares, Nifty may consolidate in Sept, and more

The rollback of surcharge hike on FPIs has boosted share prices of a number of Nifty 100 companies

India-dedicated funds pull out $653 million in July, shows EPFR data

Assets under management (AUM) of India-dedicated funds have slid by about a fifth in the past year

Sebi exonerates three former executives of NSE in co-location case

The regulator said it was up to the exchange to fix accountability on employees, and take action as it deemed fit and appropriate

Category III AIFs may turn to GIFT to move past surcharge hurdle

Category III AIFs registered as FPIs in GIFT will still have to pay tax at 30 per cent on derivatives gains

Govt's reform push: Business income may also see surcharge relief

Taxes had risen for foreign portfolio investors (FPIs) and others following surcharges introduced in the Budget

Sebi's move to ease norms for FPIs likely to attract West Asian banks

Doing away with the need for broad-basing of funds is expected to attract several new offshore funds to the country

Investors play safe, shift to large liquid schemes after IL&FS crisis

Overall liquid assets have risen despite 23 of the 43 fund houses having witnessed a dip in liquid assets over the past year. This shows preference by investors towards larger fund houses

Equity schemes in the red following poor show, regulatory changes

Negative returns reflect sombre mood, especially slump in mid-cap and small-cap stocks