A Bitcoin ETF is expected to make buying and selling Bitcoin easier through the stock market
The government has exempted units of investment trusts and ETFs issued by entities based in GIFT City or traded in exchanges there from capital gains tax. The Central Board of Direct Taxes (CBDT) notified the exemption from capital gains tax any unit of investment trust; a unit of a scheme; and a unit of an Exchange Traded Fund (ETF) launched under the International Financial Services Centres Authority (Fund Management) Regulations, 2022. Gujarat International Finance Tec-City (GIFT)-IFSC is being promoted as a tax-neutral enclave for the financial sector. Nangia Andersen LLP Partner-Financial Services Sunil Gidwani said currently, the law provides for exemption from capital gains tax on various securities either trading on the stock exchanges in GIFT city or securities issued by entities set up in GIFT city. "The new fund regime provides for funds to be set up as investment trusts, and hence, the law required the inclusion of units issued by such trusts for the purpose of exemptio
The report is based on MF portfolio data of only the active market-cap based schemes like largecap, smallcap and multicap
Edelweiss MF has merged the ETF with Bharat Bond ETF 2025 post maturity on April 17
Passive trackers likely to sell 67 mn shares; another 1.35 bn could be offloaded by individual investors
The new methods include transfer of shares held by promoters to an ETF run by a Sebi-registered MF, exercising options and allotment of shares under ESOP programmes
Adverse feedback could lead to reduction in weightage of Adani stocks in MSCI indices
Year-to-date, 53% of thematic funds are underwater since their inception. Launches in 2022 have slowed to 38 from the 77 seen in the previous year, while closures have picked up to 20 from five
The government will launch the fourth tranche of Bharat Bond ETF, India's first corporate bond exchange traded fund, from Friday. The new fund offer of the ETF will open on December 2 and close for subscription on December 8, Edelweiss Mutual Fund, which manages the fund, said in a statement on Thursday. The funds raised would be utilised for undertaking capital expenditures by central public sector enterprises (CPSEs). This new Bharat Bond ETF and Bharat Bond Fund of Fund (FOF) series will mature in April 2033. Through the launch of this new series in the fourth tranche, the government proposes to raise an initial amount of Rs 1,000 crore with a green shoe option of Rs 4,000 crore. In December last year, the government had launched the third tranche with a base issue size of Rs 1,000 crore. It was over-subscribed 6.2 times with bids worth Rs 6,200 crore coming in. The maiden offering of Bharat Bond ETF was launched in 2019, helping CPSEs raise Rs 12,400 crore. In the second and
The year hasn't been kind to the ETF and growth-centered products as the Federal Reserve raises rates to knock down scorching levels of inflation
Average AUM for industry rose to Rs 39.5 trn, compared to Rs 37. 8 trn in July
Index inclusion comes after the 'best has played out for the stock' is an overarching concern
As per industry data, so far, Aditya Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund and Nippon India Mutual Fund have launched silver ETFs
From investing in traditional instruments, the Employees' Provident Fund Organisation (EPFO) has been exploring the virtues of markets for a while now. Is the statutory body's move bearing fruits now?
Three experts explain how planning and patience can you give the cushion of savings, investments, and cash on hand
Market players seek clarity from exchanges on the exclusion rule
They are more transparent and control both interest-rate and credit risk
Sebi's plans will offer more options to investors
Industry players expect assets to double in five years
New investors are better off picking diversified offerings