Budget 2018: LTCG tax seen impeding mutual fund investments

Budget 2018: LTCG tax seen impeding mutual fund investments

Budget 2018 also proposed to introduce 10% LTCG tax on gains accruing from equity and mutual fund investments exceeding Rs1 lakh per annum. Photo: iStockphoto Mumbai: The government’s move to impose tax on long-term capital gains tax, or LTCG tax, as...
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India will need at least $125 billion to fund renewables dream: Govt official

India will need at least $125 billion to fund renewables dream: Govt official

India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead. The nation...
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IIFL Investment Managers to raise $500 million real estate credit fund

IIFL Investment Managers to raise $500 million real estate credit fund

Mumbai: IIFL Investment Managers, the wealth and asset management business of IIFL Holdings Ltd, is launching its latest real estate debt fund with a target corpus of almost $500 million, said a senior executive of the firm. “We are launching a...
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PPFAS Mutual Fund board revises debt investment valuation policy

PPFAS Mutual Fund board revises debt investment valuation policy

The board of directors of PPFAS Trustee Co and PPFAS Asset Management Pvt Ltd has revised the “investment valuation policy” under section-II of debt and debt-related instruments of the fund house with immediate effect, the mutual fund said. The s...
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Sebi advisory panel plans to reduce mutual fund schemes by half

Sebi advisory panel plans to reduce mutual fund schemes by half

The Securities and Exchange Board of India’s mutual fund advisory panel has recommended strict definitions for mutual fund scheme, which might bring down the current schemes by as much as half. The capital markets regulator will enforce the new definitions.....
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Minnesota foundations create investment fund for financial, social returns

Minnesota foundations create investment fund for financial, social returns

A group of Minnesota foundations, convinced its money can yield strong financial returns while still contributing to a greater social good, has invested $17.1 million in a first-of-its-kind mutual fund to bolster affordable housing projects and small business ...
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