Issue of 22nd Feb-28th Feb 2019
LEAD ARTICLE
financial magazines online
Were the Debt Problems Unexpected for MFs? – I: The Aditya Birla Sun Life Case
Over the past six months, one by one, several large investments of debt schemes of a few fund houses have gone bad or are about to go bad. These include investments in group companies of Infrastructure Leasing & Financial Services (IL&FS), (IL&FS Tamil Nadu Power, Jharkhand Road Project, IL&FS Education, etc. Large investment in holding... Read More
CROSSHAIRS
One 11 February 2019, three entities of the Anil Ambani group wrote a letter to Ajay Tyagi, chairman of the Securities and Exchange Board of India (SEBI), demanding an investigation into the decision by Edelweiss group to sell shares of Reliance Power Limited (RPL) that were pledged with it...
STOCKS
This is the fourth part of our Wealth-creators (WCs) series. In case you missed the earlier parts, read here: Part-1, Part-II and Part-III. In the previous issue, we discussed the top-100 wealth-creating stocks of the decade ended November 2018. Now, we will discuss the next-100 stocks of the...
Clinton Fernandes
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Pratibha Kamath
In the 1950s, a doctor couple specialising in eye-care, from a medical college in Jaipur, happened to visit their parents at the Aurobindo ashram in Pondicherry in south India. While crossing the metropolitan city of Madras (now Chennai) with about a hundred rupees in their pockets, they were...
Moneylife Digital Team
MUTUAL FUNDS
In January 2019, Axis Bank and HDFC Bank were the most preferred stocks of Indian mutual funds. The net purchases of Axis Bank were Rs1,476 crore, of which Reliance Mutual Fund made net purchases worth Rs431 crore. Mahindra & Mahindra and Tata Steel were the most sold stocks. The net sales of...
Moneylife Digital Team
Aditya Birla Sun Life (ABSL) Mutual Fund (MF) has also launched a retirement scheme, closely following the launch of a similar scheme by ICICI Prudential MF. ABSL Retirement Fund is an open-ended retirement solutions-oriented scheme, coming in four variants, with a lock-in period of five...
Clinton Fernandes
FIXED INCOME
Muthoot Finance, a non-banking finance company (NBFC) known for providing personal and business loans against gold or gold jewellery, plans to raise Rs750 crore through an issue of secured non-convertible debentures (NCDs). Subscriptions to the NCD commenced on 14 February 2019 and will end...
Moneylife Digital Team
SMART MONEY
Our markets have become very exciting. Each day, a new stock falls victim to discovery of impropriety in the company or the promoter or management or some regulatory action. In such situations, stocks fall sharply because nobody wants to buy into uncertainty, that too when there are questions...
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