NSE’s index services subsidiary, NSE Indices, on Friday launched a new strategy index — Nifty500 Equal Weight — which represents an alternative weighting strategy to its parent index, the Nifty 500. It includes the same companies as the Nifty 500, however, weighed equally, an NSE press release said. The base date for the index is … Read more
Mumbai: Asset managers have lined up several new fund offers (NFO) unfazed by the outcome of the general election results on June 4. As many as 12 new fund offers are open or will be launched in the next fortnight. Motilal Oswal launched a multicap fund and JM Financial has started a small-cap fund to … Read more
Mumbai: Banks will have to set aside capital on thousands of crores of funds they lend to corporates, brokers, asset managers and even clearing houses during the day. The move would impact several private sector and foreign banks whose capital requirement would go up. Better known as intra-day credit lines – or ‘day-light overdrafts’ (DLOD) … Read more
Investors started trading in Bitcoin Exchange-Traded Funds (ETFs) in the US on Friday after the Securities Exchange Commission (SEC) allowed 11 asset managers, including BlackRock, Fidelity, Invesco, and ARK Investments to launch the product. This is considered a watershed moment for the crypto industry, which includes all kinds of digital currencies, including bitcoin, as investors … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) is re-examining its ‘Skin in the Game’ policy for the mutual fund industry that requires a wide section of executives at asset managers to put a fifth of their salaries in the products of their employer, a person with direct knowledge of the matter told ET. … Read more