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Fund houses plan retail-focused schemes at Gift City for overseas play
Fund houses plan retail-focused schemes at Gift City for overseas play

Business Standard

time6 days ago

  • Business
  • Business Standard

Fund houses plan retail-focused schemes at Gift City for overseas play

Mirae and Tata among fund houses set to offer retail schemes from Gift-IFSC as clarity on regulation and tax drives investor interest in overseas diversification Khushboo Tiwari Mumbai Listen to This Article At least five mutual fund houses, including Mirae Asset Investment Managers and Tata Asset Management, are planning to launch retail schemes in the Gift-IFSC to tap into non-resident investors (NRIs) and local individuals seeking overseas exposure. These would be the first retail schemes from the financial hub, which has so far seen rising interest from alternative investment funds (AIFs). While two fund houses have firmed up their plans for retail schemes and the launch is expected in the next few months, sources said that three more have approached the International Financial Services Centre Authority (IFSCA), a unified regulator for the

More relaxations on cards in Tuhin Kanta Pandey's second Sebi board meet
More relaxations on cards in Tuhin Kanta Pandey's second Sebi board meet

Business Standard

time6 days ago

  • Business
  • Business Standard

More relaxations on cards in Tuhin Kanta Pandey's second Sebi board meet

FPIs investing g-secs to get easier; voluntary delisting for low-float PSUs; facilitating co-investments in AIFs Khushboo Tiwari Mumbai Listen to This Article The Securities and Exchange Board of India (Sebi) could announce a series of regulatory relaxations in its upcoming board meeting on June 18. This would be the second meeting under the chairmanship of Tuhin Kanta Pandey. The likely changes include more leeway for foreign portfolio investors (FPIs) investing in India government bonds (IGBs), voluntary delisting of public sector undertakings (PSUs) with low public float and facilitating co-investments in alternative investment funds (AIFs) through a separate co-investment vehicle. The regulator is expected to introduce a new category of FPIs, termed IGB-FPIs, specifically for those investing in domestic government securities (g-secs) through

Street Signs: Nifty hits the 25K wall, SAT's gavel comes down hard, more
Street Signs: Nifty hits the 25K wall, SAT's gavel comes down hard, more

Business Standard

time01-06-2025

  • Business
  • Business Standard

Street Signs: Nifty hits the 25K wall, SAT's gavel comes down hard, more

The Securities Appellate Tribunal (SAT) will resume proceedings on Monday after a three-week summer recess Samie Modak Khushboo Tiwari Mumbai Listen to This Article Nifty hits the 25K wall, searching for a crack The Nifty 50 index ran into resistance at the 25,000 mark last week, failing to break through convincingly. The benchmark slipped 0.4 per cent to close at 24,751 as selling pressure intensified near the psychological threshold. Analysts expect the market to remain in a consolidation phase in the absence of fresh triggers. Dhupesh Dhameja, derivatives research analyst at Samco Securities, said the market remains on an upward trajectory as long as it stays above its 20-day exponential moving average, but the 25,100 level is proving hard to crack. 'A decisive breakout

Street Signs: Global cues to guide markets, Sebi's NSEL broker scheme
Street Signs: Global cues to guide markets, Sebi's NSEL broker scheme

Business Standard

time25-05-2025

  • Business
  • Business Standard

Street Signs: Global cues to guide markets, Sebi's NSEL broker scheme

Despite volatility in secondary markets, investors embraced two recent initial public offerings (IPOs). Sundar Sethuraman Khushboo Tiwari Mumbai Listen to This Article Global currents tug at India's market rudder The benchmark Nifty dropped 0.7 per cent last week after gaining 4.2 per cent the previous week. Investors remained uneasy as the House of Representatives narrowly approved US President Donald Trump's tax Bill. Long-dated US bond yields climbed amid mounting US debt concerns, prompting foreign portfolio investors (FPIs) to sell heavily in India. Rising yields make US bonds more attractive, leading FPIs to take money off the table from emerging markets, including India. According to provisional exchange data, FPIs offloaded nearly ₹11,590 crore last week. With the earnings season winding down, global cues

Street Signs: Fresh legs for Sensex relay, GIFT brokers eye global play
Street Signs: Fresh legs for Sensex relay, GIFT brokers eye global play

Business Standard

time11-05-2025

  • Business
  • Business Standard

Street Signs: Fresh legs for Sensex relay, GIFT brokers eye global play

Trent and Bharat Electronics (BEL) are likely to be added, while IndusInd Bank and Nestle India may be dropped from the 30-stock index, said an analyst Khushboo Tiwari Mumbai Listen to This Article Fresh legs for Sensex relay: Trent, BEL near baton pass The review period for the June rebalance of the BSE Sensex has ended, and changes are expected to be announced four weeks ahead of the June 20 effective date. According to Brian Freitas, an analyst at Periscope Analytics who publishes on Smartkarma, Trent and Bharat Electronics (BEL) are likely to be added, while IndusInd Bank and Nestlé India may be dropped from the 30-stock index. IndusInd also risks exclusion from the NSE Nifty 50 in September. Passive funds could buy shares worth ₹2,700 crore each in Trent and BEL, while

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