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Fund SIP flows see biggest monthly dip since DeMo

DNMUM409673 | 3/14/2018 | Author : Kumar Shankar Roy | WC :504

Mumbai: Money collected through mutual fund systematic investment plans (SIP) may have started showing the first signs of a slowdown. With the government proposing to impose long-term capital gains (LTCG) tax on equity mutual funds, industry body Association of Mutual Funds of India (Amfi) data shows that SIP contribution in February 2018 fell to Rs 6,425 crore, a drop of Rs 219 crore compared to Rs 6,644 crore mopped up in January 2018.
The numbers for February 2018 are important because this is the first month after Union Finance Minister Arun Jaitley while presenting the Budget announced the LTCG tax on equity mutual fund gains. The Rs 219 crore month-on-month (m-o-m) drop in SIP contribution at an industry level also has another s
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How homebuyers can effectively leverage financial creditor status
DNMUM416374 | 6/18/2018 12:00:00 AM | Author : Kumar Shankar Roy | WC :897

There have been high-profile insolvencies of many real estate and housing development companies across the country. Scores of homebuyers, particularly in NCR, have some relief as now they will be treated as financial creditors. Homebuyers are r
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‘We expect 11% CAGR for next couple of years’
DNMUM416376 | 6/18/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :979

Cochin Shipyard Ltd, which made a stellar market debut last year with its initial public offering subscribed 76 times, is in the process of expanding capacity. Its chairman and managing director Madhu S Nair, in an interview with Ateeq Shaikh,
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New Bill may stamp out ports’ TAMP woes
DNMUM416377 | 6/18/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :729

Mumbai: The Union government is giving another shot to replace the Major Port Trusts Act, 1963 with the Major Port Authority Bill and eventually pave way for the abolition of Tariff Authority for Major Ports (TAMP). However, the proposed measure has
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‘Doctor Insta is profitable at operational level’
DNMUM416378 | 6/18/2018 12:00:00 AM | Author : Ashish K Tiwari | WC :650

Since its inception in December 2015, Doctor Insta is a telemedicine / healthcare consultation platform operating on the web and as a mobile application on android and iOS devices. Backed by investors like RoundGlass Partners (Seattle, Wa
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