Rs 25,000 crore fund should help ease realty distress, lift stocks

Rs 25,000 crore fund should help ease realty distress, lift stocks

In a long-awaited booster package for the realty sector, the government on Wednesday announced the setting up of a Rs 25,000 crore alternative investment fund (AIF), aimed at providing relief to developers with unfinished projects to ensure delivery of homes to buyers....
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Viewpoint | Should fund houses make good investment losses?

Viewpoint | Should fund houses make good investment losses?

There have been discussions recently on HDFC AMC providing ‘liquidity’ to a few Fixed Maturity Plans (FMPs) by agreeing to purchase the questionable exposure in certain Essel Group entities. This purchase comes in the background of increasing asset quality...
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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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