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The Supreme Court has directed Franklin Templeton to distribute Rs 9,122 crore among unitholders of the six wound up schemes in proportion to their respective holdings. The disbursement will be overseen by SBI Mutual Fund.
Nippon Mutual Fund has launched the NFOs for two Index Funds - Nippon India Nifty Midcap 150 Fund and Nippon India Nifty 50 Value 20 Fund. The NFOs close on February 12.
FM Nirmala Sitharaman announced some key reforms in her budget speech -
- CAPEX at Rs 5.54 lakh crores, Rs 2.23 lakh crores for healthcare and Rs 1.1 lakh crores for railways
- Strategic disinvestment of BPCL, Air India besides divesting 2 PSBs, 1 Insurance company and IPO of LIC
- Fiscal deficit at 9.5% of GDP for FY21
- Citizens over 75 years exempted from filing tax returns
RBI’s MPC maintained an accommodative stance and kept the repo rate & reverse repo rate unchanged at 4% and 3.35% respectively. GDP growth is projected at 10.5% for FY22.
The Supreme Court has directed Franklin Templeton to distribute Rs 9,122 crore among unitholders of the six wound up schemes in proportion to their respective holdings. The disbursement will be overseen by SBI Mutual Fund.
Nippon Mutual Fund has launched the NFOs for two Index Funds - Nippon India Nifty Midcap 150 Fund and Nippon India Nifty 50 Value 20 Fund. The NFOs close on February 12.
FM Nirmala Sitharaman announced some key reforms in her budget speech -
- CAPEX at Rs 5.54 lakh crores, Rs 2.23 lakh crores for healthcare and Rs 1.1 lakh crores for railways
- Strategic disinvestment of BPCL, Air India besides divesting 2 PSBs, 1 Insurance company and IPO of LIC
- Fiscal deficit at 9.5% of GDP for FY21
- Citizens over 75 years exempted from filing tax returns
RBI’s MPC maintained an accommodative stance and kept the repo rate & reverse repo rate unchanged at 4% and 3.35% respectively. GDP growth is projected at 10.5% for FY22.
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