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Sebi mulls easing executive remuneration disclosure norms for AMCs
Markets regulator Sebi on Wednesday proposed easing executive remuneration disclosure requirements for asset management companies (AMCs) by replacing individual name-wise disclosures with consolidated disclosures, citing industry concerns over privacy and competitive disadvantages. "This would provide a holistic and structured view of senior management compensation, enabling unitholders to assess the overall quantum of remuneration at the senior management level, while aligning the level of disclosure with considerations of materiality and proportionality," Sebi said in its consultation paper. Currently, mutual fund AMCs are required to disclose on their websites the remuneration of chief executive officers (CEOs), chief investment officers (CIOs), chief operating officers (COOs), the top 10 highest-paid employees, and all employees earning at least Rs 1.02 crore annually or Rs 8.5 lakh per month if employed for part of the year. Sebinoted that while listed AMCs are already subject
Tata Mutual Fund Curbs Large Inflows Into Gold ETFs Amid Record Surge in Demand
Tata Mutual Fund offers investors two routes to gain exposure to gold ETFs.
Looking to buy? These 3 stocks deserve a spot in your portfolio; know why
Aakash Shah, technical research analyst at Choice Equity Broking, is bullish on the shares of Finolex Cables, Grindwell Norton, and Silver Touch
Silver Slumps Nearly 7% To Below $70/Ounce; Gold Tumbles 5% On Fed Pivot Jitters; Check MCX Rates
The sudden decline comes after job growth in America exceeded all expectations with nonfarm payrolls increasing to 172,000 and the unemployment rate holding steady at 4.3%.
BIS plans phased move towards mandatory silver hallmarking
The Bureau of Indian Standards is studying mandatory hallmarking for silver. This move aims to ensure purity for buyers. Silver hallmarking is more complex than gold due to its diverse market. BIS is proceeding cautiously to set systems right before implementation. Mandatory hallmarking will be introduced gradually. The number of hallmarked silver articles is increasing.
ET Alpha Wealth Summit: A 12% return is a really good job in markets, says HSBC MF CEO Kailash Kulkarni
HSBC Mutual Fund CEO Kailash Kulkarni urged investors to keep return expectations realistic, saying a 12% annual return is a strong outcome in equity markets. Speaking at the ET Alpha Wealth Summit, he highlighted export-led manufacturing as a key long-term opportunity and said AI could empower retail investors through better access to information.
Gold, silver edge lower amid West Asia uncertainty and Fed watch
Gold and silver prices slip as investors track West Asia tensions, US data, and Federal Reserve signals on interest rates, with SPDR Gold Trust holdings easing.
MCX launches ‘Silver 100’ futures from June 1, offering smaller-ticket silver exposure: All you need to know
Silver 100 contracts will be compulsorily settled through physical delivery, with Ahmedabad designated as the delivery centre through MCX Clearing Corporation-accredited facilities. The delivery unit has been fixed at 100 grams.
PB Fintech sees Rs 665 crore block deal as founders pare stake; Goldman among other top funds buy
PB Fintech founders Yashish Dahiya and Alok Bansal sold 38 lakh shares worth Rs 665 crore in a block deal. The shares were purchased by various institutional investors, including Goldman Sachs and Tata Mutual Fund, following the company's recent performance.
Gold, silver may remain rangebound as US-Iran talks near key stage
Gold prices are likely to remain range-bound in the coming week as traders await more clarity on the evolving US-Iran negotiations, while silver is expected to retain a positive bias amid persistent geopolitical uncertainty and elevated energy rates, analysts said. Apart from geopolitical developments, investors will also track US housing data, GDP numbers, consumer confidence readings and Personal Consumption Expenditure (PCE) inflation data for further clues on the Federal Reserve's policy outlook, they added. "Gold price momentum next week looks sideways, while silver still looks positive as focus will again be on the peace negotiations between the US and Iran to end the war," said Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd. Domestic futures markets will remain closed during the morning session on Thursday for Bakri Id. Gold futures rose marginally to close the previous week at Rs 1.58 lakh per 10 grams, while silver edged lower ..
Titan shares a golden compounder? Why Morgan Stanley thinks Tata Group stock could rally to Rs 5,182
Morgan Stanley has named Titan Company its top pick, calling it 'The Golden Compounder'. Recent concerns about regulatory restrictions have overshadowed the company's strong performance. Despite a recent duty hike on gold and silver, Morgan Stanley sees an attractive entry opportunity. Nomura also believes the impact on Titan is manageable. Organized players are expected to gain market share.
Sebi may allow third-party payments in mutual funds, ease transaction norms
The proposal marks a departure from current regulations that require that all mutual fund transactions must happen with the investor’s verified bank accounts, to enable maintenance of a digital trail.