News

India`s currency in circulation falls further post RBI currency withdrawal move  India's currency in circulation dropped for a second consecutive week after the central bank withdrew the country's highest value currency note in May, advising people to deposit those with various banks and hoping to help lender deposits in the process. Currency in circulation was down by 272.8 billion rupees ($3.30 billion) for week ended June 2, data from the Reserve Bank of India (RBI) on late Wednesday showed. It was down by 364.9 billion rupees in the week ended May 26....
India`s currency in circulation falls further post RBI currency withdrawal move
India`s currency in circulation falls further post RBI currency withdrawal move
Source: Reuters
8/06/2023 9:02:59 AM
TRUST Asset Management launches TRUSTMF Corporate Bond Fund Mumbai :TRUST Asset Management today announced the launch of its New Fund Offer (NFO) – the TRUSTMF Corporate Bond Fund, which aims to seek benefit fromcurrently elevated high yields at the shorter end of the yield curve. Currently, TRUST Mutual Fund offers five fixed-income products. The TRUSTMF Corporate Bond Fund is the sixth addition to TRUST Mutual Fund’s Fixed Income product portfolio.The NFO opens for subscription on 09th January 2023 and will close for subscription on 1...
TRUST Asset Management launches TRUSTMF Corporate Bond Fund
TRUST Asset Management launches TRUSTMF Corporate Bond Fund
Source: PR Agency
11/01/2023 12:29:03 PM
Mirae Asset Acquires Grade-A Warehousing Space in India Mumbai - Mirae Asset Credit Opportunities Fund has announced its outright acquisition of a pre-leased Grade A industrial asset at Bhiwandi, MMR for INR 130 Crs. The industrial property, housed in the 160-acre K-Square Integrated Industrial Park and spreads over 9 acres, has been acquired from Prakhhyat Group. As Mirae Asset Investment Group’s first acquisition under its India-focused funds allocation for high-grade Indian real estate opportunities, this transac...
Mirae Asset Acquires Grade-A Warehousing Space in India
Mirae Asset Acquires Grade-A Warehousing Space in India
Source: PR Agency
6/01/2023 12:25:23 PM
After years of getting a raw deal, savers savour interest rate hike For savers, it's a long-awaited win. After years of making virtually nothing on their bank accounts and FDs, savers are finally getting closer to keeping up with inflation. Investors are also getting rewarded with higher interest payments for buying newly issued bonds. This is a good time to lock into high yields. Vishal Chandiramani, Managing Partner, Products, and COO, TrustPlutus Wealth, said with inflation picking up globally due to reasons such as supply chain bottlenecks, the Rus...
After years of getting a raw deal, savers savour interest rate hike
After years of getting a raw deal, savers savour interest rate hike
Source: IANS
27/11/2022 4:31:25 PM
Our strategy would be to invest in 6 months papers and hold them to maturity: Sandeep Bagla Sandeep Bagla, Chief Executive Officer, Trust Mutual Fund, said given the steepness in the curve, moderate rate hikes should not reduce the investor returns if one holds for more than three months. Our strategy would be to invest in six months papers and hold them to maturity, he adds. Q. Recently you have launched money market fund, will you please provide some details? And how do you think this fund will provide reasonable returns to investors? A: We have recently launched the TR...
Our strategy would be to invest in 6 months papers and hold them to maturity: Sandeep Bagla
Our strategy would be to invest in 6 months papers and hold them to maturity: Sandeep Bagla
Source: IANS
4/08/2022 12:58:21 PM
RBI may hike 25-50 basis points at monetary policy meeting next week  The Reserve Bank of India's (RBI) rate-setting committee is likely to hike 25-50 basis points in repo rate in the monetary policy meeting to be held between August 3-5, according to the estimates of various fund managers and economists. Economist and fund managers are of the mix view on the policy stance. Few are expecting stance will be change to 'Neutral', while some says 'Withdraw of accommodative stance could persist'. "We expect 40-50 bps hike in repo...
RBI may hike 25-50 basis points at monetary policy meeting next week
RBI may hike 25-50 basis points at monetary policy meeting next week
Source: IANS
30/07/2022 2:45:46 PM
Sebi`s Swing Pricing Rules By Mr. Sandeep Bagla, TRUST Mutual Fund Below is Comment on Sebi's Swing Pricing Rules By Mr. Sandeep Bagla, CEO,TRUST Mutual Fund "The Swing price feature is quite common in the developed markets, and has been now been introduced in the Indian MF space. The swing price feature aims to protect the existing investors from the impact cost incurred by the scheme due to large exits from the fund, at times of market disruptions.  It is a good measure which protects investors from short term market volat...
Sebi`s Swing Pricing Rules By Mr. Sandeep Bagla, TRUST Mutual Fund
Sebi`s Swing Pricing Rules By Mr. Sandeep Bagla, TRUST Mutual Fund
Source: PR Agency
30/09/2021 2:32:52 PM