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This is a welcome relief for fixed income investors as rates have remained unchanged for the previous two quarters.
The reduction in the TER could cause losses for large fund houses by up to 12 per cent, but will ultimately be of the utmost benefit to the investors.
The Securities and Exchange Board of India (SEBI) is planning a major overhaul in terms of expense ratio on mutual funds investment.
"We see this as potential negative for the currency beyond the very near term," the report said.
In 1947 when we became independent a rupee was equivalent to 1 US dollar. Today, it's crossed 72, and it's worrying all of us!
With rupee crossing 72 against the dollar, wondering whether prices of televisions, refrigerators, etc. are set for another round of price hike?
Credit ratings are an important parameter to consider while investing be it in fixed deposits (FDs), company deposits, NCDs or other investments.
An inflation rate of 3.5% (+/- 1%) is considered healthy for the economy.
In India, only the iPhone SE has been discontinued for now. Others are available at lower prices, for now.
Amazon Pay runs the technology major’s e-wallet and payments business here in India.
