May Newsletter - 2020
- Mitraz Financial
- Jul 2 2020
FINANCIAL NEWSA committee appointed by the Reserve Bank of India (RBI), headed by the chief executive of Indian Banks’ Association (IBA) and consisting of representatives from all stakeholders, except bank customers, has recommended an increase in interchange charges for all transactions carried out on automated teller machines (ATMs) across the country. The committee also wants to cap cash withdrawal limit at Rs.5,000 per transaction and levy charges for any larger amount.The Union government...
The age of rumour and negative information - Market Commentary
- Satish Anand
- May 26 2020
Globally, News continues to be dominated by things about and related to Coronavirus.In this edition of the newsletter, we have covered:Important aspects of Health Insurance during COVID timesThe dynamics behind the negative oil price in the US on 21st AprilThe rights of a nominee with relation to assets of the deceased.India’s plan to create a manufacturing alternative to ChinaSteps taken by RBI to ensure liquidity in the Debt MarketsThe link to the April Newsletter is at the end of this article.Please...
April Newsletter - 2020
- Mitraz Financial
- May 26 2020
Financial News SEBI relaxes buyback regulation to enable the quicker raising of funds in times of the coronavirus pandemic. Currently, the buyback regulation disallows fresh raising of capital for a period of 1 year from expiry of the buyback period. SEBI has with immediate effect, reducing the 1 year period to 6 months applicable till Dec 31st 2020.SEBI on April 30th gave a three-month extension till June 30 for liquid funds to comply with the requirement of holding at least 20% of their assets...
March Newsletter - 2020
- Mitraz Financial
- Apr 22 2020
FINANCIAL NEWS EPFO subscribers can withdraw the lower of 75% of their savings or up to a maximum of three months' basic pay and dearness allowance from their PF account - during the current Coronavirus scare. However, the withdrawn amount cannot be reinvested into the corpus after the current situation is over. Unlike, other EPF withdrawals which take anywhere between three days to three weeks, request of withdrawal under the new pandemic rules of the pension fund will be honoured within three days....
"Whatever it Takes" When, how, and how much – recovery?
- Satish Anand
- Apr 22 2020
In this edition, we have covered:Tax Harvesting methods and detailsThe FM's Relief Package for the poorRBI's yet another out of the box effort to ease the credit crunch in the systemHigher weightage to India in the Morgan Stanley Composite IndexLink of the March Newsletter - 2020 at the end of the blogMarket commentary and our take on the current situationThere is a certain unquantifiable fear and because fear is unquantifiable, therefore the aversion by retail investors to believe that whatever...
February Newsletter - 2020
- Mitraz Financial
- Mar 12 2020
SEBI Announces Amendments To Investment Advisers RegulationsSEBI has barred the use of titles like independent "financial advisers" or "wealth advisers" by those dealing in the distribution of securities unless they are registered as investment advisers also. As per SEBI, an individual adviser cannot provide distribution services, while firms would need to segregate advisory and distribution activities at the client level. SEBI has also proposed a cap on the advisory fees. A detailed circular from...
FINANCIAL NEWS
- Mitraz Financial
- Jan 6 2020
With effect from Jan 1st 2020, Sebi has asked Registered Investment Advisors to do proper risk profiling of clients and obtain their consent on the same before providing any advice. The regulator also restrained investment advisers from providing a free trial for any product and service.From January 2020, as mandated by the Securities Exchange Board of India, retail investors will have to maintain deposit money with their stockbrokers to buy or sell shares. Institutional investors have been exempted...
Know your Risk Profile in and with 20/20 - Happy New Year 2020!
- Anup Bansal
- Dec 31 2019
Another year is going by and we all are ready to welcome the New Year 2020. The start of the new decade will see Mitraz reaching and celebrating an important milestone – a decade long existence since 2010.The Year 2019 started with high expectations about market recovery which were further elevated after a bigger mandate for BJP in Lok Sabha Elections in May 2019. However, the euphoria was short-lived with budget dampeners, GDP falling to 4.5% during July – Sep quarter and high unemployment....
July Newsletter - 2019
- Mitraz Knowledge
- Jul 31 2019
FINANCIAL NEWSThe Supreme Court on July 23rd delivered its verdict on the stalled projects of the Amrapali Group and has cancelled the RERA registration of the Amrapali Group. They have asked National Buildings Construction Corporation (NBCC) to complete all the pending projects of the group, thus giving respite to over 42000 home buyers. The apex court pointed out that Noida, Greater Noida authorities and bank had colluded with the group to the detriment of homebuyers. The court also directed the...
April Newsletter - 2019
- Mitraz Knowledge
- Apr 30 2019
FINANCIAL NEWSSEBI clarified that trail commissions can be up-fronted for systematic investment plans of up to Rs 3,000 per month, per scheme, for first-time investors in mutual fund schemes. SEBI had earlier asked the asset management companies (AMC) to adopt full trail model of commissions in all schemes while allowing upfronting of trail commission only in case of inflows through systematic investment plans (SIPs).The RBI raised the investment limit for FY 2019-20 for foreign portfolio investors...
