The use of TREPS is becoming increasingly widespread, and as per PrimeMFDatabase, 89.71 percent of equity schemes had exposure to cash equivalents like TREPS, CBLO (Collateralized Borrowing and Lending Obligation), or reverse repos in July. In just two months, 18 additional equity schemes have begun using these instruments to manage cash positions. Mutual Funds…
Under the Bill, no bank or financial institution will be allowed to permit transfer of funds for online money gaming. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Online Gaming Bill, which makes online betting a punishable offence. Sources told Business Today TV that the government will ban all “money-based…
The advisable approach to debt funds is to match the portfolio maturity of the fund with your investment horizon. Two key events last week – Trump’s 50 percent tariff on Indian imports and the Reserve Bank of India’s (RBI) status quo on repo rate – are bound to get retail investors thinking about their debt…
Check how much you need to maintain in HDFC, SBI, Kotak Mahindra, among other private and public sector banks’ savings accounts amid ICICI Bank’s move to hike its minimum balance requirement to ₹50,000/month for its metro and urban branches. Minimum balance rule in banks: Banks in India have different slabs of monthly account balance…