How the once mighty Singh brothers fell from grace



From Ranbaxy to Religare, Aashish Aryan takes you through a maze of legal cases involving Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh. Both are in police custody following a complaint of fund siphoning.



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Despite mkt volatility, investors keen on equity NFOs



The number of equity schemes rose to 562 from 519 two years ago. Equity NFOs, in fact, have mopped up more than Rs 16,000 crore since 2018 – 2.7 times the Rs 5,948 crore collected in the preceding three calendar years.



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Time to dump badly performing most value funds?



‘One reason why value funds have done poorly is that the Securities and Exchange Board of India’s (Sebi’s) recategorisation circular only says that the fund should follow a value investment strategy, with a minimum 65 per cent in equity and equity-related instruments but does not impose market cap-related limits,’ says Sanjay Kumar Singh.



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Why retail investors prefer FDs over T-bills, g-secs



Stockbrokers say that lack of a secondary market is the biggest reason why retail investors have stayed away from these instruments, reports Tinesh Bhasin.



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A bureaucrat's transfer



Why did the government think it was necessary to shift Subhash Garg from the finance ministry to the power ministry? More importantly, why did Garg let it be known a day after his transfer that he had sought voluntary retirement from government service, asks A K Bhattacharya.



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Sebi warns MFs on 23 lapses in FY17



Sebi pointed out instances of misleading the investors by reporting incorrect data on investor complaints, instances of inappropriate utilisation of funds meant for investor education, such as spending on programmes meant for financial advisors, charging of expenses to the said funds for stationery items such as notebooks, planners and calendars, and charging of expenses without adequate records.



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