The Hindu Business Line : Sunday, May 04, 2003

SEBI must borrow the SEC stick
TEN investment-banking firms in the US have been forced to cough up $1.4 billion by way of disgorgement of profits (taking away undue gains), as penalties and for funding independent research and investor education. These relate mainly to the ... More

TAKING COUNT

Income fund expenses: Investors stuck with high costs
AT A time when the returns generated by mutual fund income schemes are declining sharply, their expense ratios are proving to be sticky. With bond portfolios expected to earn about 6 per cent over a year, the high level of expenses could plunge ... More

SIMPLE ECONOMICS

Investing in fund of funds
SEBI has cleared the proposal for fund of funds in India. It is a mutual fund that invests in other mutual funds. Why invest in fund of funds? Suppose you have Rs 50,000 to invest. Will you prefer to invest it in just one fund? You may not ... More

TAX TALK

Handling short-term capital losses
I am a salaried employee. How is the short-term capital loss incurred by me going to be treated for tax purposes? Rakesh Reply At the outset it may be mentioned that the treatment of short-term capital loss for tax purposes will not ... More

NRI deposits and capital gains
IS interest from NRE deposits and NRNR deposits exempt in the hands of a non-resident? An assessee has filed a return showing a refund due from the department. This refund has still not been granted. The refund relates to one of the earlier years ... More

IN FOCUS

Steel revival package: Recasting to strengthen
THE domestic steel sector has had another dose of good news with the possible finalisation of the second tranche of the industry's debt-restructuring package. With the latest announcement, the Government has clearly signalled, and reiterated, ... More

FUND WATCH

MF asset information: AMFI must make them comparable
THE asset base of the mutual fund industry at the end of March 2003 has been placed at about Rs 79,500 crore by the Association of Mutual Funds of India (AMFI). The comparable asset base in March 2002 was at about Rs 1,00,500 crore, indicating ... More

COMMENT

Peer comparison beats benchmarks
A CURSORY look at the performance of balanced funds and income funds will tell you that almost all of them have outperformed their respective benchmarks. However, the benchmarks do not seem to be proving useful. Sample this. Alliance 95 ... More

AUTO FOCUS

Grand Vitara XL-7: Maruti times luxury drive right
SLOTH and the `we know the customer best' attitude are two characteristics that a company which is a market monopoly unfortunately tends to acquire. These stifle innovation and invariably lead to an erosion of market share. For quite some time, ... More

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