Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: empanelment :: cpt :: VAT Audit :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT RATES :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd
 
 
Mergers and Acquisitions »
 Building market institutions can help M&As move faster
 How corporate mergers and acquisitions impact small investors
 Merger control triggers and thresholds in India
 Centre eases pre-merger filing normsa
 Mergers and Acquisitions in Indian banking sector not threat for fintech players
 This part of our journey is value discovery: Kumar Mangalam Birla
 Health care mergers, acquisitions lead surge in global deals
 Tata Teleservices could be acquired by Airtel as India heads towards four-operator market
 Deals of the day-Mergers and acquisitions june 28, 2017
 Why is Avendus Capital behind most large e-commerce deals in India?
 India one of most attractive merger and acquisitions destinations in Asia.

Mergers of mutual fund schemes is in vogue
July, 11th 2012

Mutual funds are embracing the practice of merging one mutual fund scheme into another. Sundaram Mutual Fund has announced merger of Sundaram India Leadership Fund into Sundaram Growth Fund. Another such move has come from public sector player - SBI Mutual Fund. SBI One India Fund will be merged into SBI Magnum Equity Fund. Value Research, a mutual fund tracking entity has assigned four star rating to SBI Magnum Equity Fund and has not rated SBI One India Fund. Sundaram India Leadership Fund is a four star rated fund whereas Sundaram Growth Fund is a three star rated fund.

These mergers come after U K Sinha, chairman, Securities Exchange Board of India, expressed concerns over underperformance of equity schemes in Mutual Fund Summit held in June 2012. Experts are expecting some more such instances in near future, as mutual funds consolidate their product portfolios. Many times fund houses prefer to merge their underperforming schemes into larger schemes that are performing better. In the last year, fund houses such as JM AMC, Franklin Templeton AMC too has announced mergers of schemes. Franklin Templeton has opted to merge Franklin Pharma and Franklin FMCG Sector funds into Franklin Prima Plus Funds. Both the schemes were doing good and experts reckoned this move as a part of AMC's steps towards consolidating their product offerings.

"Whatever be the reason, investors have to decide if they want to exit on case to case basis. Investors may choose to redeem through the exit window provided without any exit load within one month before the merger takes place," says Dhruva Raj Chatterji, senior research analyst, Morningstar India. If their investments are less than one year old, the sales proceeds are subject to short term capital gains tax, which is at 15%.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions