DDT Dampener for Funds
The Divided Distribution Tax has risen for liquid and money market funds. Banks will benefit because their deposits will not be relatively as unattractive as they are now compared to such funds
First India Becomes Sahara
After a six-month-long acquisition and regulatory process, it's finally official - the First India Mutual Fund is now Sahara Mutual Fund. This marks Sahara's, one of India's largest NBFCs, entry into the MF business.
First India Gets Sahara
With its acquisition of First India, Sahara India makes its foray into mutual fund business. For investors in First India Mutual Fund, it's surely a step forward, as they can now take a long-term stand