Sebi caps exposure to single-issuer debt securities for active mutual funds

Actively-managed mutual fund (MF) schemes will now have to follow the securities market regulator, Securities and Exchange Board of India’s (Sebi) credit risk-based single issuer limits for investment in money market and debt instruments. Sebi had introduced such limits for debt ETFs and index funds via its May 23, 2022 circular on ‘Development of Passive … Read more

Is factor investing better than traditional investing?

Factor premiums are risk-adjusted returns that have a strong economic or behavioural rationale. The most common factors are value, momentum, quality, low volatility and size. Factor investing is done by designing a portfolio of stocks using parameters representing a particular factor. For example, one may use high sales to price or high earnings to price … Read more

BookMyForex launches interbank rate forex card with zero markup

Online foreign exchange marketplace on Wednesday announced the launch of interbank rate multi-currency forex card. The company said it is India’s first true zero markup travel card. Earlier, BookMyForex charged a markup of about 0.25 paise per dollar, which has now been waived with the introduction of interbank rate multi-currency forex card, Sudarshan Motwani, … Read more