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Updated Mar 12, 2021 | 09:14 IST Fund managers said the new valuation norm could lead to 4-8% erosion of net asset value (NAV), depending on the extent of holdings. Representational image  New Delhi: The Securities and Exchange Board of India (Sebi) on Wednesday asked mutual funds to value perpetual bonds as 100-year instruments from April 1. This new valuation norm is expected to spark a sharp selloff of these bonds today.  The Economic Times citing fund managers mentioned in a report that accelerated redemptions in debt schemes could trigger a crisis as mutual f...

Sovereign Gold Bond opens as yellow metal price hits 8-month low: Should you subscribe? The COVID-19 pandemic and lockdowns had led to a surge in gold prices globally. Most commodity experts see a further downside in the gold prices amid decrease in infections, opening up of economies, and increase in vaccination pace Gold price is down by over Rs 11,000 from its highs of Rs 57,000 in August 2020 The twelfth tranche of Sovereign Gold Bond Scheme (SGB) opens for subscription on Monday, March 1 till Friday, March 5 as the yellow metal hits eight-month record low price of around Rs 46,000. Gold ...

The bond market is not in a mood to reason with the Reserve Bank of India (RBI) on keeping yields low. The 10-year bond yields continued to rise for the fourth straight session to close at 6.202 per cent from its previous close of 6.135 per cent. The yield was at 6 per cent a week ago. The RBI wants the yields to remain at 6 per cent, but bond dealers say the central bank will have to step up its bond-buying programme. A section of the market also says the RBI should not hurry in normalising its liquidity operations because that is scaring bond market participants, even as excess liquidit...

Will liquid mutual funds stage a comeback? High government borrowing outlined by Budget 2021 may push interest rates up sometime this year. This helps liquid funds whose returns have hit rock-bottom levels. February 09, 2021 / 10:53 AM IST Budget 2021's indication on high government borrowing has already pushed up yields on debt securities up. Interest rates and bond prices move in opposite direction. Experts say that it’s only a matter of time before interest rates increase. Liquid funds are typically marketed as a means to park sums for the short term to earn a bit more than savings...

Coming soon: Retail investors can directly invest in government securities with RBI After lukewarm response to its earlier scheme to allow small investors to invest in government securities through stock exchanges, the RBI now allows direct investments. RBI | Representative Image. Moneycontrol News Investing in government securities is set to become easier. In the Reserve Bank of India’s (RBI) monetary policy announcement made earlier today, the RBI Governor Shaktikanta Das said that retail investors will be given online access to the government securities market – both primary and second...