Fwd: Today's Exclusives - Huge mutual fund outflow points to a much deeper malaise

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From: Moneylife <noreply@moneylife.in>
Date: Fri, May 6, 2011 at 6:42 PM
Subject: Today's Exclusives - Huge mutual fund outflow points to a much deeper malaise
To: palashbiswaskl@gmail.com

 

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6 May 2011   Moneylife Exclusive Huge mutual fund outflow points to a much deeper malaise Moneylife Digital Team As we had expected, mutual funds have witnessed a massive outflow of Rs1,365 crore in April. But the problem is not just with the fund industry, or investor behaviour, but with the so-called equity cult itself...     Exclusive Column     Star HD: High-def headache! Anil Thakraney The Star advertisements for its new high-definition broadcast system are a good example of poor advertising. For, you cannot use TV as an education medium. People watch TV to be entertained and not to learn science...       Other ML Exclusives   ICICI Lombard's financials are hit hard due to high claims incurred in all its segments ICICI Lombard's 2010-11 audited financial results have been a revelation. The company, India's largest private sector general insurance firm, had clocked profits in all divisions of its business in the last fiscal, but has now reported losses in all its segments. Is this a sign of the challenges that general insurance companies are now facing? ................................................................................................................................................ Daily Market Report: Shares prices head higher, but for how long? We see a resistance at around 5,600-5,650 on the Nifty ... ................................................................................................................................................ Media: NDTV continues to find buyers Even as credibility and finance are at all-time lows, the TV company has got yet another investor to pick up a big chunk of its equity... ................................................................................................................................................ 'The proposed web censorship law is a joke' Rajiv Dingra, head of a web advertising consultancy, warns that web advertisers had better not underestimate the web consumer who can react unlike a TV viewer... ................................................................................................................................................ Money-lending laws not applicable to NBFCs, holds Gujarat High Court The ruling comes as a great respite for non-banking financial companies; but the judgment leaves several unanswered questions on usurious money lending in India—like the rates charged by microfinance companies... ................................................................................................................................................ Goodyear India: Running on The versatile quality tyre manufacturer is expanding its range in India, in line with the robust outlook for the auto industry... ................................................................................................................................................ Franklin Templeton Mutual Fund: Simple & effective The new campaign is insightful, has the right emotional mix and is very warmly executed. No over-the-top emotions, only plain simple, understated human feelings... ................................................................................................................................................ Personal finance today Bharti AXA targets first premium business of Rs800 crore RBI raises m-wallet limit to Rs50,000 Birla Sun Life Mutual Fund floats 182 days fixed maturity plan Muthoot Finance debuts with over 12% premium   At a Glance   - Gold down despite heavy buying on Akshaya Tritiya - Kotak Bank Q4 consolidated net up 23% Rs249 crore - Flood of cross-border deals takes April M&A tally to $4.4 billion - 3rd round of talks today, Air India crippled for 10th day - 2G scam: Kanimozhi appears before court, seeks bail - ED moves SC for contempt proceedings against Sahara chief     Corporate Wrap-up   - Surya Roshni Q4 net rises 38% to Rs40 crore - Saraswat Bank FY10-11 net up 78% at Rs212 crore - Jindal Steel Bolivia, Midrex to construct world's largest capacity single direct reduction module - Hexaware declares 25% interim dividend - Jyothy Laboratories to acquire majority stake in Henkel India   Moneylife Columns     Futile Central Registry Rules impose a heavy burden on banks Vinod Kothari The SARFARESI Act does not fulfill the purpose of registration of security interests. For, the Central Registry does not guarantee reliability. Therefore, the law as it stands is a futile and very costly exercise...     Why are our income-tax and foreign exchange management laws riddled with so many incongruities? Nagesh Kini Right from the definition of a 'senior citizen' for tax evaluation to the definition of a 'Non-Resident Indian', our tax and forex laws are full of inconsistencies and discrepancies. It is high time the government removed these lacunae...     Face 2 Face   Max Bupa CEO: IRDA needs to be flexible In an interview to Moneylife, Dr Damien Marmion says the insurance regulator needs to be flexible in approving premium increases, to reduce the delay and allow consumers decide what is the right and wrong premium...   Editor's Pick   The future for silver This report says that if you are thinking about buying silver, you may get a safer entry level a few months from now. ...................................................................................................................................................... Can the SEC prevent another flash crash? No, say analysts, another crash could happen again. ...................................................................................................................................................... Are we headed for hyperinflation and a double dip? Government economic reporting specialist John Williams says, "The US is really in the worst condition of any major economy or country in the world." ...................................................................................................................................................... What exactly is going on in Syria? Here is a detailed report on the crisis. ...................................................................................................................................................... As commodities fall, the dollar gets a reprieve Panic selling in oil, copper and silver has helped the dollar to register its best day since October against major currencies. ...................................................................................................................................................... Cartoon of the week When there was a leak in WikiLeaks. ...................................................................................................................................................... Book Review   Kill Bill Devarajan Mahadevan You cannot amuse—or educate—yourself with this compilation...   FROM the ARCHIVES   Will insurance agents vanish in the face of competition from banks? Insurance in India has predominantly been sold through agents. And insurers have big plans to enlarge their agent network. However, IRDA believes that banks are the distribution channel of tomorrow... ...................................................................................................................................................... Sundaram launches hybrid scheme to invest in equities and gold ETFs Such hybrid funds are in fashion now. They leave investors confused about how to fit such schemes into their asset allocation...   Forthcoming Events   Investor Empower Yourself, in Delhi, for the first time Moneylife Foundation is conducting a day-long seminar in Delhi, to help investors empower themselves. The event will be held on Saturday, 7 May 2011, from 10am to 4pm. Admission is free. Click here for details and registration ...................................................................................................................................................... How to use the Right to Information Act effectively Mr Bhaskar Prabhu, Convenor of the Mahiti Adhikar Manch, will address a workshop on 'How to use the Right to Information Act effectively', on Saturday, 14 May 2011, at the Moneylife Knowledge Centre. This is the second workshop on the RTI issue in a month following the overwhelming response to the first programme on 16th April. Admission is free. To register, please message us at mail@mlfoundation.in or call Dione/Judith on 2444 1058. Click here for more details.     To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

 

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Palash Biswas
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