SEBI has restrained Hemant Ghai and his wife Jaya Hemant Ghai and mother Shyam Mohini Ghai from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever till further directions

The index consists of 20 stocks and is designed to reflect the behaviour and performance of the Indian financial market, which includes banks, financial institutions, housing finance, insurance companies and other financial services companies

Even the hybrid funds are no exception as they too witnessed a net outflow of Rs 5,932 crore in December 2020, which is higher than Rs 5,249 crore witnessed in November last year

Currently, there are seven pension fund managers - Aditya Birla Sun Life Pension Management, HDFC Pension Management Company, UTI Retirement Solutions, SBI Pension Funds Private, ICICI Prudential Pension Funds Management, Kotak Mahindra Pension Fund and LIC Pension Fund

All equity MF categories except dividend yield and sectoral funds witnessed outflows during December with the largecap fund category (-Rs 3,876.4 crore) seeing the highest outflows, followed by multicap (-Rs 3,540. 8 crore) and contra fund (-Rs 1,640.9 crore) categories

During the last fortnight from December 16-31, 2020, the six wound up schemes received cash inflows worth Rs 1,213 crore. This saw FISTIP become cash positive during the period

India and Australia can combine complementary skills and expertise to develop new innovations by leveraging Australian expertise with Indian expertise including in data analytics, biotech, and mobile applications

Innovations in debt funds and rise of international investments will continue to attract investors

The new scheme will undergo changes on the fund allocation across asset classes

Crisil's research wing said the increase in inflows is bound to be fuelled by investments into equities as against other asset classes

For companies undergoing insolvency and seeking relisting, Sebi said such companies will be mandated to have at least 5 per cent public shareholding at the time of their beginning of trading on the stock exchanges

Share of YES Bank gained 9.92% to Rs 19.05 against previous close of Rs 17.33 on BSE

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In the last week, the stock has risen 12.6%. YES Bank stock has resumed investors' participation, led by buying sentiment in the private banking index and broader indices Sensex and Nifty, that have been hitting new record highs

The equity mutual fund segment saw a net outflow of Rs 13,140 crore compared to Rs 2,725 crore in October. However, overall assets under management (AUM) of the mutual fund industry hit a record high of Rs 30 lakh crore

Trustee has partnered with 'K Fintech for electronic voting process and unitholders meeting to seek their content. Voting will take place on December 26-28 and  meeting of unitholders of relevant schemes on December 29

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