The Hindu Business Line : Monday, April 08, 2002

MFs can invest 4 pc of assets in foreign papers -- SEBI fixes individual limit at $50 m
Indian mutual funds have also been allowed to invest in the units/securities issued by overseas mutual funds or unit trusts, which invest in securities that have the highest rating. More

Tech funds do better than BSE IT index
EQUITY funds dedicated to the technology sector eclipsed the Bombay Stock Exchange's information technology index in the last one year ended March 31, 2002 while pharma funds underperformed the BSE Healthcare Index over the same period. Average ... More

Balanced funds -- Alliance, Zurich top the list
WITH the average equity fund going nowhere and its debt counterpart on fairly shaky ground, it might be a good idea to look at that often-ignored breed, the balanced fund. Balanced funds as the name suggests have a mix of assets, dispersed over ... More

STOCK MARKETS

Market looks to Infosys guidance
THE equity market seems to have opted for value picks among the counters outside the BSE Sensex basket. This was evident form the advance made by the BSE-200 compared to the Sensex, which saw a moderate net gain of around 32 points over the ... More

Volume, price soar in KPIT Info counter
THE speculative interest in the shares of the Pune-based IT company, KPIT Infosystems, gained further momentum on Friday, with over 80 per cent of the company's equity being traded in a single session. On Friday, the stock hit a new 52-week ... More

FOREIGN DIRECT INVESTMENT

No local funds for equity hike in arms -- Govt sees thru MNC gameplan
INDIAN policy makers seem to have learned some lessons the hard way. Last weekend, at a meeting of the Foreign Investment Promotion Board (FIPB), the approval for an MNC — Caltex to hike its equity from 51 per cent to 100 per cent — ... More

OVERSEAS INVESTMENTS

Infy maintains healthy premium
THE premium of Infosys Technologies ADR further widened, ahead of quarterly results, during last week in the US markets. It now trades at a healthy premium of 78.73 per cent compared to the previous week's premium of 71.03 per cent. The ADR ... More

Stock Quotes
SE Diary

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