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BofA expects 50 bps rate cut by March

Friday, June 14, 2019, 11:10 AM

The RBI could cut interest rates by at least 50-basis points by March as inflation remains benign and growth falters, said Bank of America Merrill Lynch. "We expect the RBI MPC to cut 25-bps on August-7 if rains are normal, pause as inflation goes up on base effects in end-2019, and cut again by March," Indranil Sen Gupta, India economist stated in the report.
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ICICI Prudential Mutual Fund launches an MNC fund

Tuesday, May 28, 2019, 6:55 PM

ICICI Prudential Mutual Fund on Tuesday launched an MNC fund, an open ended scheme that will invest predominantly in stocks within the MNC space. In India, there are various MNCs catering to one's every day as well as industrial needs. The size of opportunity for these companies is only set to rise as India journeys to be a $4-trillion economy by 2023.
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BSE launches mobile app for its mutual fund platform

Thursday, May 16, 2019, 2:52 PM

Leading stock exchange BSE said it has launched 'BSE StAR MF' app to enable more participation and help mutual fund distributors process transactions faster. "BSE StAR MF mobile app supports real-time client registration and paperless transactions, creates and uploads mandate for SIPs, generates the basket of multiple orders, tracks and allows the distributor to analyse his business at his fingertips," the exchange said.

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