Realty sector struggles as funds stay away

Realty sector struggles as funds stay away

India's troubled property developers are seeing early signs of a rebound, but high debt costs and a lack of private equity funding suggest a sustained recovery is unlikely for some time.
Enquiries for homes and offices remain strong in Asia's third-largest economy as it grows at an annual clip of 6-7 per cent, but buyers are staying away as developers dither over sharp price reductions that could turn pent-up demand into sales.
Foreign investors, scarred by the global sub-prime crisis, are wary of investing in a property market beset with red-tape, land disputes and unclear titles. And with no clear sight of prices bottoming, like home buyers, they are staying away.
Major developers, who have seen their share price slide by up to 90 per cent from last year's peak, expect the market downturn to last another 3 to 4 quarters even as property markets elsewhere in Asia show signs of turning a corner. 
More: http://in.biz.yahoo.com/090511/50/batjxb.html

Indian property struggles as funds stay away

Indian property struggles as funds stay away

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By Prashant Mehra & Jasudha Kirpalani
MUMBAI (Reuters) - India's troubled property developers are seeing early signs of a rebound, but high debt costs and a lack of private equity funding suggest a sustained recovery is unlikely for some time.
Enquiries for homes and offices remain strong in Asia's third-largest economy as it grows at an annual clip of 6-7 percent, but buyers are staying away as developers dither over sharp price reductions that could turn pent-up demand into sales.
Foreign investors, scarred by the global sub-prime crisis, are wary of investing in a property market beset with red-tape, land disputes and unclear titles. And with no clear sight of prices bottoming, like home buyers, they are staying away. 
More:      http://in.biz.yahoo.com/090511/137/batjwz.html

Corporate bond market posts record turnover

Union Bank to enter MF business by Dec: Official

Economic Times - ‎5 hours ago‎

7 May 2009, 2011 hrs IST, PTI MUMBAI: State-run Union Bank of India, in joint venture with Belgium-based company, plans to enter the mutual funds business ...

BOM:532477

Only 7% of equity funds better Sensex return

Hindu Business Line - ‎1 hour ago‎

Mumbai, May 7 Only seven per cent of the mutual funds, numbering a total 322, managed to beat the Sensex. Low levels of cash and higher exposure to banking ...

 

Commodities Still King Amid Strife

Markets Media News - ‎3 hours ago‎

... like insurance funds, pension funds, mutual funds and others reaching nearly $2 trillion soon, up from current levels of $280 billion to $300 billion. ...

Commodity market to recover first from economic crisis: Celent Hindu

 

Corporate bond market posts record turnover

Business Standard - ‎3 hours ago‎

Padhyay said spreads in bonds too were quite high and akin to banks, mutual funds too had become aggressive in the bond market as large corporate houses ...

Union Bank to raise Rs 200 cr via bonds

Daily News & Analysis - ‎1 hour ago‎

The bank also plans to enter the mutual funds business by December, in joint venture with Belgium-based company and hopes to receive the market regulator ...

 

 

mutual fund houses

1.4 mutual fund houses register drop in assets

 mydigitalfc.com - ‎2 hours ago‎

According to data released by Association of Mutual Funds in India (Amfi), Edelweiss's AAUM at the end of April stood at Rs 14.56 crore, as against Rs 22.28 ...

Fund houses offering regular profit plans to entice investors

2. Realty mfs hit a rating block

Economic Times - ‎33 minutes ago‎

MUMBAI: A year after the market regulator, the Securities and Exchange Board of India (Sebi), cleared the deck for real estate mutual funds, some players ...

 

3.UTI bets on mobile phones to tap young clients

Reuters India - ‎9 hours ago‎

The executive said a majority of investors in mutual funds had annual income of 500000 rupees a year and with 70 percent of Indians less than 40 years of ...

 

Mutual Funds Basics & Features

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  Anyone who is committed to that particular stock is sunk. But if you are in non-specific funds that are diversified across sectors, industries and companies, then the bad news has that much less of a chance of doing serious damage to your portfolio.
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