Is index-aping lucrative?

Why a well-managed and diversified fund will always beat a benchmark. - Come Aug 10, MFs will disclose inter-scheme bond transfers - Stocks attract $7.62 billion foreign funds this year - Ban on entry load: Funds raise upfront fees, trail commissions - No front-loading - Mutual funds gear up for zero entry load from Aug 1 - Brokerages, fund houses whet Indian appetite for investments abroad A lot has been written about index funds in the past two years, with most proponents recommending it as a key component in a portfolio. The overall argument being that most diversified equity funds are unable to beat the index, just as in the case of Western markets. The other point was that index funds were a low-cost alternative to exposure in the stock markets. toronto stucco

SC starts fresh hearing on Ambani gas row.

The hearing in the gas dispute between the Ambani brothers today commenced afresh in the Supreme Court after a change of judge and the two sides indulged in a verbal battle with the one side accusing the other of deviating from its earlier stand. - Nasscom promoted Innovation Fund gets first closing corpus - Scrap sales up 30% on profit-taking - Displaced tribals be compensated, says Manmohan - Administration woos Posco project affected villagers - Telecom users cross 500-mn mark before targeted date - I-banks, consulting, PE firms vie for IIM-C students Reliance Industries (RIL) counsel Harish Salve, who began the arguments before a newly-constituted Bench after the recusal of Justice R V Raveendran, faced a sudden interruption in the post-lunch session when senior advocate Ram Jethmalani, appearing for Anil Ambani"s Reliance Natural Resources (RNRL), charged the Mukesh Ambani firm RIL with making arguments contrary to the ones put forth before the Bombay High Court. wet basement waterproofing toronto

Heavy rains wash Mumbai; road, air traffic hit.

Normal life was thrown out of gear in the financial capital today by heavy rains that led to waterlogging in several areas and hit movement of air and rail traffic. - DIAL adopts integrated approach to deal with bird-hit cases - Despite power crisis MP returns 200 Mw daily to Delhi, Mumbai - Heavy rains bring respite to Mumbaikars - Mamata boards PPPs to boost development, revenues - Sanjeev Sanyal: Radically rethinking agriculture">Sanjeev Sanyal: Radically rethinking agriculture - Coffee exports down 21% on lower supplies, high Sensex pares gains; Hindalco up 4% Traffic at the airport was affected with the Air Traffic Control stopping runway operations due to poor visibility at around 0946 hours, a spokesperson of the Mumbai International Airport Ltd (MIAL) informed. plasma cutting

BoM seeks nod to raise Rs 1,500 crore in 3 years.

Public sector Bank of Maharashtra has sought government approval to raise Rs 1,500 crore in three years. - Bank of Maharashtra cuts PLR, deposit rates - Bank of Maharashtra plans to raise funds - Bank of Maharashtra to raise Rs 500 cr Tier-I capital - Bank of Maharashtra to hire 600 this fiscal - Bank of Maharashtra to recruit specialised staff in 2009-10 - Bank of Maharashtra to open 100 branches The bank intended to raise Rs 500 crore each year over the next three years, Allen C A Pereira, chairman and managing director, Bank of Maharashtra, said on the sidelines of the Ficci Banking Conclave in Kolkata on Tuesday. The bank would raise the capital either through a follow-on public offer (FPO), qualified institutional placement (QIP),