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Journalism of Courage
RBI bars FII purchases in Zee
MUMBAI: The Reserve Bank of India (RBI) on Friday barred Foreign Institutional Investors (FIIs) from making further purchases of shares of Zee Telefilms Ltd. without prior permission from the bank. The central bank in a statement here said FII holding in the company had reached the overall ceiling of 28 per cent of its paid up capital.
K-Gilt of Kotak MF collects Rs 200 cr
MUMBAI: K-GILT, the country’s first retail gilt scheme from Kotak Mahindra Asset Management Company, has crossed the Rs 200-crore mark in a short span of four months. K-Gilt, which went open-ended on January 5, 1999, has given a return of 11.3 per cent per annum till May 4 under its savings plan. The return on the investment plan was about 13 per cent. K-Gilt invests only in government securities which makes it a virtually risk-free investment vehicle for retail investors. With zero risk, the returns are relatively very attractive. K-Gilt is currently the only vehicle through which small investors can invest in government securities.
