Investment in stock market has become increasingly attractive, but at the same time becoming increasing complex. Selection of right securities require painstaking investment research. Professional expertise is needed to undertake the job. Hence, large investors are turning to professional portfolio management services offered by banks and private consultants. But the habit hasn’t caught on. Small investors have been using mutual funds for their investment, since they are disinclined to invest directly on the stock exchanges. 

Portfolio management in shares popular

Dalal Street which suffered a setback in kerb trading on Friday, March 30, 1990 evening, following the announcement that Mr. M J Pherwani has proceeded on leave and Dr. S.A Dave, chairman of the Securities and Exchange Board of India (SEBI) had taken over as chairman od UTI, exhibited , steady conditions in kerb deals on Saturday.

Stock market stable despite UTI change

In a bid to win back the beleaguered Unit Trust of India (UTI), the government made its flagship US-64 scheme open ended so that it is not necessary for unit holders to redeem all units  when they will fetch a price of Rs 12 per unit up to 5000 units.

Govt injects some trust back into UTI

The government decided that UTI would not sell its equity holdings to meet its redemption obligations arising out of assured return schemes. The decision was taken to send the right signal to investors.

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