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South Africa Zuma: Gupta family home raided by police

South Africa Zuma: Gupta family home raided by police

World
South Africa's elite police unit have raided the home of the controversial Gupta family as the investigation into so-called state capture continues.Three arrests have been made, including one Gupta brother, local media report. Police say two other people are expected to hand themselves in.The Gupta family have been accused using their friendship with President Jacob Zuma to wield enormous political influence for their business interests.They all deny the allegations.Africa Live: For all the latest on the Guptas and Zuma, as it happensThe raid on the Gupta's walled compound in Johannesburg comes as Mr Zuma faces increased pressure to resign, in part because of links to the Guptas.He is expected to respond later today to a formal request from the African National Congress (ANC) to step down....
We might see a shift to low-cost largecaps after TRI: Radhika Gupta, CEO, Edelwiess MF

We might see a shift to low-cost largecaps after TRI: Radhika Gupta, CEO, Edelwiess MF

Finance
The mutual fund industry is shifting to TRI benchmarks in February. The mutual fund industry is waiting to see how investors would react to the new benchmarks.ET.com Mutual Funds spoke to Radhika Gupta, CEO, Edelwiss Mutual Fund, which is using TRI as a benchmark since September 2017. Edited interview.Edelwiess Mutual Fund introduced TRI as benchmark in its schemes last year. How many schemes have been benchmarked against TRI till now? What has been your experience managing such schemes?Yes, in September-October, 2017, we benchmarked all out domestic equity schemes against TRI. Many online portals are still showing the earlier benchmarks against our schemes, I don't know why. But if you look at our factsheets, the TRI indices are clearly mentioned as the benchmarks. Switching to TRI was ...