LIC MF looks to take AUM to Rs 25,000 crore by March
LIC AMC is one of the oldest fund houses but has been a passive player all this while keeping the parent LIC's risk-averse investing culture. As a result, its AUM…
China’s Evergrande crisis
Evergrande is a real estate behemoth based out of China with 1.5 million already sold but not yet completed residential units, according to a note by Invesco. The company’s presence,…
White Oak Capital gets SEBI approval to start MF Business
White Oak Capital group, which had acquired YES Mutual Fund through its subsidiary GPL Finance in August 2020, has now got the go-ahead from SEBI to run the mutual fund…
Nifty closes at a record high 17,630
Sensex, Nifty closed nearly 0.71% higher on Thursday. Inflation in India is likely to ease only gradually, Reserve Bank of India Deputy Governor Michael Patra said on Thursday, adding that…
IIP grows 11.5% in July
India’s factory output, measured in terms of the Index of Industrial Production (IIP), rose 11.5 per cent on a year-on-year basis for July, which is lower than the previous month.For…
Zerodha gets in-principle approval from SEBI to start mutual fund business
India’s largest broking firm Zerodha has received in-principle approval to set up an asset management company (AMC) company. With this, the discount brokerage joins entities like Samco Securities and Bajaj…
IBHFL gets CCI approval to divest MF business to Groww
Indiabulls Housing Finance (IBHFL) has received the CCI approval to divest its mutual fund business to Groww for Rs 175 crore. The company's wholly-owned subsidiaries Indiabulls Asset Management Company Ltd…
HSBC in talks to buy L&T Mutual Fund
HSBC Mutual Fund is in talks to buy the mutual fund arm of L&T Finance Holdings for Rs 2500 crore – Rs 3000 crore to grow its asset management business…
Franklin to Distribute Rs 2918.5 crore to unitholders of six debt schemes
Franklin Templeton Mutual Fund will distribute ₹2,918.5 crore to unitholders of six debt mutual fund schemes, starting 1 September, according to a note issued by the fund house to mutual…
Half of the total SIP accounts discontinued last year
Half of the total SIP accounts in the MF industry have been discontinued in the last financial years, shows IDFC MF Report based on CAMS MFDex data. The data shows…