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IBHFL gets CCI approval to divest MF business to Groww

IBHFL gets CCI approval to divest MF business to Groww

Posted by By D@ljit1967 September 11, 2021Posted inMutual Funds
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…
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HSBC in talks to buy L&T Mutual Fund

HSBC in talks to buy L&T Mutual Fund

Posted by By D@ljit1967 August 31, 2021Posted inMutual Funds
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…
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Franklin to Distribute Rs 2918.5 crore to unitholders of six debt schemes

Franklin to Distribute Rs 2918.5 crore to unitholders of six debt schemes

Posted by By D@ljit1967 August 31, 2021Posted inMutual Funds
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…
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Half of the total SIP accounts discontinued last year

Half of the total SIP accounts discontinued last year

Posted by By D@ljit1967 August 27, 2021Posted inMutual Funds
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…
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India has fewer ESG Funds

India has fewer ESG Funds

Posted by By D@ljit1967 August 26, 2021Posted inMutual Funds
India has fewer funds focused on environmental, social and governance (ESG) issues than other top 10 economies, data shows, amid investor caution about ESG funds that have yet to build…
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Bajaj Finserv Gets SEBI Approval for MF Business

Bajaj Finserv Gets SEBI Approval for MF Business

Posted by By D@ljit1967 August 24, 2021Posted inMutual Funds
Financial services company Bajaj Finserv on Tuesday announced that SEBI has given its in-principal nod to the company for sponsoring a Mutual Fund. The company would also be setting an…
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ABSL AMC IPO likely in September

ABSL AMC IPO likely in September

Posted by By D@ljit1967 August 13, 2021Posted inIPO, Mutual Funds
The initial public offering of Aditya Birla Sun Life Asset Management Company is expected to launch in the last week of September, said investment bankers. The country's fourth-largest mutual fund…
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SBI MF Launches Balanced Advantage Fund

SBI MF Launches Balanced Advantage Fund

Posted by By D@ljit1967 August 12, 2021Posted inMutual Funds, NFO
SBI Mutual Fund unveiled its Balanced Advantage Fund (BAF) today with a unique withdrawal feature - SWP (Automated) or SWP (A). Under this withdrawal plan, the investor can designate a…
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UTI MF launches Focused Equity Fund NFO

UTI MF launches Focused Equity Fund NFO

Posted by By D@ljit1967 August 10, 2021Posted inMutual Funds, NFO
UTI Mutual Fund has launched new Focused Equity Fund Offer which will have a portfolio of 30 stocks across market cap. A focused equity scheme is the latest addition to…
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SIPs cross Rs 5 lakh crore in AUM

SIPs cross Rs 5 lakh crore in AUM

Posted by By D@ljit1967 August 10, 2021Posted inMarkets, Mutual Funds, NFO
The AUM of the SIP accounts crossed a record Rs 5 lakh crore in July 2021 following a sustained inflow in the capital market, the data from AMFI showed. With…
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