Mutual Funds - Devout Invest

SEBI bars Franklin Templeton from launching new debt schemes for 2 yrs

By D@ljit1967 June 8, 2021Mutual Funds

Market regulator SEBI has barred Franklin Templeton Asset Management (India) from launching new debt schemes for two years. In an order on Monday, the market watchdog also imposed a ₹5 crore…

Franklin Templeton investors to get ₹3,205 cr

By D@ljit1967 June 7, 2021Mutual Funds

SBI Funds Management (SBI MF) will distribute the fourth tranche of ₹3,205 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes during the week beginning Monday. With this, the…

Overseas Investment limit for MF raised to $1 billion

By D@ljit1967 June 4, 2021Mutual Funds, Wall Street

With international diversification getting more recognition, and investor flows moving into such mutual fund (MF) schemes, the market regulator SEBI has now increased the overseas investment limit to $1 billion.…

New Mutual Fund Players

By D@ljit1967 May 28, 2021Markets, Mutual Funds

Mutual fund business is buzzing with new entrants even as many firms await SEBI nod to enter the industry. This month, mutual fund industry saw the entry of two new…

AUM:ICICI Mutual displaces HDFC MF from second spot

By D@ljit1967 May 18, 2021Markets, Mutual Funds

ICICI Prudential Mutual Fund has regained its second spot in the list of asset under management as of April-end toppling HDFC MF. Interestingly, SBI Mutual Fund with AUM of ₹5.04…

IDFC MF changes name of dynamic equity fund to balanced advantage

By D@ljit1967 May 18, 2021Mutual Funds

IDFC Mutual Fund on Thursday announced that it has changed the name of its IDFC Dynamic Equity Fund to IDFC Balanced Advantage Fund to maintain uniformity with the peer category.…

Mutual funds add 81 lac investor accounts

By D@ljit1967 April 27, 2021Mutual Funds

The mutual fund industry added more than 81 lakh investor accounts in 2020-21, taking the total tally to 9.78 crore, and experts hope that the healthy growth in folios would continue…