ICICI Pru MF to launch NFO
ICICI Prudential Mutual Fund has announced the launch of a flexicap fund, an open-ended equity scheme, which aims to provide capital appreciation by investing in equity and equity-related securities across…
Global economy expected to expand 5.6% in 2021
The global economy is expected to expand 5.6 percent in 2021, the fastest post-recession pace in 80 years, largely on strong rebounds from a few major economies, the World Bank…
ICICI Pru Life Announces Rs 867 Cr Bonus
ICICI Prudential Life Insurance on Monday announced an annual bonus of Rs 867 crore, highest ever for its eligible policyholders for the financial year 2020-21. The bonus amount increase 10%…
SEBI bars Franklin Templeton from launching new debt schemes for 2 yrs
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
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…
Fresh High for Nifty
Benchmark indices ended higher on June 7 with Nifty above 15,751 supported by the IT, infra and energy names. The Sensex was up 228.46 points or 0.44% at 52328.51, and…
NPS Assets cross Rs 6-trillion
The assets under management (AUM) of NPS has surpassed the Rs 6-trillion mark,PFRDA announced on Wednesday. The AUM stood at Rs 6,03,667 crore on May 21, 2021. This includes AUM under…
RBI Monetary Policy
RBI has once again assured to keep policy stance supportive of growth while it trimmed GDP forecast to 9.5% for the current financial year.The Reserve Bank of India’s Monetary Policy…
Overseas Investment limit for MF raised to $1 billion
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.…
GDP Grows 1.6% in Q1
The Indian economy rose by 1.6% in the January to March quarter (Q4 FY21) from the previous year but contracted by 7.3 per cent for the entire fiscal year, which…