Equity MF inflows increase by 23% in Feb to Rs 26,866 cr.
The inflows in the equity category surged by approximately 23%, according to the AMFI data released on Friday. The inflows in February stood at Rs 26,866 crore against Rs 21,780.56…
MFDs are now entitled to get trail commission if investors transfer assets
AMFI has issued best practices guidelines in which it has allowed AMCs to pay trail commission to MFDs if a client transfers his assets from one MFD to another. However,…
SBI Energy Opportunities NFO collects over Rs. 6700 crores
SBI Mutual Fund has collected over Rs. 6,700 crore during the NFO of SBI Energy Opportunities Fund. The fund house has received application from over 5 lakh investors. The fund…
SEBI plans to make nomination optional for joint MF portfolios
Capital market regulator SEBI has excluded investment made through ETFs and index funds from the regulations on exposure to a single stock of own group companies and nomination has been…
Kotak restricts flows into small-cap fund
Kotak Mutual Fund will restrict flows into its small-cap scheme from March 4, joining the likes of Nippon and Tata in limiting investments into this product category as elevated share…
Canara Robeco Mutual Fund launches Canara Robeco Manufacturing Fund
Canara Robeco Mutual Fund announced the launch of the Canara Robeco Manufacturing Fund. The scheme opened for public subscription on February 16, 2024, and will close on March 01, 2024.…
Mahindra Manulife Mutual Fund launches Multi Asset Allocation Fund
Mahindra Manulife Mutual Fund announced the launch of the Mahindra Manulife Multi Asset Allocation Fund. The scheme opened for public subscription on February 20, 2024, and will close on March…
PPFAS Mutual Fund launches Parag Parikh Dynamic Asset Allocation Fund
PPFAS Mutual Fund announced the launch of the Parag Parikh Dynamic Asset Allocation Fund. The scheme opened for public subscription on February 20, 2024, and will close on February 22,…
Edelweiss Mutual Fund launches Edelweiss Technology Fund
Edelweiss Mutual Fund announced the launch of the Edelweiss Technology Fund. The scheme opened for public subscription on February 14, 2024, and will close on February 28, 2024.
Nifty 50 crossed the coveted 22,000 mark for the first time
Stock market today: Domestic market benchmark Nifty 50 crossed the coveted 22,000 mark for the first time, hitting its fresh record high of 22,215.60, in intraday trade on Tuesday, February…