Devout Invest - Here to Fulfil your Investing Requirements

Insider trading rules may apply to mutual fund trades

By D@ljit1967 July 9, 2022Markets, Mutual Funds

Market regulator Securities and Exchange Board of India (Sebi) has proposed to bring in buying and selling of mutual fund units under insider trading rules. Currently, these are specifically excluded…

Equity MFs get Rs 15,500 crore inflows in June

By D@ljit1967 July 9, 2022Mutual Funds

Retail investors continued to show confidence in equity mutual funds last month despite the sharp fall in both Indian and overseas markets, with equity schemes witnessing net inflows of ₹15,498…

ASK launches Rs 1,500 crore category III AIF

By D@ljit1967 April 21, 2022Mutual Funds, REITs

ASK Investments Managers, one of India’s largest asset and wealth management companies, announced the launch of ASK Golden Decade Fund, a closed-ended, long-only, Category III AIF that aims to take…

BNP Paribas MF ceases to exist as mutual fund: Sebi

By D@ljit1967 April 21, 2022Uncategorized

BNP Mutual Fund ceases to exist as a mutual fund, capital markets regulator Sebi said on Wednesday. This comes after BNP Paribas Asset Management Company Private Limited (BNPP AMC) informed…

Navi MF files for Internet of Things ETF Fund of Fund

By D@ljit1967 April 18, 2022Mutual Funds, NFO

Navi Mutual Fund has filed a draft scheme information document with the Securities and Exchange of India (Sebi) for the Internet of Things ETF Fund of Fund (FoF). It is…

BSE’s StAR MF platform sees record 29.9 lakh single-day transactions

By D@ljit1967 April 14, 2022Mutual Funds

BSE's mutual fund distribution platform StAR MF processed a record 29.9 lakh transactions in a single day on Monday. The platform has surpassed its previous best single-day record of 26.65…

Working groups to review MF’s sponsor eligibility, role of trustees

By D@ljit1967 April 10, 2022Mutual Funds

SEBI on Friday formed two working groups to review the role and eligibility of a sponsor of a mutual fund to facilitate growth and innovation in the industry and to…

Amfi prescribes new benchmark for MF schemes

By D@ljit1967 April 10, 2022Mutual Funds

Industry body Amfi has prescribed a new benchmarking system for mutual funds for each of their schemes in a bid to standardize and bring uniformity in the benchmarks. It has…

SIP up to Rs 5000 via UPI AutoPay

By D@ljit1967 April 8, 2022Mutual Funds

Initiating registration for Systematic Investment Plans (SIPs) in mutual funds has become much easier than before. IDFC Mutual Fund has enabled UPI AutoPay, an NPCI initiative, allowing mutual fund investors…

New fund launches contribute to MFs’ asset growth in December

By D@ljit1967 January 12, 2022Mutual Funds

Despite outflows from debt funds, the assets under management by Indian mutual funds rose to Rs 37.72 trillion as on December 31, 2021 compared to Rs 37.33 trillion as on…