India has fewer ESG 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…
Gold ETFs log Rs 61-cr outflow
After seven straight months of net inflows, gold exchange traded funds witnessed a pullout of over Rs 61 crore in July as investors diverted their money to equity and debt…
LIC permits to revive Lapsed Policies
In view of the prevailing circumstances, concessions are being offered in late fee other than term assurance and high-risk policies, depending on the total premiums paid To provide continued risk…
Bajaj Finserv Gets SEBI Approval for MF Business
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…
General Insurance Amendment Bill Passed
The General Insurance Business (Nationalisation) Amendment Bill, 2021, was passed by a voice vote in the din in a matter of minutes, with Finance Minister Nirmala Sitharaman not replying to…
ABSL AMC IPO likely in September
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…
SBI MF Launches Balanced Advantage Fund
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…
UTI MF launches Focused Equity Fund 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…
SIPs cross Rs 5 lakh crore in AUM
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…
Samco Securities gets SEBI nod for MF business
Online discount broker Samco Securities has received capital markets regulator Sebi's approval to launch its mutual fund business. "We have received final approval from Sebi on July 30, 2021," Samco…