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Franklin to Distribute Rs 2918.5 crore to unitholders of six debt schemes

By D@ljit1967 August 31, 2021Mutual Funds

Franklin Templeton Mutual Fund will distribute ₹2,918.5 crore to unitholders of six debt mutual fund schemes, starting 1 September, according to a note issued by the fund house to mutual…

Half of the total SIP accounts discontinued last year

By D@ljit1967 August 27, 2021Mutual Funds

Half of the total SIP accounts in the MF industry have been discontinued in the last financial years, shows IDFC MF Report based on CAMS MFDex data. The data shows…

India has fewer ESG Funds

By D@ljit1967 August 26, 2021Mutual 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

By D@ljit1967 August 24, 2021GOLD

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

By D@ljit1967 August 24, 2021Insurance

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

By D@ljit1967 August 24, 2021Mutual Funds

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

By D@ljit1967 August 13, 2021Insurance

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

By D@ljit1967 August 13, 2021IPO, Mutual Funds

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

By D@ljit1967 August 12, 2021Mutual Funds, NFO

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

By D@ljit1967 August 10, 2021Mutual Funds, 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…