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…
SEBI Plans to increase Liquidity in ETFs
Markets regulator Sebi is examining steps to improve liquidity in the exchange-traded funds segment on stock exchange platforms. Globally, passive funds such as index funds and exchange traded funds (ETFs)…
Deposit insurance up to 5 lac
The Union Cabinet on Wednesday approved amendment to the DICGC Act to provide account holders access to up to Rs 5 lakh funds within 90 days of a bank coming…
MF’s to Create Common Transactions Platform
The Securities and Exchange Board of India (Sebi) has asked mutual fund Registrar and Transfer Agents (RTAs) to develop a common industry wide platform for purchase and sale of mutual…
Tata MF Launched Business Cycle Fund
Tata Business Cycle Fund aims to deploy the business cycle approach to identify economic trends and invest in sectors and stocks that are likely to outperform, a release issued by…
Nippon India to Launch Flexi Cap Fund
Nippon Life India Asset Management (NAM India), asset manager of Nippon India Mutual Fund (NIMF) today announced the launch of Nippon India Flexi Cap Fund. It is an open-ended dynamic…