HSBC in talks to buy L&T Mutual Fund
HSBC Mutual Fund is in talks to buy the mutual fund arm of L&T Finance Holdings for Rs 2500 crore – Rs 3000 crore to grow its asset management business…
Franklin to Distribute Rs 2918.5 crore to unitholders of six debt schemes
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
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
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…