LIC MF looks to take AUM to Rs 25,000 crore by March
LIC AMC is one of the oldest fund houses but has been a passive player all this while keeping the parent LIC's risk-averse investing culture. As a result, its AUM…
White Oak Capital gets SEBI approval to start MF Business
White Oak Capital group, which had acquired YES Mutual Fund through its subsidiary GPL Finance in August 2020, has now got the go-ahead from SEBI to run the mutual fund…
Zerodha gets in-principle approval from SEBI to start mutual fund business
India’s largest broking firm Zerodha has received in-principle approval to set up an asset management company (AMC) company. With this, the discount brokerage joins entities like Samco Securities and Bajaj…
IBHFL gets CCI approval to divest MF business to Groww
Indiabulls Housing Finance (IBHFL) has received the CCI approval to divest its mutual fund business to Groww for Rs 175 crore. The company's wholly-owned subsidiaries Indiabulls Asset Management Company Ltd…
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…
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…
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…