UTI AMC stake
Three state-owned financial-sector entities - State Bank of India, Life Insurance Corporation of India and Bank of Baroda - on Friday moved the Supreme Court against the Securities Appellate Tribunal…
Mutual funds raise exposure to PSU banks
As covid-led uncertainties are gradually receding, mutual fund houses are increasing their exposure to the banking sector, especially in the PSU segment. . An analysis of India’s top 20 domestic mutual…
ICICI Pru MF to launch NFO
ICICI Prudential Mutual Fund has announced the launch of a flexicap fund, an open-ended equity scheme, which aims to provide capital appreciation by investing in equity and equity-related securities across…
SEBI bars Franklin Templeton from launching new debt schemes for 2 yrs
Market regulator SEBI has barred Franklin Templeton Asset Management (India) from launching new debt schemes for two years. In an order on Monday, the market watchdog also imposed a ₹5 crore…
Franklin Templeton investors to get ₹3,205 cr
SBI Funds Management (SBI MF) will distribute the fourth tranche of ₹3,205 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes during the week beginning Monday. With this, the…
Overseas Investment limit for MF raised to $1 billion
With international diversification getting more recognition, and investor flows moving into such mutual fund (MF) schemes, the market regulator SEBI has now increased the overseas investment limit to $1 billion.…
New Mutual Fund Players
Mutual fund business is buzzing with new entrants even as many firms await SEBI nod to enter the industry. This month, mutual fund industry saw the entry of two new…
AUM:ICICI Mutual displaces HDFC MF from second spot
ICICI Prudential Mutual Fund has regained its second spot in the list of asset under management as of April-end toppling HDFC MF. Interestingly, SBI Mutual Fund with AUM of ₹5.04…
IDFC MF changes name of dynamic equity fund to balanced advantage
IDFC Mutual Fund on Thursday announced that it has changed the name of its IDFC Dynamic Equity Fund to IDFC Balanced Advantage Fund to maintain uniformity with the peer category.…
Mutual funds add 81 lac investor accounts
The mutual fund industry added more than 81 lakh investor accounts in 2020-21, taking the total tally to 9.78 crore, and experts hope that the healthy growth in folios would continue…