IDFC MF

Gunwani, who left Nippon India MF in November last year, will replace Anoop Bhaskar, who is moving out of IDFC MF

Nearly 40% NFOs filed since July are for these passive debt funds

The deal will make Bandhan Financial Holdings the latest banking group foray into the Rs 38-trillion domestic mutual fund (MF) industry

More acquisitions likely going ahead, say industry experts

IDFC and IDFC Financial Holdings will sell their entire shareholding in IDFC AMC and IDFC AMC Trustee to a consortium led by Bandhan Financial Holding Limited for Rs 4,500 crore

While Mittal believes that time spent in market is a positive and can be helpful, there is no magic number of between 30 and 35 years at which to set a minimum threshold for experience, as per him

Buyers didn't go-ahead with the deal as at valuation of Rs 35 billion, IDFC was looking for an earnings multiple of 65 times its trailing 12-month earnings