The fund house has suspended lump-sum subscription, switch-ins, and fresh registration of systematic investment plan/systematic transfer plan under five schemes that invest in international stocks
Despite high growth, India's MF AUM-to-gross domestic product ratio is a low 16 per cent, against the global average of 74 per cent, he said
Gets $15 mn in equity from French investors, total fundraise reaches $100 mn
But the quantum of inflows, at Rs 203 crore, was much lower than the Rs 1,100 crore seen in April
The LIC management clarified on Tuesday that profit should be looked at from the full-year perspective
In March 2022, equity AUM for the industry stood at Rs 13.65 trillion higher than debt AUM of Rs 12.98 trillion, reveals data.
The net interest income for the March quarter came at Rs 4,601 crore compared to Rs 4,027 crore in the previous year
The number of asset management companies (AMCs) - managing at least some AUM - have declined from 45 to 42
The finance company has set a target of having AUM of about Rs 45,000 crore by 2025.
The asset under management (AUM) of non-banking financial companies (retail) is expected to grow 5-7 per cent in fiscal 2022 and 8-10 per cent in fiscal 2023, according to a report.
They are less likely to invite punitive action and hence can be rewarding, but lack track record
Company exploring entry into Bangladesh
LIC IPO: Profit after tax (PAT) went up 6.9 per cent to Rs 2,906.77 crore in FY21, its annual report showed.
As of September 2021, 61.67 per cent of LIC's AUM was held in participating policies, 37 per cent in non-participating policyholder investments, 1.15 per cent in unit-linked policies
Assets under management (AUM) of key equity scheme categories rose even as the US Federal Reserve's hawkish turn sent volatility soaring
Strong SIP book and new fund offers blaze the trail
Amfi shows that net AUM of FoFs investing overseas stood at Rs 24,189 crore in November, against Rs 7,642 crore a year ago.
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The size of environment, social, and governance-based fund investments in India from a global sustainability AUM perspective is currently negligible, but has been growing significantly
The combination of high returns and short lock-in they offer is not matched by other Section 80C products