Dividend payout option has to be renamed as "Payout of Income Distribution cum capital withdrawal option," the regulator said in a circular
Franklin Templeton Mutual Fund on Friday said its six shut schemes have received Rs 8,262 crore from maturities, pre-payments and coupon payments since closing down in April
Until now, investors who gave a cheque for below Rs 200,000 got the same day's NAV, while those putting more got the NAV of the day when the cheque was realised
Half a dozen stocks tipped to exit large-cap bucket, with 17 leaving the mid-cap universe
Aversion to debt products has contributed to renewed interest in the category
As many as 32 mutual fund schemes have exposure to bank's AT-1 bonds
After corporate entity is downgraded to 'D', fund houses need to take at least 75% markdown
Regulator makes side-pocket mandatory for resolution process; over 100 exposed schemes fail to make the cut
Now that solution-oriented funds will have a lock-in of five years, most investors will be better off investing in open-end diversified equity funds to achieve similar investment outcomes
Sector officials say inflow continues to remain strong and the tally could be in line with previous months
On an absolute basis, the gross redemption figure hasn't seen a sharp decline
Particularly, several feeder funds with exposure to international markets have delivered stellar returns