Yields of popular debt schemes touch 7.5%, the highest since Covid outbreak
Naren said after a long time the need for money in the deposit market has come and we see hikes in bank deposit rates
This 'buy low and sell high' strategy has not always worked for them
Replace high-cost credit card debt with lower-cost loan against an asset
According to the registrar and transfer agent (RTA), the phone number and email ids can be the same only for those folios which are linked to the same PAN card.
While Amit had stayed invested for a long time, avoided leverage, and shunned investment-cum-insurance policies, unplanned investments and mindless diversification had produced a disappointing outcome
We remain excited about the prospects of this business and remain committed to investing in its growth, said Edelweiss MF CEO
Sebi said that the placement memorandum, contribution agreement or other fund documents of LVF need to lay down terms and conditions for extension of the tenure beyond two years
Capital markets regulator Sebi on Thursday said Principal Mutual Fund (PMF) now ceases to exist as a mutual fund. This comes after Asset Management Private Limited (Principal AMC) had informed Sebi that it wanted to surrender the registration granted to PMF by the regulator. Following this, Sebi accepted the request for surrender of certificate of registration of PMF. "Consequently, PMF ceases to exist as a mutual fund with effect from June 2, 2022," the Securities and Exchange Board of India (Sebi) said in a statement. It further said PMF will continue to be liable for all liabilities, including monetary penalties, violations, if any, of the provisions of Sebi Act and mutual fund rules that have taken place before its surrender of certificate of registration. In January 2021, Sundaram Asset Management Company announced acquiring smaller rival Principal Asset Management for an undisclosed sum. Principal had over Rs 7,447 crore in assets under management as on December 2020, with
The industry has seen a flurry of applicants in the past few months, including Samir Arora-led Helios Capital and Rakesh Jhunjhunwala's Alchemy Capital among others
Fed policy action will have a bearing on risk assets and global liquidity, says Amit Tripathi
The fund is an open-ended medium-term debt scheme
This amounts to 71 per cent of assets under management (AUM) as on April 23, 2020
SIP AUMs have seen a close to four-fold jump to Rs 4,67,366 crore as of May this year from Rs 1,25,394 crore as of August 2016.
This amounts to 58 per cent of the assets under management of the six schemes on April 23, 2020, when the fund house decided to wind them up
Index funds, ETFs, overnight funds and close-ended funds have been exempted from the new rule.
Statement follows reports that FT global head wrote to Indian ambassador that the asset manager would be forced to cut jobs and pull back India operations in case Sebi levies a large fine
Building a diversified portfolio will protect against big drawdowns in value
In this podcast, Business Standard's Sanjay Kumar Singh explains the difference between active and passive funds, why should an investor get into passive funds and more
Outflows stood at over Rs 3,500 crore in July as investors took advantage of market rebound amid Covid uncertainty