Sebi had also ordered the fund house to compensate investors who had redeemed their units since the date of allotment of shares in the I-Sec IPO.
Should you invest in mutual fund IPOs? Check this out.
Property giant Dalian Wanda Group Co said on Wednesday it would buy a stake in Spanish soccer champions Atletico Madrid for 45 million euros ($52 million), becoming the first Chinese company to invest in a premier European football club.
The victory is seen as a huge boost to Chief Minster Narendra Modi, who has been plagued by dissidence within the state unit.
Unlike most MF distributors in India, Paytm Money will be offering low-cost direct plans, which don't charge for distribution expenses
NSO has pegged economic growth at 5 per cent in 2019-20 in its second advance estimates.
Retail investors have matured and have moved away from investing in only in-vogue products, says the managing director and chief executive officer of ICICI Prudential AMC.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
Apprehending a sharp decline in business, mutual funds including UTI AMC have asked Finance Minister P Chidambaram to exempt all debt instruments from the proposed 0.15 per cent transaction tax.
The government is not in favour of selling UTI Mutual Fund to a private player and has insisted that one of the existing sponsors buy it by this fiscal.
An unprecedented water crisis due to a dry spell.
This feat was achieved 25 years after the mutual funds industry was opened to private players. The industry now aims to achieve the next Rs 25 trillion in 5 years.
UTI Mutual Fund, said on Thursday that it plans to launch an offshore fund worth $50 million, which would offer both equity and debt schemes.
The death toll climbed to 15,301 with 407 new fatalities, according to the Union health ministry data.
As daily testing of samples of blood and throat and nose swabs crossed two lakh for the first time since the outbreak of the pandemic, over 14,000 new coronavirus cases were registered in the country for the fifth day in a row to take the total count to 4,56,183, according to the Union Health Ministry data.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Rs 4,200 crore (Rs 42 billion) Murugappa group is toying with the idea of including a foreign strategic partner in its mutual fund arm Cholamandalam AMC, which plans to double its business to Rs 2,500 crore within a year.
Most large fund houses, such as HDFC MF, ICICI Prudential AMC, Reliance MF, Reliance MF, Birla SunLife MF and SBI MF, have the backing of large banks or financial institutions, giving them reach and understanding, they say.
While its operating radius remains secret, a back-of-the-envelope calculation indicates it can easily strike targets 1,000 kilometres away and return to base.
At the young age of 15, Wang joined the People's Liberation Army as a guard.
At the start of 2016, HDFC Bank, Infosys, ICICI Bank, L&T and Axis Bank were the top five picks of fund managers
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The total AUM rose 40 per cent or Rs 6.3 lakh crore, to Rs 23 lakh crore at the end of November.
The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.
This was the second consecutive yearly outflow from such funds.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
InterGlobe Aviation has already raised Rs 832 crore from anchor investors.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While investing in mutual funds, it is essential that you focus on the turnover rate percentage of a mutual fund, which is bought and sold every year.
