Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement
Inflows to equity mutual funds touch 11-month high of Rs 10,730 cr in February amid concerns over impact of coronavirus
Net inflows into equity and equity-linked schemes rose from Rs 7,547 crore in January to Rs 10,760 crore in February, data by the Association of Mutual Funds in India showed on Wednesday.
The mutual fund industry saw its asset base rise to an all-time high of Rs 27.85 lakh crore at the end of January, on the back of inflows in equity and debt-oriented schemes including liquid funds
Mutual fund houses grant more time to Essel Group for loan repayment; company makes some part payments to creditors
The fund houses had an outstanding of over Rs 11,000 crore from Essel Group and had done the unprecedented in granting it more time to repay even in the face of massive corrections in the share prices of ZEEL.
SEBI has now finalised the draft amendments to the prudential norms for mutual fund schemes for investment in debt and money market instruments.
International Equity Funds have a higher settlement period of up to five days as compared to three days for Indian Large Cap Funds
Mutual fund houses ask SEBI to give more time to Essel Group's promoters to rope in strategic investors
Essel Group has sealed a formal agreement with its lenders including mutual funds and NBFCs, to get time till September to de-leverage or pare its debt
Three former Tata group executives tie up with Quantum for $1 bn ESG fund; to invest in listed entities
The fund will take a private equity approach while investing, which entails deeper engagement with the management to influence strategy to enhance ESG performance.
Don't be in a hurry to make tax-saving investments; seek professional guidance based on financial goals
Final choice of the investor for choosing a tax-saving instrument depends upon various factors like risk profile, the kind of tax-saving instrument which can be linked to a specific goal, tenure, and the taxability status.
IL&FS fiasco singeing mutual fund investors: What happened to fund houses’ much-vaunted research capabilities?
That IL&FS would default to its bondholders could have been easily ferreted out had the fund houses upped their ante on the back of their famed research capabilities.
The asset base of mutual fund industry is likely to double to nearly Rs 50 lakh crore in the next five years owing to a large working population with better job opportunities and shifting of investors' preference to such financial products, HDFC Chairman Deepak Parekh said on Thursday
India’s debt mutual fund managers need to be vigilant and appropriately value their investments in corporate papers, even as a bulk of the money comes from institutional investors, the chief of the country’s market regulator said on Thursday
HDFC AMC's net profit jumps 25% to Rs 205.26 crore in June quarter; total revenues rises to Rs 501.15 crore
HDFC AMC is the second-largest fund house in the country in terms of total assets under management after ICICI Prudential Mutual Fund.
Yes Asset Management will launch fund offerings across the spectrum of both debt and equity markets over the next 6-12 months
Free banking services out of GST net, says revenue department; mutual fund exit load to attract levy
Last month, the Department of Financial Services had approached the revenue department seeking exemption of these transactions from GST after the banks received service tax notice for free services offered to their clients.
The survey findings indicate that markets watchdog Sebi's investor awareness campaigns have finally begun to bear fruit, and come amidst the recent rally in the markets making Dalal Street the best performing large market this year.
Fyers has introduced a thematic investment platform that allows anyone to invest in their ideas, without actually looking at the stocks.
With the government's latest measures expected to take the sheen off physical gold, investors today flocked to buy gold ETFs and sovereign gold bonds on stock exchanges.