Fixed deposits and tax-free bonds seem to be among the most favoured financial investments for the political leaders fighting the 2019 Lok Sabha polls
Last month, Sebi had directed fund houses to disclose annual remuneration of all employees earning Rs 1.02 crore or above within one month of a financial year, starting with 2016-17
CPSE ETF, comprising scrips of 10 PSUs, was launched in March 2014 under which retail investors have to invest a minimum of Rs 5,000 to buy units.
Top fund house HDFC Mutual Fund's chief Milind Barve has got a total remuneration of Rs 26.21 crore for the latest fiscal 2015-16, but a large portion came from exercise of ESOPs previously granted to him.
RCAM will acquire all 12 onshore mutual fund schemes of Goldman Sachs Asset Management India with total asset under management of Rs 7,132 crore
Reliance MF takes second position with PAT of Rs 357 crore last fiscal
Showing a strong surge in retail investor interest, top fund house Reliance Mutual Fund has seen the number of its new 'Systematic Investment Plans' grow three-times to 50,000 per month.
Japanese financial services giant Nippon will hike its stake in India's top fund house Reliance Mutual Fund from 26 per cent to 49 per cent, while investing Rs 657 crore for the first tranche of nine per cent.
Most asset management companies are not at all profitable. If they can't make money even for themselves, how are they supposed to do that for you?