Mutual funds add over Rs 4 lakh cr to asset base in 2019; industry expects momentum to continue in 2020
It was because of strong inflows into debt-oriented schemes that saved 2019 from being a "dark-dull year of investing" as inflows into equity funds has dropped this year due to a volatile market
In April 2015, Gautam Thapar's Avantha Group sold its entire holding of 34.37 percent in the demerged consumer products business of Crompton Greaves to Advent International and Temasek for Rs 2,000 crore
EPFO appoints UTI AMC, SBI Mutual Fund as fund managers; approves proposal for early redemption of Rs 700-cr investment in DHFL bonds
The EPFO had appointed multiple fund managers for the first time in July 2008 for earning better rate of return on deposits for its subscribers.
Retirement fund manager EPFO is likely to appoint next week at its trustees' meet asset management firms HSBC AMC, UTI AMC and SBI Mutual Fund as its fund managers for a three-year term
Emami 's shares advanced 14.80 percent to close at Rs 407.60 on BSE. During the day, it jumped 17.64 percent to Rs 417.70
The Emami Group on Monday said its promoters have sold 10 percent stake in the flagship firm Emami Ltd for around Rs 1,600 crore
SBI Mutual Fund had approached SEBI with a plea under the settlement regulation "without admitting or denying the findings of fact and conclusions of law".
The SBI chief hinted that both deposit and lending rates will come down due to the easing cycle which is prevailing at present.
Following Sebi's order to merge non performing MFs, SBI mutual funds will merge two of its funds to give better return to its investors.
SBI Mutual Fund has put in place a speech-enabled Interactive Voice Response Solution with Datacraft's help.
Subhojit Roy, CIO, SBI Mutual Fund, discusses the challenges associated with information security and compliance initiatives.