ASSET MANAGEMENT COMPANIES
Midcap going to be the most exciting space: Sundaram AMC’s Sunil SubramaniamHe believes that India is delicious poised supported by low-interest rates and low inflation.
- HDFC AMC Q3 profit rises by 5% to Rs 369.26 crore
HDFC Asset Management Company (AMC) on Wednesday reported a 5 per cent increase in profit after tax at Rs 369.26 crore for three months end...
- HDFC AMC Q3 results: PAT rises 5% to Rs 369 cr
In comparison, it had posted a profit after tax (PAT) of Rs 352.55 crore in the year-ago period, HDFC AMC said in a regulatory filing to st...
- Sundaram Finance makes key changes in management
The changes include the appointment of Rajiv Lochan as Managing Director succeeding T T Srinivasaraghavan with effect from April 1, 2021, t...
- Index funds gaining traction as large-caps lag in returns
Data from mutual fund industry body AMFI show that the number of folios in index funds doubled from 4.05 lakh to 8.11 lakh in the last 13 m...
- Unitholders have voted for shutting down six Franklin debt schemes
About 96-98% of the unitholders in the schemes voted for winding up, according to people familiar with the matter. The apex court said obje...
- Stock market update: 72 stocks hit 52-week highs on NSE
Overall, 10 shares were trading in green in Nifty50 index, while 40 were trading in red in the afternoon trade.
- Mutual Funds bet on NBFCs, auto and solar themes in December
In December, fund houses allocated some money to NBFCs including housing finance companies, which could be beneficiaries of the expected re...
- Crossed 2020-21 AUM target of Rs 8,000 crore by Q3: PGIM India MF
PGIM India Mutual Fund has crossed the full-year 2020-21 AUM target of Rs 8,000 crore by the December quarter, a senior company official ha...
- Union AMC aims to double AUM to Rs 10,000 crore
Union AMC's plan also comes against the backdrop of the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India, which is...
- Sebi extends date of implementation of uniformity in applicability of NAV for MFs
“Upon consideration of the subsequent representation received from AMFI regarding operational challenges, it has been decided to extend the...
- Sebi eases profitability criteria for mutual fund sponsors
The regulator has also decided to segregate and ring-fence assets and liabilities of mutual fund schemes, Sebi said in a statement after it...
- Franklin India says investors may lose money if plan spurned
Franklin Templeton Asset Management India warned investors of potential losses if they vote against its plan to wind up more than $4 billi...
- Sachin Relekar of LIC MF joins IDFC Mutual Fund as senior fund manager
IDFC Asset Management Company has appointed Sachin Relekar as Senior Fund Manager in the equity investment team. Relekar was the Chief Inve...
- Mirae Asset Mutual Fund launches Banking & Financial Services Fund
Mirae Asset Investment Managers India announced the launch of the Mirae Asset Banking & Financial Services Fund on Thursday.
- RBI nixes Muthoot Finance's plan to acquire IDBI Mutual Fund
Muthoot Finance had proposed to purchase 100 equity shares of IDBI AMC and IDBI MF Trustee Company held by the sellers for a total consider...
- RBI rejects Muthoot Finance's proposal to acquire IDBI Asset Management Company
IDBI Bank, which was planning to sell its mutual fund business for Rs 215 crore to comply with regulations, will now have to find a new buy...
- IIFL AMC suspends services of employee named by Sebi in front running case
IIFL Asset Management Company (AMC) on Sunday said it has suspended the services of its employee, Santosh B Singh, named by markets regulat...
- Principal Asset Management launches large cap fund
Principal Asset Management has launched the Principal Large Cap Fund. The NFO is open for subscription from 28th September to 12th October.
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