Ballarpur Industries has made partial payment of only Rs 4 crore to IDBI Mutual Fund while the remaining Rs 26 crore is still pending
The third tranche of the government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 9,200 crore from investors, which is 3.7 times the amount sought to be raised.
The market is eagerly awaiting results of UP elections, impact of which will be marginal and will last for a short period only, believe Sunil Singhania, CIO-Equity, Investment at Reliance Mutual Fund.
The further fund offer (FFO) will open for anchor investors on March 14, while subscription for retail investors would begin from March 15 and will continue till March 17, sources said.
Mutual fund industry is likely to double its investor base and register growth in next three years, a top official of a leading mutual fund house said here.
Reliance Mutual Fund has filed draft offer documents with capital markets watchdog Sebi to garner funds for the government through a fresh tranche of the CPSE Exchange Traded Fund.
Reliance Mutual Fund Announces dividend under two schemes, the record date for declaration of dividend is March 03, 2017
Speaking at a panel discussion during the Mission Prosperity launch event, Maheswari said that funds that have not performed in a while tend to have a better outcome in the long-term.
From just Rs 4,000 crore per month, Sunil Singhania, CIO-Equity, Investment at Reliance Mutual Fund expects systematic investment plans to exceed USD 1-billion a month within the next year or two.
Reliance Banking Fund announces dividend, the record date for declaration of dividend is February 09, 2017
On February 1, 2017 Reliance Mutual Fund sold 2,57,950 shares of Ganesh Housing Corporation.
"Units issued under Further Fund Offer (FFO) of Reliance Mutual Fund CPSE ETF are available for trading on the exchange with effect from January 31, 2017," stock exchanges said in similarly worded circulars.
The second tranche sale of government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 12,000 crore from investors, which is twice the amount sought to be raised.
Reliance Mutual Fund CPSE ETF issue, which was opened for Anchor investors today, got oversubscribed by over 4 times, raising Rs 6,000 crore, by anchor investors.
Reliance Mutual Fund will launch second tranche of CPSE ETF tomorrow and it is open for subscription till January 20, 2017. Watch the interview of Feroze Azeez, Deputy CEO at Anand Rathi Private Wealth and Hemant Rustagi of Wiseinvest Advisors in which they shared their views of the CPSE ETF and whether one should be applying for that.
A good dividend yield coupled with a five percent upfront discount makes CPSE ETF attractive for investors, said Sunil Singhania, CIO - Equity Investments at Reliance Mutual Fund. The government plans to raise Rs 6,000 crore from the follow-on CPSE ETF fund offer which will open for subscription on January 17.
Reliance Mutual Fund, an arm of Reliance Capital will launch a further fund offer of CPSE ETF or Central Public Sector Enterprises Exchange Traded Fund on January 17 and the offer will remain open until January 20.
The issue size of further fund offer, which will open on January 17 and close on January 20, is Rs 4,500 crore with a greenshoe option of Rs 1,500 crore, Reliance Mutual Fund said in a statement.
The government will take a decision this month on a follow on offer for its CPSE ETF, managed by Reliance Mutual Fund, which will fetch about Rs 5,000 crore to the exchequer.
Markets regulator Sebi has cancelled the registration of Goldman Sachs Mutual Fund with immediate effect following the transfer of its schemes to Reliance Mutual Fund.