BUSINESS
Mutual funds line up equity new fund offers, but will investors partake?
Close to 15 equity schemes from various mutual funds have sought the Securities and Exchange Board of India’s approval to launch equity schemes in the current financial year
BUSINESS
Mutual funds add 8.62 lakh folios in July; liquid funds lead
Liquid funds added 41,454 accounts last month. Fund managers attributed the addition in folios of liquid funds to a reversal of June outflows
BUSINESS
Will acquisition of Adityaa Milk aid HUL to beat leader Amul in ice cream space?
The proposed acquisition is in line with HUL's strategic intent to strengthen its position in the rapidly growing ice cream and frozen dessert market in India
BUSINESS
A look at how HDFC AMC fared vs Reliance Nippon AMC on listing day
Today, HDFC AMC stock was listed at Rs 1,738 on the NSE, up 58 percent as compared to the issue price of Rs 1,100 per share
BUSINESS
This week in FMCG: Most companies post profits in Q1 on low base
The double-digit volume growth of fast moving consumer goods companies have been fuelled by rural India
BUSINESS
AI disruption: Is robo-advisory a threat to financial planners?
The financial services ecosystem is witnessing a rapid technological change
BUSINESS
This week in MFs: Retail investors prefer regular plans over direct ones
Among other developments this week, the story that created the maximum buzz was the one on SEBI writing a letter to the heads of AMCs and AMFI
BUSINESS
Titan MD Bhaskar Bhat says to expand saree brand Taneira to metro cities
The company launched its first Taneira store in Bengaluru in February 2017 and plans to expand its reach to other cities such as Mumbai, Delhi, Hyderabad, and Chennai.
BUSINESS
What is driving SIP inflows even when equity markets are volatile?
Currently, domestic mutual funds have about 2.29 crore active SIP accounts
BUSINESS
Axis Mutual Fund aims to raise Rs 1,500 crore via NFO of equity hybrid scheme
The scheme will remain open for subscription until Aug 3. The scheme will deploy 65-80% of its corpus in equities and 20-35% in debt
BUSINESS
SIPs remain most-preferred route into MF schemes in June, garner a record Rs 7,500 crore
Mutual funds attributed the increased interest in SIPs to investor education and robust performance of equity schemes
BUSINESS
This week in MFs: Avendus Capital to acquire IDFC AMC
The deal value is not yet known but generally, fund houses are valued at 6-7 percent of the total asset under management.
BUSINESS
Exclusive | Avendus in last lap to acquire IDFC AMC
Kohlberg Kravis Roberts and Co (KKR), a global private equity (PE) firm is an investor in Avendus Capital. Avendus Capital has raised Rs 1,000 crore in the last two years.
BUSINESS
FMCG Preview: Revival in rural markets to boost profits in Q1FY19
Brokerages forecast aggregate revenue, EBITDA and PAT growth of 13.5 percent, 21.8 percent and 22.7 percent, respectively for 1QFY19E
BUSINESS
Bombay Dyeing’s CEO Aloke Banerjee says open to inorganic growth
In August, the company plans to launch readymade shirts for men, which will be launched firstly with the Bombay Dyeing exclusive outlets and then with Multi Brand Outlets (MBOs) across the country
BUSINESS
This week in Mutual Funds: Domestic MF's AUM skewed to top 20 fund houses?
Of the total, Rs 23.40 lakh crore quarterly AUM as of 43 mutual fund players, Rs 22 lakh crore was managed by top 20 fund houses
BUSINESS
Starbucks to open more than 25 outlets in FY19: Veetika Deoras
Deoras said brew as a platform is a very strategic platform and the company is focused on enhancing brewed coffee products.
BUSINESS
Pharma funds lead in 1-month average returns chart; infra funds worst hit
Pharma funds category was followed by information technology funds that delivered 2.27 percent average returns during the same period.
BUSINESS
Thirsty for more: Bisleri eyes Rs 5,000 crore revenue by 2022, says director Anjana Ghosh
Bisleri produces approximately 15 crore bottles in a month
BUSINESS
One year of GST: Sales recover but retailers seek ease of tax filing
The retail industry was among the ones most directly impacted by GST’s rollout.
BUSINESS
India’s top 20 distributors manage 24% of total AUM
AMFI data shows that these distributors managed close to Rs 5 lakh crore as on March 2018
BUSINESS
MFs cut trail commissions after SEBI reduces total expense ratio for investors
As many as eight fund houses have reduced trail commissions and others are in the process of doing so
BUSINESS
This week in MF: Fund houses line up pharma, healthcare funds to tap sector potential
Fund managers believe that share valuations of the pharma companies are cheap, given their prolonged underperformance in the past three years leaving room for significant potential upside
BUSINESS
AI and machine learning are transforming banking, finance and insurance industry, says State Street's Andrew Erickson
With presence in over 30 countries, State Street Corporation automates processes and integrates global platforms that help clients get real-time access to a full range of risk management,.
