BUSINESS
Top 10 wealth creator mutual fund schemes of 2017
Market experts said that consumption sector is expected to continue its robust performance in 2018 as well.
BUSINESS
Are Bitcoins worth a bet? HNIs come calling but regulators yet to buy in
Bitcon’s price has skyrocketed from USD 800 in January 2017 to slightly over USD 17,000 on Friday.
BUSINESS
Aditya Birla Sun Life MF to rename dividend option under Banking & PSU Fund
The dividend option under the scheme will be renamed as monthly dividend option, while half yearly dividend option will be replaced by weekly dividend option.
BUSINESS
NSE introduces paperless e-mandate facility for mutual fund platform
E-mandate facility would help members or MF distributors to reduce the SIP registration cycle to just two to three days
BUSINESS
IDFC Mutual Fund launches chat interface for resolving investor queries
Investors can use this option for making purchases, redemptions and switches in their folio
BUSINESS
Invesco MF appoints Prateek Jain as senior manager-fixed income
Earlier, Jain held the position of fixed income dealer at Principal Pnb Asset Management Co Pvt Ltd.
BUSINESS
MF unit holders have 3 more months to link Aadhaar with folios
The government has extended the deadline to link Aadhaar with bank accounts from December 31, 2017 to March 31, 2018.
BUSINESS
DHFL Pramerica MF allows unit holders to get unclaimed funds via phone
Unit holders can claim the amount by availing the 'anywhere transact facility' provided by the fund house
BUSINESS
Credit Suisse sees India's macroeconomic visibility improving in 2018
As the 2019 general elections get closer, state elections are likely to get more market attention, believes Neelkanth Mishra of Credit Suisse.
BUSINESS
Puneet Pal steps down as Fixed Income Head of BNP Paribas MF
BNP Paribas Mutual Fund has changed the management of eight debt schemes that were co-managed by Pal and Mayank Prakash
BUSINESS
Sharekhan aims to achieve 30% of MF business through online platform InstaMF
The entire process of fund transfer and investing happens instantly through partner banks
BUSINESS
SEBI mulls discussion paper on total expense ratio on MFs
SEBI's whole time member G Mahalingam was addressing 12th edition of CII Mutual Fund Summit held in Mumbai today.
BUSINESS
SEBI's Mahalingam tells MF industry be prepared, gush of inflows can reverse
The Securities and Exchange Board’s Whole Time Member G Mahalingam today cautioned the 43-player MF industry that the gush of inflows in the AMC industry can reverse and industry needs to be prepared for the worst.
BUSINESS
ICICI Pru MF's Bharat 22 ETF saw redemption of over Rs 1,000 cr on first day of listing
The spokesperson confirmed that there were redemptions on the first day of listing.
BUSINESS
Essel Finance appoints Viral Berawala as CIO of Essel Mutual Fund
Prior to joining Essel Finance, Berawala served as the Chief Investment Officer at Reliance Life Insurance Company
BUSINESS
Mutual funds say SEBI only partly modified norms on MF categorisation
The market regulator clarified some norms for mutual fund classification that will make compliance easier for asset managers
BUSINESS
UTI Mutual Fund starts Aadhaar based e-KYC registration for investors
Biometric verification will allow unit holders to invest any amount of money in the schemes of UTI Mutual Fund
BUSINESS
Union Mutual Fund launches open-ended dynamic asset allocation fund; offer to end Dec 15
The minimum application amount under the scheme is Rs 5,000 and in multiples of one rupee thereafter.
BUSINESS
Digital, disruptive tech to enhance reach in fin services industry: Reliance MF CEO
Demonetization, digital India gave a positive push to financial services sector and will continue to aid the sector, said Sundeep Sikka, Executive Director and Chief Executive Officer, Reliance Mutual Fund.
BUSINESS
AU Small Finance Bank in pact to sell mutual fund schemes
The bank has tied up with 11 mutual funds for selling schemes
BUSINESS
HDFC Mutual Fund seeks SEBI nod for quality index ETF
The scheme will invest in stocks comprising the S&P BSE Quality Index
BUSINESS
HSBC Mutual Fund to introduce any-date monthly SIP for all schemes
Unitholders will be allowed to select any date for their instalments under the monthly systematic investment plan
BUSINESS
EXCLUSIVE: Nestle, GSK Consumer cut prices by 5-12% to pass on GST benefits
GSK Consumer has cut the price of malted food drink Horlicks by nearly 5 percent for a 500-gm jar, while the price of 500-gm Boost has been cut by 4 percent, traders told Moneycontrol
BUSINESS
Axis Mutual Fund to launch multicap fund on Oct 30; offer to close Nov 13
An open-ended equity scheme that would invest in a diversified portfolio of stocks from across the market-cap spectrum
