According to market sources, E A Sundaram CIO-equities at DHFL Pramerica Mutual Fund has relinquished from this duties and Ravuri may take over as CIO.
India has a strong position vis-à-vis other emerging markets (both in terms of growth and external debt), and the fall in crude only strengthens our macro picture, said Alok Agarwal, Senior Fund Manager-Equity, DHFL Pramerica Mutual Fund
Iyer had joined the fund house as CEO in March
Earlier, an exit load of a percent was levied on redemption or switch-out of all units within one year from the allotment date.
The fund house has has lowered the minimum application amount for lump sum investments, systematic investment and transfer plans under two schemes.
The minimum redemption amount will be 100 rupees and in multiples of 1 rupee thereafter
DHFL Pramerica Mutual Fund has been witnessing inflows in its large cap fund, balanced fund and equity linked savings scheme.
Prior to joining DHFL Pramerica AMC, Iyer was working as Senior Executive Director and Head – Investment Advisory Services & Family Office at Kotak Wealth Management
The fund house has revised the fund management structure of eleven schemes
The close-ended debt scheme was launched on Nov 18, 2014, and was scheduled to mature on Nov 21
Alok Agarwal and Avinash Agarwal will oversee the equity scheme at DHFL Pramerica Mutual Fund
In his new role, Menon will head the company’s sales, distribution and marketing functions
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 move to withdraw high-denomination notes is expected to dent immediate consumption in the medium-term, but will have a positive impact on growth and inflation in the long run, says Kumaresh Ramakrishnan, Head-Fixed Income at DHFL Pramerica Mutual Fund.
In an interview to CNBC-TV18, BP Singh of DHFL Pramerica Mutual Fund shared his reading and outlook on the market and also gave recommendations on various stocks.
DHFL Pramerica Mutual Fund launches new fund as DHFL Pramerica Tax Savings Fund, an open ended scheme with the primary objective to generate long-term capital appreciation by predominantly investing in equity & equity related instruments.