But one question plays on everyone's mind, and that is whether the donated amount would actually help the right patient.
At UTI Mutual Fund, Nambiar managed UTI Long Term Equity Fund, UTI Midcap Fund, UTI India Consumer Fund, UTI Long Term Advantage Fund, and UTI Focussed Equity Fund.
This conundrum explains why SEBI has now decided to do away with all methods of valuation except mark to market method. This now takes away misuse of discretion out of MF hands.
Fund houses that have exposures to the beleaguered companies witnessed a fall in the average AUM last quarter
In 2016, Franklin Templeton India AMC had bought the troubled Jindal Steel and Power Ltd's debt securities from its debt schemes after these papers were downgraded twice earlier that year.
The liquidity arrangement may involve an aggregate outlay not more than Rs 500 crore and will be put in place shortly.
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.
Fund houses are caught in a trap of their own making
In the last quarter ending September 2018, HDFC Mutual Fund had stood at the second spot behind ICICI MF with quarterly average assets of Rs 3.06 lakh crore
As of December-end, HDFC MF manages assets to the tune of Rs 3.35 lakh crore, while those of ICICI Prudential MF stood at Rs 3.08 lakh crore, as per the latest data available with Association of Mutual funds in India (Amfi).
Kulkarni said in the past during elections there was no particular pattern visible in the market returns.
Profitability impact due to reduction in TER on existing assets will be limited or negligible, as HDFC AMC has decided to pass on most of the cost to the distributors. On the incremental flows, the P&L impact will be more gradual.
The open-ended exchange-traded scheme will invest up to 95 percent of its assets in securities covered by the S&P BSE Low Volatility Index
The first among the lot would be TCNS Clothing, which sells its products under W, Aurelia and Wishful brands, that will launch its Rs 1,125-crore initial share-sale this week.
Sebi's observations are necessary for any company to launch public issues like rights issue, initial public offer (IPO) and follow-on public offer (FPO).
The scheme will deploy its entire corpus in debt instruments, including securitised debt and money market instruments.
Filing of consent papers may expedite clearances required for HDFC Mutual Fund’s public offer
SEBI said in a status report that it has sent a letter to lead manager Kotak Mahindra Bank that proceedings have been kept in abeyance for examination of past violations.
The fund house will continue to manage the scheme for three more years, after which it will be merged with one of the existing open-ended equity schemes of the fund house.
Global events, sharp moderation in local flows and delays in NPA resolution under NCLT are the key risks to the market
Under this facility, the first SIP installment will be fixed by the investor and the subsequent instalments will be calculated as per a formula
Quant Capital assets under advisory was Rs 520 crore as on March 2017.
Equity savings funds invest more than 65 percent of their corpus in equity and are thereby treated at par with equity funds for taxation
The scheme will invest in stocks comprising the S&P BSE Quality Index