Equity, liquid, debt and arbitrage were the themes for which the mutual fund houses filed the applications
Desai will replace Jahnvee Shah, who will now be the co-fund manager for Reliance Consumption Fund
The open-ended scheme will deploy its entire corpus in debt securities and money market instruments
The open-ended equity scheme will invest at least 65 percent of its corpus in equity and equity-related instruments of small cap companies
Under the facility, investors can redeem a fixed percentage of net asset value of units on a monthly basis
ICICI Prudential Mutual Fund has suspended subscriptions in six schemes from May 21
This follows an addition of 1.6 crore investors account in entire 2017-18, over 67 lakh folios in 2016-17 and 59 lakh in 2015-16.
Accordingly, Union Mutual Fund will now be co-sponsored by Union Bank of India and Dai-ichi Life
The fund house will also elevate Rohit Singhania, Senior Vice President, as Co-Head – Equities
Global investors across the board are of the view that the Indian economy is poised for significant growth
The open-ended equity scheme will invest at least 80 percent of its corpus corpus in equity and equity-related instruments of services sector
Sahai will manage HSBC Small Cap Equity Fund, while Bhupal will oversee HSBC Infrastructure Equity Fund.
The revision comes in the wake of guidelines released by the Securities and Exchange Board of India (SEBI) on October 6.
On May 7, the DSP Group announced that they will buy out BlackRock’s 40 percent stake in DSP BlackRock Investment Managers
Quant Money Managers Ltd is the investment manager to Escort Mutual Fund
The first round of bidding for the acquisition which closed on May 8, received bids between Rs 3,500 crore and Rs 4,000 crore.
Lumpsum investments in the scheme were suspended since Sep 30, 2014
In comparison, assets under management (AUM) of the MF industry, comprising 42 players, were at Rs 21.36 lakh crore in March-end, according to the latest update with Association of Mutual Fund in India (Amfi).
The open-ended debt scheme will invest its entire corpus in money market instruments
DSP BlackRock Investment Managers is a 40:60 joint venture between BlackRock and DSP Group
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.
Moneycontrol last week had e-mailed DSP BlackRock Investment Managers with a query pertaining to the split. The company's reply was: "The stake sale is highly speculative. We strongly deny this."
If Maheshwari decides to move on, this would be the third senior level exit at DSP BlackRock AMC in under two years
He expects Nifty earnings growth to be in the range of 18-20 percent in FY19 and 14-15 percent in FY20
Mutual fund experts said that the rise in asset base of smaller towns could be because of the demonetisation effect and strong participation from retail investors.