Altico Capital, on December 30, distributed available cash to lenders in proportion to their respective overdue aggregate principal amount outstanding and along with applicable interest, the fund house said in a statement.
Certain UTI Mutual Fund schemes invested in debt instruments of Altico Capital India Ltd that were downgraded to below investment grade by credit rating agencies on September 13, 2019.
According to Dongre, this fiscal's Nifty earnings could be in the range of 12-15 percent
The move will help prevent the distressed assets from damaging the returns generated from more liquid and better-performing assets.
Resulticks has worked with UTI MF to complete the initial implementation, data integration and commencement of communications across more than three channels.
Agarwal, who has more than 12 years of experience, worked with Centrum Broking as Senior Vice President-Fund Manager. He has also been associated with Lehman Brothers and Barclays Wealth
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.
In order to safeguard the interests of the existing investors in its funds, UTI MF has introduced an exit load with immediate effect from June 07
In January, the fund house cut its investment value in the SPV by 25 percent
The scheme will invest 95-100 percent in units issued by TRPF SICAV Global Focused Growth Equity Fund
The three schemes are UTI Arbitrage Fund, UTI Regular Savings Fund, and UTI Equity Savings Fund
Leo Puri resigned as MD and CEO of UTI Mutual Fund as his five-year contract ended on August 13
Leo Puri resigned as Managing Director and Chief Executive of UTI Mutual Fund as his five-year contract came to an end on August 13
T Rowe Price had filed a petition last week in the High Court seeking an extension of the term of Managing Director and Chief Executive Officer Leo Puri, whose tenure ended on Aug 13.
The open-end debt scheme will allocate at least 80 percent of its corpus in securities issued by the Centre or state governments or any security that is unconditionally guaranteed by the Centre or any state governments
In its petition, T Rowe Price International Ltd, which owns 26 percent of the UTI Asset Management Company, claimed the four public sector undertakings State Bank of India, Life Insurance Corporation, Punjab National Bank and Bank of Baroda were trying to stall the company's proposed IPO.
UTI Healthcare Fund will now be solely managed V.Srivatsa
The fund house has appointed Kamal Gada as fund manager for overseas investments under schemes that invest in foreign securities.
The scheme will invest its entire corpus in securities covered by the underlying index
He expects Nifty earnings growth to be in the range of 18-20 percent in FY19 and 14-15 percent in FY20
The revisions comes in the wake of Securities and Exchange Board of India's new regulations that require fund houses to harmonise all existing and future schemes into five broad categories and 36 sub-categories for ease in investing
Biometric verification will allow unit holders to invest any amount of money in the schemes of UTI Mutual Fund
IAF is a facility which can be availed through online mechanism that allows investors of mutual funds to access their funds invested in certain schemes, within a very short time
"Havells India Ltd has renewed the commercial paper issued to UTI Mutual Fund for an amount of Rs 150 crore for a period of 91 days at 6.23 per cent," Havells said in a regulatory filing today.
Earlier, the scheme was solely managed by Nambiar