However, the stake sale is subject to regulatory approvals from the Reserve Bank of India and Department of Financial Services, Ministry of Finance, Govt. of India
The top 10 investors in the smallcap and midcap schemes have an aggregate holding of 1.54 per cent and 0.91 per cent, respectively
Singh mentions that the only headwind for the market could emerge on the rural demand front
Fund houses asked to consider placing caps on investment, prevent first mover advantage
The fund aims to provide capital growth and current income through a portfolio invested predominantly in equities, with a balance in debt and money market securities
PPFAS, Quantum, Mahindra Manulife among those to launch new products
With new CEO at helm, fund house to focus on performance, distribution reach
Proposes to give greater control to investors in terms of changes, additional inputs
Fund managers' preference for sovereign bonds in the recent past has also impacted MFs' corporate bond investments
Vora says investors should look at longer duration to benefit from the decline in interest rates
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Elevated MF returns, preference for SIPs led to net additions of 15 mn accounts
Data from the Association of Mutual Funds in India shows that the industry's average AUM for Q4CY23 was Rs 49.2 trillion, up from Rs 40.3 trillion in the same period of CY22
Valuation is comfortable for large-caps, but there is little margin of safety in the broader market categories, analysts said
2023 was a busy year for regulators like the Reserve Bank of India and the Securities and Exchange Board of India. Here are the 10 key changes on the regulatory front
Before investing, understand the fund's portfolio composition, and whether it suits your risk appetite and horizon
To invest in a small-cap index fund of a life insurance company, a customer will need to invest in a ULIP
The net inflows were also supported by the surge in investments coming through the systematic investment plan (SIP) route
At the end of September, the regulator had only 2 pending applications
At the end of September 2023, the industry AUM stood at Rs 47.8 trillion