Devalkar has been with the fund house for over seven years and has been managing its bluechip, mid-cap, small-cap and flexi-cap funds
SBI first revealed its intentions to take the mutual fund subsidiary public on December 15, 2021, with the aim of raising $1 billion
During recent run-up in share prices, positives have been factored in: Analysts
Franklin Templeton aims to rejuvenate its presence in the debt space with Rahul Goswami leading the charge
Megatrends investing strategy is suited for a flexicap fund as it selects companies that have strong growth potential based on the long-term changes in the businesses, says Nimesh Chandan
Sustained rise in flows via SIPs lifts distributor share in AUM
We can derive comfort from the fact that the real rates, across economies, are now mostly positive: Tripathi
Sitharaman urges financial regulators to maintain a balance between light-touch regulation and full-fledged supervision
Both Sebi initiatives aimed at developing corporate bond market
Mutual funds stays away after Sebi valuation norm change
Move marks re-entry of world's largest asset manager in domestic market
Edelweiss MF latest to join bandwagon after cutting Nifty50 TER to 0.05%
MFs onboarded only 1.6 mn new unique investors in H1CY23
UTI MF launches new fund; 360 ONE and Bajaj Finserv file papers
However, Sebi announced in June that it was re-evaluating these plans, citing industry-provided data
The ongoing rally has been driven by foreign investors. In the April-June quarter of the 2023-24 financial year (Q1FY24), they pumped in over Rs 1 trillion into the Indian market
Rise in distribution commissions outpaces MF industry's asset growth in FY23
Automobile, capital goods among top overweights for domestic funds
'From a near-term point of view, there is exuberance and that's leading to some challenges'
Investors have pulled out Rs 875 crore between April and June from these schemes amid tax changes