However, the scheme's exposure to Indian securities should not exceed 25 per cent
Move to address concerns around AMCs losing first-mover advantage due to public disclosure
Individually, penalty of Rs 8 lakh was levied on Edelweiss Asset Management and Rs 4 lakh each on Gupta and Bhattacharya, according to an order passed by Sebi
According to MF executives, the surge in new investors is underpinned by the growing appeal of equity investments
Equity schemes continue to witness net inflows, driven by SIPs
The market regulator had issued the notification on the inclusion of MF units under PIT in November 2022, but it is being made effective now after consultation with industry bodies and members
The inflow trend persists despite concerns raised by market regulator Sebi over heightened inflows into small-cap and mid-cap funds
New applications serve as launchpad for diversifying business and expanding capital market reach
Inflows into equity schemes positive for 43rd; MF industry AUM tops Rs 68 trn
Average AUM in Q2FY25 rises 12.3% sequentially to Rs 66.2 trillion
The fund will invest only in companies listed in India for now but has the mandate to invest in overseas stocks
New script, new benchmark: Curtain to rise on a new act as largecap eligibility cut-off approaches Rs 1 trillion ahead of January review
Jio's entry in the MF space is expected to spruce up the competition in the industry which currently has over Rs 66 trillion in assets under management
The companies signed a second joint venture in April to set up a wealth management and broking business in the country
WhiteOak Capital and ICICI Prudential have sought regulatory approval for a first-of-its-kind active quality fund
Aditya Birla Sun Life ends trading day 4.4% higher
20% smallcap and midcap investment leeway to keep largecap expansion in abeyance
The fund has three managers: Sunaina da Cunha, who has managed the fund since April 2017; Mohit Sharma, since August 2020; and Dhaval Joshi, since November 2022
The Securities and Exchange Board of India (Sebi) has sought public comments till October 18 on the proposals
Madhabi Puri Buch calls for greater participation in voting on corporate resolutions; advocates healthier growth in the corporate bond market