PGIM India MF launches multicap fund; Axis MF floats consumption fund

PGIM India MF launches multicap fund

PGIM India Mutual Fund on Thursday launched its multicap fund, which will invest across larg­ecap, midcap,and smallcap stocks with a mini­mum allocation of 25 per cent in each of three market capitalisation segments. “The scheme also has a provision to take exposure in debt (up to 25 per cent) and up to 20 per cent in foreign securities,” the fund house said. BS reporter

Axis Mutual Fund floats consumption fund

Axis Mutual Fund on Thursday announced the launch of a consumption fund which will invest in firms across sectors like FMCG, consu­mer discr­etionary, retailing, auto, and realty. “The fund would provi­de investors with anexposure to industries poised to benefit from ongoing structural and cultural sh­i­fts in consumer beha­viour,” the fund house said.  BS reporter

 

Premier Energies’ Rs 2,830 cr IPO to open on Aug 27

Solar cell and module manufacturer Premier Energies on Thursday said it has fixed a price band of Rs 427-450 a share for its Rs 2,830 crore initial public offering (IPO). The initial share sale will open on August 27 and conclude on August 29 and the bidding for anchor investors will open for a day on August 26, the firm said. PTI

Dish TV fined by BSE, NSE for lacking board strength 

Direct-to-home operator Dish TV has been fined Rs 12.74 lakh by BSE and NSE for lack of quorum on its board, according to a regulatory filing by the company. Earlier also, Dish TV had received notices from the bourses on February 22, 2024, and August 21, 2023. PTI