However, the regulator has not quantified the minimum amount that needs to be invested by the fund houses.
With this, Samco, an online discount stock broker, will be the 45th player in the Rs 33-trillion MF space
The Flexicap fund from ICICI Prudential MF aims to follow a mix of top-down and bottom-up approach to spot opportunities in large-, mid- and small-cap spaces respectively
Three debt schemes see rise in NAVs of 2-14%
The month-end assets under management of the fund rose to Rs 24,669 crore in May 2021 from Rs 15,654 crore in June 2018.
Amfu data shows fund houses such as Quant MF, Trust MF, ITI MF, PPFAS MF and PGIM India MF were top performers in terms of average AUM accretion
The MD and CEO of the fund house says India remains attractive as firms have deleveraged, credit growth is very low, capex cycle is yet to revive and profit-to-GDP ratio is low too
Regulator cites obsession with high-risk strategies without factoring concomitant risks; fund house to appeal order
US-headquartered asset manager has been barred from launching any new debt scheme for two years
The unitholders of the six shut schemes of the Franklin Templeton Mutual Fund will get Rs 3,205.25 crore in the week starting from Monday.
Here are trading strategies for the ones that may make it to the list, and the ones likely to get demoted.
Online investment platform Groww on Tuesday announced that it will be acquiring Indiabulls Mutual Fund for a total consideration of Rs 175 crore.
Allotment to be done every month; units allotted subject to 3-year lock in, says market regulator
Market participants say if the fund house is able to put the 2020 debacle behind by returning money to investors of the six debt schemes, it can make a strong come back
The month-end assets under management (AUM) of the fund grew from Rs 898 crore in January 2018 to Rs 1,476 crore in December 2020.
Entity can sponsor an MF even if it doesn't fulfill profitability rule; CIRP cos asked to have at least 5% public float
During January-May 2020, mutual funds (MFs) made a net investment of more than Rs 40,000 crore in stock markets
In this podcast, Business Standard's Sanjay Kumar Singh explains the difference between active and passive funds, why should an investor get into passive funds and more
So that recovery for existing investors in wind-up schemes is not impacted
Retail buyers push Nifty Smallcap up 8% in August; mid-caps jump 6% against a 2% rise in large-caps