Mumbai/IBNS: Mutual fund (MF) trustees have to take the consent of unitholders’ while winding up any MF scheme, the market regulator Securities Exchange Board of India has decided in a board meeting.
New Delhi: HDFC Asset Management Company, one of India’s leading mutual fund houses with ₹ 4.35 trillion in assets under management has announced launch of New Fund Offer – HDFC NIFTY Next 50 Index Fund, for investors looking for returns that are commensurate with the performance of NIFTY Next 50 Index, subject to tracking error.
Life consists of many milestones and we cherish the moments when we achieved those milestones for the rest of our lives. Retirement can also be one of the crucial milestones, provided you managed to accumulate sufficient funds required for a stress-free life after retirement. This is only possible if the money that you earned during your active working years was invested well for the future.
Mumbai: ICICI Bank announced the launch of a facility that enables retail customers to get loan of up to Rs.1 crore instantaneously by pledging their holdings in both debt and equity schemes of mutual funds.
New Delhi/IBNS: The Reserve Bank of India on Monday announced it has opened a special liquidity facility worth Rs 50,000 crore for Mutual Funds.
New Delhi, Nov 5 (UNI) ICICI Securities (I-Sec) on Tuesday said it has launched a unique investment plus protection product – SIP Protect, which offers life insurance cover basis one’s Systematic Investment Plan (SIP) investments.
Mutual Funds are diversified investment program funded by investors like us and are professionally managed.
Mumbai, Aug 27 (IBNS): The Indian Mutual Funds industry is eyeing four-fold rise in Assets Under Management (AUMs) to INR 100 Trillion (INR 100 lakh crore from existing INR 25 Lakh crore), and a five-fold rise in investor base to 100 million (from existing 20 million) over the next decade, according to the AMFI-BCG Vision Document, aspiring to achieve huge geographic penetration in B30 cities, where nearly 90% of Indian households reside.
Guwahati, June 11 (IBNS): Since Prime Minister Modi took over in 2014, a lower CAD, controlled fiscal deficit, low inflation, stable / appreciating INR among other factors helped the Sensex rally ~50% and the small and mid-cap indices rally ~110% in INR terms.