Search result for 'amc'

ASK Asset Gets Sebi Nod for Mutual Fund Biz

March 28, 2025 14:52

Blackstone-backed ASK Asset & Wealth Management receives in-principle approval from Sebi to launch its mutual fund business in India. The move will expand its investment solutions offerings.

Axis AMC Settles Sebi Case for Rs 6.27 cr over MF Norms Violation

March 25, 2025 19:33

Axis Asset Management Company, former CEO Chandresh Kumar Nigam, and others paid Rs 6.27 cr to Sebi to settle a case involving alleged violations of mutual fund norms related to front-running of...

Sebi Relaxes 'Skin in the Game' Rule for AMC Employees

March 21, 2025 18:56

Sebi has eased the 'skin in the game' rule for mutual fund employees, reducing the mandatory investment percentage based on salary brackets. The new rules aim to align employee interests with those...

Tripura Budget 2025-26: Rs 32,423.44 Crore, 13 New Schemes

March 21, 2025 16:36

Tripura presents a tax-free budget of Rs 32,423.44 crore for 2025-26, including 13 new welfare schemes, focusing on job creation and social welfare.

Sebi Sets Rules for Specialized Investment Funds (SIFs)

February 27, 2025 19:56

Sebi introduces a new regulatory framework for Specialized Investment Funds (SIFs) requiring a minimum investment of Rs 10 lakh. Learn about the eligibility criteria, investment restrictions, and...

Sebi Mandates 30-Day NFO Deployment for Mutual Funds

February 27, 2025 17:52

Sebi has made it mandatory for asset management companies to deploy funds raised through NFOs within 30 days, aimed at discouraging mis-selling and ensuring timely deployment of funds.

Sebi Amends Mutual Fund Rules: NFO Deployment Deadline

February 18, 2025 17:54

Sebi mandates AMCs to deploy NFO funds within a prescribed time limit, effective April 1, 2025. This aims to enhance operational flexibility and transparency for mutual funds.

Sebi Revises CAS Timelines for Depositories

February 15, 2025 18:34

Sebi has revised timelines for issuance of Consolidated Account Statements (CAS) by depositories. AMCs and MF-RTAs now have 5 days to provide common PAN data to depositories, with e-CAS dispatched...

Sebi's MITRA: Tracing Inactive Mutual Fund Folios

February 12, 2025 18:21

Sebi launches MITRA, a platform to help investors locate and reclaim inactive or unclaimed mutual fund folios, addressing concerns over lost investments and fraudulent redemptions.

Grasim Profit Drops 29% in Q3, Cement & Paints Impact

February 10, 2025 22:07

Grasim Industries reported a 29.15% decline in consolidated net profit for Q3 FY25, driven by lower cement realisations and investment in the paints business. Revenue grew 8.84% YoY.

Stock Markets Rebound: Banking Shares Surge on RBI Move

January 28, 2025 17:27

Indian stock markets rebounded on Tuesday, led by banking shares after the Reserve Bank of India (RBI) injected liquidity. Sensex and Nifty gained, with Bajaj Finance, Axis Bank, and HDFC Bank...

Aditya Birla Sun Life AMC Stock Plunges 9% After Q3 Earnings

January 28, 2025 12:32

Aditya Birla Sun Life AMC stock fell nearly 9% on Tuesday after its Q3 earnings disappointed investors, despite a 7% increase in PAT and a 30% surge in revenue. The company's AUM reached Rs 3.84...

Aditya Birla Sun Life AMC Profit Rises 7% in Dec Quarter

January 27, 2025 20:38

Aditya Birla Sun Life AMC reported a 7% increase in profit after tax to Rs 224.5 crore in the December quarter, driven by a 30% surge in revenue. The company's AUM reached Rs 3.84 lakh crore,...

Sebi Proposes 'Sachetisation' of Mutual Funds for Financial Inclusion

January 22, 2025 18:58

SEBI proposes a 'sachetization' scheme for mutual funds, enabling small-ticket SIPs of Rs 250 to increase financial inclusion and reach low-income groups. The regulator seeks public comments on the...

Motilal Oswal AMC Denies Baseless Allegations on Social Media

January 19, 2025 18:41

Motilal Oswal Asset Management Company refutes baseless and malicious allegations circulating on social media regarding Kalyan Jewellers' stock. The company maintains its commitment to ethical...

Sebi Mandates Mutual Funds to Disclose Information Ratio

January 17, 2025 19:26

SEBI directs mutual funds to disclose information ratio (IR) for equity schemes to improve transparency and aid investor decision-making. The IR measures risk-adjusted return and will be available...

HDFC AMC Profit Surges 31% to Rs 641 cr in Q3

January 14, 2025 16:39

HDFC Asset Management Company's profit after tax rose by 31% to Rs 641.5 crore in the December 2024 quarter, driven by strong revenue growth. The company's assets under management reached Rs 7.87...

Indian Markets: Q3 Earnings, Inflation, FII Activity Key

January 12, 2025 10:53

Analysts predict volatile week for Indian markets, driven by Q3 earnings, inflation data, FII trading, crude oil, and US dollar trends.

Sebi Revamps Mutual Fund Nomination Process: Key Changes & Timeline

January 10, 2025 22:33

Sebi has issued new guidelines to simplify and secure the nomination process for mutual funds and demat accounts, aiming to minimize unclaimed assets. Key changes include mandatory nomination for...

Sebi Renews AMC Repo Clearing Recognition for 1 Year

January 10, 2025 16:10

Sebi has renewed AMC Repo Clearing Ltd's recognition as a clearing corporation for one year till January 16, 2026, for clearing and settling repo and reverse repo transactions in debt securities.

Equity MF Inflows Surge 14% in Dec, Small & Mid-Cap Funds Hit Record Highs

January 9, 2025 14:57

Mutual fund equity schemes saw a 14% increase in inflows in December, reaching Rs 41,156 crore, despite market volatility. Small and mid-cap funds continue to attract record investments, while SIPs...

Choice International Gets Sebi Nod for Mutual Fund Operations

December 26, 2024 21:14

Choice International has received in-principle approval from Sebi to launch mutual fund operations, expanding its financial services portfolio and offering investors tailored investment products.

Mutual Fund Industry Booms: Assets Surge Rs 17 Lakh Cr in 2024

December 24, 2024 13:07

India's mutual fund industry experienced a record-breaking 2024 with assets under management (AUM) soaring to Rs 68 lakh crore, fueled by strong equity markets, robust economic growth, and...

Sebi Simplifies AMC Offer Document Process: 8-Day Review

December 20, 2024 20:25

Sebi streamlines the process for AMCs, reducing draft SID upload time to 8 working days, aiming to enhance investor protection and simplify compliance.

Sebi Eases AMC Rules, Sets NFO Deployment Timeline

December 19, 2024 14:00

Sebi introduces timelines for NFO fund deployment, relaxes AMC employee interest alignment rules, and mandates stress testing disclosure for mutual fund schemes.

AIFs for Job Creation: UK Sinha's Insights

December 17, 2024 19:05

Former Sebi chairman UK Sinha highlights the crucial role of alternative investment funds (AIFs) in promoting job creation and fostering entrepreneurship in India.

Sebi Amends Mutual Fund Rules: New Asset Class, MF Lite Framework

December 17, 2024 17:33

Sebi introduces a new asset class, Specialized Investment Funds (SIFs), and a liberalised MF Lite framework for passive schemes. The SIFs offer advanced investment strategies, while MF Lite aims to...

Sebi Proposes Platform to Track Inactive Mutual Fund Folios

December 17, 2024 14:39

Sebi proposes a platform to help investors trace inactive and unclaimed mutual fund folios, aiming to reduce fraudulent redemptions and build a transparent financial ecosystem.

Sebi Urged to Reduce SAT Appeals: Investor Trust Key

December 13, 2024 18:48

Sebi executive director calls for regulations to minimize challenges at SAT, emphasizing investor trust and capital formation as key priorities.

Sebi Proposes DigiLocker for Unclaimed Assets in Securities Market

December 10, 2024 18:05

Sebi proposes using DigiLocker to streamline processes and minimize unclaimed assets in the securities market, leveraging digital document storage and KYC information.

Equity MF Inflow Drops 14% in Nov: AMFI Data

December 10, 2024 13:27

Equity mutual funds saw a 14% decline in inflows to Rs 35,943 crore in November, driven by market volatility. Despite the drop, the industry recorded its 45th consecutive month of net inflows.

Canara Bank Gets RBI Nod for Life Insurance & MF Stake Divestment

December 5, 2024 22:02

Canara Bank secures RBI approval to divest its stake in Canara HSBC Life Insurance and Canara Robeco Asset Management through IPOs, aiming to reduce ownership to 30% by 2029.

Axis AMC, Axis MF Trustee Settle Sebi Case for Rs 16.57 Lakh

November 26, 2024 18:56

Axis Asset Management Company (Axis AMC) and Axis Mutual Fund Trustee settled a Sebi case related to alleged violation of mutual fund norms by paying Rs 16.57 lakh.

Zepto Raises USD 350 Mn in Domestic Funding Round

November 22, 2024 10:53

Zepto, a quick commerce company, raises USD 350 million in domestic funding led by Motilal Oswal's Private Wealth. The round marks the largest 100% domestic fundraise in India's startup ecosystem.

Sebi Proposes Changes to MF Employee 'Skin in the Game' Rule

November 7, 2024 18:27

Sebi proposes reducing mandatory investment percentage for MF employees, applying it based on salary brackets and excluding ESOPs. The regulator aims to ease compliance and address concerns about...

Inflexor Raises Rs 280 Cr for Opportunities Fund

November 6, 2024 11:53

Inflexor Ventures announces the first close of its Opportunities Fund at Rs 280 crore, with HDFC AMC Select AIF FoF I Scheme as the dominant LP. The fund will be used to acquire the portfolio of...

Canara Bank Targets Rs 6,000 Cr Recovery in H2 FY25

November 3, 2024 12:56

Canara Bank aims to recover Rs 6,000 crore from bad loans in H2 FY25, with Rs 3,000 crore expected in each of the third and fourth quarters. The bank also plans to launch an IPO for Canara Robeco...

Sebi Proposes Timelines for Fund Deployment in NFOs

October 30, 2024 18:19

Sebi proposes new rules for fund deployment by AMCs in NFOs, including timelines and penalties for non-compliance. The regulator also seeks comments on changes to SID upload procedures.

Aditya Birla Capital Q2 Profit Jumps 42% to Rs 1,001 Crore

October 30, 2024 15:22

Aditya Birla Capital reported a 42% increase in consolidated net profit to Rs 1,001 crore in Q2 FY25, driven by strong performance across segments and a gain from stake sale.

Aditya Birla Sun Life AMC Q2 Profit Surges 36% to Rs 242 Cr

October 28, 2024 20:12

Aditya Birla Sun Life AMC reported a 36% year-on-year jump in net profit to Rs 242.4 crore for Q2 FY25. Revenue also grew 27% to Rs 424.2 crore. AUM stood at Rs 3.83 lakh crore.

UTI AMC Q2 Profit Soars 31% to Rs 239 Crore

October 25, 2024 19:30

UTI Asset Management Company reported a 31% jump in Q2 profit to Rs 239 crore, driven by strong revenue growth. The company's AUM reached Rs 20.16 lakh crore, highlighting the robust Indian mutual...

Insider Trading Rules for Mutual Funds Effective Nov 1

October 22, 2024 18:11

SEBI mandates reporting of transactions exceeding Rs 15 lakh in mutual fund units by designated persons, trustees, and their relatives. Learn about the new insider trading regulations for AMCs.

Aditya Birla Sun Life AMC Raises USD 300 Million Private Credit Fund

October 15, 2024 18:20

Aditya Birla Sun Life Asset Management Company (ABSL AMC) aims to raise USD 300 million private credit fund from offshore investors. The fund, 'India Yield Advantage Fund', will be launched after...

HDFC AMC Q2 Profit Surges 32% to Rs 577 Cr

October 15, 2024 17:08

HDFC Asset Management Company (AMC) reported a 32% year-on-year rise in net profit for the September 2024 quarter, reaching Rs 576.61 crore. Total income also increased significantly.

HDFC AMC Q2 Profit Surges 32% to Rs 577 Cr

October 15, 2024 15:13

HDFC Asset Management Company (AMC) reported a 32% rise in Q2 FY25 profit to Rs 577 crore, driven by strong revenue growth. The company's shares rose on the BSE.

Sebi Approves 'Light-Touch' Rules for Passive Mutual Funds

September 30, 2024 22:40

Sebi board has approved relaxed rules for passive mutual fund schemes, aiming to promote ease of entry, encourage new players, and boost market liquidity.

Sebi Introduces New Asset Class for High-Risk Investors

September 30, 2024 22:27

SEBI introduces a new asset class with a minimum investment of Rs 10 lakh, aimed at high-risk investors and bridging the gap between mutual funds and portfolio management services.

Sebi Proposes Standard Risk-o-meter for MF Schemes

September 27, 2024 17:42

Sebi proposes standardizing the format of disclosure and risk-o-meter representation for mutual fund schemes, aiming for enhanced transparency and ease of understanding for investors.

LIC Mutual Fund Launches New Manufacturing Fund, Targets Rs 60,000 Crore AUM

September 20, 2024 18:59

LIC Mutual Fund has launched a new Manufacturing Fund, an open-ended equity scheme, with a target AUM of Rs 60,000 crore by fiscal-end. The NFO is open till October 4 and the scheme aims to provide...

Quantum Mutual Fund Appeals ICICI Securities Delisting

September 19, 2024 16:28

Quantum Mutual Fund has appealed the delisting of ICICI Securities from stock exchanges, citing concerns over valuation and alleged fraudulent practices by ICICI Bank. The NCLAT is now reviewing...

US Fed Rate Cut Impact on India: Experts Divided - News

September 19, 2024 15:37

Experts debate the impact of the US Fed's rate cut on India, with some predicting increased investment and others foreseeing a decline in equity returns and gold price surges. The Reserve Bank of...

Equity Mutual Funds Surge 3% in August, Debt Flow Drops | AMFI Data

September 10, 2024 15:05

Equity mutual funds saw strong inflows of Rs 38,239 crore in August, driven by thematic schemes. Debt fund inflows plummeted to Rs 45,169 crore. Read more.

Banks vs. MFs: Slow Deposit Growth & Regulations - FIBAC 2024

September 5, 2024 21:10

Indian Banks' Association blames regulations for deposit shift to mutual funds, while Kotak Mahindra Bank CEO counters, citing government balances and other factors. FIBAC 2024 discusses challenges...

Sebi Approves IIHL's Acquisition of Invesco PMS Business

August 30, 2024 17:19

Sebi has approved IndusInd International Holdings (IIHL)'s acquisition of Invesco AMC's portfolio management services business. The transaction is expected to be completed soon, pending one final...

ITI Mutual Fund Targets Rs 1 Lakh Crore AUM in 5 Years

August 29, 2024 17:59

ITI Mutual Fund aims to reach Rs 1 lakh crore AUM in the next five years, driven by growth in systematic investment plans (SIPs). The fund manager highlights India's economic growth as a key driver...

IndusInd to Acquire Invesco India Stake: CCI Approval

August 20, 2024 21:21

CCI approves IndusInd International Holdings' acquisition of majority stake in Invesco Asset Management and Invesco Trustee in India. The deal forms a joint venture with IndusInd holding a 60% stake.

Sebi Fines Nippon Life for Charging TER to AMC Books

August 8, 2024 18:22

Sebi has penalized Nippon Life India Asset Management and Nippon Life India Trustee for charging total expense ratio (TER) to the AMC books, violating regulations.

Sebi Amends Mutual Fund Rules to Curb Front-Running, Insider Trading

August 5, 2024 13:32

Sebi has amended mutual fund norms to curb front-running and insider trading. The regulator has directed AMCs to have a whistle-blower mechanism and put in place an institutional mechanism to...

Sebi Fines JM Financial, Former CEO for Flouting Rules

August 1, 2024 16:37

Sebi has fined JM Financial Asset Management, its former CEO, and others Rs 2 crore for flouting regulations by investing in defaulted DHFL securities using unpublished information.

Insider Trading Rules for Mutual Funds: Effective Nov 1

July 29, 2024 20:59

SEBI implements insider trading rules for mutual funds, effective November 1, 2024, to enhance transparency and prevent misuse of sensitive information by AMCs.

FPIs Invest Rs 33,600 cr in Indian Equities in July

July 28, 2024 11:20

Foreign investors poured Rs 33,600 crore into Indian equities in July driven by policy reforms, strong earnings, and expectations of economic growth.

Congress Questions Gold Tax Cut Logic: Budget Impact

July 27, 2024 14:47

Congress criticizes the budget's gold import duty cut, questioning its economic logic. Experts warn of potential surge in India's gold import bill.

Vedanta Approves Rs 4 Interim Dividend: Details

July 26, 2024 16:47

Vedanta Ltd announces a second interim dividend of Rs 4 per share for FY24, totaling Rs 1,564 crore. The company recently raised Rs 8,500 crore through QIP.

BPEA Credit Invests Rs 250 Cr in DMW Group - Business News

July 25, 2024 21:41

BPEA Credit has committed Rs 250 crore to DMW Group, a precision components firm, for capital expenditure, working capital, and acquisition financing. Read more.

UTI AMC Q1 Profit Up 9% to Rs 254 Crore

July 25, 2024 16:57

UTI Asset Management Company (UTI AMC) reported a 9% rise in Q1 FY25 profit to Rs 254 crore, driven by strong revenue growth. AUM stood at Rs 19.36 lakh crore.

Aditya Birla Sun Life AMC Q1 Profit Jumps 28% to Rs 236 Cr

July 24, 2024 20:09

Aditya Birla Sun Life AMC reported a strong Q1 FY25, with net profit rising 28% to Rs 236 crore. Revenue also grew 24%, driven by higher AUM.

Vedanta Raises USD 1 Billion in QIP, Goldman Sachs & Morgan Stanley Invest

July 21, 2024 14:50

Vedanta Limited successfully raised over USD 1 billion through a QIP, attracting prominent investors like Goldman Sachs and Morgan Stanley. The funds will be used to de-leverage the company's...

Sebi Proposes New Asset Class for Investors with Rs 10-50 Lakh

July 16, 2024 18:00

Sebi proposes a new asset class between mutual funds and PMS for investors with Rs 10-50 lakh, offering higher risk, flexibility, and regulated structure.

HDFC AMC Q1 Profit Surges 26% to Rs 604 Cr - Business News

July 15, 2024 16:38

HDFC Asset Management Company reported a 26% rise in profit after tax (PAT) to Rs 603.9 crore in Q1 FY25, driven by a strong revenue growth and increased assets under management.

Anicut Capital Closes Rs 300 Cr Equity Continuum Fund

July 12, 2024 20:34

Anicut Capital has closed its maiden late-stage Equity Continuum fund of Rs 300 crore, aimed at supporting high-potential companies preparing for an IPO. The fund has attracted strong investor...

Sebi Tightens Rules for Passive Mutual Funds: Sponsor Group Exposure Limit

July 8, 2024 21:47

Sebi introduces new prudential norms for passive mutual fund schemes, limiting investments in sponsor group companies to 25% of net assets. Equity-oriented ETFs and index funds are capped at 35%.

Aditya Birla AMC Quant Fund Raises Rs 2,416 Cr

July 3, 2024 19:02

Aditya Birla Sun Life AMC's new quant fund has raised Rs 2,416 crore from 1.23 lakh investors, aiming to provide a differentiated investment solution.

Sebi Eases Rules for Passive Funds, Allows Higher Exposure to Sponsor Group Cos

July 3, 2024 17:14

Sebi has amended mutual fund rules, allowing equity-oriented ETFs and index funds to invest beyond 25% in listed securities of sponsor's group companies. This move aims to create a level playing...

Groww Asset Management Settles Sebi Case, Pays Rs 9 Lakh

July 2, 2024 17:14

Groww Asset Management and its trustee have settled a case with Sebi related to alleged regulatory violations after paying Rs 9 lakh. The case involved scheme-related expenses being paid by the AMC...

Sebi Makes Email Default for Consolidated Account Statements

July 2, 2024 15:34

Sebi mandates email as the default mode for dispatching Consolidated Account Statements (CAS) by depositories and Mutual Fund-RTAs, effective April 1, 2024.

Sebi Proposes MF Lite Norms for Passive Funds

July 1, 2024 19:25

Sebi proposes relaxed regulations for passively managed mutual fund schemes, including reduced compliance requirements and eased entry barriers for MFs.

Sebi Proposes Mandatory Risk-Adjusted Return for Mutual Funds

June 28, 2024 20:39

Sebi proposes mandatory disclosure of 'risk-adjusted return' by mutual funds, along with scheme returns, to improve investor decision-making. This will help investors assess the risk-reward profile...

HSBC India Launches Metaverse Lounge for NRIs - Business News

June 11, 2024 22:24

HSBC India has launched a metaverse lounge for NRIs offering various virtual spaces like an amphitheater, premier lounge, and more. Read about the new feature and other business news.

Aditya Birla Group Crosses USD 100 Billion Market Cap

May 24, 2024 18:43

Aditya Birla Group's combined market capitalization has surpassed USD 100 billion, driven by strong performance of its subsidiaries like UltraTech Cement, Grasim, and Hindalco.

Aditya Birla Capital Q4 Profit Doubles to Rs 1,245 Crore

May 13, 2024 18:56

Aditya Birla Capital's Q4 profit surged to Rs 1,245 crore, driven by growth across its financial services businesses. The company's consolidated income and AUM also recorded significant increases.

North East Mutual Fund Assets Surge to Rs 40,324 cr

May 13, 2024 14:38

Mutual fund assets in North East India more than doubled in 4 years, reaching Rs 40,324 crore in March 2024. This growth is attributed to increased investor awareness and a growing interest in...

IIFCL AMC Settles Mutual Fund Violation Case with Sebi

May 2, 2024 14:19

IIFCL Asset Management Company and 4 individuals have settled a case with Sebi for alleged violation of mutual fund norms, paying Rs 1.02 crore in settlement charges.

Sebi Cracks Down on Mutual Fund Front-Running

April 30, 2024 21:31

Sebi strengthens regulations to combat front-running and fraudulent transactions in mutual funds, requiring AMCs to establish institutional mechanisms for detection and prevention.

Sebi Tightens Rules to Curb Front Running, Insider Trading in Mutual Funds

April 30, 2024 19:03

Sebi has amended regulations to curb front running and insider trading in mutual funds, requiring AMCs to implement an institutional mechanism for identifying and deterring market abuse.

Sebi Tightens Rules to Curb Fraudulent Mutual Fund Trades

April 30, 2024 18:09

Sebi board amends mutual fund norms to strengthen surveillance and deter market abuse, including front-running and fraudulent transactions.

Special Opportunities Funds: AMCs File Draft Papers with SEBI

April 28, 2024 11:47

Asset management firms are showing interest in Special Opportunities Funds, with three firms filing draft papers with SEBI. Learn more about these funds, their potential, and how they differ from...

Trump Stock Plunge: Short Sellers Profit

April 26, 2024 22:13

Short sellers are profiting from the decline of Trump Media & Technology stock, betting on its financial struggles and volatile trading. But risks remain high.

Aditya Birla Sun Life AMC Q4 Profit Surges 54% to Rs 208 Cr

April 26, 2024 20:37

Aditya Birla Sun Life AMC reported a 54% increase in net profit for Q4 FY24, reaching Rs 208.4 crore. Total income also surged to Rs 440 crore. The company's board recommended a dividend of Rs...

Trump Media Stock: Truth Social's Wild Ride

April 26, 2024 09:45

Truth Social's stock has been volatile since going public. Experts say Trump's influence and retail investors are driving the action, but the company's future is uncertain.

Motilal Oswal AMC Appoints Prateek Agrawal as MD & CEO

April 25, 2024 18:12

Motilal Oswal AMC has appointed Prateek Agrawal as its new MD & CEO, effective April 26. Agrawal brings over 3 decades of experience and will lead the firm's growth strategy.

Motilal Oswal AMC Appoints Prateek Agrawal as MD & CEO

April 25, 2024 13:54

Motilal Oswal AMC announces leadership changes, elevating Prateek Agrawal as MD & CEO. Akhil Chaturvedi becomes Executive Director and Niket Shah is promoted to Chief Investment Officer.

Mutual Funds Raise Rs 66,364 Crore via NFOs in FY24

April 22, 2024 17:13

Mutual funds raised a record Rs 66,364 crore through new fund offerings (NFOs) in FY24, driven by strong market performance and increased retail investor interest. Read more.

Jio Financial Q4 Profit Up 6% to Rs 311 cr | Business News

April 19, 2024 18:57

Jio Financial Services reports a 6% increase in net profit to Rs 311 crore for the fourth quarter ended March 2024, driven by improved income. Learn more about the company's financial performance...

HDFC AMC Q4 Profit Soars 44% to Rs 541 Crore

April 19, 2024 17:30

HDFC Asset Management Company (AMC) reported a 44% jump in profit after tax at Rs 541.1 crore in the quarter ended March 2024, driven by strong growth in assets under management.

Lighthouse Funds Invests Rs 700 Cr in Parsons Nutritionals

April 15, 2024 13:57

Lighthouse Funds invests Rs 700 crore in Parsons Nutritionals, a contract manufacturer in the FMCG space. The investment is the third from Lighthouse India Fund IV.

RBI Keeps Interest Rates Steady: Focus on Price Stability & Growth

April 5, 2024 15:30

The Reserve Bank of India (RBI) has kept interest rates unchanged for the seventh consecutive time, focusing on price stability and sustained economic growth. Experts weigh in on the impact on...

Mutual Fund Distributor Trail Commissions: New Rules

March 6, 2024 13:02

Mutual fund distributors will now receive trail commissions for investor asset transfers. AMFI allows AMCs to pay trail commissions after a 6-month cooling off period.

Axis AMC Launches New Debt Fund Targeting Rs 100 Cr

March 4, 2024 17:39

Axis Mutual Fund launches a new debt scheme targeting Rs 100 crore, investing in Crisil SDL index with maturity in June 2034. The scheme offers a passive approach with low credit risk and high...

Sebi Warns Mutual Funds on Small & Midcap Inflows

February 29, 2024 17:22

Sebi urges mutual fund houses to implement safeguards for investors in smallcap and midcap schemes amid surging inflows, suggesting restrictions on inflows and portfolio rebalancing.

RK Swamy IPO: Price Band Fixed at Rs 270-288, Opens March 4

February 28, 2024 18:38

RK Swamy, a leading marketing agency, has fixed the price band for its Rs 423 crore IPO at Rs 270-288 per share. The IPO opens on March 4 and closes on March 6.

RK Swamy IPO: Price Band Fixed at Rs 270-288

February 28, 2024 18:05

RK Swamy Ltd, a leading marketing communications agency, has fixed the price band for its Rs 423-crore IPO at Rs 270-288 per share. The IPO will open on March 4 and close on March 6.

Single Fund Manager for Commodity & Overseas Funds: Sebi Proposal to Reduce MF Costs

February 27, 2024 15:58

Sebi proposes a single fund manager for commodity and overseas investments by MFs, aiming to reduce fund management costs. The move also includes easing nomination rules and simplifying regulations...

PNB, Union Bank & 3 Firms Added to MSCI Global Index

February 13, 2024 22:46

PNB, Union Bank, NMDC, BHEL, and GMR Airports Infra have been included in the MSCI Global Standard Index in the February review. The modifications will take effect on February 29.

HFCL Wins Rs 179 Crore BSNL Order for 4G & 5G Network Equipment

February 13, 2024 20:38

HFCL has secured a Rs 179 crore order from BSNL to supply 4G & 5G network equipment, including UBRs in the 5 GHz frequency band. The order strengthens HFCL's position as a leader in indigenous 4G...

Maharashtra Leads Mutual Fund AUM, Smaller States Catch Up

February 13, 2024 16:53

Maharashtra dominates India's mutual fund industry AUM, contributing over Rs 21 lakh crore. Smaller states like Manipur are catching up with growing retail investor interest and AMC expansion.

Large-Cap Mutual Funds See Rs 1,287 Crore Inflow in Jan

February 11, 2024 12:49

Investors flocked to large-cap mutual funds in January, driven by profit booking from small and mid-cap gains. The inflow was the highest in 19 months, totaling Rs 1,287 crore, reversing a December...

Equity MF Inflow Hits 2-Year High in Jan: SIPs Surge

February 8, 2024 16:26

Equity mutual funds saw record inflows in January, driven by small-cap and thematic funds. SIPs reached an all-time high, surpassing December's record. Debt funds also saw a turnaround with strong...

Groww Adds 1 Million New Mutual Fund SIPs in December

February 7, 2024 16:06

Groww, a fintech platform, saw over 1 million new SIPs in December, making it the top distributor of mutual funds in India. The company attributes the surge to increased financial awareness and...

SBI MF Raises Over Rs 900 Cr From Nifty50 Index Fund NFO

February 3, 2024 19:36

SBI Mutual Fund has collected over Rs 900 crore from its new fund offer for the Nifty50 equal weight index fund, attracting over 40,000 applications.

India Budget Positive for Debt Market: Experts

February 1, 2024 21:38

India's interim budget aims to reduce fiscal deficit, which experts say is positive for the debt market. Bond yields expected to soften with lower borrowing.

Interim Budget 2023: Economists' Reactions

February 1, 2024 20:23

Economists from leading financial institutions weigh in on the Indian interim budget, highlighting key aspects like fiscal prudence, infrastructure spending, and rural development.

Interim Budget 2023: Industry Reactions & Key Highlights

February 1, 2024 18:46

Experts weigh in on India's interim Budget, praising infrastructure focus, fiscal prudence, and support for startups, women, and farmers. Read about key announcements and industry reactions.

UTI AMC Profit Soars 3-Fold in Dec Quarter | Rs 186 Crore

January 29, 2024 19:52

UTI Asset Management Company (AMC) reported a significant jump in profit after tax to Rs 186 crore in the December quarter, driven by increased revenue and expanding financialization of savings.

Aditya Birla Sun Life AMC Q3 Profit Surges 26% to Rs 209 Crore

January 29, 2024 19:02

Aditya Birla Sun Life AMC reported a 26% rise in its net profit to Rs 209.34 crore in the December quarter, driven by strong revenue growth. The asset management firm's total income increased to Rs...

Mutual Funds Raise Rs 63,854 cr via NFOs in 2023

January 29, 2024 14:56

Mutual funds saw a surge in new fund offerings (NFOs) in 2023, collecting Rs 63,854 crore, driven by strong market performance and investor sentiment. Read more.

Sebi Renews AMC Repo Clearing Recognition for One Year

January 16, 2024 15:23

Sebi has renewed AMC Repo Clearing Ltd's recognition as a clearing corporation for one year, allowing it to clear and settle repo and reverse repo transactions in debt securities.

HDFC AMC Q4 Profit Surges 32% to Rs 488 Cr

January 11, 2024 15:28

HDFC Asset Management Company (HDFC AMC) reported a 32% year-on-year jump in profit after tax (PAT) at Rs 488 crore for the quarter ended December 2023.

RBI Approves ICICI Pru Mutual Fund Investment in Federal Bank & RBL Bank

December 28, 2023 20:17

Reserve Bank of India (RBI) has approved ICICI Prudential Asset Management Company's (ICICI AMC) acquisition of up to 9.95% stake in Federal Bank and RBL Bank, subject to regulatory conditions.

Sebi Extends Nomination Deadline for Demat, Mutual Funds to June 2024

December 27, 2023 18:03

Sebi extends deadline to June 2024 for demat and mutual fund account holders to provide nomination. This move aims to help investors secure their assets.

Mutual Funds Surge in 2023: Rs 9 Lakh Cr Asset Growth

December 24, 2023 11:01

India's mutual fund industry saw a significant Rs 9 lakh crore surge in assets in 2023, driven by strong markets, stable interest rates, and robust economic growth. Experts predict continued...

Axis India Manufacturing Fund Raises Rs 3,400 Crore in NFO

December 22, 2023 13:58

Axis Mutual Fund's India Manufacturing Fund NFO attracted over Rs 3,400 crore from investors across 500 locations. Learn about the fund's performance and investor interest.

TallyPrime on AWS: Swastik Solutions on Cloudburst Drive Success

December 21, 2023 11:47

Swastik Solutions, a Tally partner, shares its success story of winning the Cloudburst Drive and the benefits of TallyPrime on AWS for businesses.

Life Insurance Stocks Fall Amidst Surrender Value Hike

December 14, 2023 19:55

Shares of most life insurance companies declined as Irdai proposed a significant increase in surrender value for non-par insurance products, impacting their margins.

Angel One Appoints Hemen Bhatia as CEO of Asset Management Business

December 13, 2023 16:19

Angel One has appointed Hemen Bhatia as CEO of its asset management business, aiming to strengthen its position in the passive investing space. Bhatia brings over 17 years of experience in the...

Mutual Fund SIP Inflow Soars to Rs 1.66 Lakh Cr in 2023

December 13, 2023 16:07

Mutual fund SIP collection reached Rs 1.66 lakh crore in 2023, driven by lower ticket size and growing trust in equity markets. Sebi's move to allow Rs 250 SIPs is expected to further boost...

Axis AMC Launches US Treasury Dynamic Bond ETF

December 12, 2023 21:11

Axis Mutual Fund launches an open-ended fund of ETF investing in US treasury securities, aiming to raise Rs 100 crore in the first week and Rs 500 crore in a year.

Axis MF Fixed Maturity Fund Raises Rs 600 Crore

December 11, 2023 18:17

Axis Mutual Fund's Fixed Term Plan Series 118 (100 days) garners over Rs 600 crore in NFO period, reflecting investor interest in fixed income solutions amidst market volatility.

Modi to Address Infinity Forum 2.0 on Fintech

December 6, 2023 21:36

Prime Minister Narendra Modi to address the second edition of Infinity Forum 2.0, a global fintech event, hosted by IFSCA and GIFT City on December 9th.

Corporate Bond Market to Double by 2030: Report

December 4, 2023 17:37

India's corporate bond market is set to more than double to Rs 100 lakh crore by 2030, driven by capex, infrastructure growth, and financialisation of savings.

Aditya Birla Sun Life AMC Raises Rs 800 Cr from Transport & Logistics Fund

November 29, 2023 17:49

Aditya Birla Sun Life AMC has collected nearly Rs 800 crore through its transport and logistics fund NFO. The fund received a huge response from 53,777 investors.

Axis AMC Targets Rs 3 Lakh Cr AUM, Launches Manufacturing Fund

November 29, 2023 16:38

Axis Mutual Fund aims for Rs 3 lakh crore AUM by March, launching a new manufacturing fund with a target of Rs 2,500 crore. The fund tracks Nifty manufacturing index and aims to capitalize on...

Aditya Birla Capital Q2 Profit Soars 44% to Rs 705 Cr

November 3, 2023 16:26

Aditya Birla Capital reports a 44% jump in Q2 profit to Rs 705 crore, driven by strong growth across its financial services businesses. Total revenue also increased by 22% year-on-year.

Sebi Simplifies Mutual Fund Offer Documents

November 1, 2023 19:56

Sebi has simplified the format of offer documents for mutual funds to improve investor readability and ease preparation. The new format will be implemented from April 1, 2024.

India Fruit Exports Surge 47% in 5 Years: Govt

INOX Air Products Launches First Green Hydrogen Plant in India

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Search result for 'amc'

ASK Asset Gets Sebi Nod for Mutual Fund Biz

Axis AMC Settles Sebi Case for Rs 6.27 cr over MF Norms Violation

Sebi Relaxes 'Skin in the Game' Rule for AMC Employees

Tripura Budget 2025-26: Rs 32,423.44 Crore, 13 New Schemes

Sebi Sets Rules for Specialized Investment Funds (SIFs)

Sebi Mandates 30-Day NFO Deployment for Mutual Funds

Sebi Amends Mutual Fund Rules: NFO Deployment Deadline

Sebi Revises CAS Timelines for Depositories

Sebi's MITRA: Tracing Inactive Mutual Fund Folios

Grasim Profit Drops 29% in Q3, Cement & Paints Impact

Stock Markets Rebound: Banking Shares Surge on RBI Move

Aditya Birla Sun Life AMC Stock Plunges 9% After Q3 Earnings

Aditya Birla Sun Life AMC Profit Rises 7% in Dec Quarter

Sebi Proposes 'Sachetisation' of Mutual Funds for Financial Inclusion

Motilal Oswal AMC Denies Baseless Allegations on Social Media

Sebi Mandates Mutual Funds to Disclose Information Ratio

HDFC AMC Profit Surges 31% to Rs 641 cr in Q3

Indian Markets: Q3 Earnings, Inflation, FII Activity Key

Sebi Revamps Mutual Fund Nomination Process: Key Changes &amp; Timeline

Sebi Renews AMC Repo Clearing Recognition for 1 Year

Equity MF Inflows Surge 14% in Dec, Small & Mid-Cap Funds Hit Record Highs

Choice International Gets Sebi Nod for Mutual Fund Operations

Mutual Fund Industry Booms: Assets Surge Rs 17 Lakh Cr in 2024

Sebi Simplifies AMC Offer Document Process: 8-Day Review

Sebi Eases AMC Rules, Sets NFO Deployment Timeline

AIFs for Job Creation: UK Sinha's Insights

Sebi Amends Mutual Fund Rules: New Asset Class, MF Lite Framework

Sebi Proposes Platform to Track Inactive Mutual Fund Folios

Sebi Urged to Reduce SAT Appeals: Investor Trust Key

Sebi Proposes DigiLocker for Unclaimed Assets in Securities Market

Equity MF Inflow Drops 14% in Nov: AMFI Data

Canara Bank Gets RBI Nod for Life Insurance & MF Stake Divestment

Axis AMC, Axis MF Trustee Settle Sebi Case for Rs 16.57 Lakh

Zepto Raises USD 350 Mn in Domestic Funding Round

Sebi Proposes Changes to MF Employee 'Skin in the Game' Rule

Inflexor Raises Rs 280 Cr for Opportunities Fund

Canara Bank Targets Rs 6,000 Cr Recovery in H2 FY25

Sebi Proposes Timelines for Fund Deployment in NFOs

Aditya Birla Capital Q2 Profit Jumps 42% to Rs 1,001 Crore

Aditya Birla Sun Life AMC Q2 Profit Surges 36% to Rs 242 Cr

UTI AMC Q2 Profit Soars 31% to Rs 239 Crore

Insider Trading Rules for Mutual Funds Effective Nov 1

Aditya Birla Sun Life AMC Raises USD 300 Million Private Credit Fund

HDFC AMC Q2 Profit Surges 32% to Rs 577 Cr

HDFC AMC Q2 Profit Surges 32% to Rs 577 Cr

Sebi Approves 'Light-Touch' Rules for Passive Mutual Funds

Sebi Introduces New Asset Class for High-Risk Investors

Sebi Proposes Standard Risk-o-meter for MF Schemes

LIC Mutual Fund Launches New Manufacturing Fund, Targets Rs 60,000 Crore AUM

Quantum Mutual Fund Appeals ICICI Securities Delisting

US Fed Rate Cut Impact on India: Experts Divided - News

Equity Mutual Funds Surge 3% in August, Debt Flow Drops | AMFI Data

Banks vs. MFs: Slow Deposit Growth & Regulations - FIBAC 2024

Sebi Approves IIHL's Acquisition of Invesco PMS Business

ITI Mutual Fund Targets Rs 1 Lakh Crore AUM in 5 Years

IndusInd to Acquire Invesco India Stake: CCI Approval

Sebi Fines Nippon Life for Charging TER to AMC Books

Sebi Amends Mutual Fund Rules to Curb Front-Running, Insider Trading

Sebi Fines JM Financial, Former CEO for Flouting Rules

Insider Trading Rules for Mutual Funds: Effective Nov 1

FPIs Invest Rs 33,600 cr in Indian Equities in July

Congress Questions Gold Tax Cut Logic: Budget Impact

Vedanta Approves Rs 4 Interim Dividend: Details

BPEA Credit Invests Rs 250 Cr in DMW Group - Business News

UTI AMC Q1 Profit Up 9% to Rs 254 Crore

Aditya Birla Sun Life AMC Q1 Profit Jumps 28% to Rs 236 Cr

Vedanta Raises USD 1 Billion in QIP, Goldman Sachs & Morgan Stanley Invest

Sebi Proposes New Asset Class for Investors with Rs 10-50 Lakh

HDFC AMC Q1 Profit Surges 26% to Rs 604 Cr - Business News

Anicut Capital Closes Rs 300 Cr Equity Continuum Fund

Sebi Tightens Rules for Passive Mutual Funds: Sponsor Group Exposure Limit

Aditya Birla AMC Quant Fund Raises Rs 2,416 Cr

Sebi Eases Rules for Passive Funds, Allows Higher Exposure to Sponsor Group Cos

Groww Asset Management Settles Sebi Case, Pays Rs 9 Lakh

Sebi Makes Email Default for Consolidated Account Statements

Sebi Proposes MF Lite Norms for Passive Funds

Sebi Proposes Mandatory Risk-Adjusted Return for Mutual Funds

HSBC India Launches Metaverse Lounge for NRIs - Business News

Aditya Birla Group Crosses USD 100 Billion Market Cap

Sebi Revamps Mutual Fund Nomination Process: Key Changes & Timeline

Interim Budget 2023: Industry Reactions & Key Highlights