"The prosperity of him who lives without knowing the measure (of his property), will perish, even while it seems to continue.”
a big development, Sundaram Asset Management Company Limited has announced the purchase of the asset management businesses of Principal Asset Management Pvt. Ltd. Sundaram will acquire the schemes managed by Principal Asset Management and acquire 100% of the share capital of Principal AMC, Principal Trustee Company Pvt. Limited and Principal Retirement Advisors Pvt. Ltd. The […]
Normal cut-off timings shall be applicable for all mutual fund transactions from Monday, November 09, 2020 Mutual Fund investors and intermediaries may please note that, as advised by SEBI, normal cut-off timings shall be restored effective from Monday, November 9, 2020 for applicability of Net Asset Value (NAV) for both subscription and redemption transactions across […]
RBI Policy RBI keeps Repo Rate unchanged at 4%. Do note, the repo rate was last cut in the May 2020 policy meet Continues to maintain the policy stance as ‘Accommodative’
BUDGET 20-21 Reduced custom duty to alloy(steel/iron) to 7.5% 7 mega TEXTILE parks within 3 yrs time GAIL IOC HPCL Will sale pipeline assets Health will get FY22-2.2 lk cr By next yr 8500km of ROAD project will be completed Minimum of road transport n highway will get 1.18 lk cr FY-22 Fiscal deficit estimate […]
Individuals are investing through SIP in large, mid and small cap funds and also in certain thematic funds. In fact, overall sectoral/ thematic schemes attracted strong inflows of Rs 3,412 crore, which is the highest for the category since April 2019. Even those investors who had put a pause to their SIPs in the last […]
Mutual funds added 72 lakh folios in the pandemic ravaged year 2020 as higher disposable income and low interest on bank deposits attracted investors towards this financial instrument. In comparison, the industry had seen an addition of 68 lakh investor accounts in 2019, data with Association of Mutual Funds in India (Amfi) showed. Folios are […]