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Sundaram MF Acquires Principal Mutual Fund
Sundaram MF has acquired Principal Mutual Fund, after the later decided to exit the asset management business in India as a part of the...
Retail MF Investors Continue Their Selling in Equity Funds
It was Christmas time, and Santa seemed rather generous this year — to stockholders. As foreign funds kept pouring into India, sending...
AMFI reclassification
AMFI’s latest reclassification, which MFs must follow for investments, features Adani Enterprises and 3 others in top m-cap clubOnce a...
Covid Hit About 3 Out of 4 Urban Indians Financially
Almost three-fourths of India’s urban population has been economically impacted by Covid-19 and about half are financially worse off than...
MFs can invest up to $600mn abroad
The Securities and Exchange Board of India has enhanced the overseas investment limits per fund house to $600 million from the existing...
Sensex back @ 40k
The sensex managed to nearly reach the same level seen in late February this year, just before the global pandemic started to impact Indian...
After 6 months, Sensex back at 39,000
Boosted by strong buying in auto, banking & financial services and IT stocks, the sensex closed above the 39k mark after exactly six...
Nifty’s Rejig to Push Up its Valuation Further
The record-high valuation of the Nifty will be pushed further up following the inclusion of Divi’s Laboratories and SBI Life Insurance in...
Passive Fund Inflows Treble in 2 Years
Passive funds are fast gaining popularity among institutional and high networth investors. Funds with no active role of a manager such as...
RBI’s 8th straight rate cut
The Reserve Bank in an unexpected move, slashed benchmark interest rates to their lowest levels since 2000 and extended the moratorium on...
