HNIs have lost heavily in PMS investments in the recent small and mid-cap crash.
After the announcement, bond yields have moved up by 20 basis points.
Equity fund managers are many a time criticised for holding higher cash levels; but the strategy has worked for Axis Mutual Fund
PGIM, formerly DHFL Pramerica, said the NCDs of Reliance Broadcast are backed by pledged shares of Reliance Nippon Asset Management.
The top 10 fund houses have incrementally invested Rs 4,970 crore in the stock in August.
On September 3, India Ratings and Research downgraded Altico Capital India Limited's Long-Term Issuer Rating to 'IND A+' from 'IND AA-.
Nomination is the process of appointing a person to take care of a mutual fund investor's assets in the event of death.
Fixed deposit rates of top banks have fallen by an average 0.5-1 per cent to 6.5-7.1 per cent.
The move could dim the popularity of products such as liquid schemes.
Financial planners recommend gold due to its low correlation with traditional asset class.
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