At a time when the benchmark indices are trading near record highs, domestic mutual funds have continued to report the redemption pressure for the ninth consecutive month in February 2021.
On the occasion of International Women’s Day, the Women Financial Advisers Network or WFAN has entered into an agreement with PGIM India Mutual Fund to launch a scholarship program for women.
edge360 is a comprehensive portal launched in 2019 that brought transformational change in the way mutual fund distributors and advisors manage their day-to-operations.
Mutual funds pulled out Rs 16,306 crore from equities in February, making it the ninth consecutive monthly outflow as small investors booked profit amid a rally in stock markets.
The report throws light on the number of women fund managers over the last few years, the rise in the assets being managed by them and how those assets have performed viz a viz its category average over different time periods.
DSP Mutual Fund has launched the DSP Floater Fund, an open ended debt scheme predominantly investing in sovereign bonds and overnight index swaps (OIS).
Sebi said no change in the control of an AMC, directly or indirectly, can be made unless prior approval of the trustees and the regulator is obtained, among other requirements.
ETFs storing gold for shareholders grew rapidly during the coronavirus crisis as investors amassed what they saw as a safe asset and central banks flooded markets with money, lowering bond yields and making non-yielding gold more attractive.
In the show-cause notices to Franklin Templeton AMC and its trustees, the regulator alleged code of conduct violations said people with knowledge of the matter.
Almost an year after Franklin Templeton unexpectedly closed six debt schemes in India, the Enforcement Directorate (ED) has registered a case of money laundering against the company and its senior officials.
The ED has registered a case on the basis of an FIR registered by the Chennai Police Economic Offences Wing in September last. The Chennai’s EOW had registered a case of cheating against Franklin Templeton after it had come under the scanner for the sudden closure of six debt schemes in April last year.
The fund had increased its equity allocation to 74% in March 2020, when the markets fell on fears of the pandemic. Post that as the equity market continued to move upwards, the scheme has been gradually reducing its equity allocation bringing it down to 68% by June 2020 to 59% in October 2020, then to 43% in January 2021.
SBI Mutual Fund has announced the launch of SBI International Access - US Equity FoF, an open-ended Fund of Fund scheme that would invest in mutual fund scheme/ETFs that further invests in the US markets.
