Search For "mutual fund"
RBI's mutual fund support plan may struggle to be effective: Fitch
Updated : 5 years, 10 months ago IST
Singapore, April 29 (ANI): The official support measures announced for mutual funds in India may struggle to be effective as under-capitalised banks are unlikely to be tempted to extend liquidity to the sector without capital relief on the facilities, according to Fitch Ratings.
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Financial stocks gain as RBI opens liquidity window for mutual funds
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], April 27 (ANI): Equity benchmark indices trimmed early gains in the afternoon session on Monday but closed in the green with a surge in financial stocks after the Reserve Bank of India launched a special liquidity facility worth Rs 50,000 crore for mutual funds
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RBI announces Rs 50,000 crore special liquidity facility for mutual funds
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], April 27 (ANI): The Reserve Bank of India (RBI) on Monday decided to open a special liquidity facility for mutual funds of Rs 50,000 crore in a bid to arrest redemptions in the asset management industry after last week's collapse of six debt schemes of Franklin
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PPFAS Mutual Fund plans to open seven branches this year
Updated : 6 years, 1 month ago IST
Mumbai (Maharashtra) [India] Feb 11 (ANI/NewsVoir): PPFAS Mutual Fund, sponsored by Parag Parikh Financial Advisory Services Private Limited, opened two new branches in Bengaluru and Pune.
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Mutual funds to deduct TDS only on dividend payments, not on capital gains
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 4 (ANI): Mutual funds will have to deduct TDS at 10 per cent only on dividend payments and not on the income which is in the nature of capital gains, according to the clarification by the Central Board of Direct Taxes (CBDT) on Tuesday.
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Post Budget 2020, get guaranteed returns and safety with Bajaj Finance Fix
Updated : 6 years, 1 month ago IST
Pune (Maharashtra) [India], Feb 3 (ANI/BusinessWire India): In 2019, the investment in mutual funds and equity dropped sharply. In the case of the former, the decline was a whopping 41 per cent, whereas in the case of equity, the amount invested was Rs 74,870 crore, much lesser than 2018's R
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Investment platform for WealthBucket raises Pre-Series A round of Rs 18 cr
Updated : 6 years, 2 months ago IST
New Delhi [India] Jan 02 (ANI/PRNewswire): WealthBucket.in, which runs an online platform for mutual fund investments, has raised Rs 18 crore from NorthStar, Vinod Khatumal & other HNIs.
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Muthoot Finance to acquire IDBI Mutual Fund for Rs 215 crore
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Nov 22 (ANI): Muthoot Finance Ltd, the largest gold loan non-banking finance company in the country, on Friday entered into a definitive agreement to acquire IDBI Asset Management Ltd and IDBI Mutual Fund Trustee Company Ltd, paving way for its entry into mutual
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Bajaj Finance announces closure of QIP totalling Rs 8,500 crore
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Nov 13 (ANI): Bajaj Finance Ltd has raised Rs 8,500 crore by issuing over 2.17 crore equity shares at an issue price of Rs 3,900 per equity share to qualified institutional buyers.
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Nippon Life Insurance announces integration of erstwhile Reliance Mutual F
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 7 (ANI): Nippon Life Insurance Company on Monday announced the integration of Nippon India Mutual Fund (erstwhile Reliance Mutual Fund) into its global unified asset management fold by becoming the single largest shareholder in the company.
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Axis Bank raises Rs 12,500 crore through QIP
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sep 26 (ANI): Private lender Axis Bank on Thursday announced the opening of its qualified institutions placement (QIP) last week to raise funds to enhance its capital adequacy for its growth strategy and general corporate purposes.
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Cashfree launches subscriptions to enable businesses with collecting Recur
Updated : 6 years, 5 months ago IST
Bengaluru(Karnataka) [India] Sept 25 (ANI/BusinessWire India): Cashfree, India's leading business payments platform, has introduced Subscriptions; a payment solution for businesses to collect recurring payments for utilities, subscription services, mutual fund SIPs, among others, with a one-
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