otal SIP contribution in the first five months of the current fiscal rose to Rs 41,098 crore.
All confirmed and on-roll employees of Motilal Oswal Group are eligible for MOGSIP
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.
Upon recovery of money from Altico Capital India in the segregated portfolio it will be distributed to the investors in proportion to their holding
Folios are numbers designated to individual investor accounts. An investor can have multiple folios.
“Indian equities are offering good value,” says Prashant Jain, ED & CIO of HDFC AMC.
The move could dim the popularity of products such as liquid schemes.
There has been a significant uptick both in terms of month-on-month and year-on-year basis.
Essel Group raised Rs 4,200 crore by selling 11% in Zee Entertainment to global fund Invesco Oppenheimer.
DSP Mutual Fund had an exposure of Rs 150 crore to commercial papers (CPs) issued by DHFL with scheduled maturity on June 25, 2019.
SIP AUM on the other hand has risen from Rs 2.69 lakh crore in July to Rs 2.71 lakh crore in August
Domestic fund houses said they are focusing on getting retail assets by penetrating deeper into India.
The investor does not need to visit the AMC office, fill physical forms and attach proofs and payment instruments while starting a SIP.
Sebi's board in March this year approved a proposal to allow mutual funds and portfolio managers to trade in this segment.
The Sensex crashed 770 points, or 2.06 per cent, its biggest single-day fall in 11 months.
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