Parag Parikh Long Term Equity Fund (PLTEF), the flagship equity scheme of PPFAS Mutual Fund, has completed seven years on May 24. Currently, the scheme manages assets of Rs 2925 crore as on April 30.
To provide this facility to brokers, the bourse will issue Application Programming Interface (APIs) for such brokers and other intermediaries to connect their IT systems to BSE's eKYC system.
Edelweiss Asset Management on Friday said it will launch the second tranche of Bharat Bond ETF in July, with two new series, to raise up to Rs 14,000 crore.
The fund house stops accepting fresh money temporarily in ABSL Medium Term Fund and ABSL Credit Risk Fund.
Delhi-based investors allege mismanagement in 6 wound-up schemes; AMC denies wrongdoing
The Securities and Exchange Board of India has said that the units of schemes in the process of winding up will have to be listed on recognised stock exchanges.
The HDFC Group including two entities could well be the largest subscriber collectively.
According to Morningstar biannual Global Investor Experience report on regulation and taxes, India received an "average" grade and the country matches global best practices in many areas of regulation.
In 2019-20, the platform contributed Rs 56,038 crore as net equity inflow, which is 66 per cent of the mutual fund (MF) industry's net inflow of Rs 83,781 crore, the BSE said in a statement.
So far in 2020, draft documents for 20 NFOs have been submitted with the Securities and Exchange Board of India (Sebi).
The yield on 10-year bonds climbed 22 basis points, the biggest increase since February 2017.
On April 30, four debt schemes of Principal Mutual Fund holding papers of DHFL saw their NAVs fall by 4.5- 6.8%.
Most debt mutual fund categories have witnessed outflows in the last month, data shows.
Overall, the mutual fund industry witnessed net inflows of Rs 45,999 crore across all segments, data by the Association of Mutual Funds in India showed on Friday.
Parag Parikh Long Term Equity Fund has added Microsoft Corporation to the portfolio and completely exited from the Nestlé SA ADR.
The fund's global CEO had blamed regulatory changes for its decision to shut 6 schemes.
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