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ICICI Prudential MF to manage new CPSE ETF

ICICI Prudential Mutual Fund has been appointed by the government to manage the second CPSE exchange traded fund (ETF) comprising stocks of PSUs in the current fiscal with an estimated

NPS subscribers to pay for advisory services

National Pension System (NPS) subscribers will now have to pay for seeking the services of retirement advisers as pension regulator PFRDA has permitted them to charge a fee ranging between

Aptus Value HF raises Rs 270 cr PE capital

Affordable housing financing company Aptus Value Housing Finance India on Wednesday said it has closed a Rs 270-crore investment in equity from two private equity funds.
The company has

India's MF:GDP ratio among world's lowest: Report

India has among the lowest mutual fund investments to GDP ratios in the world at 7 per cent, offering a vast untapped opportunity for MF houses, which can leverage technology

Disclose absolute commission of MF distributors: Sebi

With an aim to bring in greater transparency in dealings of mutual funds, markets regulator Sebi on Tuesday asked them to disclose the exact commission paid to distributors as against

7,000 kg of gold seized

Busting one of the biggest rackets of gold smuggling, the directorate general of revenue intelligence (DRI) has seized 7,000 kg of the precious metal worth Rs 2,000 crore in the

Limitations of belated I-T return

An income tax return (ITR) is a prescribed form used by the taxpayer to submit details of his/her total income earned in a financial year, and the taxes paid thereon

Daimler Fin bullish on Indian market

Daimler Financial Services India, a wholly owned subsidiary of Daimler AG, has completed five years of successful operations in the Indian market and is bullish about the opportunities here.

Pvt life insurers post recovery in new biz premium in Aug

After witnessing a blip in July new business premium growth for private life insurance companies bounced back last month. Private life insurers grew by 21 per cent to

‘Indian banking outlook stable, NPA formation slow’

The pace of bad loan formation is going to slower resulting in a stable outlook for the Indian banking sector over the next 12-18 months, Moody's investors service said on Monday.

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