Dragged down by liquid/money market schemes, the Indian mutual fund industry witnessed net outflow to the tune of Rs 77,142 crore in the month of September - the biggest drop since March 2015.
IndiaFirst Life Insurance has received additional capital of Rs 150 crore from its three promoters - Bank of Baroda, Andhra Bank and UK’s wealth and investment company Legal & General as per their shareholding pattern.
The $2 billion ETF market in India will get a boost from EPFO funds and retail money that will flow in, said Koel Ghosh, director - business development, Asia Index on Tuesday.
The rupee strengthened by four paise to 65. 25 against the dollar in early trade today on sustained selling of the US currency by exporters and banks amid firm equity
The salaried class taxpayers gear up for shopping when the festive season is round the corner, be it buying new clothes or spending on luxury items.
The Indian mutual fund industry's average assets under management (AAUM) collectively grew by Rs 86,956.78 crore or 7.04 per cent in the July-September quarter.
Investors, who had missed the NTPC tax-free bond offering a couple of weeks ago, were clearly waiting in the wings to pounce on the Rs 700-crore PFC issue that opened on Monday and was lapped up within hours.
Government collected Rs 4,147 crore during the 90-day black money disclosure compliance window, which is higher than the previously announced amount of Rs 3,770 crore.
There is enough room to create more competition in the electronic and digital segments of the financial markets in India, especially the cash-management through ATM-debit card use, a top MasterCard
Rising for the fifth day in a row the rupee appreciated by 27 paise to trade at 65. 24 against the US dollar in early trade today at the Interbank
- Payout on Franklin Templeton plan
FT Capital Protection Oriented plan has announced up to 100 per cent of distributable surplus as dividend.
- Canara Robeco declares dividend
Canara Robeco Interval Series 2 has declared up to 100 per cent of distributable surplus as dividend.
- Payout on HSBC MF plan
HSBC Mutual Fund has declared up to 100 per cent of distributable surplus as dividend on HSBC Fixed Term Series 30.
- Dividend on Kotak MF
Kotak Mutual Fund has announced up to 100 per cent of distributable surplus as dividend on Quarterly Interval Plan Series 8.
- UTI Mutual Fund declares dividend
UTI MF has declared up to 100 per cent of surplus as dividend on UTI Quarterly Interval Fund Series IV.
- Payout on Bharti AXA scheme
Bharti AXA Mutual Fund has declared dividend on weekly frequency on Bharti AXA ST Income Fund.