Times Network, a part of India’s largest media conglomerate, The Times Group and AMFI in a strategic partnership, today announced India’s biggest Mutual Fund awareness campaign, ‘Jan Nivesh’. Reaching out to millions of Indians the Jan Nivesh campaign will educate, inspire and encourage Indians to change their financial habits to create wealth smartly by investing regularly in … Read more
Lemon Tree Hotels Ltd. (LTHL) is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of June 30, 2017, according to the Horwath Report. It is the ninth largest hotel chain in India in terms of owned, leased … Read more
The latest SPIVA® (S&P Indices Versus Active) India Scorecard reveals that over a one-year period, ending 29 December 2017, 59.4% of large-cap equity funds, 72.1% of mid/small-cap equity funds and 34% of Indian composite bond funds underperformed their respective indices. Akash Jain, Associate Director, Global Research & Design, Asia Index Private Limited said: “As of … Read more
ICICI Securities Ltd. (I-sec) is a leading technology-based securities firm in India that offers a wide range of financial services including brokerage, financial product distribution and investment banking and focuses on both retail and institutional clients. It has been the largest equity broker in India since fiscal 2014 by brokerage revenue and active customers in … Read more
HDFC Life has launched a fixed-benefit insurance plan that covers 18 heart conditions, called HDFC Life Cardiac Care. These 18 conditions are classified into three categories as per the severity – High Severity, Moderate Severity and Mild Severity. A lump sum benefit is given to the insured as per the category. Highlights: A fixed … Read more
ICICI Prudential AMC is offering a close-ended fund, Bharat Consumption Fund Series I, for subscription to the public. The fund, as the name suggests, will invest in the fast-growing consumption sector in India. ICICI Prudential Bharat Consumption Fund Series 1, a ~3.5 years close ended equity fund, aims to benefit from consumption themes that include … Read more
There’s a big question in the minds of mutual fund investors is: Should one average-down when the markets are falling? It’s been a volatile last few weeks, and equity prices have tumbled back to levels where they were seven months ago in July 2017. Stocks have lost significantly, and equity mutual fund investors are also … Read more
Bandhan Bank Ltd. (BBL), a micro finance company that got RBI license in 2015 for Bank, has transited itself into a bank on 23rd August 2015. It had a mandate to bring IPO within three years of starting banking operation; it is coming much before that with its maiden IPO. Operations BBL is a commercial … Read more
Industry AUM up 24% YoY; declines marginally on MoM basis According to the Association of Mutual Funds in India (AMFI), the Assets Under Management (AUM) of the Indian mutual fund industry came in at Rs. 22.20 lakh crore in February 2018, down from Rs. 22.41 lakh crore in January 2018.Compared with January 2018, there was a marginal decline in AUM across … Read more
BSE is pleased to announce that 40 banks have been enabled for e-mandate on BSE StAR MF, India’s largest mutual funds distribution Infrastructure. BSE StAR MF introduced e-mandate facility on 20th January 2018. This is completely paperless framework that reduces the time taken for mandate approval to 3 days from 10 to 35 days taken for paper based … Read more