assets under management: GK, General Studies and Current Affairs

PMS Investment size increased by SEBI

January 22, 2020

The regulator of the securities market in India, Securities and Exchange Board of India (SEBI) had tightened disclosure norms on loan defaults and has increased the minimum investment limit by clients in a Portfolio Management Service (PMS) to Rs 50 lakh, from the earlier limit of Rs 25 lakh. The base net worth requirement of ..

Muthoot Finance to acquire IDBI Mutual Fund

November 26, 2019

Muthoot Finance known as the largest gold financing company in the world has entered into an agreement to acquire IDBI Asset Management Limited and IDBI Mutual Fund Trustee Company limited on 22nd November 2019. The transaction is expected to be completed by February 2020, subject to necessary regulatory approvals that will pave the way for ..