Mutual Fund Current Affairs, GK & News
Mutual Fund
Mutual funds are touted to be the best tool for wealth creation over the long term. Definition of Mutual Fund A mutual fund is a fund that is created when a large number of investors put in their money, and is managed by professionally qualified persons with experience in investing in different asset classes-shares, bonds, ..
..Read MoreAshwani Bhatia appointed as the Managing Director of SBI
Ashwani Bhatia has been appointed as the managing director of State Bank of India by the Appointments Committee of the Cabinet, headed by Prime Minister of India. He will be appointed in the place of P K Gupta. Key highlights Mr. Bhatia has been serving as the deputy MD and CEO of SBI Mutual Fund. ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs - 2022 • India Nation & States Current Affairs
Topics: Cabinet committee • Mutual Fund • Prime Minister of India • SBI Capital Markets • State Bank of India
YES Bank to completely sell its mutual fund business operations
Mumbai headquartered Yes Bank declared its intention to cease its mutual fund business operations by selling out all its holdings in asset management and trustee subsidiaries. Wholly owned subsidiaries of YES Bank Limited are YES AMC (Yes Asset Management) is the asset management company of YES Mutual Fund and YTL (Yes Trustee Ltd) is the ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs - 2022 • India Nation & States Current Affairs
Topics: Bank regulation • Banking History of India • Mutual Fund • Mutual funds in India • Yes Bank
Franklin India Mutual Funds Closed Down 6 of its Debt Schemes
Franklin India Mutual Funds recently decided to close down 6 of its debt schemes in India due to redemption pressures. About the Closing Franklin India Mutual Funds closed down 6 of its credit managed yield oriented funds. These schemes had 25,658 crore INR of assets under management. The schemes were facing a high pressure for ..
Category: Economy & Banking Current Affairs - 2022 • Government Schemes Current Affairs
Topics: Franklin India Mutual Funds • Mutual Fund • Securities and Exchange Board Of India (Mutual Funds) Regulations
OPPO launches mutual fund platform ‘KASH’
China-based consumer electronics firm and smartphone manufacturer OPPO recently announced its mutual fund platform named ‘KASH’. The ‘OPPO Kash’ service, which will be pre-installed in all OPPO smartphones, will offer users to invest in mutual funds. The platform will also provide free credit reports, personal loans up to two lakh, business loans up to ₹2 crore and ..
Topics: Financial services • Mutual Fund • Oppo
CCI nod for merger of BOB and BNPP
On 14 Nov, the Competition Commission of India (CCI) has approved the merger of the BNP Paribas (BNPP) Mutual Fund and the Baroda (BOB) Mutual Fund, under the Competition Act, 2002. The parties propose to amalgamation includes BOB BOB Asset Management Company (AMC) into BNPP AMC and BNPP Trustee Company (TC) into BOB TC. After ..
Topics: American Motors Corporation • Asset management • BNP • BNP Paribas • BNPP • Finance • Investment • Money • Mutual Fund
HDFC Mutual Fund becomes India’s largest Asset Management Company
HDFC Mutual Fund has surpassed ICICI Prudential MF to become the India’s largest Asset Management Company (AMC). As per the latest data available with Association of Mutual funds in India (Amfi), HDFC MF manages assets worth Rs 3.35 lakh crore, while ICICI Prudential MF stood at Rs 3.08 lakh crore as of December 2018. MFs ..
Topics: Economy of India • Finance • ICICI Bank • ICICI Prudential Mutual Fund • Money • Mutual Fund • Mutual funds in India • SBI Mutual Fund