Mutual Fund Current Affairs, GK & News
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 More
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. ..
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 ..
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 ..
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 ..
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 ..
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 ..