Page-2 of Mutual Fund Current Affairs, GK & News

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 ..

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What is the meaning of Contingent Deferred Sales Charge?

Contingent Deferred Sales Charge is basically a back-end load or a sales charge which is paid by the mutual fund investors when they sell Class-B fund shares in a particular number of years on the same date on which they were initially bought. Thus in mutual funds which have share classes to determine the time ..

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First Investment via QFI Route worth $ 5m

India received its first investment via the QFI (Qualified Framework Investor) route, thus ending speculations that the India’s efforts to get investors to buy shares directly will be on the fritz. Kotak Mahindra Bank struck a deal worth $5 million, following which India received its first investment via the QFI route. T The strategy to ..

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