Mutual funds in India: GK, General Studies and Current Affairs

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 ..

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 ..

Nimesh Shah elected as new Chairman of Association of Mutual Funds in India

Nimesh Shah, the MD & CEO of ICICI Prudential Mutual Fund, has been elected as new Chairman of Association of Mutual Funds in India (AMFI). He succeeded A Balasubramanian, CEO of Aditya Birla Sun Life Mutual Fund. Shah has been appointed as Chairman at a time when volatile equity markets and fears of liquidity at ..