Mutual funds in India Current Affairs, GK & News

SEBI Increases Foreign Investment Limit for MFs

Securities and Exchange Board of India (SEBI) has increased overseas investment limit for local mutual funds. Highlights With this, mutual funds can make overseas investments to a maximum of US $ 1 billion per Mutual Fund out of overall industry limit of US $ 7 billion. While in overseas Exchange Traded Fund, mutual funds can ..

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What are AT1 bonds?

Department of Financial Services (DFS), under finance ministry, has sent a memorandum to the chairman of Securities and Exchange Board of India (Sebi) and has asked it to withdraw a rule treating AT1 bonds (perpetuals) which is having 100-year maturity. Highlights The circular was issued by SEBI on March 10, 2021 regarding the AT1 bonds ..

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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 ..

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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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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 ..

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