Page-3 of Mutual Funds
Reliance capital gets CCI nod to acquire Goldman Sach's fund arm
Reliance Capital Asset Management (RCAM) has received nod from Competition Commission of India (CCI) to acquire Goldman Sachs’s mutual funds and exchange-traded funds business in India. This approval comes after the boards of both the companies had approved the acquisition ..
Month: Current Affairs - January, 2016
RCAM to takeover Goldman Sachs' mutual fund business in India
Reliance Capital Asset Management (RCAM) has announced to takeover global giant Goldman Sachs’ mutual fund business in India. It is first ever acquisition RCAM and will be acquired for 243 crore rupees in an all-cash deal. Under this deal, RCAM ..
Month: Current Affairs - October, 2015
Pramerica Mutual Fund has acquired Deutsche MF business in India
Mutual Fund sector witnessed fifth exit of foreign fund house in two years from India on 7 August, as Pramerica Mutual Fund (MF) a company affiliated to US based Prudential Financial Inc. buys out German Deutsche Bank Group’s MF business ..
Month: Current Affairs - August, 2015
SEBI cancels Sahara's mutual fund licence
Securities and Exchange Board of India (SEBI) has cancelled licence of Sahara asset Management Company (AMC). The license will stand cancelled after sixty days from the date of the order. The apex market regulator took this decision as Sahara AMC ..
Month: Current Affairs - July, 2015
SEBI issues framework for colour coding, product labelling for mutual funds
With the aim to inform investors with the amount of risk involved in various mutual funds scheme, market regulator- the Securities and Exchange Board of India (SEBI) has issued guidelines on ‘product labelling’ with colour coding for mutual funds. The ..
Month: Current Affairs - March, 2013
SEBI eases Mutual Fund exposure limit for HFCs
SEBI eased the the investment limit for HFCs (Housing Finance Companies) in debt mutual funds. An additional exposure not exceeding 10% of net assets of the scheme shall be allowed only to HFCs as part of financial services sector for ..