Eight months after India's largest car maker, Maruti Suzuki India, announced plans for a Gujarat unit to be set up as a wholly-owned subsidiary of parent Suzuki, opposition to the move continues to simmer.
Asset management companies (AMCs) with net worth less than the Securities and Exchange Board of India (Sebi)’s new threshold of Rs 50 crore aren’t facing hurdles in launching new mutual fund (MF) schemes alone; fresh offerings in portfolio
It’s raining equity new fund offers (NFOs) this year. So far this year, the Rs 10 lakh-crore-Indian mutual fund sector has launched 45 new equity offers, the most since 2007, when 48 NFOs (the most so far) had hit the market.
Having faced regulator's flak for paying high upfront commissions to their agents, mutual funds are discussing a proposal for doing away with such one-time payments and replacing it with smaller amounts staggered over a longer period of time.
The Insurance Regulatory and Development Authority (Irda) is looking to allow insurance companies to deal with equity derivatives. R K Nair, member-finance & investment, Irda, revealed this while speaking at a function here on Thursday.
Birla Sun Life Mutual Fund, the country fourth largest fund house, is the newest entrant in the club of members having at least Rs 1 lakh-crore of corpus under management.It is the second fund house to do so this year.
In a counter-intuitive move that could also mean a lack of confidence in the dizzying post-election rally, fund houses are trying to regulate or even stop inflows into some of their funds, especially those investing in smaller stocks.
Mutual fund (MF) houses might have to align savings on direct plans with the commissions they pay to distributors, following the Securities and Exchange Board of India (Sebi) questioning asset management companies (AMCs) on the discrepancy between the