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Willing to take consent from unitholders: FT

mumbai, Nov. 27 -- Franklin Templeton, which decided to abruptly shut six of its Indian funds citing illiquidity in April, has told the markets regulator that it will comply with a high court order to... Read More


Franklin agreed on unitholder consent for winding up schemes in letter to Sebi

New Delhi, Nov. 26 -- Even as Franklin Templeton raced to the Supreme Court to stay the Karnataka HC judgement which held that unit holders' consent is required for winding up of mutual fund schemes, ... Read More


Zerodha co-founder's hedge fund clocks 40% return in first year of launch

New Delhi, Nov. 26 -- True Beacon, the hedge fund launched by Zerodha co-founder Nikhil Kamath has reported a 40.7% return over the past year. The Rs.400 crore odd fund is classified as a Category III... Read More


Tech stocks drive PGIM India Global to give 56% return

New Delhi, Nov. 24 -- With a 56% return in 2020 (year-to-date), PGIM India Global Equity Opportunities fund has outdone the hottest tech stock-driven mutual funds in India. However, the secret to its ... Read More


Paytm Money mulls launching loan against stocks, mutual funds

New Delhi, Nov. 24 -- Paytm Money is planning to launch loan against stocks and mutual funds, it said Tuesday. The fintech major, which launched direct mutual fund platform in September 2017, reported... Read More


DSP Mutual Fund takes contrarian call by launching a value fund

New Delhi, Nov. 20 -- After several years of the value strategy underperforming the growth strategy, DSP Mutual Fund has taken a punt on mean reversion. Value investing is a philosophy that seeks out ... Read More


Small investors skip Bitcoin rally

New Delhi, Nov. 18 -- Bitcoin is now just a heartbeat away from its 2017 peak, but the current rally has been disproportionately powered by institutional investments betting on the cryptocurrency. The... Read More


Three measures to gauge a bank's financial health

MUMBAI, Nov. 18 -- The Reserve Bank of India on tueday placed Lakshmi Vilas Bank under moratorium and announced its merging with DBS Bank. Withdrawals have been capped at Rs.25,000 per depositors, wit... Read More


The pros and cons of investing global

Mumbai, Nov. 16 -- As the stock market scales fresh peaks with each passing day, some investors are truly reaping the rewards of thinking local and acting global. The top-performing mutual fund in Ind... Read More


Navneet Munot departs SBI MF to become MD and CEO at HDFC Mutual Fund

MUMBAI, Nov. 16 -- Navneet Munot, chief investment officer (CIO) at SBI Mutual Fund, will move to HDFC Asset Management Company to take up the post of managing director and CEO, an exchange filing fro... Read More