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SBI MF's new children's fund open to investing in global stocks, REITs

New Delhi, Sept. 18 -- SBI Mutual Fund on Tuesday launched a new fund offer (NFO), SBI Children's Benefit Fund - Investment Option, which is a solution-oriented fund aimed at parents who want to inves... Read More


Banks move towards advisory for HNIs, distribution for retail

New Delhi, Sept. 18 -- A growing demand for advice among high net-worth individuals (HNIs) is pushing banks to offer advisory services and platforms. Many large banking groups, including ICICI Bank, A... Read More


From 1st Jan, Mutual Fund investors to get NAV only after funds reach AMC

New Delhi, Sept. 17 -- From 1st Jan 2021, you will get the Net Asset Value (NAV) of a particular day only if your money reaches the fund house in question on that day, according to a Sebi circular iss... Read More


As interest rates head south, it may be time to shift your savings bank account

New Delhi, Sept. 16 -- Big banks in India have sharply cut their savings account interest rates over the past year. This has created wide gaps even among large scheduled commercial banks. For instanc... Read More


AUM of ETFs tracking Nifty tops Rs.1 tn but retail investors stay in active fund

New Delhi, Sept. 15 -- The total asset under management (AUM) of exchange traded funds (ETFs) in India tracking the Nifty 50 index has gone past the Rs.1 trillion level. The National Stock Exchange (N... Read More


Sebi's new rules likely to benefit small, mid caps

New Delhi, Sept. 14 -- A Sebi circular requires the multicap funds to invest at least 25% each of their assets in the large-cap, mid-cap and small-cap segment. This has led to apprehension of forced b... Read More


Initial cost of foreign remittance to go up

New Delhi, Sept. 13 -- The upfront cost of studying abroad, taking a holiday in a foreign country or investing in stocks, bonds and property abroad is set to go up from October. Budget 2020 introduce... Read More


Sebi revamps rules for multi-cap funds

Mumbai, Sept. 12 -- Multi-cap funds managing assets of Rs 1.46 lakh crore may have to shift about Rs 30,000 crore of their funds to mid- and small-cap stocks in the coming months, with the market regu... Read More


Sebi revamps rules for multi-cap funds

mumbai, Sept. 12 -- Multi-cap funds managing assets of Rs.1.46 lakh crore may have to shift about Rs.30,000 crore of their funds to mid- and small-cap stocks in the coming months, with the market regu... Read More


Sebi revamps structure of multi-cap funds

New Delhi, Sept. 11 -- In a circular released on Friday, the Securities and Exchange Board of India (Sebi) introduced a detailed portfolio structure for multi-cap funds. Such schemes must invest at le... Read More