Groww, an investment platform, today announced direct plan mutual funds for its customers.
Equity mutual funds witnessed a net inflow of Rs 6,657 crore in March, a plunge of 59 per cent from the preceding month, due to volatile stock markets.
BSE said 37 asset management companies (AMCs) have agreed to pay a service charge per transaction for using its platform.
Investors remained bearish on gold ETFs as they pulled out Rs 835 cr from the instrument in 2017-18, making it the fifth consecutive financial year of outflow.
Mutual funds industry has added 32 lakh new investors over the last one year mainly due to a spirited promotion campaign by the industry, a senior Amfi official said.
The govt plans to hit the market with the follow-on offer of Bharat-22 ETF, with ICICI Prudential MF filing draft papers for the second round.
Surti has settled proceedings with regulator Sebi in connection with alleged violation of mutual funds norms in the Amtek Auto case.
Sebi will discuss a slew of measures at its board meeting for strengthening the algo trading framework, amending norms for companies undergoing bankruptcy proceedings.
In terms of returns to investors, most of the equity focused MFs have underperformed their respective benchmark S&P BSE indices, for the one year ended Dec last year.
Sebi is considering to reduce the additional expenses charged by MFs by 15 basis pts, a move aimed at increasing penetration of such products among investors.
SCRAP POLICY
Steel Ministry To Announce Scrap Policy This Year
Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs
Steel Secy Arun Sharma Says Policy Will Be Out By December 2018
Scheme Will Come In Effect From April 2020
Mint Reports
BHARTI AIRTEL
Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit
Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval
Economic Times Reports
ESSAR STEEL
Lenders To Meet Today To Decide On Essar Steel
CoC May Give Time To Arcelor And Numetal To Rectify Bids
Business Standard Reports
ICICI SECURITIES
IPO under SEBI scanner
SEBI has sought details of investment made by ICICI Prudential MF
Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr
A large chunk was bought by ICICI MF
ICICI MF is ICICI Securities largest public shareholder with 3.82% stake
Mint Reports
THOMAS COOK
Board approves proposal for corporate restructuring
Move aimed at simplifying & clarifying structure & holdings
To focus on travel, forex, destination mgmt & portfolio investments
Restructuring will consolidate HR services into Quess Corp
Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co
@BTVI