DHFL Pramerica Mutual Fund is merging four of its schemes and also certain plans under various debt schemes.

The company has been facing liquidity crisis and has recently defaulted on its repayment obligations.

DHFL Pramerica Medium Term Fund had invested 37 per cent of its portfolio in its parent company DHFL’s papers.

The net asset value of several debt schemes fell by as much as 53 per cent in one day after DHFL delayed interest payments.

DHFL Pramerica Mutual Fund has decided to merge four of its debt mutual fund schemes.

Debt funds are being hit by a double whammy.

DHFL holds 51 per cent and Prudential owns the rest in DHFL Pramerica.

Pramerica and DHFL formed the joint venture in 2014..

Pramerica Financial and Dewan Housing Finance Corporation Ltd. (DHFL) signed a binding term sheet for Pramerica to acquire DHFL’s stake in ...

The fund will be managed by Alok Agarwal.

Since 2006, Rajesh was associated with Kotak Mahindra Wealth Management, heading their investment advisory and family office businesses.

The bank would offer coupon rate of 9 per cent.

The company has already more than doubled the number of its products, branches and distributors since it acquired Deutsche Bank's mutual fu...

Wadhawan Global Capital, led by Kapil Wadhawan, is looking for a strong partner to grow its financial services group.

New business premium income grew 44 per cent during the first half of current fiscal to Rs 322 crore, DPLI said in a statement.

DHFL today said it has acquired 50 per cent stake in Pramerica Asset Managers Private (PAMC) and Pramerica Trustees Private (PTC).

DHFL and Prudential Financial have agreed to form an asset management joint venture in India, wherein each company will own 50 per cent of ...