Bandhan-led group to buy IDFC MF, deal valued at ₹4,500 croreThe consortium led by the Kolkata-based owner of Bandhan Bank trumped the US based Invesco that partnered with buyout firm Warburg Pincus a...
IDFC board okays proposal to divest MF businessExisting shareholders have questioned the IDFC board on the slow progress of value unlocking, with veteran investor Madhusudan Kela saying ...
MFs bullish on investments in debt on hopes of lower rateIDFC MF has more than doubled its average maturity to a little above eight years.
Brokerages give thumbs up to Aavas Financiers IPOMost of the domestic brokerages have recommended subscribing the issue with a long-term perspective.
Avendus-KKR emerges as frontrunner to buy IDFC MFAvendus and KKR have made an offer of Rs 3,000-4,000 crore. Exclusive negotiations are currently ongoing.
IDFC MF launches chat interface to resolve investor queriesIDFC Mutual Fund has launched ‘Ask Bugs’, a chat interface, on its website to resolve queries as well as to transact.
IDFC MF offers UPI payment facility to its investorsThis facility will be available to existing as well as new investors for lump sum purchases, and would subsequently be extended for SIP reg...
Mutual funds approach Sebi with 64 new schemes this fiscalInterestingly, some mutual fund houses are keen to launch NFOs with Hindi names so that investors in rural areas understand the objective o...
RBI intervention needed to check rupee overvaluation: Suyash Choudhary, IDFC MF"If you lose control of the dollar in that phase, then conditions would tighten further. I would still attribute less than a 50% probabilit...
Expect RBI to cut rates by 25 bps on September 29: Suyash Choudhary, IDFC MF'If you look at the last two inflation readings, they have undershot the revised trajectory that it had put out in their previous policy do...
Kenneth Andrade exits IDFC Mutual Fund leaving investors jitteryThe exit of Kenneth Andrade from IDFC Mutual Fund might prove a drag on the asset management company’s prospects in the foreseeable future.
Expect RBI to cut rates two more times this year: Suyash Choudhary, IDFC MF'Around 50 bps of room for rate cuts remains on the table. The RBI is likely to exercise this room in a staggered fashion.'
IDFC Mutual Fund launches new close-ended fundIDFC Mutual Fund launched a close-ended fund that aims to provide higher returns to investors through leveraging the benefits of the econom...
- Mutual fund industry lost Rs 36k crore in assets last fiscal
The MF industry, which has been battling a downturn for almost a year now, lost nearly Rs 36,000 crore in assets or 5.1% in the just conclu...
- New fund offers see revival hopes
The two-and-half-month-old rally in stock market has given revival hopes to new fund offers for equity MFs. Markets cheer election results ...
- IDFC MF launches IDFC Strategic Sector (50-50) Equity Fund
The investment objective of the scheme is to generate long term capital appreciation from a portfolio of predominantly equity and equity re...
- AMC business to see a lot of value creation
Standard Chartered Bank finally managed to get rid of its mutual fund business, after more than a year-long effort.