Reliance Capital to acquire Goldman Sachs’ Indian mutual fund business for Rs 243 croreThe mutual fund industry manages assets worth Rs 13.15 lakh crore. The deal values Goldman’s domestic mutual fund business at 3.4 per cent ...
22 Oct, 2015, 04.36 AM IST
More foreign MFs on way out as Nomura plans to exit LICWith the exit of Goldman Sachs, which sold its business to Reliance Capital today, there are 43 MFs in India managing a tad over Rs 13-tril...
21 Oct, 2015, 09.23 PM IST
LIC Nomura Mutual Fund makes two key appointmentsLIC Nomura Mutual Fund AMC today said it has appointed Saravana Kumar the Chief Investment Officer, Equity and Debt, and Nityanand Prabhu t...
04 May, 2015, 06.45 PM IST
LIC Nomura MF appoints CIO and COO via new processThe fund has now appointed Saravana Kumar as the chief investment officer-equity & debt. Nityanand Prabhu was appointed as chief operating ...
04 May, 2015, 02.14 PM IST
JPMorgan may sell India mutual fund businessSources said JP Morgan has begun discussions for a possible sale of its Indian mutual fund arm, although the fund house officially declined...
15 Mar, 2015, 12.14 PM IST
Birla MF completes acquisition of ING AMCA few schemes, including multi-manager funds, have however been retained in line with BSLAMC's strategy to grow and serve even more investo...
27 Oct, 2014, 05.25 PM IST
Birla Sun Life Mutual Fund begins process of merging ING Mutual Fund schemesBirla Sun Life Mutual Fund has begun the process of merging all the schemes of the target entity with its own portfolios.
08 Sep, 2014, 02.50 PM IST
Birla Sun Life-ING deal gets Competition Commission approvalThe Competition Commission of India said the proposed combination "is not likely to have an appreciable adverse effect on competition in In...
15 Jul, 2014, 08.22 PM IST
Birla Sun Life Mutual Fund to acquire ING Investment Management India assetsBirla Sun Life Mutual Fund, in a statement today said it will acquire the assets of ING Investment Management India for an undisclosed sum
15 May, 2014, 10.00 PM IST
Small mutual fund houses protest rise in rating fee for debt plansAmong the AMCs signing the letter include IDBI, BNP Paribas, Mirae Asset, BoI AXA Investment Managers, ING, Pramerica and Union KBC.
02 Dec, 2013, 05.05 AM IST
- Should you invest in Quantum Multi Asset Fund?
Quantum AMC has launched Quantum Multi Asset Fund, an open-ended fund of funds that aims to generate moderate capital appreciation.
25 Jun, 2012, 01.59 PM IST
- Heard on the Street
Savvy traders are said to be accumulating shares of public sector undertakings such as NTPC, REC and NMDC, which have lined up follow-on pu...
12 Jan, 2010, 02.54 AM IST
- Fidelity buys out Burmans’ 25% stake in Indian arm
Fidelity International, one of the largest asset management companies in the world, has bought out the 25% stake of the Burman family, the ...
09 May, 2007, 03.34 AM IST
- Hathway buys 39% in ING Vysya MF
It may be a while before MFs are allowed to invest in RE, but realtors are buying into these funds.
11 Apr, 2007, 01.45 AM IST
- ING gung-ho on India, wants to push up Vysya Bank stake
Dutch ING Group will not dilute its shareholding in ING Vysya Bank even if the bank hits the capital markets.
06 Oct, 2006, 02.27 AM IST
- Mutual fund kitty swells in July
The Indian mutual fund industry witnessed a net inflow of about Rs 22,730 crore in July ’06, an 8.56% rise over Rs 2,65,536 crore worth of ...
04 Aug, 2006, 12.43 AM IST
- AMC for PSUs? Yes, but not another company
The government is planning to go ahead with the asset management company (AMC) for public sector companies as proposed by finance minister ...
10 Sep, 2002, 02.08 AM IST