No nomination in mutual fund or demat account? Here’s how legal heirs can claim investmentsNot having a nominee in mutual funds or demat accounts doesn’t mean your investments are lost—but it can make access difficult for your fam...
LIC Mutual Fund completes takeover of IDBI MF schemesLIC MF had an AUM of Rs 18,400 crore and IDBI MF had Rs 3,650 crore as of June. After completion of the merger, out of 20 schemes of IDBI M...
Competition Commission clears LIC Mutual Fund-IDBI Mutual Fund dealDeals beyond a certain value require approval from the regulator, as it keeps a tab on unfair business practices in the market place.
Sebi sets up working groups to review roles of sponsors, trustees of MFsThe working group will recommend an alternative set of eligibility criteria for entities to act as sponsor; review the existing eligibility...
CCI approves acquisition of L&T AMC by HSBC Asset ManagementThe transaction involves the acquisition by HSBC AMC and its nominees of 100 per cent share capital of L&T AMC from L&T Finance Holdings Lt...
Data Patterns raises Rs 176 crore from anchorsAxis MF , HDFC MF, Ashoka India Opportunities Fund, ICICI Pru MF, Aditya Birla Sun Life Trustee, Nippon Life, Kotak MF, IIFL Focused Fund, ...
MF investors have final say in scheme’s closure: SCAt Present, Trustees Alone Can Decide To Wind Up A Fund
View: Lessons from the Franklin Templeton fiascoThe violations by FT entities were serious and prejudicial to the interests of the investors and unitholders. The order underscored how FT ...
RBI nixes Muthoot Finance's plan to acquire IDBI Mutual FundMuthoot Finance had proposed to purchase 100 equity shares of IDBI AMC and IDBI MF Trustee Company held by the sellers for a total consider...
IDBI MF, trustee settles case with Sebi, pays over Rs 90 lakhIn view of this event, information was sought from all the mutual funds seeking details of their exposure(s) in the debt papers of BILT.
SEBI streamlines investment norms for employees, MF trusteesThe guidelines also look to check any undue advantage by the employees and trustees of mutual funds of any price sensitive information that...
CCI clears Edelweiss' purchase of JP Morgan's mutual fund business in IndiaUnder the deal, Edelweiss would acquire all onshore fund schemes managed by JP Morgan in India including its country-based onshore MF biz a...
Sebi cancels registration of Deutsche Mutual FundSebi said it has "cancelled certificate of registration of Deutsche MF and has withdrawn approval granted to Deutsche Asset Management to a...
Sebi cancels ING Mutual Fund registrationSebi has "cancelled the certificate of registration of ING MF and has withdrawn the approval granted to ING Investment Management (India) P...
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.
SBI Mutual Fund proposes to acquire schemes of Daiwa Mutual FundSBI Mutual Fund ("SBI MF") has agreed to acquire all of the existing India domiciled fund schemes of Daiwa Mutual Fund ("Daiwa MF").
- 'Govt to revise rules for MF trustees'
The stock market regulator is in the process of revising rules for mutual fund trustees, said M Damodaran, chairman of the Securities & Exc...