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MF LICENCE
Fintech startup Fisdom plans to launch portfolio management servicesThe PayU-backed fintech clocked revenue of Rs 75 crore in FY23 and is already profitable in its wealth management business. It aims to brea...09 May, 2023, 08.03 PM IST- Zerodha gets Sebi’s in-principle nod to launch mutual fund businessZerodha has received a licence from capital markets regulator, the Securities and Exchange Board of India (Sebi), to set up an Asset Manage...02 Sep, 2021, 02.02 AM IST
- Zerodha gets Sebi's approval to set up an AMCThe in-principle approval from Sebi will allow the Bengaluru-based startup to launch its own mutual funds, founder and chief executive Nith...01 Sep, 2021, 09.32 PM IST
- Niyo plans to apply for mutual fund licence; aims to double user base by end of FY22Niyo had had last year announced the acquisition of Goalwise, an MF distribution platform. The company already distributes insurance polici...26 Mar, 2021, 10.22 AM IST
- Sebi asks Sahara Mutual Fund to wind up all schemesMarkets regulator Sebi asked Sahara Mutual Fund to wind up all its schemes.12 Apr, 2018, 10.17 AM IST
- Mahindra Finance may launch mutual fund business by AprilMahindra Finance, a Non-Banking Financial Company (NBFC), which recently received licence from Sebi for mutual fund business, is likely to ...25 Feb, 2016, 03.00 PM IST
- SEBI cancels Sahara MF’s licence, orders transfer of business to a new fund houseSEBI cancelled Sahara asset management company's license, saying it's not a 'fit and proper person' to carry out the business of mutual fun...29 Jul, 2015, 02.04 AM IST
- Bandhan Financial Services' MF operations to be transferred to bank: CS Ghosh"The MF business activity of Bandhan will be transferred to the bank which will service the existing customers," Chairman and Managing dire...03 Apr, 2014, 03.22 PM IST
- Committee to review National Telecom Policy guidelines on June 17An eight-member committee will meet on June 17 to review the implementation of guidelines set by the National Telecom Policy of 2012.13 Jun, 2013, 04.00 AM IST
- Unified licensing regime likely in a month: Telecom secretaryThe telecom department is likely to finalise the unified licensing regime within a month, telecom secretary MF Farooqui said.06 Jun, 2013, 05.04 AM IST
- Daiwa Mutual to sell portfolios, but may retain MF licence hereThe company will soon start looking around for potential buyers for the fund portfolios, said a source close to the development.07 Nov, 2012, 05.20 AM IST
- Finally, Indiabulls, IIFL and UBI get MF licenceSebi has given a final approval to Indiabulls, India Infoline and Union Bank of India-KBC Asset Management to start their mutual fund busin...23 Mar, 2011, 05.33 AM IST
- SEBI yet to decide on 25 MF licence applicationsMahindra and Mahindra Financial Services, India Infoline and Indiabulls Financial are among the 25 cos waiting for over three years.09 Mar, 2011, 03.26 AM IST
- IDBI, Union Bank to foray into asset management biz in 6 mthsIn a bid to diversify their operations, two state-run banks -- Union Bank and IDBI Bank -- are planning to venture into asset management sp...06 Sep, 2009, 11.37 AM IST
- UBI ropes in Belgian firm for MF forayUnion Bank of India has formed a joint venture with leading Belgian financial player KBC Group to launch mutual fund business.08 Nov, 2008, 12.00 AM IST
- Fidelity to launch a distribution agencyFidelity India is set to enter the mutual fund distribution business in India, a senior official at the fund house said06 Jun, 2008, 05.04 AM IST
- Japan’s Nomura to apply for MF licenceNomura Holdings, Japan’s largest securities firm, is planning to enter the asset management business in India.21 Feb, 2007, 12.52 AM IST
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