Nomura initiated coverage on HDFC AMC, Nippon Asset Management, and UTI AMC with buy and neutral ratings, respectively. Target prices were ...

Despite the regulatory overhang, stocks of mutual fund houses appear attractive with compelling valuations.

The proposed sale of equity shares by Aditya Birla Capital and Sun Life India in the IPO will together constitute up to 13.50 per cent of t...

Through the OFS, Standard Life will raise about Rs 1,417 crore.

Essel group is confident to complete repayment towards each and every lender, the group said in a statement.

HDFC AMC has "rolled over" one of its schemes by as many as 380 days.

Analysts at CLSA said equity AUMs form 40 per cent of total funds.

HDFC AMC is only the second listing by an asset management company.

The Rs 2,800 crore initial public offering (IPO) was subscribed 83 times.

The IPO received bids for 1,25,60,62,470 shares against the issue size of 1,88,04,290 shares.

The issue received bids for 1,88,29,356 shares against the issue size of 1,88,04,290 shares.

Demand was seen mainly from qualified investors buyers (QIBs) and retail investors.

HDFC AMC is selling 4.08% stake in the IPO, while Standard Life will offload 7.95% holding.

The two partners -- HDFC and Standard Life -- look to sell a total of 12.01 per cent stake.

Favourable perception of brand & management in financial services industry works in its favour.

The AMFI plans to take up the issue of "disclosing distributors commission in Statement of Accounts" in its board meeting this week.

Barring a handful, most monthly income plans (MIPs) have been averse to loosening their purse strings in 2008-09 as regards to dividend pay...