ABSL mutual funds: Aditya Birla Sun Life Mutual Fund launches Special Opportunities Fund

Aditya Birla Sun Life AMC has announced the launch of Aditya Birla Sun Life Special Opportunities Fund, an open-ended equity scheme following the special situations theme. The fund will be managed by Anil Shah. The fund management team also includes Chanchal Khandelwal and Vinod Bhat. The NFO opens on October …

Read moreABSL mutual funds: Aditya Birla Sun Life Mutual Fund launches Special Opportunities Fund

Franklin Templeton MF’s six shut schemes generate Rs 8,262 cr since closure

Franklin Templeton Mutual Fund said its six shut schemes have received Rs 8,262 crore from maturities, pre-payments and coupon payments since closing down in April. The schemes have received Rs 1,078 crore during September 1-15. This takes the total cash flows received till date since April 24 to Rs 8,262 …

Read moreFranklin Templeton MF’s six shut schemes generate Rs 8,262 cr since closure

IIFL mutual funds: IIFL AMC suspends services of employee named by Sebi in front running case

IIFL Asset Management Company (AMC) on Sunday said it has suspended the services of its employee, Santosh B Singh, named by markets regulator Sebi in a front running case. Besides, it has initiated an internal enquiry into the conduct and functioning of the employee, taking into account the information and …

Read moreIIFL mutual funds: IIFL AMC suspends services of employee named by Sebi in front running case

Invesco India Focused 20 Equity Fund NFO collects over Rs 602 crore

Invesco India Focused 20 Equity Fund (an open-ended equity scheme investing in maximum 20 stocks across market capitalization (i.e. Multicap)), which was open for subscription until 23rd September has collected Rs. 602 crs in the NFO. The fund received 29,240 applications from investors across 855 cities & towns in India. …

Read moreInvesco India Focused 20 Equity Fund NFO collects over Rs 602 crore

Sebi takes steps to increase MF managers’ accountability; tightens disclosure norms

Markets regulator Sebi on Tuesday decided to make mutual fund managers more accountable by introducing a code of conduct for them and tightened disclosure norms with regard to forensic audit of listed entities. The watchdog also decided to strengthen the role of debenture trustees and amend insider trading norms. The …

Read moreSebi takes steps to increase MF managers’ accountability; tightens disclosure norms

Franklin Templeton mutual funds: Don’t get swayed by speculative reports, says Sanjay Sapre of Franklin Templeton MF

Sanjay Sapre, President of Franklin Templeton Asset Management (India), has asked the unitholders of the six shutterd debt schemes “not to be swayed by unverified or speculative reports in the media.” In a note titled `An Update on Winding-up of 6 Fixed Income Schemes,’ Sapre udated the unitholders that Karanataka …

Read moreFranklin Templeton mutual funds: Don’t get swayed by speculative reports, says Sanjay Sapre of Franklin Templeton MF

debt mutual funds: Mutual funds add 4.5 lakh folios in August; debt schemes gain traction

The mutual fund industry added 4.5 lakh investor accounts in August, taking the total tally to 9.25 crore, primarily on account of contribution from debt schemes. Market experts said that the addition of folios suggests that investors were undeterred by the market volatility. Besides, it indicates their understanding of the …

Read moredebt mutual funds: Mutual funds add 4.5 lakh folios in August; debt schemes gain traction