PGIM India mutual fund: PGIM looks for domestic AMC acquisition to grow faster

Prudential Global Investment Managers (PGIM), which has set a target of being among the top 10 fund houses over the next five years in the country, is looking for an acquisition to drive its mutual fund business here, a top company official has said. With a mutual fund AUM of …

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Sebi asks MFs to put in place policy on trade execution, allocation

Markets regulator Sebi on Thursday asked mutual fund houses to put in place a policy specifying role of several teams engaged in fund management and back office with regard to execution of order and allocation of trade among various schemes. The policy will ensure that all the schemes and its …

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