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. …

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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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CAMS’ profits hinge on growth in mutual funds’ assets under management

MUMBAI: As a registrar and transfer agent for mutual funds, Computer Age Management Services Ltd is one of the first to go public, offering a little over 18 million shares. The firm’s business largely depends on growth in assets under management of mutual funds, which could at times get patchy. …

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