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 …

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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 …

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large cap funds: Principal Asset Management launches large cap fund

Principal Asset Management has launched the Principal Large Cap Fund. The NFO is open for subscription from 28th September to 12th October. According to the SID, the fund will allocate 80-85% of its corpus to the top 100 Indian large cap stocks and actively invest up to 15% in US …

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Mirae Asset mutual fund: Mirae Asset launches ultra short duration fund

Mirae Asset Investment Managers India has announced the launch of ‘Mirae Asset Ultra Short Duration Fund’. According to the fund house, the debt fund is suitable for investors looking at making investments for a short period of 3 to 6 months. The NFO is open and will close for subscription …

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Axis Global Alpha Equity Fund of Fund NFO mobilises Rs 1,200 crore

The new fund offer of Axis Global Alpha Equity Fund of Fund has mobilised Rs 1200 crore with about 70,000 applications. The new fund offer closed on September 18 and it will reopen for subscriptions from September 29. Financial planners believe the need for geographical diversification is one of the …

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