Tata Mutual Fund launches “contact-less” on boarding for first time investors

Tata Mutual Fund has launched “contact-less on boarding” for first time investors in mutual funds. This process will make the account opening experience paper-less. It empowers the investor to open an account without waiting for anyone to show up at the door, a press release the from the fund house …

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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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debt mutual funds: Sebi contemplates stress testing, minimum asset allocation in debt MFs

With an aim to bring liquidity, markets regulator Sebi is mulling stress testing, minimum asset allocation in liquid assets and swing pricing like mechanism for all open-ended debt oriented mutual fund schemes, its chief Ajay Tyagi said on Tuesday. Sebi is facilitating the setting up of an expert committee to …

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small cap funds: Not forcing anyone to invest in small-caps: Sebi chief on multicap rejig

Sebi chief Ajay Tyagi on Tuesday said the markets regulator is not forcing anyone to invest in small-caps and investment should always be in the interest of investors amid new portfolio allocation rules for multi-cap mutual fund schemes. He further said multi-cap mutual fund schemes should be “true to label”. …

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PGIM India Mutual Fund: PGIM India’s global equity opportunities fund scales past Rs 300-cr-mark

PGIM India Mutual Fund’s Global Equity Opportunities Fund has become the largest international fund in the country with an AUM of over Rs 300 crore — a growth from around Rs 10 crore 11 months ago–, a senior company official has said. Though in the over Rs 27.5-lakh-crore domestic mutual …

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Union Medium Duration Fund: Union AMC launches Union Medium Duration Fund

Union AMC has announced the launch of Union Medium Duration Fund- an open-ended medium-term debt scheme investing in instruments with Macaulay duration of the portfolio is between 3 to 4 years. The New Fund Offer opens on 24th August 2020 and closes on 7th September 2020. The scheme will re-open …

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