mutual fund schemes: Sebi tightens rules on inter-scheme transfers in mutual fund schemes

The Securities and Exchange Board of India (Sebi) has tightened rules on inter-scheme transfers (ISTs) in mutual fund schemes. The regulator said inter-scheme transfers for managing liquidity should only be taken after all other avenues including using cash, market borrowing and selling securities in the market, for raising liquidity have …

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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 …

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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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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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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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Sundaram Bluechip Fund: Sundaram Mutual launches Sundaram Bluechip Fund

Sundaram Mutual has announced the launch of Sundaram Bluechip Fund on Wednesday. The New Fund Offer (NFO) is an open-ended equity scheme predominantly investing in large cap bluechip stocks. The NFO will open for subscription on September 17, and close on September 30. The scheme will reopen for ongoing subscription …

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