Edelweiss Mutual Fund Launches Edelweiss NIFTY PSU Bond Plus SDL Index Fund - 2026 NFO on March 10, 2021
Posted On: 2021-03-08 06:02:27 (Time Zone: Arizona, USA)
Edelweiss Asset Management Company Limited, one of India s fastest growing AMCs, announced the launch of Edelweiss NIFTY PSU Bond Plus SDL Index Fund - 2026 today. Passively managed, this first of its kind index fund will invest in AAA rated PSU Bonds as well as State Development Loans (SDL).
Key Highlights of the Edelweiss NIFTY PSU Bond Plus SDL Index Fund - 2026:
- India s first target-maturity, debt-index fund
- Will invest in State Development Loans (SDLs) plus PSU bonds
Is India a tough game for foreign mutual fund players? Sunil Subramaniam explains
Synopsis
Another international player is all set to pack their bags and leave the Indian mutual fund space as Sundaram Mutual has acquired the MF business of Principal AMC.
Another international player is all set to pack their bags and leave the Indian mutual fund space as Sundaram Mutual has acquired the MF business of Principal AMC. Sundaram Asset Management Company Limited announced on Thursday that apart from the schemes managed by Principal Asset Management, it will also acquire 100% of the share capital of Principal AMC, Principal Trustee Company Pvt Limited and Principal Retirement Advisors Pvt Ltd.
UTI Asset Management Company Limited IPO opens for subscription on 29th September 2020
Posted On: 2020-09-28 22:44:35 (Time Zone: Arizona, USA)
The initial public offer (IPO) of UTI Asset Management Company Limited (UTI) opens for subscription on 29th September 2020 and closes on 1st October 2020. The price band has been set at Rs. 552- Rs. 554 for a bid lot of 27 equity shares and at the upper price band, total issue size stands at Rs. 2,159.8 Cr. The issue consists of only offer for sale (OFS) from SBI, LIC, BoB, PNB and T. Rowe Price International Ltd (TRP) and the company will not receive any proceeds from this offer. The prime purpose of the issue is to achieve the benefits of listing shares on stock exchanges.
The Reserve Bank of India (RBI) approved the appointment of Sandeep Batra as the Executive Director of ICICI Bank. The appointment comes into effect from Wednesday. Batra has been appointed as the Executive Director for a period of three years. RBI vide its letter dated December 22, 2020 has communicated its approval for the appointment of Sandeep Batra as Executive Director of the Bank, ICICI Bank said in regulatory filing. The Board of Directors of the Bank vide a circular resolution dated December 23, 2020 has recorded December 23, 2020 as the effective date of appointment and taking charge by Sandeep Batra as Executive Director of the Bank, it said.