Stay updated with breaking news from Dhirendra Kumar. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Out of Rs 7,832 crore paid out as commission by the top 10 bank-sponsored mutual funds, Rs 1,862 crore, or around 24 percent, went out to their parent banks. This is also because the large branch network of many parent banks helps attract inflows
The Employees' Provident Fund Organisation (EPFO) made its maiden investments in the National Stock Exchange Nifty50 and the S&P BSE Sensex exchange-traded funds (ETFs) offered by Nippon India and ICICI Prudential (IPru) in July. These two fund houses are now in the company of public sector bank-linked players SBI Mutual Fund (MF) and UTI MF, whose products have traditionally been used by the retirement fund body. EPFO's investment corpus was routed through Nippon and IPru nearly three months after they were approved for empanelment with the social security organisation.
It’s been a little over a year since a massive front-running scandal erupted at Axis Mutual Fund. The firm has since set its house in order and is now readying for a fresh innings.
India News: MOTIHARI: Two Chinese citizens were arrested by immigration officials on Saturday evening at Raxaul integrated check-post (ICP) on the Indo-Nepal bord.
Two Chinese citizens were arrested by the immigration officials at Raxaul integrated checkpost (ICP) on Indo-Nepal border for not having valid docume