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Capital market regulator SEBI has directed existing Execution-Only Platforms (EOPs) such as MF Utilities India,

Groww has executed the acquisition of the mutual fund business of IndiaBulls Housing Finance for a consideration of INR 175.6 Cr.

Online mutual fund investment platforms will soon be able to charge their customers or fund houses for executing transactions

Get latest articles and stories on Latest News at LatestLY. Sebi on Tuesday said it will introduce a regulatory framework for "Execution Only Platforms" for direct plans of mutual fund schemes in a bid to further promote the penetration of such instruments as an investment vehicle. Latest News | Sebi to Introduce Regulatory Framework for 'execution Only Platforms' for Direct Plans of Mutual Fund Schemes.

New Delhi [India], September 7 (ANI/NewsVoir): ET Money, one of India's largest wealth tech startups, announced that it has crossed Rs 30,000 crores or approximately USD 4bn in retail mutual fund investments that are managed on its platform. Out of the Rs.30,000 Crores, Rs.11,000 Crores (USD 1.4Bn) is the current value of the investments (AUM) done on the platform itself, while the remaining Rs 19,000Cr (USD 2.7Bn) are the investments imported by users via ET Money's Portfolio Upload facility. Between July 2021 to July 2022, while the stock market has been extremely volatile, ET Money&...