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Edelweiss MF to merge ETF-Nifty Bank with Nifty Largemidcap 250 Index Fund; focus on index funds

ENB is an open-ended scheme tracking Nifty Bank Index and ELM250 is an open-ended equity scheme replicating Nifty LargeMidcap 250 Index managing assets worth Rs 2 crore and Rs 50 crore respectively as on June 30, 2023. The record date for the merger is August 7, 2023. ....

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Why have China-focussed mutual funds hit a bump, again?

Why have China-focussed mutual funds hit a bump, again?
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

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Banks to gain $36 billion in deposits as debt funds get taxed

The nation scrapping tax incentives for some debt mutual funds has paved the way for banks to garner as much as $36 billion in deposits from the asset managers, according to Sunil Mehta, chief executive officer of Indian Banks’ Association, a lenders’ lobbying body. ....

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