Company Overview and News
2017 was a momentous year for mutual funds. It was a record year, both in terms of new investors and the amount of net inflows into MFs. Equity and equity-oriented balanced mutual funds saw a net inflow of Rs.2,68,000 crore (USD 42 bn) in 2017.
Public sector banks (PSBs) are looking to raise funds by diluting stakes in their mutual funds arms via initial public offerings (IPOs). The government had directed banks to sell non-core assets to make up for any shortfall in capital post the Rs 2.11 lakh crore recapitalisation package.
On December 4, 2017 SCI Growth Investments II sold 5,74,710 shares of Just Dial at Rs 501.54 on the NSE.
AU Small Finance Bank has entered into an agreement with Asset Management Companies (AMCs) to distribute their mutual fund schemes, a release from the company stated.
The board of directors of HDFC Asset Management Company, the sponsor of HDFC Mutual Fund, has cleared a proposal to initiate the process of filing for its initial public offer.
In terms of asset allocation, the scheme will invest at least 95 percent of its corpus in securities covered by S&P BSE Quality Index, while the balance 5 percent will be allocated to debt and money market instruments.
The QIP was subscribed by foreign as well as domestic investors like CDPQ, Fidelity, Goldman Sachs, Nomura, HDFC Mutual Fund, Kotak and Birla MFs.
Edelweiss Financial Services (EFSL) today said it has raised Rs 1,528 crore through the qualified institution placement (QIP) route.
Edelweiss Financial Services (EFSL) said it has raised Rs 1,527.75 crore through the Qualified Institutions Placement (QIP) route.
Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. (14-0)
HDFC Mutual Fund aims to invest in industries/entities that are engaged in or expected to benefit from the growth in housing and its allied business activities.
On November 10, 2017 HDFC Mutual Fund bought 340,000 shares of Just Dial at Rs 520.08 per share on the NSE. Also, the house bought 340,000 shares of the company at Rs 522.79 per share on the NSE.
HDFC Mutual Fund will launch HDFC Housing Opportunities Fund- Series 1 on Nov 16 and it will remain open for subscription until November 30, an official from the fund house said today.
HDFC Mutual Fund believes geopolitical tensions, particularly emanating from the Far East and elsewhere in the world, continue to remain key risks to this market rally.
Shares of Sarla Performance Fibres may remain in focus, as HDFC Mutual Fund has reduced its stake in Sarla Performance Fibres. Through HDFC Prudence Fund and HDFC Small Cap Fund, the fund house reduced its stake to 6.27 per cent. HDFC Mutual had held 8.38 per cent stake since October 2014. It sold 17.59 lakh shares (or 2.11 per cent stake in the company) on October 24 through open market, Sarla Performance said in a disclosure to the stock exchanges.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton