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Delhi-based Escorts Mutual Fund that was struggling to garner assets under management since last few years is said to be acquired by Quant Capital. (5-0)
HDFC Mutual Fund held a 4.37 percent stake in the beleaguered Punjab National Bank as at the end of the October-December quarter. The bank has been hit by fraudulent transactions of over Rs 11,000 crore.
3:30 pm Market at Close: After trading rangebound for a larger part of the day, market has ended the day on a flat note. The Sensex was up 15.75 points at 36155.73, while the Nifty was up 2.30 points at 11086.00. The market breadth favoured the declines as 1005 shares advanced, against a decline of 1895 shares, while 240 shares were unchanged. (36-0)
HDFC Mutual Fund will revise the dividend record date under the monthly option of HDFC Arbitrage Fund - Wholesale Plan with effect from February 1, the fund house said in a newspaper notice.
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.