‘Asset Management Company’ — 72 News Result(s)

Sebi Cancels Sahara’s Mutual Fund Licence

On February 27, 2015 18:51 (IST)

Sebi said Sahara’s asset management company has 30 days to transfer its business to another company.

The Competition Commission of India (CCI) has approved Japanese financial services giant Nippon’s proposed deal to hike its stake in Reliance Mutual Fund to 49 per cent in multiple tranches.

Indiabulls Asset Management Company (IBAMC) said it has launched its first real estate fund, which aims to raise Rs 1,000 crore.

The Competition Commission of India has given nod to Kotak Mahindra Mutual Fund’s proposed acquisition of schemes run by PineBridge Mutual Fund.

Debt mutual funds that invest in long-term government bonds have rallied sharply over the past month. Hopes of an earlier-than-expected rate cut from the Reserve Bank of India (RBI) amid a sharp fall in inflation have fueled a strong buying interest.

Dewan Housing Finance Corporation Limited (DHFL) on Tuesday said it has acquired a 50 per cent stake in Pramerica Asset Managers, US-based Prudential Financial’s asset management business in India, for an undisclosed amount.

Birla Sun Life Asset Management Company Ltd (BSLAMC), a part of Aditya Birla Financial Services group, today said it has completed acquisition of all mutual fund schemes and portfolio management accounts of ING Investment Management India.

Enthused by the ongoing rally in the stock markets, mutual fund houses are bullish about industry growth driven by equity-oriented funds.

Soon to embark on its 20th year of existence, Reliance Group Fund has seen its net asset value or NAV cross the Rs 700 level — becoming the first mutual fund scheme in the country to reach this milestone.

Bombay Stock Exchange (BSE) will shift securities of 74 companies to the restricted trading segment from September 9, to ensure safety of the investors.

The top three positions continue to be captured by HDFC, ICICI Prudential Asset Management Company and Franklin Templeton in the past three years, according to a report.

Financial sector conglomerate Reliance Capital on Thursday reported an 23 per cent increase in net profit at Rs 164 crore for the quarter ended June 2014, helped by growth in its general insurance and asset management businesses.

The Competition Commission of India (CCI) has cleared a proposed deal between Birla Sun Life entities and ING in the mutual funds space, saying the transaction is unlikely to have an adverse impact on competition.

MV SCIF Mauritius, part of US-based asset management company Van Eck Associates Corporation, on Friday picked up over 2 crore shares in six companies, including Unitech, Tata Elxsi, MTNL and Gitanjali Gems for an estimated amount of Rs 122.54 crore t.

Birla Sun Life Asset Management Company on Wednesday said its domestic equity assets under management (AUM) have crossed the Rs 16,000-crore level.

Public sector banks requested government for capital infusion and long-term instrument for financing infrastructure sector. Bankers also requested for issue of tax free bonds for development of infrastructure sector.

There is a proposal to form such an entity, for which public sector banks can jointly put in capital, sources said.

In compliance with capital market regulator Securities and Exchange Board of India’s norm, Religare Invesco Asset Management Company has raised its net worth to over Rs 50 crore.

The company’s income from operations rose by 5 per cent to Rs 775 crore during the year, from Rs 735 crore in 2012-13.