Essel Group repays mutual funds after promoter stake sale

HDFC Mutual Fund, ICICI Prudential MF and Aditya Birla SL Mutual Fund have received payments from the Essel group after the promoters sold stake in Zee Entertainment Enterprises (ZEE) to repay lenders. The...

BMO GAM to close European ETF business

The sub-funds will remain open for redemption requests until the closure date In a shareholder letter, BMO GAM has announced its intention to cease management of European-domiciled ETFs due to several factors, including dwindling...

PPFAS Mutual Fund to hold its 6th AGM in Bangalore, Mumbai

PPFAS Mutual Fund is planning to start its sixth Annual General Meetings (AGM) later this year. The meetings will begin in Bengaluru on November 30, followed by Mumbai on December 7, a press...

Aditya Birla MF segregates Rs 787 crore Adilink Paper

Mumbai: Aditya Birla Sun Life Mutual Fund said it segregated Rs 787 crore of Adilink Infra & Multitrading debentures that three of its schemes held, following a payment default by the Essel Group...

Midcaps likely to rise further on P/E comfort

ET Intelligence Group: The record high valuation premium of large-cap stocks compared with midcaps is likely to renew investors’ interest in the latter. Midcaps have underperformed by 26 per cent as compared to their...

Tabula IM: Expansion plans to focus on core markets beyond credit

Michael John Lytle of Tabula Investment Management Tabula Investment Management CEO Michael John Lytle has said the firm’s product pipeline will focus on "core markets outside of credit", as it looks to expand its...

Mutual fund houses say investors served by Karvy arm safe

Mumbai: Mutual fund houses serviced by Karvy Fintech, a Karvy group company, are preparing to reach out to their investors to assure them about the safety of their investments with the respective fund...