Tag: Mutual Fund
Indian Mutual Fund Industry Soon To Touch Rs 20 Lakh Crore
The assets under management (AUM) of the Indian mutual industry are expected to touch Rs 20 lakh crore soon, said a top official of Reliance Nippon Life Asset Management Ltd. (Reliance Mutual Fund).....
Government Nod To 8.65% Interest On EPF For 2016-17
The Central government has approved 8.65 per cent interest rate on the Employees' Provident Fund (EPF) deposits for 2016-17, officials said on Friday. ....
FATCA Non-compliant Accounts Not Blocked Automatically
There were no automatic blocking of bank accounts that did not comply with Foreign Account Tax Compliance Act (FATCA). ....
Franklin Templeton India Shuts 6 Credit Funds Amid Covid Crisis
Franklin Templeton Mutual Fund on Thursday announced it was closing six of its credit funds due to liquidity issues amid the coronavirus crisis. ....
RBI Comes Out With 'Special Liquidity Facility' For Mutual Funds
To ease liquidity pressures on Mutual Funds, the Reserve Bank of India on Monday decided to open a special liquidity facility (SLF-MF) worth Rs 50,000 crore.....
Franklin Templeton Apologises To SEBI, Says CEO Quoted Out Of Context
Franklin Templeton Mutual Fund on Friday issued an unconditional apology to SEBI for its President and CEO Jenny Johnson's recent statement where she indicated that the Indian market's regulator sudden change in guidelines were responsible for the shutting down of six fund mutual fund schemes.....
Markets Undeterred By Covid, Fundraising Increases
Despite the uncertainty prevailing in FY 2020-21 owing to Covid-19 pandemic, fundraising in FY 2020-21 was better than that in FY 2019-20 for both Public Issues and Rights Issues, the finance ministry said in a statement on Wednesday. ....
