ICICI Prudential Mutual Fund launches Business Cycle Fund

ICICI Prudential Mutual Fund has launched the ICICI Prudential Business Cycle Fund, an open-ended equity scheme.

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IRDAI approves facility for customer’s electronic consent for policies to all products

Regulator IRDAI has extended the facility for life insurers to obtain the consent of prospective policy holders electronically by three months till...

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Sebi increases overseas investment limit of mutual funds

The Securities and Exchange Board of India (Sebi) has enhanced the overseas investment limits per fund house to $600 million from the existing $300...

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Mirae Asset MF caps new SIPs in its Emerging Bluechip fund to Rs 2,500 per month

Mirae Asset Mutual Fund has reduced the investment limit for fresh inflows through systematic investment plans (SIPs) in its flagship Mirae Asset...

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AMFI asks mutual fund distributors to remove ‘Advisor’, ‘Wealth Manager’ label from their name

Association of Mutual Funds in India (Amfi) has asked mutual fund distributors to not identify themselves as advisors, writes The Economic Times.

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Multi cap schemes witness huge outflows in September; other equity schemes affected

The association of mutual funds in India (AMFI) released the monthly data for September about inflows in mutual fund schemes.

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Sebi regulates inter-scheme transfers; asks fund managers to user other avenues before IST

The Securities and Exchange Board of India (Sebi) has tightened rules on inter-scheme transfers (ISTs) in mutual fund schemes, as reported by The...

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Sebi mandates equity multi-cap MFs to invest minimum 25% in each small-caps, mid-caps and large-caps

The Securities and Exchange Board of India unexpectedly tightened the investment norms for multi-cap schemes of mutual funds—a category that...

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MF Investors continue to exit equity schemes for the second consecutive month

Equity mutual funds saw outflows for the second consecutive month with investors pulling out Rs 4,000 core in August, after withdrawing Rs 2,480...

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Axis AMC starts mutual fund services, transactions on WhatsApp

Axis Asset Management Company has extended a plethora of its services on WhatsApp that can be availed anytime of the day, writes The Economic Times.

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