Mutual Fund & Asset Management
A mutual fund is a type of professionally-managed collective investment vehicle that pools money from many investors to purchase securities. Asset management, broadly defined, refers to any system whereby things that are of value to an entity or group are monitored and maintained./5
IIFL Asset Management acquired the stake in for USD 60 million ahead of its IPO plan.
Latest from HBR... Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Fund...
A Mutual Fund is an investment vehicle operated by an Asset Management Corporation (AMC) and is required to be registered with SEBI ...
DSP BlackRock Mutual Fund: This Asset Management Company completed 15 years of its existence in April ...
Head of US Sales - NJ/NY Our client is looking for a business partner who is able to bring a different skill set to their company. The right candidate will be able to think outside of the box to create new products and offerings to the Mutual Fund and Asset Management arena. Our client is looking for someone to utilize their systems and processes to create new offerings, while using their own expertise. Expert managerial skills is key for this position, with a hands on approach to the business. Maturity and seniority are also essential, with the ability to motivate a sales team. Background in Asset Management, Technology, or Capital Markets is helpful. For further information, please contact us at info We look forward to hearing from you!
IDBI Mutual Funds garners over Rs 120 crore from 'Gilt Fund' !!! IDBI Asset Management, the mutual fund subsidiary of IDBI Bank, has garnered over Rs 120 crore through its 'IDBI Gilt Fund', the company said in a release. "We have received an overwhelming response to our latest offering, IDBI Gilt Fund, from across the country," Managing Director and Chief Executive Officer of IDBI Asset Management Debasish Mallick said. The Gilt Fund, which opened for subscription on December 5 and closed on December 17, has been designed to provide regular income to investors along with opportunities for capital appreciation through investments in Central and state government securities, treasury bills and similar other instruments issued by Central and state governments. The scheme reopens for continuous sale and repurchase from December 27. IDBI Mutual Fund has an average assets under management of around Rs 5,412 crore by the end of September quarter.
At a time mutual fund companies are striving to extract every penny from the investor, Parag Parikh Financial Advisory Services Asset Management, the newest asset manager in the country, intends to give deep fee discounts to investors in its equity scheme to be launched in January. PPFAS Asset Management, which received Sebi approval to begin its mutual fund business early this week, intends to charge only 2% as asset management fees from investors. Sebi rules mandate that equity schemes with assets below Rs 100 crore can charge 2.5% as asset management fees, an additional 30 basis points (0.3 percentage) if they mobilize funds from cities beyond the top 15 and an extra 20 basis points (0.2 percentage) if there are redemptions from the fund. UTI Mutual Fund has announced the launch of a new scheme ‘UTI Credit Opportunities Fund’ (UTICOF). The new fund offer opens on October 25 and closes on November 8. The scheme will re-open for purchase and redemption from November 26, onwards. The investment ob ...
Mutual Funds In India Mutual Funds are money-managing institutions set up to professionally invest the money pooled in from the public. These schemes are managed by Asset Management Companies (AMC), which are sponsored by different financial institutions or companies. Mutual Fund is an ideal investment vehicle where a number of investors come together to pool their money with common investment goal. Each Mutual Fund with different type of schemes is managed by respective Asset Management Company (AMC). An investor can invest his money in one or more schemes of Mutual Fund according to his choice and becomes the unit holder of the scheme. The invested money in a particular scheme of a Mutual Fund is then invested by fund manager in different types of suitable stock and securities, bonds and money market instruments. Each Mutual Fund is managed by qualified professional man, who use this money to create a portfolio which includes stock and shares, bonds, gilt, money-market instruments or combination of all. ...
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