Sachin Bansal begins mutual fund journey with launch of cheapest index fund – Navi Nifty 50 Index Fund
To attract investors, the fund house has kept the expense ratio of the direct plan at six basis points (0.06%).
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ITI Mutual Fund launches new fund offer of ITI Dynamic Bond Fund
The scheme will invest in a diversified bond portfolio to generate consistent income over a medium term. The portfolio will be actively managed
Read moreTata Mutual Fund launches new fund offer of Tata Floating Rate Fund
There are already 10 floating rate schemes which put together manage assets worth Rs 69,730 crore.
Read moreNippon India Mutual Fund launches new fund offer of Nippon India Nifty Pharma ETF
As of now there 12 pharma schemes that are focused on pharma stocks. These schemes put together manage assets worth Rs 14,949 crore.
Read morePaytm Payments Bank offers fixed deposit products of Suryoday Bank
The payments bank has already been offering fixed deposits service in collaboration with IndusInd Bank with a minimum investment of Rs. 100.
Read morePower Finance Corporations taps financial markets to raise Rs 5,000 crore through NCD
The NCD will be listed on the BSE and there is no put or call option embedded in these NCD.
Read morePaytm Money launches trading in futures and options on mobile app
The investors will be charged brokerage at the rate of Rs 10 per order
Read moreNational Pension System subscribers increase by 21.67% in CY2020: PFRDA
In a year fraught with lockdowns to fight spread of covid19 pandemic and health issues for public at large, there are many positive stories. One such story emerged in the form of robust growth in number of National Pension System (NPS) subscribers. In one year ended December 31, 2020 the number of NPS subscribers rose to 3.97 crore compared to
Read moreState Bank of India raises interest rates on fixed deposits
For fixed deposits maturing in one year to less than two years of principal below Rs 2 crore the interest rates payable are revised up by 10 basis points to 5% from earlier 4.9%.
Read moreWill Rs 50000 crore liquidity window save Indian mutual fund investors?
Reserve Bank of India (RBI) on 27 April 2020 announced special liquidity facility of Rs 50000 crore for mutual funds. The announcement is aimed at providing liquidity to the mutual funds which are stuck with low rated bonds. On 23 April 2020, Franklin Templeton Asset Management Company Limited announced plan to wide up its six bond fund schemes, which were
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