SEBI, the regulatory authority in India, is stepping up its oversight of small-cap funds. They’re now seeking information from individual asset management companies (AMCs) regarding the sale of these funds to super senior citizens. This move aims to ensure greater protection for elderly investors. The news was initially covered by Mint. Investment advisors suggest that … Read more
Over 5.25 crore subscribers have enrolled in Atal Pension Yojana (APY), the government’s flagship social security programme launched eight years ago, the finance ministry said in a statement. The scheme was launched on May 9, 2015, by Prime Minister Narendra Modi with the objective of delivering old-age income security to all citizens of India, particularly … Read more
DIIs include local mutual funds, insurance companies, pension funds and banks. Their increased participation has reduced the effect of higher market volatility on Indian equities compared with the peers in emerging markets. Synopsis DIIs include local mutual funds, insurance companies, pension funds and banks. Their increased participation has reduced the effect of higher market volatility … Read more
NEW DELHI: (AMC) on Tuesday reported a 26.52 per cent growth in profit after tax (PAT) at Rs 316.08 crore for the three months to March 2021. In comparison, the company had posted a PAT of Rs 249.83 crore in the same period a year ago, HDFC AMC said in a regulatory filing to the … Read more