Apr 16, 2024, 06:25:52 PM IST At the end of March, the total cash holding of all equity-based mutual funds stood at Rs 1.33 lakh crore, at 4.71%. Here is the list of seven mutual funds who were sitting on over Rs 5,000 crore cash pile, according to data by ACE MF. iStock The largest … Read more
The top 10 mutual fund houses based on the total AUM account for around 78% of the total AUM. The total AUM of the mutual fund industry was Rs 54.02 lakh crore as of January 31, 2024, according to data by ACE MF. The other 34 mutual fund houses account for 22%. Here’s the list: … Read more
ICICI Prudential Mutual Fund has sold a partial stake in Zee Entertainment amid a price crash following the termination of a merger with Sony. According to an exchange filing, I-Pru MF has sold 2.06 crore shares or 2.15% stake between January 20 and January 30 in a series of secondary market transactions. At the end … Read more
Mutual funds offering free term life insurance along with investments in their schemes are having second thoughts about continuing with this facility as unexpectedly high claims in the wake of Covid-19 have made it unviable to extend this benefit. ICICI Prudential Mutual Fund and Aditya Birla Sun Life MF have put on hold this facility … Read more
Mumbai: Trust on Tuesday sold 12.6 crore shares of BPCL through a bulk deal on the NSE at an average price of 438.41. This values the deal at 5,523.97 crore. Exchange data showed ICICI Prudential Mutual Fund bought 1.39 crore shares of BPCL at 438.10 apiece. Shares of BPCL ended down 4.56% at 445.70 per … Read more