JioBlackRock Investment Advisers, the 50:50 joint venture between Jio Financial Services (JFSL) and BlackRock Inc, has received the green light from capital markets regulator Sebi and BSE to begin operations as an investment adviser in India. This approval marks another key step for JioBlackRock after Sebi had already approved JioBlackRock AMC in May to manage … Read more
Kotak Mahindra Asset Management Company Ltd (KMAMC) has announced the launch of ‘Choti SIP’, a novel initiative to make mutual fund investments more accessible to Indians. This new offering allows individuals to start investing with a minimal monthly contribution of Rs 250, a move intended to broaden the reach of mutual funds in line with … Read more
Sebi’s new asset class: Hours after the SEBI floated its idea to launch a new asset class, which will have more flexibility than a regular mutual fund scheme and lower ticket size than portfolio management services (PMS) and will cater to investors with a high-risk appetite. The new investment asset will be offered under the mutual … Read more