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19 Feb

SEBI’s new mutual fund rules from April 2025

MFNewsBusiness, Mutual Funds

Faster NFO deployment and more transparency Mumbai: The Securities and Exchange Board of India (SEBI) will implement new mutual fund rules from April 1, 2025. These changes aim to improve transparency, ensure timely fund deployment, and enhance accountability among asset management companies (AMCs). AMCs will have to deploy funds collected through New Fund Offers (NFOs) within a specified time. If they fail to do so, investors can exit without paying an exit load. This rule will prevent AMCs from raising excessive funds during NFOs and ensure proper allocation. SEBI has set a 30-day timeline for Asset Management Companies (AMCs) to deploy…

19 Feb

Jio Introduces JioTele OS: Innovation Operating System for every Smart TV

MFNewsBrands, Business, Entertainment, Technology

India’s own Smart TV operating system Enabling TV OEMs to provide world class experience at affordable price Mumbai: Jio announces launch of JioTele OS, a next-generation Smart TV operating system crafted to meet the unique needs of Indian audiences. With approx. 35 million connected TV households in India, the demand for digital entertainment continues to rise. However, many consumers encounter challenges due to the limited capabilities of their connected TVs, such as restricted customization, limited access to high-quality regional content, and the absence of seamless, premium user experience. Revolutionizing India’s Growing Connected TV Landscape Jio has positioned itself as a leader…

19 Feb

Audi launches the new Audi RS Q8 Performance in India

MFNewsBrands, Entertainment, Technology, Travel

Audi launches the new Audi RS Q8 Performance in India Chandigarh : Audi, the German luxury car manufacturer, today announced the launch of its high-performance luxury SUV, the Audi RS Q8 Performance, in India. The new Audi RS Q8 Performance represents the perfect amalgamation of raw power and sophisticated luxury, setting new benchmarks in the performance SUV segment with its exceptional capabilities and striking design. The new Audi RS Q8 Performance is available in India at a starting price of INR 2,49,00,000 ex-showroom. The car comes with Ownership benefit of 10-year complementary Road Side Assistance and attractive comprehensive maintenance and…

18 Feb

NFO’s Raining: 14 mutual fund NFOs are open for Investment as Today

MFNewsBreaking News, Business, Insurance, Mutual Funds

Chandigarh: Around 14 new mutual fund NFOs are open for subscription. Mutual fund houses launch new funds to complete their bouquet of offerings Four index funds are open for subscription and will close between February 21 to March 3. ITI Bharat Consumption Fund and HSBC Financial Services Fund are open for subscription and both will close on February 20. Invesco India Business Cycle Fund and Nippon India Active Momentum Fund are open for subscription and will close on February 20 and February 24 respectively. Scheme Name Open Date Close Date Scheme Type Bajaj Finserv Multi Cap Fund 06-Feb-2025 20-Feb-2025 Open…

18 Feb

RELIANCE CONSUMER PRODUCTS ENTERS THE UAE WITH THE LAUNCH OF CAMPA AT GULFOOD 2025

MFNewsBrands, Business, Shares, Travel

Partners with Agthia Group to refresh UAE Dubai, UAE / Bengaluru, 18th February 2025: Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited, officially launched the Indian legacy brand, Campa, in the UAE at the 30th edition of Gulfood, the world’s largest F&B sourcing event. This debut marks RCPL’s first entry into the United Arab Emirates and reaffirms its long-term commitment to the region. Since acquiring Campa Cola in 2022 and reintroducing it to India in 2023, RCPL has successfully revived the heritage brand that held cult status in India in the 1970s and 1980s. Campa Cola…

18 Feb

Indian investors lose $100 million in Ponzi scheme: Report

MFNewsBusiness, Opinions

Indian investors lose $100 million in Ponzi scheme: Report Mumbai: Falcon collected Rs 1,700 crore (about $196 million) from nearly 7,000 investors since 2021 but has repaid only half, according to a statement from Telangana police. Falcon collected Rs 1,700 crore (about $196 million) from nearly 7,000 investors since 2021 but has repaid only half, according to a statement from Telangana police. Thousands of investors in India are scrambling to recoup nearly $100 million after they were caught in a Ponzi scheme that duped them into making short-term investments promising high returns, according to a police statement and multiple victims…

18 Feb

म्यूचुअल फंड में सिर्फ ₹250 में शुरू करें निवेश, एसबीआई म्यूचुअल फंड का नया जननिवेश SIP लॉन्च

MFNewsBusiness, Mutual Funds

म्यूचुअल फंड में सिर्फ ₹250 में शुरू करें निवेश, एसबीआई म्यूचुअल फंड का नया जननिवेश SIP लॉन्च चंडीगढ़ Chandigarh: निवेशकों की सुविधा और एक बड़े और नए वर्ग को निवेश का एक नया मौका मिला है। एसबीआई म्यूचुअल फंड (SBI Mutual Fund) ने जननिवेश SIP (Systematic Investment Plan) की शुरुआत की है. जिसमें सिर्फ ₹250 प्रति महीने की छोटी रकम से भी म्यूचुअल फंड (Mutual fund) में निवेश किया जा सकता है। इसका मकसद छोटे निवेशकों और पहली बार निवेश करने वालों को म्यूचुअल फंड (Mutual Fund) में निवेश का मौका देना है। इस नई योजना को भारतीय प्रतिभूति और…

18 Feb

Bajaj Allianz GI Unveils ‘HERizon Care’

MFNewsBusiness, Health, Insurance

India’s First Comprehensive Health Insurance Plan Designed Exclusively for Women Chandigarh : Bajaj Allianz General Insurance, a leading private general insurer in India, has today announced the launch of ‘HERizon Care’, a thoughtfully designed inclusive health insurance product that caters exclusively to women’s evolving healthcare needs. This comprehensive policy addresses critical illnesses, maternal and reproductive health, wellness, and more, empowering women with financial security throughout their life stages. HERizon Care is the first health insurance plan in India that offers multiple specialized covers in a single policy, providing holistic protection tailored to women's unique needs. HERizon Care offers two comprehensive…

18 Feb

Airtel Payments Bank reports revenue growth of Rs. 700 crore in Q3 FY25, up 49% YoY

MFNewsBusiness, Shares, Technology

Airtel Payments Bank reports revenue growth of Rs. 700 crore in Q3 FY25, up 49% YoY Chandigarh: Airtel Payments Bank today announced its consolidated results for the third quarter ended on 31 December 2024, marking record growth with quarterly revenue crossing Rs. 700 crore, up by 49% YoY. The Bank’s net profits stood at Rs. 18.5 crore, up by 70% YoY and the EBITDA grew by 66% YoY to INR 87 crore in Q3 FY25. During the quarter, the Bank’s Monthly Transacting Users (MTU) exceeded well above 100 million, up by 62% YoY. The annualised gross merchandise value (GMV) close…

17 Feb

Bajaj Finserv AMC Launches ‘Bajaj Finserv Multi Cap Fund’

MFNewsBusiness, Mutual Funds

The Bajaj Finserv Multi Cap Fund will use a contrarian strategy, going against popular sentiment to identify untapped and undervalued opportunities Chandigarh: Bajaj Finserv AMC has announced the launch of Bajaj Finserv Multi Cap Fund, an open-ended equity scheme investing across large cap, mid cap and small cap stocks. The fund opens for subscription on February 6, 2025, and closes on February 20, 2025. The Bajaj Finserv Multi Cap Fund will use a contrarian strategy, going against popular sentiment to identify untapped and undervalued opportunities. This strategic approach may include buying assets that are out of favour or selling popular…