Breaking News Archives - Page 120 of 133

24 Apr

360 ONE WAM enters into collaboration with UBS on wealth management

MFNewsBrands, Breaking News, Business, Mutual Funds, Opinions, Technology

#360ONEWAMwithUBS Wealth management in India and international markets Chandigarh: 360 ONE WAM Ltd (“360 ONE”), one of India's largest independent wealth and asset management firms, announced today that it has entered into an exclusive strategic collaboration with UBS, one of the world’s leading wealth managers and universal banking firms headquartered in Switzerland. This exclusive strategic collaboration combines 360 ONE’s local knowledge and reach with UBS’s global and regional expertise to deliver enhanced benefits to clients. As part of this collaboration, it is proposed that clients from both institutions will have access to onshore and offshore wealth management solutions. Potential collaborative…

24 Apr

SBI General Insurance PAT zooms at 112% YoY to Rs. 509 crores

MFNewsBrands, Breaking News, Business, Health, Insurance, Opinions, Shares, Technology, Travel

#SBIGeneralInsurancePAT509crores Topline (GDP) shows strong growth at 10.6 %, growing 1.7 times faster than the industry Chandigarh: SBI General Insurance, one of India’s leading general insurance companies, today announced its financial results for FY25, marking a milestone as the company completes 15 years of operations. Continuing its robust growth trajectory, the company reported a Gross Written Premium (GWP) of INR 14,140 crores, recording a YOY growth of 11.1%. Excluding the impact of 1/n accounting norm, the GWP of the Company grew by 14.5% for FY25. SBI General Insurance has grown at 70% faster than the industry growth of 6.2%. Profit…

24 Apr

Paytm Money Introduces Reduced Interest Rates and Revised Brokerage for Pay Later (MTF)

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#PaytmMoneyMTF Paytm to Drive Affordability and Accessibility for Investors Chandigarh: Paytm Money, a wholly-owned subsidiary of One97 Communications Limited (OCL) and a leading wealth-tech platform that simplifies wealth management and equity investments through a technology-first approach, has today announced new cost-effective interest rates and brokerage structure for its recently launched Pay Later (MTF - Margin Trading Facility) offering. With this, the platform hopes to drive affordability for both retail and high-value investors. The newly introduced slab-based interest rates, starting at 9.75% per annum (p.a.), down from the current flat 14.99% p.a., are based on funding book size. The platform has…

23 Apr

India Suspend Indus Water Treaty with immediate effect, No water for Pakistan

MFNewsBreaking News, Opinions

#INDIAPakistanwater New Delhi: India on Wednesday suspended the Indus Water Treaty and closed the Integrated Check Post at Attari besides cutting down its diplomatic engagement with Pakistan in a response to its neighbour after the Pahalgam terror attack. It announced the move to lower the strength of the high commission staff in Delhi and Islamabad to 30 as against the present 55. In a special briefing to unveil the decisions taken at a meeting of the Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi in the wake of the terror attack, Foreign Secretary Vikram Misri said the CCS had…

23 Apr

Mutual fund industry AAUM rises 21% in March despite monthly dip: Analytics

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#MFAAUMrises21percentinMarch New Delhi: Equity-oriented growth schemes continued to dominate with a 53.72% share of total AAUM, followed by debt-oriented schemes (15.06%) and liquid schemes (13.21%), ICRA Analytics said. The Indian mutual fund industry’s average assets under management (AAUM) grew 21.32% year-on-year in March 2025, according to ICRA Analytics. However, AAUM dipped 1.25% from February 2025, reflecting a short-term decline across most categories. Only Gold ETFs and Other ETFs posted positive monthly growth, rising 89.88% and 15.06% respectively. The fall in AAUM was broad-based, affecting most scheme categories. Equity-oriented growth schemes continued to dominate with a 53.72% share of total AAUM,…

23 Apr

NEW PRIVATE SUBSCRIBERS UNDER NPS CROSS 12 LAKH DURING 2024-25

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#NPS12LAKHGrowth New Delhi: The National Pension System (NPS) has achieved significant growth of private sector subscriber enrolment of over 12 lakh during 2024-25, taking total subscriber number to over 165 lakh by March 2025. NPS Vatsalya , a scheme specifically designed for minors, introduced in September 2024 has registered over one lakh subscribers . The Assets Under Management (AUM) for both NPS and Atal Pension Yojana (APY) expanded by 23 percent during 2024-25 to Rs 14.43 lakh crore by end-March 2025.

22 Apr

Overall, direct plan constitutes 47% of the MF industry AUM

MFNewsBreaking News, Business, Mutual Funds, Opinions, Shares, Technology

#DirectInvestininMFindustry Investors Investing in direct Mode with SBI MF, ICICI Pru MF, HDFC MF Mumbai: An analysis of AUM data reveals that SBI MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of direct plan AUM. SBI MF commands the highest AUM of Rs. 5.98 lakh crore from direct plans. Direct plans constitute 56% of the fund house’s total AUM. Next is ICICI Prudential MF with the second highest AUM of Rs. 4.22 lakh crore from direct plans, constituting about 48% of the fund house’s AUM. HDFC MF is the third on the list…

22 Apr

MF NFO: SBI Mutual Fund launches Income Plus Arbitrage Active FOF

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#NFOSBIMFOF #FIncomePlusArbitrageActiveFOF The New Fund Offer (NFO) opens on April 23, 2025, and closes on April 30, 2025. Chandigarh: SBI Mutual Fund has launched the SBI Income Plus Arbitrage Active Fund of Fund (FOF). This is an open-ended fund that invests in a mix of actively managed debt-oriented and arbitrage mutual fund schemes. The New Fund Offer (NFO) opens on April 23, 2025, and closes on April 30, 2025. The scheme follows a Fund of Fund structure. It will invest in mutual fund schemes of SBI Mutual Fund and/or other mutual funds. The investment objective is to generate regular income and capital…

22 Apr

Union Public Service Commission Announces Final Results of Civil Services Exam 2024

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#UPSCResults2024 New Delhi: Based on the result of the written part of Civil Services Examination, 2024 held by the Union Public Service Commission in September, 2024 and the interviews for Personality Test held in January-April, 2025, following is the list, in order of merit, of candidates who have been recommended for appointment to: Among the finally qualified candidates, the top five comprise three women and two men. Top Five Ms. Shakti Dubey (Roll No. 0240782) has secured the first position in the Civil Services Examination, 2024. She qualified the examination with Political Science & International Relations as her optional subject.…

22 Apr

Gold Price: सोना हुआ 1 लाख रुपए प्रति तोला के पार, समय से पहले भरी उड़ान

MFNewsBreaking News, Business, Mutual Funds, Opinions

#GoldPricealltimeHigh #Goldat1lakhper10gram मुंबई: संभावित अनुमानों को पीछे छोड़ते हुए देश में सोना (Gold) एक लाख रुपए प्रति 10 ग्राम के पार पहुंच गया है। हालांकि, सोने की यह कीमत खरीदारी पर जीएसटी के साथ है। यह सोने की कीमतों का उच्चतम स्तर है। इसके साथ ही सोने की कीमतों को लेकर लगाए जा रहे सारे अनुमान सही साबित हुए हैं। दरअसल, कई नेशनल और इंटरनेशनल एक्सपर्ट्स ने गोल्ड पर एक लाख रुपये का टारगेट प्राइस दिए थे। हालांकि, इसके लिए समय सीमा इस साल के आखिरी तक की बताई थी। लेकिन, सोने ने इससे पहले ही यह जबरदस्त तेजी दिखा दी…