Breaking News Archives - Page 122 of 133

14 Apr

Capitalmind Financial, Jio BlackRock and Pantomath Capital Advisors to launch mutual fund business soon

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#CapitalmindFinancialMF #JioBlackRockMF #PantomathCapitalAdvisorsMF Mutual Fund Market: Three new players to launch mutual fund business will launch their MF business in the coming months Mumbai: SEBI data shows that three new players will launch their MF business in the coming months. These include Capitalmind Financial, Jio BlackRock and Pantomath Capital Advisors. All the three players have already received an in-principal approval. In fact, Capitalmind Financial has received a final approval to launch schemes while the other two await the same. While the management of Jio Blackrock could not be reached till the time of writing this article, Cafemutual talked to the…

13 Apr

They Read Markets Well and Sits on Cash, Buying on Dips

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#PPFAS, Motilal Oswal, and Quant Mutual Funds lead cash holdings for March 2025 Mumbai: For the month of March, the largest cash holdings were seen in funds owned by major fund houses like PPFAS Mutual Fund (21.9%), Motilal Oswal Mutual Fund (17.8%), and Quant Mutual Fund (10.3%), according to a latest report by Motilal Oswal. On the other hand, the lower cash holdings ( amongst the top 20 funds) were seen in Mirae Asset Mutual Fund (1.3 percent) and Kotak Mahindra Mutual Fund (2.5 percent). According to the report, the total equity value of the top 20 AMCs was up…

13 Apr

51 lakh mutual fund SIPs closed in March; 40 lakh new Registrations

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#51lakhMFSIPMarch Reflecting a stoppage ratio of 127.5%. This means that for every 100 new SIPs registered, 127.5 were discontinued. Mumbai: For the third straight month in March, more mutual fund SIPs were discontinued than newly registered. According to the latest AMFI data released on Friday, about 51 lakh SIPs were stopped last month, while 40 lakh new registrations were recorded — reflecting a stoppage ratio of 127.5%. This means that for every 100 new SIPs registered, 127.5 were discontinued. This figure also includes SIPs that may have ended due to the completion of their tenure. In the previous two months…

13 Apr

Bank of Baroda Introduces the ‘bob Square Drive Deposit Scheme’ with a tenor of 444 Days @ 7.15% p.a.

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#BankofBarodaSquareDriveDepositScheme The bob Square Drive Deposit Scheme offers 7.15% p.a. for general citizens; 7.65% p.a. for senior citizens; 7.75% p.a. for super senior citizens and up to 7.80% p.a. on Non-Callable Deposits Ludhiana: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the launch of a new retail term deposit scheme – the ‘bob Square Drive Deposit Scheme’, a 444-day term deposit scheme offering an interest rate of 7.15% p.a. for the general public, 7.65% p.a. for senior citizens, 7.75% p.a. for super senior citizens (aged 80 years & above) and up to 7.80% p.a. on…

12 Apr

Rs. 515.31 crore Provided to Asset Disposal Committee for restitution of properties to legitimate investors in Rose Valley Ponzi scam

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#515croreRoseValleyPonziScam Rs. 515.31 crore was attached by ED in the years 2015-17 by investigating money trail and tracing 2,987 different bank accounts New Delhi: Union Minister of State for Finance Shri Pankaj Chaudhary handed over a Demand Draft of Rs. 515.31 crore today to Justice D.K. Seth (Retd.), Chairman of the Asset Disposal Committee formed for the purpose of restitution of properties to legitimate investors in Rose Valley Ponzi scam. Shri Rahul Navin, Director, ED and other senior officials of the government were also present on the occasion. It is estimated that this amount will be used to restitute money to…

12 Apr

JSW Energy Completes the Acquisition of 4.7 GW RE Platform from O2 Power

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#JSWEnergyGWREO2Power Chandigarh: JSW Neo Energy Limited (“JSW Neo”), a wholly owned subsidiary of JSW Energy Limited (“the Company”), has completed the acquisition of 4.7 GW renewable energy platform from O2 Power Pooling Pte. Ltd. a platform jointly established by global investment organisations EQT & Temasek in 2020. The platform is valued at an enterprise valuation of approximately ₹12,468 crores, after adjustments under the share purchase agreements. The Company will have a steady state EBITDA generation of ₹1,500 crores from 2,259 MW capacity (likely to be operational by June 2025). Additionally, ~₹13,500 crores of capital expenditure will be incurred to reach…

12 Apr

NSE crosses 22 crore (220 million) total investor accounts

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#NSE22CroreInvestorAccounts Chandigarh, April 12, 2025: The National Stock Exchange of India marked another milestone in April 2025, with the total number of investor accounts i.e., Unique Client Codes (UCCs) surpassing 22 crore (220 million), a sharp increase within just six months of crossing the 20-crore mark (200 million) in October 2024. Separately, the number of unique registered investors stands at 11.3 crore (As of March 31st, 2025), having crossed the 11 crore (110 million) mark on January 20th, 2025. An investor may maintain accounts with different brokers, resulting in multiple client codes. Maharashtra leads with the highest number of investor…

11 Apr

SIP inflows remained steady at Rs 25,926 crore in March, Rs 25,999 crore in February

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Recording only a marginal fall from February despite global uncertainties Mumbai: Monthly inflows through the Systematic Investment Plan route into mutual funds only saw a marginal decrease from February despite global uncertainties. The shares of mutual fund companies surged on April 11 after AMFI released data on equity fund inflows in March. SIP inflows remained steady at Rs 25,926 crore in March, recording only a marginal fall from February despite global uncertainties. At 12:50 pm, the shares of Nippon Life India Asset Management Company surged over 5 percent to trade at Rs 555 apiece. HDFC AMC shares also jumped nearly 5…

11 Apr

Good Weekend: Sensex, Nifty closed in Green, all are in gain

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Sensex was up 1,310.11 points or 1.77 percent at 75,157.26, and the Nifty was up 429.40 points or 1.92 percent at 22,828.55 #SensexNiftyinGreen Mumbai: After a week US President Donald Trump’s 90-day pause on tariffs brought cheer to Dalal Street, lifting investor sentiment and driving a rally in the benchmark indices. On April 11, both the Sensex and Nifty rose almost 2 percent, marking a strong rebound in the equity markets. The day saw widespread buying across sectors, with metal and pharma stocks leading the gains. Meanwhile, the market's fear barometer, India VIX, declined sharply by 6.21 percent, indicating easing…

11 Apr

New Step: Edelweiss Mutual Fund increases subscription limit in 7 International funds

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#EdelweissMFInternationalfunds Mumbai: Edelweiss Mutual Fund on Thursday increased the subscription limit in 7 of its international funds, effective April 17. These seven schemes include Edelweiss ASEAN Equity Offshore Fund, Edelweiss Greater China Equity Offshore Fund, Edelweiss US Technology Equity Fund of Fund, Edelweiss Emerging Markets Opportunities Equity Offshore Fund, Edelweiss Europe Dynamic Equity Offshore Fund, Edelweiss US Value Equity Offshore Fund, and Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund. “Based on the current head room available for overseas investment limit as set on February 1, 2022 at the mutual fund level, it is decided to increase the limit…