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SBI to Divest 6.3% Stake in SBI Funds Management via IPO; Total 10% to Be Listed
07 Nov

SBI to Divest 6.3% Stake in SBI Funds Management via IPO; Total 10% to Be Listed

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Opinions, Shares, Technology, Travel
#SBIFMLIPO #SBI #Amundi #MutualFunds #StockMarketIndia #IPOAlert #FinanceNews #InvestingInIndia #WealthManagement #DalalStreet #SBIGroup #IndianEconomy #FinancialMarkets #AssetManagement #IPO2026 Chandigarh: The State Bank of India (SBI), the country’s largest lender, has announced plans to divest 3,20,60,000 equity shares, representing 6.3007% of the total equity capital of its mutual fund arm, SBI Funds Management Limited (SBIFML), through an Initial Public Offering (IPO). The move is subject to obtaining necessary regulatory approvals. Alongside SBI, Amundi India Holding, the joint promoter of SBIFML, will divest 1,88,30,000 equity shares, equivalent to 3.7006% of SBIFML’s total equity. Together, both promoters will offload a combined 10.0013% stake, amounting to 5,08,90,000…
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IHCL EXPANDS PRESENCE IN CHENNAI, SIGNS A TAJ
07 Nov

IHCL EXPANDS PRESENCE IN CHENNAI, SIGNS A TAJ

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Shares, Technology, Travel
#IHCL #TajHotels #Chennai #ECR #HospitalityNews #HotelDevelopment #MGMHealthcare #TamilNaduTourism #LuxuryTravel #MICE Chandigarh: Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Taj hotel on ECR in Chennai, Tamil Nadu. This is a greenfield development. Ms. Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “Chennai’s hospitality landscape is shaped by its strong corporate base, anchored by the automobile industry and a thriving IT ecosystem. Driven by its cultural richness and infrastructure, the city also benefits from a steady influx of leisure travellers and a growing MICE segment. The signing of this new Taj…
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CM Adityanath’s Article Champions ‘Vande Mataram’ as India’s Eternal Soul Amidst 150th Anniversary Celebrations
07 Nov

CM Adityanath’s Article Champions ‘Vande Mataram’ as India’s Eternal Soul Amidst 150th Anniversary Celebrations

MFNews0 CommentsEntertainment, Opinions
New Delhi/Lucknow — As India launches a year-long commemoration of the 150th anniversary of the National Song, 'Vande Mataram,' Uttar Pradesh Chief Minister Yogi Adityanath has penned a powerful article asserting the hymn's role as the "Eternal Voice of National Devotion" and the very "heartbeat of the Indian soul." The piece, which coincides with nationwide events marking the song's composition by Bankim Chandra Chattopadhyay in 1875, highlights its profound historical and spiritual significance. Key Highlights of the Chief Minister's Message: Beyond a Song, a Mantra: CM Adityanath emphasizes that 'Vande Mataram' is not just a patriotic song but a "divine mantra…
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Aditya Birla Sun Life Insurance Launches Dividend Yield Fund Under ULIPs
07 Nov

Aditya Birla Sun Life Insurance Launches Dividend Yield Fund Under ULIPs

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Health, Insurance, Mutual Funds, Technology, Travel
#AdityaBirlaSunLife #DividendYieldFund #ULIPs #LongTermWealth #EquityInvestment #InsuranceWithInvestment #FinancialPlanning #Mumbai #InvestmentOpportunity #InsuranceNews #ABSLI Mumbai: Aditya Birla Sun Life Insurance Company Limited (ABSLI) has launched the Dividend Yield Fund, a new investment option under its Unit Linked Insurance Plans (ULIPs) including popular plans such as Wealth Infinia, Vision Retirement Solution, and Nischit Wealth Solution. The fund aims to enable long-term wealth creation by investing predominantly in high dividend-paying companies with strong fundamentals. The Dividend Yield Fund seeks to generate returns through a diversified portfolio of financially sound and consistently profitable companies. It focuses on businesses with scalable models and steady dividend payouts, offering investors…
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Helios Mutual Fund Launches Small Cap Fund; NFO Open Until November 20
07 Nov

Helios Mutual Fund Launches Small Cap Fund; NFO Open Until November 20

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Insurance, Mutual Funds, Opinions, Technology, Travel
#HeliosSmallCap #IndiaNFO #SmallCapFund #MutualFunds #InvestSmart #NFO2025 #StockMarketIndia #WealthBuilding #IndianEconomy #GrowthStory #EquityInvesting #NiftySmallCap #MarketNews #Mumbai Mumbai: Helios Mutual Fund has announced the launch of its new Helios India Small Cap Fund, an open-ended equity scheme primarily investing in emerging small-cap companies. The fund aims to capitalize on India’s next growth phase by targeting sectors such as healthcare, chemicals, capital goods, and consumer services, which are generally under-represented in large-cap indices. The offer period for the New Fund Offer (NFO) is open from November 6, 2025, and will close on November 20, 2025. Investment Details and Benchmark The scheme will follow Helios’…
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Emmvee Photovoltaic Power Announces ₹2,900 Crore IPO Price Band; Opens November 11
06 Nov

Emmvee Photovoltaic Power Announces ₹2,900 Crore IPO Price Band; Opens November 11

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#EmmveeIPO #SolarEnergy #RenewableIndia #IndianStockMarket #GreenEnergy #IPO2025 #DalalStreet #CleanEnergy #BSE #NSE #SustainableGrowth #InvestSmart #Mumbai Mumbai: Emmvee Photovoltaic Power, one of India's largest solar PV module and cell manufacturers, today announced the price band for its upcoming ₹2,900 crore Initial Public Offering (IPO). The Bengaluru-based renewable energy firm has fixed the price band between ₹206 and ₹217 per share. The IPO subscription will open on Tuesday, November 11, 2025, and close on Thursday, November 13, 2025. Retail investors can apply for a minimum lot of 69 shares, with the minimum investment starting at ₹14,973, based on the upper price band. Bids can…
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New Fund Alert: Bajaj Finserv AMC Launches Dedicated Fund for India’s 
06 Nov

New Fund Alert: Bajaj Finserv AMC Launches Dedicated Fund for India’s 

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Mutual Funds, Opinions, Technology, Travel
#BajajFinservAMC #NewFundOffer #BFSI #IndiaGrowthStory #FinancialServices #MutualFunds #NFO #InvestInIndia #NiftyFinancialServices Mumbai: Bajaj Finserv Asset Management Company (BFAML) has officially announced the launch of the Bajaj Finserv Banking and Financial Services Fund, an open-ended equity scheme designed to capture investment opportunities across India's rapidly expanding Banking, Financial Services, and Insurance ecosystem. The New Fund Offer (NFO) will be open for subscription from November 10 to November 24, providing investors a focused route to participate in a sector that is widely considered a foundational pillar of India’s journey toward becoming a top global economy. Key Investment Highlights: A Megatrend Focus The fund’s core…
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IPO ALERT: SBI to Divest 6.3% Stake in SBI Funds Management (FIMF)
06 Nov

IPO ALERT: SBI to Divest 6.3% Stake in SBI Funds Management (FIMF)

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Mutual Funds, Opinions, Shares, Technology, Travel
#SBI #SBIFundsManagement #IPO #SBIFML #IndianStockMarket #Amundi #AssetManagement #ValueUnlock #MutualFundIPO #ChallaSreenivasuluSetty Mumbai: The State Bank of India (SBI), India's largest lender, announced today that its board has approved the sale of a 6.3% stake in its asset management arm, SBI Funds Management Limited (SBIFML), through an Initial Public Offering (IPO). This major development marks a significant step in realizing the value of one of India's leading financial institutions, with the IPO expected to be completed in 2026. 📈 Valuation & IPO Size Market sources and analysts familiar with the matter suggest that SBI could target a valuation of around ₹1 lakh…
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Data Meets Equity: Franklin Templeton Launches Multi-Factor Equity Fund (FIMF) Using Quantitative Model
06 Nov

Data Meets Equity: Franklin Templeton Launches Multi-Factor Equity Fund (FIMF) Using Quantitative Model

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Mutual Funds, Shares, Technology, Travel
#FranklinTempleton #QuantitativeFund #MultiFactorFund #NFO #FIMF #EquityScheme #QVSA #SystematicInvesting #MutualFundIndia Chandigarh: Franklin Templeton India has announced the launch of a new offering, the Franklin India Multi-Factor Fund (FIMF). This open-ended equity scheme will employ a sophisticated, multi-factor quantitative investment strategy to generate long-term capital appreciation by investing in equity and equity-related instruments. The New Fund Offer (NFO) for FIMF will be open for subscription from November 10 to November 24, 2025, with units priced at ₹10 each. The scheme will subsequently reopen for continuous sale and repurchase starting from December 2. 📊 The QVSA Quantitative Model The fund's core investment strategy…
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Reliance General Insurance Launches Surety Insurance Bid Bond to Empower India’s Infrastructure Sector
06 Nov

Reliance General Insurance Launches Surety Insurance Bid Bond to Empower India’s Infrastructure Sector

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Health, Insurance, Mutual Funds, Technology
Chandigarh: Reliance General Insurance, one of India’s leading private general insurance companies, has introduced a landmark solution: Surety Insurance – Bid Bond. This innovative product is specifically designed to provide contractors with an efficient, cost-effective, and non-collateral-based alternative to the traditional bank guarantee (BG) for project bidding. This launch directly addresses the critical need in India’s infrastructure space for financial alternatives that free up working capital for contractors, thereby fostering greater participation and speed in large-scale projects. ✅ The Capital-Light Advantage The Surety Insurance Bid Bond acts as a risk transfer mechanism and a non-collateral alternative to a bank guarantee. It…
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