Breaking News Archives - Page 5 of 10

18 Mar

55.02 crore Jan-Dhan accounts have been opened till 7th March 2025

MFNewsBreaking News, Business, Opinions, Technology

Out of 55.0 crore 36.63 crore accounts are in rural and semi-urban areas Atal Pension Yojana, Pradhan Mantri Mudra Yojana, Stand Up India Scheme and other financial inclusion schemes have also witnessed remarkable progress New Delhi: The Government initiated the National Mission for Financial Inclusion (NMFI), namely the Pradhan Mantri Jan Dhan Yojana (PMJDY) #Jandhanaccounts in August, 2014 to provide universal banking services for every unbanked adult based on the guiding principles of banking the unbanked, securing the unsecured, funding the unfunded and serving unserved and underserved areas. A total of 55.02 crore Jan-Dhan accounts have been opened till 07.03.2025, out of…

18 Mar

ICICI Prudential Mutual Fund relocates its Ludhiana branch

MFNewsBreaking News, Business, Mutual Funds

The Company remains committed to reach out to retail investors across the length and breadth of the country #BranchOpening #ICICIPAMCLudhiana Ludhiana: Investors and distributors of ICICI Prudential MF in Ludhiana can now reach out to the fund house at a new address. The existing Ludhiana branch has been relocated to ICICI Prudential Asset Management Co. Ltd., Ludhiana Stock Exchange Building, 751/133, Feroze Gandhi Market, Ludhiana, Punjab -141001. The new office was inaugurated by Sodhi Choudhary, Zonal Head – ICICI Bank, Pankaj Jawanjal, Zonal Head - Retail Sales & Distribution – North and Vipul Ghai, Regional Head, Retail Sales & Distribution…

18 Mar

Aditya Birla Sun Life Mutual Fund Launches Constant Maturity Fund

MFNewsBreaking News, Business, Mutual Funds

#NFO: Constant Maturity Fund Investing in India’s Top Financial Institutions The fund will track the CRISIL-IBX Financial services 9-12 Months Debt Index The NFO will be open for subscription from 18th March 2025 to 20th March 2025 Chandigarh: Aditya Birla Sun Life AMC Limited (ABSLAMC) was incorporated in the year 1994. Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. are the promoters and major shareholders of the Company. ABSLAMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882. The asset manager has announced the launch…

18 Mar

Empowering Women Through Aarohi: Godrej Capital’s Commitment to Inclusive Growth

MFNewsBrands, Breaking News, Business, Stocks, Technology

· Aarohi is a dedicated initiative that goes beyond enabling credit to drive inclusivity and create meaningful opportunities for women in India. #GodrejCapitalAarohi Chandigarh: Godrej Capital, the financial services arm of Godrej Industries Group, has launched Aarohi, an initiative to empower women beyond enabling credit. Aarohi will drive inclusive growth by expanding financial access, strengthening community initiatives, and increasing opportunities for women. It focuses on empowering women as customers, collaborating with channel partners, promoting inclusive hiring, and addressing well-being and representation. With a goal to positively impact 100,000 women over the next five years, Aarohi aims to foster meaningful growth.…

16 Mar

New MF: SBI Mutual Fund launches two new fuds tracking BSE PSU Bank Index

MFNewsBreaking News, Business, Mutual Funds

SBI BSE PSU Bank Index Fund and SBI BSE PSU Bank ETF aim to provide returns corresponding to that of securities in underlying index Mumbai: SBI Mutual Fund has launched two new open-ended schemes tracking the performance of the BSE PSU Bank Index, offering investors an opportunity to capitalise on the growth of public sector banking. The new fund offer (NFO) period for SBI BSE PSU Bank Index Fund and SBI BSE PSU Bank ETF will open on March 17 and close on March 20. The investment objective of both funds is to provide returns that correspond to the total…

16 Mar

Redemption Price for final redemption of SGB 2016-17 Series IV due on March 17, 2025

MFNewsBreaking News, Business

#SGBScheme: Final redemption under Sovereign Gold Bond (SGB) Scheme New Delhi: In terms of GOI Notification F.No.4(16)-W&M/2016 dated February 23, 2017 (SGB 2016-17 Series IV - Issue date March 17, 2017) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be March 17, 2025. Further, the redemption price of SGB shall be based on the simple average of closing price of gold of 999 purity of the week (Monday-Friday), preceding the date of…

16 Mar

New SIF from 1 April: Specialised Investment Funds, with a minimum investment of Rs 10 lakh

MFNewsBreaking News, Business, Mutual Funds

By: Nandana These investment strategies could include exposure to equity, debt, real estate investment trusts (REITs) or derivatives like futures and options (F&O). Mumbai: a new investment vehicle that sits at the intersection of mutual funds and portfolio management service (PMS). Called ‘Specialised Investment Funds’ or SIF, these products will have a minimum investment threshold of Rs 10 lakh and offer investors exposure to advanced investment strategies. Many mutual fund companies are preparing to launch SIF from April 1 which will give investors an opportunity to invest. These new funds will start getting announced in the coming days. These investment…

15 Mar

IndusInd bank is well-capitalised and the financial position of the bank satisfactory: RBI

MFNewsBreaking News, Business, Mutual Funds, Shares

#IndusIndBank #RBIIndusIndBank The bank’s financial health remains stable and is being monitored closely by Reserve Bank Mumbai: There has been some speculation relating to IndusInd Bank Ltd. in certain quarters, perhaps arising from recent events related to the bank. The Reserve Bank would like to state that the bank is well-capitalised and the financial position of the bank remains satisfactory. As per auditor-reviewed financial results of the bank for the quarter ended December 31, 2024, the bank has maintained a comfortable Capital Adequacy Ratio of 16.46 per cent and Provision Coverage Ratio of 70.20 per cent. The Liquidity Coverage Ratio…

15 Mar

NSE advised investors not to subscribe to any such scheme/product offered by TG Level

MFNewsBreaking News, Business, Opinions, Shares, Technology

Caution for Investors: Such schemes are neither approved nor endorsed by the Exchange Mumbai: It has been brought to the notice of the Exchange that entity named “TG Level” operating through mobile number “8420583592” is providing assured/guaranteed returns on investments in stock market and offering to handle trading account of investors by asking investors to share their Login ID/Password. The investors are cautioned and advised not to subscribe to any such scheme/product offered by any person/entity offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law. Further, investors are advised not to share their trading credentials…

14 Mar

एसेट एलोकेशन की ताकतः लाॅन्गटर्म वेल्थ क्रिएशन के लिए एक प्रमाणित रणनीति

MFNewsBreaking News, Business, Mutual Funds, Opinions

मोहाली स्थित म्यूचुअल फंड डिस्ट्रीब्यूटर मंजू जिंदल का कहना है कि आईसीआईसीआई प्रूडेंशियल एसेट एलोकेटर फंड (एफओएफ) इस समय निवेश के लिए एक बेहतर विकल्प है मोहालीः जोखिम को कम रखने, मुद्रास्फीति को मात देने वाला रिटर्न, एसेट एलोकेशन और विविधीकरण एक बेहतर निवेश के मूल पहलू हैं। यदि कोई इनका पालन करता है, तो लक्ष्य प्राप्ति आसान हो जाती है जबकि निवेश का अनुभव सुखद और तनाव मुक्त होता है। मोहाली स्थित म्यूचुअल फंड डिस्ट्रीब्यूटर मंजू जिंदल का कहना है कि यह बाजार चक्रों या अनिश्चितताओं के बावजूद अच्छी तरह से काम करता है जो लगातार सामने आते रहते…