Mutual Funds Archives - Page 2 of 6

25 Mar

MF: Aditya Birla Sun Life Mutual Fund unveils campaign to push SIP awareness

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The campaign aims to encourage investors to adopt structured financial planning for their future goals #ABSLAMCSabseImportantPlan New Delhi: Aditya Birla Sun Life AMC (ABSLAMC) has launched the 'Sabse Important Plan' (SIP) campaign to highlight the importance of systematic investment plans (SIPs). The campaign aims to encourage investors to adopt structured financial planning for their future goals. The first ad shows Saini, a regular office goer dreaming about opening a chain of café’s in “Khayali Pulao” style while the other shows Simran, a working professional dreaming about traveling the world in “Hawai Baatein” style. However, in both cases, it dawns on…

25 Mar

Poonawalla Fincorp unveils AI-Powered Underwriting Solution

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#PoonawallaFincorp #PoonawallaFincorpAISolution Chandigarh: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC, focused on Consumer & MSME Lending, has unveiled an industry-first AI-Powered Underwriting Solution. Developed in collaboration with the Indian Institute of Technology Bombay (IIT Bombay), this innovative solution integrates artificial intelligence with human intelligence to automate and streamline the credit evaluation process. It aims to accelerate credit decisions by ensuring efficient, accurate, scalable and risk-first approach. By analyzing multiple data points from loan applications, the solution empowers credit managers with faster decision-making capabilities while enhancing the company’s risk management framework. The AI solution integrates Large Language Models…

24 Mar

Kotak Mutual Fund launches Rs 250 ‘Choti SIP’, Minimum of 60 Monthly SIP

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#KotakMutualFund250ChotiSIP #KotakMFund250ChotiSIP Nilesh Shah captions it as 'Choti Rakam, Bada Kadam' Mumbai: Kotak Mutual Fund has launched ‘Choti SIP’, a new initiative aimed at making mutual fund investments more accessible to a wider pool of investors, offering the Rs 250 investment option for all eligible schemes of the AMC. According to the AMC, the primary objective of Choti SIP is to lower the entry barrier for first-time investors and make mutual fund investments more inclusive. Nilesh Shah, Managing Director, Kotak Mutual Fund said the Choti SIP facility offers the chance to tap into the vast potential for mutual fund investment. Currently, only…

23 Mar

Ashwani Bhatia, SEBI Member launches NSE’s dedicated website for Indian Municipal Bonds

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#SEBINSEMCBonds #NiftyIndiaMunicipalBondIndex Chandigarh: Ashwani Bhatia, SEBI Whole-Time Member, today launched NSE’s dedicated website for municipal bonds. The website will serve as a centralized hub for market participants, offering comprehensive data on Indian municipal bonds market including issuances, credit ratings, trading volumes, intrinsic yields, and prices along with historical performance of India’s first municipal bond index – the Nifty India Municipal Bond Index. This initiative aims to enhance transparency, accessibility, and investor awareness in the municipal bonds market in India. By providing structured information and relevant updates, the initiative is set to strengthen confidence in municipal bonds as a viable investment…

22 Mar

SSF Plastics files draft papers for Rs 550-cr IPO

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Chandigarh: SSF Plastics India Ltd has filed preliminary papers with capital markets regulator SEBI to raise Rs 550 crore through an initial public offering (IPO). The proposed #IPOSSFPlastics #SSFPlasticsIPO IPO comprises a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) of Rs 250 crore by promoters and promoter group entities, according to the draft red herring prospectus (DRHP) filed on Thursday. At present, promoters and promoter group entities hold 100 per cent stake in the company. Proceeds from the fresh issue will be utilised for payment of debt, funding capital expenditure requirements for purchase…

21 Mar

CFA Institute Publishes India Finfluencer Report

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#CFAInstituteIndiaFinfluencerReport MOHALI: CFA Institute, the global association of investment professionals, today unveiled its much-anticipated India Finfluencer Report titled 'Clicks and Credibility: Understanding Finfluencers' Role in Investment Decisions', offering a comprehensive analysis of the evolving role of financial influencers, or "finfluencers," in shaping investment decisions across India's retail investor landscape. The study, based on a survey of over 1,600 investors and an in-depth analysis of 51 prominent financial influencers, reveals both the potential and the pitfalls of this growing phenomenon. Notably, only 2% of the financial influencers analysed in the report are registered with SEBI, yet 33% still offer explicit buy…

20 Mar

Bandhan AMC Introduces Vedartha – A Wealth Creation Platform for Onshore and Offshore Investors

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Fixed Income products offered under Vedartha will be managed by a team headed by Bhupendra Meel, Head – PMS & Alternative – Fixed Income Chandigarh: Bandhan AMC, a leading name in the Indian investment management industry, announced its new alternate investment platform, Vedartha. The new platform seeks to offer products using listed equities and fixed-income solutions under Bandhan AMC’s Alternative Investment Funds (AIF) as well as Portfolio Management Services (PMS). Equity-focused products offered under Vedartha will be managed by a team led by Mrinal Singh, Head – Alternates (Listed Equities), whereas Fixed Income products offered under Vedartha will be managed…

20 Mar

Preserve wealth and manage inflation with ICICI Pru GIFT Select

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#ICICIPruGIFTSelect ICICI Pru GIFT Select, a product designed to provide guaranteed income while preserving wealth Chandigarh: In today’s uncertain economic environment, financial planning to ensure an additional income stream has become important which can aid individuals to manage rising inflation, navigate market fluctuations, and achieve financial goals. To meet this need individuals are looking for investment options which provide both safety of capital invested and growth. To fulfil this need, ICICI Prudential Life Insurance has launched a unique long-term savings product – ICICI Pru GIFT Select, a product designed to provide guaranteed income while preserving wealth. “Our goal is to…

19 Mar

IIHL Targeting a Valuation of USD 50 billion by 2030: Chairman Ashok Hinduja

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Acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company Chandigarh: IndusInd International Holdings Chairman Ashok Hinduja said that with the acquisition of Reliance Capital, IndusInd International Holdings Ltd (IIHL) is targeting a valuation of USD 50 billion by 2030. He announced on Tuesday that the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account of the lender, and the takeover of the management from the Administrator will happen on Wednesday. Mauritius-based IIHL emerged as the successful suitor with…

18 Mar

ICICI Prudential Mutual Fund relocates its Ludhiana branch

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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…