ESIC to invest surplus funds in stock market
Labour and Employment ministry-backed Employees’ State Insurance Corporation (ESIC) accorded approval for investments of surplus funds in equity, however, restricted
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funds
Foreign funds can own 51% in IDBI Bank: Govt.
The government said it will allow a consortium of foreign funds and investment companies to own over 51 per cent
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Indians’ funds in Swiss banks jump 50% to over Rs.30K crore
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to
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Mutual funds can again accept money in international schemes
Sebi has allowed mutual funds to accept fresh money in international schemes to the extent of the overall industry limit
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MFs resume fresh investments in overseas funds
Many mutual funds have started accepting fresh inflows into their overseas funds, after suspending them for almost five months. In
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HDFC MF merges three fixed maturity plans with two open-ended funds
HDFC Mutual Fund has announced the merger of three Fixed Maturity Plan (FMP) – HDFC FMP- Series 42-1381D September 2018
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Rural Co-op Banks allowed to raise more funds
The Reserve Bank of India has allowed Rural Cooperative Banks (RCBs) to raise funds from people in their area of
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Aditya Birla, HDFC Mutual Fund to merge FMPs into debt funds
Aditya Birla Sun Life Mutual Fund and HDFC Mutual Fund will merge their Fixed Maturity Plans (FMPs) – fixed tenure
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Mutual funds sell equities worth Rs. 1.29 trillion in FY21
Domestic mutual funds sold shares worth Rs. 1.29 trillion in FY21 – the most in a decade – even as
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