India
Indian mutual fund industry set for expansion: Schroders CEO
Indian mutual fund industry set for expansion: Schroders CEO
The CEO of Schroders Investment Management is bullish on the mid- to long-term prospects of Indian mutual fund industry.
Bank of India acquires 51% of Bharti Axa MF
Bank of India has completed the formalities for has acquiring 51 percent stake in Bharti Axa Mutual Fund.
Islamic alternative investments firm to sue Reserve Bank of India
Alternative Investments and Credits is planning to move court against the Reserve Bank of India after it has been stripped of its licence to carry out non-banking finance activities.
HSBC Mutual not looking to sell stake or exit India
Rumors that HSBC will sell stake or exit its asset management business in India were denied the the CEO of HSBC Mutual Fund, Puneet Chaddha.
UK's Schroders acquires 25% in India's Axis MF
UK-based asset management company Schroders has picked up a 25% stake in Axis Mutual Fund for an undisclosed amount.
Magma plans housing finance, gold loan business
Magma it plans a separate subsidiary for housing finance business and will focus on affordable housing segment in tier 4 to 6 towns.
IIFCL's $1B infra debt fund operational by May
India Infrastructure Finance Company's $ 1 billion infrastructure debt fund may be operational by the end of next month.
Lok Capital may exit Janalakshmi Financial Services
Lok Capital is preparing to exit from its investment Janalakshmi Financial Services, an urban microfinance company.
Khazanah buys stake in listed Sri Lanka conglomerate
Khazanah Nasional Bhd has acquired an 8.85% stake in John Keells Holdings Plc, Sri Lanka's largest listed conglomerate, in a deal worth US$ 120 millionl.
Short tenure bonds ito be launched in Pakistan
Pakistan's National Savings Organisation will list new short tenure bonds of varying maturity to be launched soon.
Deutsche Mutual makes changes under DWS Premier Bond Fund
Deutsche Mutual Fund made changes under DWS Premier Bond Fund, with effect from 1st March 2012.
DSP BlackRock declares dividend for Top 100 Equity Fund
DSP BlackRock Mutual Fund has declared dividend for DSP BlackRock Top 100 Equity Fund under its regular plan, an open ended equity growth scheme.
Bank of India back in mutual fund business
Bank of India hopes to start its asset management business next fiscal and is currently waiting for regulatory approvals.
India to regain investor interest in equity mutual funds in 2012: ICRA
The year 2012 could see the return of interest in equity funds in India as markets respond positively to policy actions, says ICRA Online.
Goldman Sachs acquires 4.8% stake in Mongolian bank
Goldman Sachs purchased a 4.8 per cent stake in Mongolia’s Trade and Development Bank for less than $50 milion.
UTI Mutual Fund merges schemes
UTI Mutual Fund has announced merger of S&P CNX Nifty UTI Notional Depository Receipt and UTI-Master Index Fund with UTI-Nifty Index Fund.
Minimum investment amount in Indian portfolio management schemes up Rs 25 lakh
Sebi raised the minimum investment amount of clients for portfolio management schemes to Rs 25 lakh from the earlier Rs 5 lakh.
