If the fund is actively managed, then the fund manager makes trades on a regular basis. But there are many mutual funds that are called index funds that mirror the performance of various indexes like the Standard & Poor's 500 and do not need to make a lot of trade...
SBI with get $90.5 million from its ADB’s Clean Technology Fund (CTF). NABARD will receive $150 million. This will comprise of $80 million from ADB’s ordinary capital resources and $70 million from CTF. ADB was established in 1966. It has 68 members, 49 of whom are from Asia and ...
Last June, SEBI took action against them for violation of mutual fund regulation in four investments that were made by the fund house. SEBI settled the proceedings against them after they agreed on SEBI’s condition that the amount would not be borne by unit holders of IIFCL Mutual Funds sche...
RBI said that SBI Group entities’ stake in the bank should always be less than 10% of the paid-up equity capital of the bank at all times. SBI Mutual Fund (5.72% stake) and LIC (7.77% stake) were among the largest individual shareholders in ICICI Bank as of December 31, 2021. Topi...
Kotak Mahindra AMCis the asset manager for Kotak Mahindra Mutual Fund. Topic: Banking System 3. Credit card outstanding in January 2023 increased 29.6% and reached an all-time high level of ₹1.87 lakh crore. According to RBI’s latest data, the credit card outstanding has recorded a growth...
Tata Mutual Fund and Alpha Alternatives were the winners for contribution in helping Farmer Producer Organization (FPOs). Topic: Miscellaneous 10. AAROHAN 4.0 started on 26 May 2022 in Shimla, Himachal Pradesh. AAROHAN 4.0 is two day long meet of senior functionaries of Postal Department andIndia...
1. Punjab National Bank (PNB) has received approval from DIPAM to sell part of its holding or entire stake in UTI AMC. Currently, PNB holds 15.22% stake in UTI Asset Management Company Ltd (UTI AMC). In October 2020, PNB had sold 3% holding in UTI Mutual Fund. It then had about 18...
Donors and the Asian Development Bank (ADB) decided to replenish the ADF and Technical Assistance Special Fund (TASF) during the 57th Annual Meeting of the ADB. The majority of ADB's funding for activities in its most underdeveloped and vulnerable member nations comes from the ADF. ...
Mutual fund penetration is defined mutual fund assets under management as a percentage of GDP. Payments banks: They are allowed a maximum balance of ₹2 lakh per individual customer at the end of the day. They are allowed to function as a business correspondent of another bank. ...
The International Monetary Fund (IMF) has cut down India’s economic growth forecast for the current financial year to 5.9% from its earlier estimate of 6.1%. According to the World Economic Outlook of IMF, the Indian economy is projected to grow by 6.8% in the financial year 2022-23. Wor...