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Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Getting a part of the retirement savings organization’s sizeable corpus could help the fund house mount a serious challenge for the No.3 spot on the MF leaderboard.
Nippon India Mutual Fund is about to hit the jackpot.
The Employees Provident Fund Organisation is set to award it—along with ICICI Prudential Mutual Fund—a contract allowing investment of the incremental flows into its massive retirement corpus in exchange traded funds, according to three people with direct knowledge of the matter.
“The names have been finalized by the EPFO. The formal letters are expected to be issued anytime soon,” says one of three people mentioned above, all of whom requested anonymity.
Nippon India MF and ICICI Prudential MF were shortlisted after submitting the lowest bids in response to the EPFO’s …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
