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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The financial services conglomerate, with its extensive network of agents and branches, could help cut the reliance on third-party distributors.
Editor's note: Last week, the Securities and Exchange Board of India granted final approval to Bajaj Finserv to launch its mutual funds business. The long-awaited clearance comes over a year after the capital markets regulator granted an in-principle licence to the financial services group to set up an asset management company. Bajaj Finserv Asset Management Ltd has, in this time, been silently building its team. It has appointed Ganesh Mohan, the former head of corporate strategy at Bajaj Finserv, as the chief executive officer. Other significant hires include former ICICI Prudential AMC executive Aniruddha Chaudhuri as sales head and Canara Robeco MF’s former equities head Nimesh Chandan as the investment team lead. Details are sparse on the specifics of the products that will be launched in the coming months or the investment strategy that will guide these funds. There is, however, an expectation in the industry that Bajaj Finserv Asset Management’s offerings will be tailored for salaried individuals, a segment likely to form its core customer base. This should translate into a platter of conservative funds with both equity and debt exposures. …
The financial services conglomerate, with its extensive network of agents and branches, could help cut the reliance on third-party distributors.
Editor's note: Last week, the Securities and Exchange Board of India granted final approval to Bajaj Finserv to launch its mutual funds business. The long-awaited clearance comes over a year after the capital markets regulator granted an in-principle licence to the financial services group to set up an asset management company. Bajaj Finserv Asset Management Ltd has, in this time, been silently building its team. It has appointed Ganesh Mohan, the former head of corporate strategy at Bajaj Finserv, as the chief executive officer. Other significant hires include former ICICI Prudential AMC executive Aniruddha Chaudhuri as sales head and Canara Robeco MF’s former equities head Nimesh Chandan as the investment team lead. Details are sparse on the specifics of the products that will be launched in the coming months or the investment strategy that will guide these funds. There is, however, an expectation in the industry that Bajaj Finserv Asset Management’s offerings will be tailored for salaried individuals, a segment likely to form its core customer base. This should translate into a platter of conservative funds with both equity and debt exposures. …
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
Despite a diversification push, over half its revenue continues to come from the volatile and highly regulated equity derivatives segment.
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.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
Despite a diversification push, over half its revenue continues to come from the volatile and highly regulated equity derivatives segment.
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.
