
Here's Why Shares of Asset Management Companies are Rising
As a beginner unaware of the functioning of a stock market, choosing an AMC to invest in isn't easy
As a beginner unaware of the functioning of a stock market, choosing an AMC to invest in isn't easy
Stable economic growth and strong corporate earnings add to sentiment.
The fund aims to instil confidence amongst the participants in the Corporate Debt Market during times of stress.
As per the new rules, these platforms can be granted registration under Category 1 EOP and Category 2 EOP.
Though assets under management are at a record high of ₹40 lakh crore, it seems individuals have not embraced MFs completely, which poses both a challenge and an opportunity for the industry.
The company received approval from SEBI for launching a mutual fund business.
Private equity funds will be allowed as mutual fund sponsors, says Madhabi Puri Buch, SEBI Chairperson.
The market regulator says that the move will give greater flexibility to the industry, and will allow the self-sponsored AMCs to continue the mutual funds business.
The Bajaj group company has received the market regulator's license to start its mutual fund business.
Six Mutual Funds namely Axis, Aditya Birla Sun Life, HSBC, HDFC, IDFC, and Franklin Templeton slid in AUM ladder when Industry’s AUM grew by 5% in 2022