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Sebi cancels registration of KJMC Mutual Fund
Wednesday, June 20, 2018, 10:10 PM
Sebi today revoked the registration of KJMC Mutual Fund following a request from it. The Securities and Exchange Board of India (Sebi) has also withdrawn the approval granted to KJMC Asset Management Company (AMC), to act as the AMC to the mutual fund. Last month, the regulator had cancelled the registration certificate of JP Morgan Mutual Fund.
ICICI Prudential launches healthcare, diagnostics investment fund
Tuesday, June 19, 2018, 8:14 PM
ICICI Prudential AMC has launched an open-ended equity mutual fund which will invest across the spectrum of healthcare and related sub-sectors, including diagnostics companies as well. ICICI Prudential Pharma Healthcare and Diagnostics (PHD) Fund is an open-ended scheme. The funds NFO (new fund offer) will open on June 25 and will close on July 9.
MFs investment is becoming popular, small savings schemes losing sheen
Thursday, June 14, 2018, 12:03 PM
In a major worry, small savings schemes, including public provident funds, are witnessing a sharp decline in terms of monthly receipts, as per the latest Reserve Bank of India (RBI) data. While the decline in receipts for small savings schemes was evident, it came even as mutual funds are increasingly getting more investments, the report says.
