However, the Rs 709.57 crore was not the amount paid to other insurers’ agents. ICICI Lombard acknowledged during the proceedings that around Rs 35-37 crore from this amount was paid to individual ...

Carnelian Mutual Fund is set to launch its maiden mutual fund scheme, Carnelian Liquid Fund, marking its entry into the ...

AlphaGrep raises Rs. 200 crore through secured, redeemable NCDs. The NCDs offer a 10.5% annual coupon rate with a one-year tenure. The issue follows CRISIL’s upgrade of AlphaGrep’s credit rating to A+ ...

Regular plans account for Rs 6,661 crore of the total SIFs AUM of Rs 13,584 crore, almost 49% of the total AUM.

Axis Mutual Fund is to launch Axis Nifty500 Low Volatility 50 Index Fund. It is an open-ended index fund tracking the ...

IRDAI has warned policyholders about a fraudulent website that is falsely presenting itself as an IRDAI-linked insurance ...

The multi-family office’s new funds are the Waterfield Global Opportunity Fund and Waterfield Global Fixed Income ...

There is already a sizeable group of registered OBPPs in India. The data shows 39 OBPPs registered with NSE and 37 with BSE.

A distributor writes to us about banks allegedly using their position and customer relationships to influence investors and acquire mutual fund business. Here’s what MFDs can do in such situations.

Kotak Mahindra AMC has launched the Kotak Multi Sector Omni Fund of Fund (FoF), an open-ended fund of funds scheme.

The Dubai office will help the asset manager offer India-focused and global investment strategies to institutional and ...

Bajaj Asset Management believes India’s next phase of growth and wealth creation could increasingly be driven by long-term ...