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As directed by the Supreme Court, distribution of Rs 9,122 crores will be undertaken by SBI Funds Management Pvt. Ltd. among unitholders of Franklin Templeton‘s six wound up schemes. Franklin has explained the process of disbursement here.
Net outflows from open ended equity mutual fund schemes stood at Rs 9,253 crore in January 2021 compared to outflow at Rs 10,147 crore in the previous month. The AUM of MF industry stood at Rs 30.5 lakh crore in January, marginally down from Rs 31.02 lakh crore in December.
IDFC Mutual Fund and Mahindra Manulife Mutual Fund have launched the NFO for IDFC Floating Rate Fund and Mahindra Manulife Short Term Fund. The NFOs close on February 16.
Milind Barve is retiring from the post of managing director of HDFC Asset Management Company.
Index Returns
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Worst Performers
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Most Watchlisted
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Data Source: NSE, BSE & Kuvera.in
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