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AMFI has simplified the transmission process for mutual fund units, making it easier for nominees and legal heirs to claim investments. The new guidelines reduce documentation and relax strict checks on minor mismatches in details like name or address. Asset management companies can now rely on the latest valid documents, helping avoid delays. This move aims to make claim settlement faster, smoother, and more investor-friendly.
The latest IPO subscription figures show Alpine Texworld at 1.40x (16th July), SBI Funds Management at 41.73x (16th July), and Caliber Mining at 1.22x (17th July).
Baroda BNP AMC has launched NFO for Baroda BNP Paribas Services Growth Direct Plan , the Wealth AMC has launched NFO for The Wealth Company Mid Cap Growth Direct Plan and Abakkus AMC has launched NFO for Abakkus Large & Mid Cap Growth Direct Plan.
Index Returns
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Best Performers
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Worst Performers
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What Investors Bought
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What Investors Sold
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Most Watchlisted
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Data Source: NSE, BSE & Kuvera.in
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Registration granted by SEBI, membership of IAASB (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Investment in the securities is subject to market risks. Read all the related documents carefully before investing.
The securities quoted are for illustration only and are not recommendatory.
This market update was initially published by Livemint.
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