Top news
SEBI in a circular has introduced a two-tiered benchmarking system for Mutual Fund schemes. The first tier should reflect the category, while the second tier should reflect the fund manager's investment strategy.
Prudent Corporate Advisory Services acquires the Mutual Fund business of Karvy Stock Broking. Karvy Stock Broking Ltd (KSBL) had a total AUM of Rs 9,261 crore as of July 2021.
Shares of IRCTC underwent a stock split in the ratio of 1:5 with change in face value from Rs 10 to Rs 2. The market cap of IRCTC stood at Rs 67,652 crore.
The Finance ministry approved an 8.5% rate of interest on EPF accounts for the Financial year 2020-21.
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Data Source: NSE, BSE & Kuvera.in
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