An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.
Axis Nifty ETF
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Updated: 24 Jun,2019 | 12:00 AM
Axis Nifty ETF
The asset under management for Axis Mutual Fund has jumped 35 per cent to around Rs 36,000 crore so far in the current fiscal.
This inflow has helped in raising the assets base of mutual fund industry to Rs 11.86 lakh crore mark at the end of last month from Rs 10.83 lakh crore at the March-end.
Both the funds had separately approached Forward Markets Commission (FMC), seeking approval to raise their stake in MCX, as per the revised shareholding norms issued by the Commission in May last year.
As government seeks to raise Rs 15,000 crore by sale of residual stakes in ITC, L&T and Axis Bank, it has received seven bids from fund houses for managing an exchange traded fund (ETF) created for this purpose.
National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have decided to extend the trading session for gold exchange traded funds on Tuesday till 7 PM on account of Dhanteras - a day considered auspicious for buying gold.
The top three positions continue to be captured by HDFC, ICICI Prudential Asset Management Company and Franklin Templeton in the past three years, according to a report.
Following a smart turnaround this year with an increase of over Rs 1 lakh crore in its asset base to nearly Rs 9 lakh crore, the mutual fund industry is looking forward to an even better year ahead.
Continuing a selling spree in the stock market, domestic mutual funds offloaded shares worth more than Rs 4,000 crore in October amid profit booking.
The over-three-year-old fund house also said it may not need any capital from the promoters in the coming years as it can manage its future growth from internal accruals. Axis MF, which has around same proportion of equity and debt fund assets in the overall asset base, also said it has filed a number of applications with the regulators for launchi...
Week’s Top Performing Schemes
|DSP World Gold Fund - Regular Plan - Growth||0.9462||7.9245%|
|Kotak World Gold Fund - Growth||0.6350||7.6093%|
|Edelweiss Gr China Eq Off-Shore Fund - Regular Plan - Growth||1.5310||6.0254%|
|Franklin Asian Equity Fund - Growth||1.0308||4.8879%|
|HDFC Gold Exchange Traded Fund||143.6315||4.8050%|
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Fund House Details
Address: Axis House, 1st Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400 025
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