LGIM pioneered and launched an Indian government bond-dedicated ETF in October 2021, which currently has around $700 million of assets, making it the largest of the five such ETFs
Known for his successful efforts in restructuring the erstwhile Unit Trust of India into UTI AMC and Specified Undertaking of UTI (SUUTI), Meleveetil Damodaran chaired Sebi from Feb 2005 to Feb 2008
Company says it's returning to profit after takeover by Dhanuka Laboratories under insolvency resolution
The month-end assets under management of the fund stood at Rs 7,203 crore as of December 2021, up from Rs 2,573 crore in December 2018.
Systematic investment plan is a disciplined mode of investing in mutual funds, through which one can invest a certain amount at regular intervals
Bombay HC recently dismissed the case citing delay in filing
The divestment, it said, has been approved to comply with Regulation 7B of the Securities and Exchange Board of lndia (Mutual Funds) (Amendment) Regulation, 2018
T Rowe had alleged that conditions had been created to delay the selling of stake as required by regulatory norms
The market regulator may not give blanket exemption and could ask the sponsors for partial divestment by March next year
The five-shareholder arrangement has not worked for UTI thus far. It took more than two years for the AMC to appoint a new chief after UK Sinha left the firm in February 2011