The fund house, backed by Union Bank of India and Dai-ichi Life Holdings, said that the early signs of rural consumption and the festive season are positive
Sebi allows credit rating agencies, ERPs to operate in IFSCA
Investors with a high-risk appetite and under-allocation to smallcaps may consider increasing exposure to companies that have experienced stock price corrections, says Harish Krishnan
Before investing, understand the fund's portfolio composition, and whether it suits your risk appetite and horizon
The test is conducted to evaluate the effect of various risk factors such as rate risk, credit risk, liquidity risk, and redemption risk
The stake is valued at around Rs 1,437 crore at UTI AMC's last closing price of Rs 743.5
According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion
Listed peers have stood fast despite troubles in the mutual fund space
The IPO of the country's largest AMC in terms of total AUM comprises sale of 38,987,081 equity shares by existing shareholders
People in the know said Sebi has reservations over certain compliance issues
Subramaniam says cheap valuations and easy monetary policy will set the tone for attractive long-term returns
The issue size is expected to be Rs 3,000-4,000 crore, valuing the AMC at Rs 10,000-11,000 crore
Details of the offering could change as the deliberations are ongoing
UTI AMC could become the first fund house to be listed in the country