The fund's month-end assets under management increased to Rs 11,680 crore in March 2024 from Rs 6,800 crore in March 2021
NFO opens on July 24, closes on August 7
In a Q&A, Tyagi says 2023 could be a year of consolidation because the market is trading at a 15-20% premium to long-term averages
Consider these funds after you have a core portfolio in place
Certain UTI Mutual Fund schemes had invested in debt instruments of Altico that were downgraded to below investment grade by credit rating agencies in September 2019
All that happened in the markets today
All that happened in the markets today
Kulkarni tells Jash Kriplani that stimulus support and fiscal policy response of governments are making investors look beyond the Covid-19 pandemic
LIC, SBI, and BoB did not bring stake below 10% by March 2019 in accordance with rules
Franklin schemes under wind-up received over Rs 1,200 crore
Rating revision factored in likelihood of default on payments due on Wednesday
The 3rd fund house to go public will succeed if legacy issues are put to rest; Industry insiders say that till now UTI has high brand recall in smaller cities, when investors consider a MF portfolio
The financial sector may go through a volatile phase in the short term, but its ability to create value in the long-term is fully intact.
Listed peers have stood fast despite troubles in the mutual fund space
Franklin Templeton MF, which had exposure to the debt papers of the company in six of its schemes (that are being wound up), also received payment.
Move follows downgrade by Care Ratings to below investment grade
Franklin Templeton MF announced 100% mark-down; others followed valuation metric after SC rejected telcos' petition
The asset manager is yet to resolve the impasse surrounding the payment of pension to its erstwhile employees who had opted for voluntary retirement in 2003
The issue size is expected to be Rs 3,000-4,000 crore, valuing the AMC at Rs 10,000-11,000 crore
Sebi to freeze shareholding if extended deadline not met