The govt has not enacted a law in this regard despite being recommended by a high-level committee almost 40 years ago, it pointed out.
Leading exchange BSE said its mutual fund distribution platform processed a record 3.6 lakh transactions yesterday, with a total value of Rs 750 crore.
Mutual fund industry's asset base rose to all-time high of Rs 17.37 lakh crore at the end of Jan primarily on account of strong inflows in equity and money market
ICICI Lombard sells 17.7 Lk shares or 0.84% equity at Rs 270/sh
In pact with Reliance Nippon to sell Mutual Fund products
Nextgen Vakrangee Kendras to offer mutual fund distribution on pan India basis
Plans to sell part of se Asia biz as part of strategy to exit non scalable biz
To sell Singapore & Thailand units valuing them at $ 500Mn
Singapore & Thailand biz contributes 16% to revenues & 2% to EBITDA
To turn focus to domestic market
Avendus cap-KKR emerge as frontrunner to acquire IDFC MF
Offer of Rs 3,000-4,000 Cr made by FIN services firm