PPFAS Mutual Fund board revises debt investment valuation policy

PPFAS Mutual Fund board revises debt investment valuation policy

The board of directors of PPFAS Trustee Co and PPFAS Asset Management Pvt Ltd has revised the “investment valuation policy” under section-II of debt and debt-related instruments of the fund house with immediate effect, the mutual fund said. The security type includes...
read more
Sebi advisory panel plans to reduce mutual fund schemes by half

Sebi advisory panel plans to reduce mutual fund schemes by half

The Securities and Exchange Board of India’s mutual fund advisory panel has recommended strict definitions for mutual fund scheme, which might bring down the current schemes by as much as half. The capital markets regulator will enforce the new definitions.....
read more
Minnesota foundations create investment fund for financial, social returns

Minnesota foundations create investment fund for financial, social returns

A group of Minnesota foundations, convinced its money can yield strong financial returns while still contributing to a greater social good, has invested $17.1 million in a first-of-its-kind mutual fund to bolster affordable housing projects and small business ...
read more
RInfra Fund Files Draft Red Herring Prospectus To Raise Rs. 3,000 Crore

RInfra Fund Files Draft Red Herring Prospectus To Raise Rs. 3,000 Crore

Mumbai: Reliance Infrastructure (RInfra) said on Friday that it has filed initial papers with the Securities and Exchange Board of India (Sebi) to raise Rs. 3,000 crore through a draft red herring prospectus (DRHP). “The Reliance Infrastructure InvIT Fun...
read more
Motorola Partners Indiegogo to Help Developers Fund Their Moto Mods Ideas

Motorola Partners Indiegogo to Help Developers Fund Their Moto Mods Ideas

  Motorola has shown its faith in Moto Mods and consistently showcased the utilities that they bring along to the smartphones. Even though LG G5’s modular concept was not able to live up to users’ expectations, Lenovo’s implementation ha...
read more
HSBC Global Investment Fund Sells Over 71 Lakh Jindal Steel Shares

HSBC Global Investment Fund Sells Over 71 Lakh Jindal Steel Shares

JSPL reported a production of 1.2 MT and sales of 1.1 MT in the June quarter. New Delhi: Naveen Jindal-Led Jindal Steel and Power Ltd (JSPL) on Wednesday said HSBC Global Investment Fund has sold 71.20 lakh shares in the company in...
read more