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Blackstone-Backed ASK Asset & Wealth Management Group Receives Sebi Nod for Mutual Fund Business
The Indian investment landscape is set to witness a new player in the mutual fund space as ASK Asset & Wealth Management Group, backed by Blackstone, secures in-principle approval from the Securities and Exchange Board of India (Sebi) to launch its mutual fund business.
Zerodha introduces Silver ETF as precious metal prices surge.
With silver prices on an upward trend, driven by macroeconomic and geopolitical factors, Zerodha Fund House has introduced the Zerodha Silver ETF, offering investors a new avenue to gain exposure to the precious metal. The New Fund Offer (NFO) opens for subscription on March 10, 2025, and will close on March 18, 2025.
Effective from April 1, 2025, the Securities and Exchange Board of India (SEBI) has introduced a comprehensive framework for Specialized Investment Funds (SIFs) to provide a new investment avenue that balances flexibility and regulation, bridging the gap between Mutual Funds (MFs) and Portfolio Management Services (PMS).
From April 1, MFs must deploy NFO funds in 30 days, benefiting AMCs’ efficiency.
The Securities and Exchange Board of India (SEBI) has introduced a new regulation, effective April 1, 2025, requiring Asset Management Companies (AMCs) to deploy funds collected from New Fund Offers (NFOs) within 30 days from the allotment date. Currently, there is no mandatory timeline for fund deployment.
Wall Street edges higher as potential tariff relief boosts sentiment in the U.S. auto sector.
On Tuesday, major US stock indices opened slightly higher as investors reacted to news of potential tariff exemptions for the automotive sector, which helped lift market sentiment despite ongoing trade tensions and regulatory developments.
Invest ₹1 lakh initially and ₹10,000 monthly SIP in this Nippon plan to grow ₹14.26 lakh in 5 years.
How to Choose the Right Mutual Fund: A Guide for New Investors Featuring Nippon India Mutual Fund. When you’re just getting started with mutual fund investments, the first big question is: Which fund should you pick? The mutual fund landscape in India offers a wide range of options, and making the right choice can feel overwhelming. This is where fund ratings can help.
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