uti amc Archives - Topnewsplus

SBI, French partner Amundi to divest 10% in SBI Funds via IPO

Topnewsplus3 days ago02 mins

State Bank of India (SBI) and France’s Amundi will jointly sell a 10% stake in their jointly-owned asset management firm, SBI Funds Management (SBIFML), through an initial public offer (IPO). The country’s largest lender will divest 6.3% of its stake in the fund house in the issue, while Europe’s largest asset management will sell 3.7%…

HDFC AMC, other AMC & capital market stocks crack up to 10% on Sebi’s MF fee revamp plan

Topnewsplus2 weeks ago04 mins

Shares of leading Asset Management Companies (AMCs) and capital market-linked firms came under heavy pressure on Wednesday, falling up to 10%, after the Securities and Exchange Board of India (SEBI) released a consultation paper proposing a sweeping overhaul of the mutual fund fee structure. Among the worst-hit were HDFC Asset Management Company declined by 6.4%…