Sundaram Mutual completes 25 years in the mutual fund industry
SECTIONS
Last Updated: Feb 26, 2021, 01:22 PM IST
Share
Synopsis
Sundaram Asset Management Co. Ltd. - the asset manager for the schemes of Sundaram Mutual completes 25 years as a corporate entity today.
ET Online
Sundaram Asset Management Co. Ltd. - the asset manager for the schemes of Sundaram Mutual completes 25 years as a corporate entity today. Sundaram Mutual, as the brand is popularly known, has been through multiple avatars in its 25 years interspersed with two Joint Ventures – First as Sundaram Newton till 2002 and then as Sundaram BNP Paribas from 2006 till 2010.
Sundaram Mutual has built a retail customer base of over 3.5 million customers having invested in its schemes. Today it has a nationwide presence with 88 branches. Along with its subsidiaries, the Assets Under Management of the group exceed Rs 40,000 crore.
Foreign investors have bought Indian equities in excess of Rs 40,000 crore since the beginning of the current calendar year while domestic institutions have sold over Rs 20,000 crore during the same time.
Will liquid mutual funds stage a comeback?
High government borrowing outlined by Budget 2021 may push interest rates up sometime this year. This helps liquid funds whose returns have hit rock-bottom levels. February 09, 2021 / 10:53 AM IST
Budget 2021 s indication on high government borrowing has already pushed up yields on debt securities up. Interest rates and bond prices move in opposite direction. Experts say that it’s only a matter of time before interest rates increase.
Liquid funds are typically marketed as a means to park sums for the short term to earn a bit more than savings bank accounts. However, currently, leaving money in saving bank accounts is more beneficial. If you invest regularly in liquid funds, or have money lying in there, then here is what you should do.
Sops for FPI investment in defaulted bonds to boost liquidity
February 05, 2021
Market experts also attribute the spike in FPI inflows to the recent spate of fundraising by Indian corporates
Market experts also attribute the spike in FPI inflows to the recent spate of fundraising by Indian corporates×
In order to further boost foreign portfolio investments in the corporate bond segment, the RBI has proposed to exempt FPI investment in defaulted corporate bonds from the short-term limit and the minimum residual maturity requirement under the Medium Term Framework. Detailed guidelines are being issued separately, said the RBI. At present, foreign portfolio investors can invest in security receipts and debt instruments issued by Asset Reconstruction Companies and debt instruments issued by an entity under the Corporate Insolvency Resolution Process, as per the resolution plan approved by the National Company Law Tribunal under the Insolvency and Bankruptcy Code, 2016, and these
Is India a tough game for foreign mutual fund players? Sunil Subramaniam explains
Synopsis
Another international player is all set to pack their bags and leave the Indian mutual fund space as Sundaram Mutual has acquired the MF business of Principal AMC.
Another international player is all set to pack their bags and leave the Indian mutual fund space as Sundaram Mutual has acquired the MF business of Principal AMC. Sundaram Asset Management Company Limited announced on Thursday that apart from the schemes managed by Principal Asset Management, it will also acquire 100% of the share capital of Principal AMC, Principal Trustee Company Pvt Limited and Principal Retirement Advisors Pvt Ltd.