Kotak Mutual Fund has revised the minimum amount under daily SIP frequency to as low as Rs 28 for a few schemes. The fund house informed about this change to its unitholder through a notice-cum-addendum.
Multi-asset MF schemes' assets soar 76% in 8 months - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
India Shelter Finance Corp. is set to launch its initial public offering, with the aim to raise Rs 1,200 crore.
The IPO will be a combination of a fresh issue and an offer for sale. While the fresh issue will comprise 1.62 crore shares for Rs 800 crore, the OFS will have 0.81 crore shares for Rs 400 crore.
Hybrid funds steal show on growing uncertainty over equity returns thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
“Pankaj has been with Kotak Mahindra AMC for close to 14 years. We would like to wish him all the very best for his future endeavours and thank him for his immense contribution,” said Nilesh Shah, CEO, Kotak Mutual Fund.