Business News: Rise in borrowing cost to elevate further on global yield movement, domestic macros: Marzban Irani rashtranews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rashtranews.com Daily Mail and Mail on Sunday newspapers.
LIC Mutual Fund Asset Management Limited has launched the LIC MF Nifty Midcap 100 ETF NFO, which will be open for subscription until 12th February 2024 and will re-open for continuous sale and repurchase on 19th February 2024
The NFO of the scheme is open for subscription and will close on February 12. The scheme will re-open for continuous sale and repurchase on February 19. The scheme will be managed by Sumit Bhatnagar. The scheme is benchmarked against Nifty Midcap 100 Total Return Index.
Marzban Irani, CIO of LIC Mutual Fund Asset Management, discusses the growth of the mutual fund industry, with a focus on the increase in equity inflows and the crossing of the 50 trillion mark in Average Assets Under Management (AAUM). He predicts that inflows will continue to rise, particularly as investors take tactical calls. The industry is also seeing penetration into small towns, driven by awareness campaigns. Irani expects this year to be favorable for debt instruments due to expected interest rate declines.
LIC Mutual Fund Asset Management appoints Ravi Kumar Jha as MD & CEO financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.