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Axis MF adds most folios in FY21, ICICI Pru MF next; HDFC MF loses clients


Axis MF adds most folios in FY21, ICICI Pru MF next; HDFC MF loses clients
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Last Updated: Jun 09, 2021, 09:50 AM IST
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MUMBAI: Axis Mutual Fund beat the top three mutual funds in the industry to record the largest addition of new fund folios in the financial year ended March 2021, data from the Association of Mutual Funds in India (Amfi) website showed.
Axis MF added 20,42,150 new fund folios during the financial year, followed by ICICI Prudential Mutual Fund, which added 20,42,016 new fund folios.
ICICI Prudential MF was a comfortable leader when it came to the Big Three, which include HDFC Mutual Fund and SBI Mutual Fund. With the addition of over 20 lakh new folios, ICICI Prudential MF retained its leadership position. Its total folios stood at 1.14 crore. ....

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No adverse findings against Franklin Templeton, its employees so far: Sanjay Sapre

Top headlines: Money laundering case on Franklin, APSEZ to buy 31.5% in GPL


Enforcement Directorate slaps money laundering case on Franklin MF
Franklin Templeton Mutual Fund (MF), which shut its six schemes in April 2020, is facing the heat from the Enforcement Directorate (ED) and the Securities and Exchange Board of India (Sebi).
According to sources, while the ED has registered a money-laundering case against the fund house and eight others, the market regulator has issued a show-cause notice and summons to the company and its key personnel who redeemed their investments days or weeks before the closure announcement. Read More
Adani Ports to acquire 31.5% in Gangavaram Port for Rs 1,954 crore
Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it is acquiring the 31.5 per cent stake of Windy Lakeside Investment in the Gangavaram Port (GPL) for Rs 1,954 crore. The acquisition, subject to regulatory approvals, is expected to expand APSEZ’s market share to 30 per cent across 12 locations in India. Read ....

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