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Sebi holds back GoAir, Aditya Birla MF’s IPOs SECTIONS Last Updated: Jun 29, 2021, 06:59 AM IST Share Synopsis Sebi’s latest updates on the status of offer documents filed for fund-raising from the public showed that its observations on the offer document by Aditya Birla MF was ‘kept in abeyance’. Sebi gave the same reason against GoAir’s IPO. Reuters Sebi usually keeps its nod to a fund-raising plan in abeyance if there is any regulatory investigation against a company or its group companies. Related Mumbai: Markets regulator Sebi has put two applications for launching IPOs by GoAir (now named Go First) and Aditya Birla MF on hold without assigning any reason. Market players, however, said that there are ongoing investigations against group entities, and not against these companies that have filed the offer documents with the Sebi, and hence the delay in getting a clearance from the regulator. ....
Sun Life offers new maturity options for MyFuture Fund Czeriza Valencia MANILA, Philippines Sun Life of Canada (Philippines) Inc. announced that it is launching three new maturity date options for its MyFuture Fund investment solution. This target-date fund follows a predetermined glide path designed to provide medium to long-term capital appreciation in the early years of investment, shifting to wealth preservation as the fund’s maturity date nears. During the early years of the fund, asset allocation is tilted toward high-quality equities to provide greater opportunity for asset appreciation. The strategy later shifts to more fixed income allocation to minimize the exposure to risk as the maturity date nears, thereby preserving the wealth accumulated. ....