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PPFAS Mutual Fund to launch conservative hybrid fund By IANS | 3 Views
SEBI may issue norms for minimum holding in liquid assets for MFs. Image Source: IANS News Chennai, May 5 : PPFAS Mutual Fund on Wednesday said it will launch Parag Parikh Conservative Hybrid Fund. The scheme which opens on May 7 and closes May 21 aims to generate regular income through investments predominantly in debt and money market instruments. The minimum investment shall be Rs 5,000 and in multiples of Re 1 thereafter. The scheme will reopen on 28 May 2021. According to PPFAS, the proposed scheme also seeks to generate income and capital appreciation by investing a certain portion in equity, equity-related instruments, and Real Estate Investment Trusts / Infrastructure Investment Trusts (REITs/InvITs). ....
MUMBAI: HDFC Mutual Fund on Tuesday sold 2.01% of its holding in SpiceJet in the open market, the airline said in a notification to the BSE on Friday. The aggregate holding of the schemes of HDFC MF in the company as of March 9 is3.03% of the paid-up equity share capital of the company, the notification said. HDFC Trustee Company held 5.05% in SpiceJet at the end of the December quarter. Shares of SpiceJet were down 0.3% at Rs 82.75 in afternoon trade on Friday. The stock has gained 55% in the last six months. Read More News on ....