MFDs could soon have a new business opportunity. SEBI has proposed introducing the mutual fund only PMS, which will invest only in direct plans of MFs, ETFs and SIFs. The new category will have a ...

ASK Mutual Fund, which had recently received the final approval from SEBI to launch its mutual fund business, has files a draft scheme information document with SEBI for its maiden fund.

The proposed fast-track process is available for claims up to Rs. 30 lakh and AMCs will need to complete transmission requests within 21 calendar days.

The acquisition brings more than 2,500 investors to Axis AMC and strengthens its focus on the HNI, UHNI and family office segment.