New Delhi, June 24 (IANS) Retail shareholders have until Wednesday to buy Life Insurance Corporation of India (LIC) shares to qualify for the insurer’s dividend payout, with June 25 fixed as the record date.State-owned LIC has announced a final dividend of Rs 10 per equity share, as per an exchange filing from the company.Under India’s T+1 settlement cycle, shares must be purchased by June 24 to be reflected in the investor’s account on the record date.The insurer had reported a 23.2 per cen…
Latest Assets Under Management News & Updates
New Delhi, June 13 (IANS) India’s systematic investment plan (SIP) story remains compelling as the monthly SIP book has grown nearly tenfold over the last decade, a report said on Saturday.The SIP book has grown from Rs 3,189 crore in May 2016 to Rs 30,954 crore in May 2026, surviving multiple disruptions including demonetisation, Covid-19, the Russia-Ukraine war, and global tariff headwinds, the report from ValueMetrics said.However, outstanding systematic investment plan accounts reached 1,0…
Mumbai, April 13 (IANS) ICICI Prudential Asset Management Company on Monday reported a 16.76 per cent quarter-on-quarter (QoQ) decline in its net profit for the fourth quarter (Q4) of FY26.The company’s net profit came in at Rs 763.42 crore for Q4 FY26, down from Rs 917.09 crore in the December quarter (Q3 FY26), according to its stock exchange filing.However, on a year-on-year (YoY) basis, profit rose 10.37 per cent compared to Rs 691.71 crore reported in the same quarter last financial year …
New Delhi, March 10 (IANS) Monthly systematic investment plan (SIP) contributions to mutual funds stood at Rs 29,845 crore in February, a 15 per cent increase year-on-year (YoY), according to data released by the Association of Mutual Funds in India (AMFI) on Tuesday.Moreover, SIP inflows had stood at Rs 25,999 crore in February 2025.However, the February figure was lower than the Rs 31,000 crore recorded in January, which marked the second consecutive month when SIP contributions crossed Rs 31,…