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 …
Latest mutual fund News & Updates
Mumbai, Feb 26 (IANS) The Securities and Exchange Board of India (SEBI) on Thursday discontinued the solution-oriented mutual fund category, which includes children’s and retirement funds, and announced a major overhaul of mutual fund categorisation rules to bring more clarity and transparency for investors.The markets regulator said that the solution-oriented category stands discontinued from the date of the circular.Existing schemes under this segment will immediately stop accepting fresh su…
Mumbai, Feb 6 (IANS) The Securities and Exchange Board of India (SEBI) has proposed to allow investors to set up standing instructions for systematic withdrawal plans (SWP) and systematic transfer plans (STP) for mutual fund units held in demat accounts, a facility currently available only for units held in the statement‑of‑account mode.Under the proposal, demat investors would be able to do one time registration of SWP or STP mandates with depositories or stock Exchanges, which removes the …
Mumbai, Jan 14 (IANS) Billionbrains Garage Ventures, the parent company of stock broking platform Groww, on Wednesday reported a sharp fall in profits for the third quarter of financial year 2026 (Q3 FY26).The company’s consolidated net profit declined 27.8 per cent year-on-year (YoY) to Rs 546.93 crore in Q3 FY26, compared with Rs 757.11 crore in the same quarter last financial year.On the other hand, revenue from operations rose 24.8 per cent to Rs 1,216.07 crore from Rs 974.53 crore reporte…
New Delhi, Dec 22 (IANS) India’s capital market infrastructure sector, comprising brokers, stock exchanges, depositories and registry and transfer agents (RTAs), generated revenues of over Rs 700 billion in FY25, a report has said.The report from global brokerage Jefferies said the growth in revenues was due to rise in market volumes and increasing investor participation. The sector’s outlook will be shaped by faster growth in select segments, diversification into adjacent businesses and res…
When a mutual fund manager exits, it can raise immediate concerns for investors—especially NRIs who rely on professional expertise to…
If you’re an NRI looking to explore new avenues in Indian mutual fund investments, the term New Fund Offer (NFO)…
Mutual Fund Investments Are Soaring – But How Should You Hold Them? With mutual fund investments in India hitting a…