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MFDs cash in big: Commissions jump over 20% on market liftoff

Commissions paid to mutual fund distributors (MFDs) increased by over 20 per cent for most large fund houses in 2023-24 (FY24), driven by a sharp market rally and strong inflows. Illustration:......

Equity mutual funds surge to historic Rs 34,697 crore inflows in May

Unperturbed by election uncertainty, investors poured record sums into equity mutual fund (MF) schemes in May, driving India closer to a $5 trillion market capitalisation. Illustration: Dominic......

Adani Ports to enter Sensex from June 24; Wipro to move out

Gautam Adani-owned Adani Ports and Special Economic Zone (APSEZ) will replace IT major Wipro in the 30-share BSE Sensex from June 24, according to an official announcement on Friday. Photograph:......

Lower provisions drive ICICI Bank to report 18.5% growth in Q4

ICICI Bank on Saturday said its March quarter consolidated net profit grew 18.5 per cent to Rs 11,672 crore, helped by lower provisions. Photograph: Shailesh Andrade/Reuters On a standalone......

Breaking the vault: Will MSCI grant HDFC Bank access?

HDFC Bank’s latest shareholding data showed that the room for foreign investment has fallen just 5 basis points short of the threshold set by Morgan Stanley Capital International (MSCI) to......

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Icici Prudential Asset Management Company

News for Icici Prudential Asset Management Company

MFDs cash in big: Commissions jump over 20% on market liftoff

Equity mutual funds surge to historic Rs 34,697 crore inflows in May

Adani Ports to enter Sensex from June 24; Wipro to move out

Lower provisions drive ICICI Bank to report 18.5% growth in Q4

Breaking the vault: Will MSCI grant HDFC Bank access?

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