The Securities and Exchange Board of India has allowed mutual funds having existing active equity-linked savings schemes (ELSS) to launch passive ELSS schemes, provided fresh flows to such existing active schemes are halted. Earlier, asset managers could launch either active or passive ELSS schemes. Passive ELSS will be cheaper, with lower expense ratio of 10-25 […]
By Shrikant Chouhan On Tuesday, the benchmark indices witnessed positive momentum. After a volatile trading session in the morning, the Nifty 50/ BSE Sensex took supports near 18100/60800 and reversed sharply. Among sectors, strong buying interest was seen in reality and metal stocks while selective private banks witnessed technical sell-off at higher levels. Technically, the […]
KFin Technologies IPO opened for public subscription on Monday, 19 December. The issue will close on 21 December. The company that provides services and solutions to asset managers and corporate issuers across asset classes in India aims to raise Rs 1,500 crore via the IPO which is only an offer for sale (OFS). Promoter entity […]
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