Explore the latest news, in-depth reports, and executive analysis tagged with #Mutual Funds.
The registration is valid from July 13, 2026, to July 12, 2029, allowing the company to distribute mutual fund products.
Some users have already been affected, with investors reportedly receiving SIP transaction failure messages.
Among the buyers, Aditya Birla Sun Life Mutual Fund picked up 21.66 lakh shares worth nearly Rs 65 crore.
The acquisition forms part of Scripbox’s broader strategy to bring independent wealth management businesses into its network.
The buyers in the transaction included SBI Mutual Fund and Nippon India Mutual Fund.
Of the total anchor allocation, 57% was allotted to seven domestic mutual funds across 13 schemes, accounting for Rs 158.32 crore.
Groww Asset Management is also entering into a strategic relationship agreement with the buyer.
The new option seeks to tap into India’s rapidly expanding SIP ecosystem.
Nearly 47% of the total anchor allocation went to 12 domestic mutual funds across around 30 schemes.
Motilal Oswal Mutual Fund acquired 26.31 lakh shares of Paytm to raise its stake to 5.15% through open market transactions.
This is Capitalmind's first institutional funding round and it comes after the launch of its mutual fund business.
Deciml, which uses its round-up feature to automatically invest spare change from users’ daily transactions into mutual funds, is Jainam Broking's first startup investment.
The JV’s wholly owned subsidiary will be called 'Jio BlackRock Broking' -- which will undertake the business of broking.
Scripbox's overall expenses was reduced by 25% to Rs 134.24 crore in FY24 from Rs 179.4 crore in FY23.
Unifi has about Rs 27,000 crore ($3.2 billion) in assets under management (AUM) as of 31st October 2024).
Jio-BlackRock gets Sebi's in-principle nod to set up mutual fund biz; Sachin Bansal-led Navi Finserv's revenue from operations fell to Rs 1,906 crore in FY24 from Rs 2,041 crore in FY23; Paytm promotes Deependra Singh Rathore to CTO.
