mutual funds

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    Omnotech Engineering Raises ₹174 Cr in Anchor Investment Ahead of IPO

    New Delhi, February 24 Omnitech Engineering, a manufacturer of precision-engineered components, raised over ₹174 crore from anchor investors on Tuesday, a day before the opening of its initial public offering (IPO).The IPO saw participation from several domestic and global investors, including...
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    State Government Oversight Questioned Amid Haryana Bank Fraud

    Chandigarh, February 23 The AAP alleged on Monday that the Rs 590-crore "bank fraud" reported in Haryana reflects "serious negligence and administrative failure" of the state's BJP government.In a statement issued here, Aam Aadmi Party's (AAP) national media in-charge Anurag Dhanda targeted...
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    Rise of Managed Investments: AIFs and Funds Drive Market Expansion

    Mumbai, February 23 India's managed funds industry's assets under management (AUM) is projected to reach Rs 455 lakh crore by March 2030, more than doubling from current levels, according to a report released on Monday.The report by Crisil Intelligence, a division of the rating agency, stated...
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    India's Mutual Fund Market: Axis Fund Targets Untapped Potential

    Kolkata, February 19 Axis Mutual Fund aims to achieve over 20 per cent year-on-year growth in assets under management starting from 2026, based on improving corporate earnings, a strengthening capital expenditure cycle, and a large, untapped investor base, a top company official said on...
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    Winzo Assets Frozen Under FEMA Allegations of Illegal Investments

    Bengaluru, February 19 – The Enforcement Directorate (ED) in Bengaluru has seized assets worth ₹590 crore from Winzo Pvt. Ltd. and its subsidiary, Zo Pvt. Ltd., under Section 37A of the Foreign Exchange Management Act, 1999.The action followed suspected violations of Section 4 of FEMA...
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    Investigation Launched Following Suicide of Asset Management Executive

    Mumbai, February 17 A senior official of an asset management company died after allegedly jumping from the fourth floor of a building in Andheri East on Tuesday morning, police said.The deceased was identified as Pankit Vijay Shah (39), a resident of Vile Parle and chief business officer of a...
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    CCI Approves Axis Asset Management's Acquisition of Axis Securities Portfolio Management

    New Delhi, February 17 The Fair Trade Regulator, CCI, has approved the acquisition of the portfolio management services business of Axis Securities Ltd by Axis Asset Management Company Ltd."The proposed combination involves the acquisition of the portfolio management services business of Axis...
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    Franklin Templeton Launches Campaign to Boost Women's Investment

    New Delhi, February 12 In an effort to deepen financial inclusion and expand women's participation in capital markets, mutual fund investment company Franklin Templeton India announced on Thursday that it has launched a nationwide investor education campaign to raise awareness about mutual funds...
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