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Mutual Funds In India
The first introduction of a mutual fund in India occurred in 1963, when the Government of India launched Unit Trust of India (UTI). UTI enjoyed a monopoly in the Indian mutual fund market until 1987, when a host of other government-controlled Indian financial companies established their own funds, including State Bank of India, Canara Bank and by Punjab National Bank. Mutual funds are an under-tapped market in India Despite being available in the market, less than 10% of Indian households have invested in mutual funds. A recent report on Mutual Fund Investments in India published by research and analytics firm, Boston Analytics, suggests investors are holding back from putting their money into mutual funds due to their perceived high risk and a lack of information on how mutual funds work. There are 46 Mutual Funds as of June 2013. The primary reason for not investing appears to be correlated with city size. Among respondents with a high savings rate, close to 40% of those who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Fund
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital') and open-ended investment company (OEIC) in the UK. Mutual funds are often classified by their principal investments: money market funds, bond or fixed income funds, stock or equity funds, or hybrid funds. Funds may also be categorized as index funds, which are passively managed funds that track the performance of an index, such as a stock market index or bond market index, or actively managed funds, which seek to outperform stock market indices but generally charge higher fees. Primary structures of mutual funds are open-end funds, closed-end funds, unit investment trusts. Open-end funds are purchased from or sold to the issuer at the net asset value of each share as of the close ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BNP Paribas
BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the group's parent entity is BNP Paribas S.A. With 190,000 employees as of February 2021, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking (CIB). The group is listed on the first market of Euronext Paris and a component of the Euro Stoxx 50 stock market index, while it also included in the French CAC 40 index. BNP Paribas is the largest banking group in Europe, after HSBC, and ninth largest Banking group in the world, essentially a bulge bracket. It became one of the five largest banks in the world following the 2008 financial crisis. Despite some legal difficulties in 2014, including being fined the largest ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IDBI Asset Management Company
The IDBI Bank Limited (IDBI Bank or IDBI) is a development finance institution under the ownership of Life Insurance Corporation of India and Government of India. It was established in 1964 as Industrial Development Bank of India, a development finance institution, which provided financial services to industrial sector. In 2005, the institution was merged with its commercial division, IDBI Bank, forming the present-day banking entity and was categorised as "other development finance institution" category. Later in March 2019, Government of India asked Life Insurance Corporation to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. IDBI was put under Prompt corrective action of the RBI and on 10th March 2021 IDBI came out of the PCA. At present direct and indirect shareholding of Government of India in IDBI Bank is approximately 95%, which Government of India (GoI) vide its communicatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund is an Indian asset management company founded in 1993 as a joint venture between ICICI Bank and Prudential plc. It is the second-largest asset management company in India after the SBI Mutual Fund. History Origin ICICI Prudential Mutual Fund's corporate headquarters are in the Bkc in Mumbai. It has grown from two locations and six employees in 1998 to over a thousand employees across 120 locations and more than 1.9 million investors in 2016. Products and services The AMC manages significant Assets under Management (AUM) in the Mutual Fund segment across asset classes. The AMC also caters to Portfolio Management Services and Real Estate Division for investors, spread across the country, along with International Advisory Mandates for clients across international markets. Mutual Fund The Mutual Fund primarily targets retail investors. Portfolio Management Services The Portfolio Management Services allows high net worth investors to invest in a mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC Global Asset Management Company
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Development Finance Corporation
Housing Development Finance Corporation Limited (HDFC) is an Indian private development finance institution based in Mumbai. It is a major housing finance provider in India. It also has a presence in banking, life and general insurance, asset management, venture capital, realty, education, deposits and education loans. History It was founded in 1977 with the support from India's business community, as the first specialised mortgage company in India and main company among HDFC group of companies. HDFC was promoted by the Industrial Credit and Investment Corporation of India (ICICI). Hasmukhbhai Parekh played a key role in the foundation of this company which started with the main aim of solving the housing shortage in India and started rising steadily thereafter. In 2000, HDFC Asset Management Company launched its mutual fund schemes. In the same year, IRDA granted registration to HDFC Standard Life Insurance, as the first private sector life insurance company in India. Cu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldman Sachs Asset Management Company
Goldman is a Jewish surname. Notable people with the surname include: *Alan J. Goldman (1932–2010), American expert in operations research *Alan H. Goldman (born 1945), American philosopher * Alan S. Goldman (born 1958), American chemist *Alain Goldman (born 1961), French film producer *Allan H. Goldman (born 1943), American real estate investor * Albert Goldman, American professor and author * Albert Goldman (politician), American Trotskyist lawyer * Albina A. Goldman, philologist, professor North-Eastern Federal University (Yakutsk State University) * Allen Goldman (born 1937), American physicist * Alvin Goldman, philosopher, epistemologist * Ari L. Goldman, American journalist * Bernard Goldman (1922–2006), American art historian, married to Norma * Bo Goldman, American writer, Broadway playwright and screenwriter. * Bobby Goldman (1938-1999), American bridge player * Charles R. Goldman (born 1930), American limnologist and ecologist * Charley Goldman, boxing trainer * Cra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franklin Templeton Investments
Franklin Resources, Inc. is an American multinational holding company that, together with its subsidiaries, is referred to as Franklin Templeton; it is a global investment firm founded in New York City in 1947 as Franklin Distributors, Inc. It is listed on the New York Stock Exchange under the ticker symbol BEN, in honor of Benjamin Franklin, for whom the company is named, and who was admired by founder Rupert Johnson Sr. In 1973, the company's headquarters moved from New York to San Mateo, California. As of October 12, 2020, Franklin Templeton held US$1.4 trillion in assets under management (AUM) on behalf of private, professional and institutional investors. History The company was founded in 1947 in New York by Rupert H. Johnson Sr., who ran a successful retail brokerage firm from an office on Wall Street. He named the company for American polymath Benjamin Franklin because Franklin espoused frugality and prudence when it came to saving and investing. The company's first line ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Escorts Asset Management Company
Escort may refer to: Protection *Bodyguard, a security operative who accompanies clients for their personal protection * Police escort, a feature offered by law enforcement agencies to assist in transporting individuals *Safety escort service, a service provided on and around many college and university campuses to help ensure the safety of students and staff *Escort carrier, a small aircraft carrier used in World War II *Escort destroyer, a warship assigned to protect merchant ships in time of war * Escort fighter, a World War II concept for a fighter aircraft designed to escort bombers *Escort vehicle, a vehicle that escorts oversize trucks or large vehicle convoys on highways Arts and media Film * ''The Escort'' (1993 film), an Italian film directed by Ricky Tognazzi * ''The Escort'' (1996 film), a Canadian film directed by Denis Langlois * ''The Escort'' (1997 film), an American film directed by Gary Graver * ''Escort'' (2001 film), a Chinese film directed by Qi Xing * ''Escor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edelweiss Asset Management Company
EDELWEISS (Expérience pour DEtecter Les WIMPs En Site Souterrain) is a dark matter search experiment located at the Modane Underground Laboratory in France. The experiment uses cryogenic detectors, measuring both the phonon and ionization signals produced by particle interactions in germanium crystals. This technique allows nuclear recoils events to be distinguished from electron recoil events. The EURECA project is a proposed future dark matter experiment, which will involve researchers from EDELWEISS and the CRESST dark matter search. Dark matter Dark matter is material which does not emit or absorb light. Measurements of the rotation curves of spiral galaxies suggest it makes up the majority of the mass of galaxies; and precision measurements of the cosmic microwave background radiation suggest it accounts for a significant fraction of the density of the Universe. A possible explanation of dark matter comes from particle physics. WIMP (Weakly Interacting Massive Particl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DSP Asset Management Company
DSP may refer to: Computing * Digital signal processing, the mathematical manipulation of an information signal * Digital signal processor, a microprocessor designed for digital signal processing * Yamaha DSP-1, a proprietary digital signal processor * Demand-side platform, a system to facilitate the buying of online advertising Education * Developmental social-pragmatic model, a developmental intervention for autistic spectrum disorders * Direct support professional, a specialist in education of the mentally disabled * Deutsche Schule Prag, a German international school in Prague, Czech Republic * Deutsche Schule Paris, now the Internationale Deutsche Schule Paris, a German international school in France * Deutsche Schule Pretoria, a German international school in Pretoria, South Africa Military and police * Deputy Superintendent of Police * Defense Standardization Program, in the U.S. military * Defense Support Program, operators of the U.S. Air Force's early-warning s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
