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SBI Mutual Fund
SBI Mutual Fund is an Asset Management Company introduced by State Bank of India (SBI) and incorporated in 1987 with its corporate head office located in Mumbai, India. SBIFMPL is a joint venture between the State Bank of India, an Indian public sector bank, and Amundi, a European asset management company. A shareholder agreement in this regard has been entered on April 13, 2011, between SBI & AMUNDI Asset Management. Accordingly, SBI currently holds 63% stake in SBIFMPL and the 37% stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding. SBI & AMUNDI Asset Management shall jointly develop the company as an asset management company of international repute by adopting global best practices and maintaining international standards. History The mutual fund industry in India originally began in 1963 with the Unit Trust of India (UTI) as a Government of India and the Reserve Bank of India initiative. Launched in 1987, SBI Mutual Fund becam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily News And Analysis
Publications established in 2005 Newspapers published in Mumbai English-language newspapers published in India Daily newspapers published in India Essel Group 2005 establishments in Maharashtra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1987
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Funds Of India
Mutual may refer to: *Mutual organization, where as customers derive a right to profits and votes *Mutual information, the intersection of multiple information sets *Mutual insurance, where policyholders have certain "ownership" rights in the organization *Mutual fund, a professionally managed form of collective investments *Mutual Film, early American motion picture conglomerate, the producers of some of Charlie Chaplin's greatest comedies *Mutual Base Ball Club (1857-1871), defunct early baseball team usually referred to as "Mutual" in the standings. *Mutual Broadcasting System, a defunct U.S. radio network * Mutual Improvement Association, the name of two youth programs run by the Church of Jesus Christ of Latter-day Saints *Mutual authentication, used in cryptography *"Mutual", a 2018 song by Shawn Mendes from ''Shawn Mendes'' ;Place names *Mutual, Maryland, a community in the United States *Mutual, Ohio, a village in the United States *Mutual, Oklahoma, a town in the United St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Based In Mumbai
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |
Kotak Mutual Fund
Kotak Mahindra Asset Management Company Limited (KMAMC), is the asset manager for Kotak Mahindra Mutual Fund (KMMF). KMAMC started operations in December 1998 and has approximately 74 lac investors in various schemes. History Kotak Mutual Fund is a wholly-owned subsidiary of Kotak Mahindra Bank Limited, and was established in December 1998. In December 2020 it became the first Indian Mutual House to launch Global REIT Fund of Fund. Organization It is one of the first few private firms qualified to manage pension funds in India. It offers services like banking, asset management, investment banking, life insurance, stock broking and general insurance. Currently, it has an investor base of above 2 million investors. It has a distribution network of around 43,000 distributors. The company is present in 82 cities and has 86 branches. It is currently the 5th largest mutual fund house in the country with more than 2.86 lakh crore Assets Under Management. It currently operates ... [...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] |
Axis Mutual Fund
Axis Mutual Fund is an asset management company in India. It was established in the year 2009 and has its headquarter in Mumbai. Axis Mutual Fund offers various types of mutual fund schemes to invest in India, such as equity funds, hybrid funds, debt funds, and more. History Axis Mutual Fund started its operations in 2009 with its first equity scheme, Axis Equity Fund. In April 2012, Schroders, an asset management company, acquired a 25% stake in Axis Mutual Fund. In September 2019, Axis Mutual Fund launched an index fund based on Nifty 100 that is known as Axis Nifty 100 Index fund. On 22 January 2020, the company launched ESG fund. Controversy Two fund managers of Axis Mutual Fund allegedly shared confidential information about the asset manager’s trades with brokers in Gujarat in return for kickbacks, according to new details discovered by a Securities and Exchange Board of India (SEBI) investigation. See also * Mutual funds in India *Axis Bank Axis Bank Limited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employees' Provident Fund Organisation
The Employees' Provident Fund Organisation (EPFO) is one of the two in statutory social security bodies under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance. The EPFO administers the mandatory provident fund. It also manages social security agreements with other countries. International workers are covered under EPFO plans in countries where bilateral agreements have been signed. As of May 2021, 19 such agreements are in place. The EPFO's top decision-making body is the Central Board of Trustees (CBT), a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. As of 2018, more than 11 lakh crore (US$157.8 billion) are under EPFO management. On 1 October 2014 the Government of India launched a Universal Account Number for employees covered by EPFO to enable Provident Fund number portability. O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daiwa Securities Group
is a Japanese investment bank that is the second largest securities brokerage after Nomura Securities. Major subsidiaries include ''Daiwa Securities'', which offers retail services such as online trading to individual investors and investment banking services in Japan, as well as ''Daiwa Capital Markets'', the firm's international investment banking arm (with a presence across Asia, Europe and North America) that provides M&A advisory, sales and trading services in a variety of financial products to corporate and institutional clients. Other group companies provide asset management, research and private equity fund services. The company is the fourth largest shareholder in SL Green Realty. Member companies * Daiwa Financial Holdings Co., Ltd. * Daiwa Securities Co., Ltd. * Daiwa Asset Management Co., Ltd. * Daiwa Institute of Research Ltd. * Daiwa SB Investments Ltd. * Daiwa Securities Business Center Co., Ltd. * The Daiwa Property Co. Ltd. * Daiwa Capital Markets America In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Offshore Fund
An offshore fund is generally a collective investment scheme domiciled in an offshore jurisdiction. Like the term "offshore company", the term is more descriptive than definitive, and both the words 'offshore' and 'fund' may be construed differently. The reference to offshore, in the classic case, usually means a traditional offshore jurisdiction such as the Cayman Islands, Jersey or the British Virgin Islands. However, the term is also frequently used to include other corporate domiciles popular for cross border investment structuring, such as Delaware and Luxembourg. In the widest sense, offshore is sometimes used to include any type of cross border collective investment scheme, and popular fund domiciles such as Ireland may be included within the definition of offshore, notwithstanding their substantial size as a country. Similarly, although the reference to fund can be taken to include any sort of collective investment, within offshore jurisdictions themselves, the term off ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
