Articles tagged “2020”
5 articles.
- Stamp duty on mutual funds (2020+)
Stamp duty on mutual fund transactions in India was introduced from 1 July 2020 at 0.005% on subscriptions / unit purchases. Covers the framework, the …
- Yes Bank AT1 bond writedown impact on mutual funds
The March 2020 writedown of Yes Bank's Additional Tier 1 bonds to zero under an RBI-supervised resolution caused immediate NAV losses in Indian mutual fund …
- UTI Mutual Fund IPO (2020)
UTI Asset Management Company's October 2020 IPO was the first listing of a major Indian AMC after the HDFC AMC IPO of 2018, valuing the country's oldest asset …
- SEBI multi-cap reclassification circular (September 2020)
SEBI's circular of 11 September 2020 mandated that multi-cap mutual fund schemes allocate minimum 25 percent each to large-cap, mid-cap, and small-cap stocks, …
- Franklin Templeton six-scheme winding-up (April 2020)
In April 2020 Franklin Templeton Mutual Fund abruptly wound up six debt schemes with Rs 25,000 crore AUM, triggering India's largest open-end fund closure and …