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ICICI Prudential Mutual Fund has revised the maximum investment amount permissible for an investor for two fund schemes. The fund house has issued a notice according to which an investor is allowed to invest a maximum amount of Rs. 50 crore in ICICI Prudential Regular Savings Fund and Rs. 100 crore in ICICI Corporate […]
The Securities and Exchange Board of India (SEBI) has approved the proposal to create a ‘side pocket’ for mutual funds. This feature will be exclusive to debt mutual funds. The following are key details regarding how the “side-pocketing” mechanism works in mutual funds. What is a Side Pocket? A ‘side pocket’ allows managers of debt…
Axis AMC (Asset Management Company) has begun 2019 on a high note indeed! With a slew of funds outperforming their peers across multiple categories over the past couple of years, this fund house has seen a surge in investor interest and this seems all set to continue. While smart money does caution investors to diversify…