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As per the terms of acquisition, BFHL will own approximately 60 percent stake in IDFC AMC, whereas, the other two members of consortium - GIC and ChrysCapital (CC) will own 20 percent each.

HSBC Asset Management (India) has said that it has completed the acquisition of L&T Investment Management for a consideration of US$ 425 million, subject to closing adjustments. L&T Investment Management is a wholly-owned subsidiary of L&T Finance Holdings and the investment manager of L&T Mutual Fund.

Baroda BNP Paribas Mutual Fund has launched Baroda BNP Paribas Multi Asset Fund, an open-ended scheme investing in equity, debt and gold ETF. The fund will be managed by Jitendra Sriram and Vikram Pamnani and will be benchmarked against a customized index comprising 65% of Nifty 500 TRI + 20% of Nifty Composite Debt Index and 15% of Rupees price of gold .

Union AMC announced the launch of Union Multicap Fund, an open-ended equity scheme, that will aim to benefit from higher growth potential offered by mid and small caps, coupled with lesser volatility via large caps. New Fund Offer (NFO) will open on November 28 and will close for subscriptions

Motilal Oswal S&P 500 Index Fund, Motilal Oswal MSCI EAFE Top 100 Select Index Fund and Motilal Oswal Nasdaq 100 Fund of Fund will reopen for fresh subscription.

Investors with an appetite for risk eyeing an allocation in the mid-cap space to generate alpha in their equity portfolios can consider the new fund offer (NFO) of Canara Robeco Mid Cap Fund, given its strong track record of existing equity schemes at the fund house.

This scheme may work for sophisticated investors who have a view on the financial services sector and want to go beyond its largest component – banks.

ICICI Prudential Mutual Fund has launched ICICI Prudential Nifty Financial Services Ex-Bank ETF, an open-ended exchange traded fund tracking the Nifty Financial Services Ex-Bank Index. The scheme will invest in the top 30 companies of the financial services sector except banks, based on free float market capitalization from Nifty 500 Index.

IDFC Mutual Fund has launched IDFC CRISIL IBX 90:10 SDL Plus Gilt– November 2026 Index Fund and IDFC CRISIL IBX 90:10 SDL Plus Gilt– April 2032 Index Fund, open-ended Target Maturity Index Funds that will invest in constituents of CRISIL IBX 90:10 SDL plus Gilt Index– November 2026 and CRISIL IBX 90:10 SDL plus Gilt Index– April 2032 respectively. IDFC CRISIL IBX 90:10 SDL Plus Gilt– November 2026 Index Fund opens on November 14 and closes on November 16. IDFC CRISIL IBX 90:10 SDL Plus Gilt– Apr ..

India's premium valuations may limit its potential for relative outperformance compared to other markets, said Chirag Setalvad, Head-Equities at HDFC Mutual Fund. In an interview with Prashant Mahesh, Setalvad said his top picks are banking, capital goods, pharma and IT companies. Edited excerpts:

Given the expected volatility, sovereign securities remain the most preferred segment on valuation parameters, Rajeev Radhakrishnan, CIO–Fixed Income, SBI Mutual Fund tells ET Wealth.

Hardick Bora and Sanjay Bembalkar will be the new co-heads of equity

HDFC Asset Management Company has launched HDFC Business Cycle Fund which aims to invest in businesses likely on the cusp or in the midst of a favourable business cycle. The NFO opens on November 11 and closes on November 25.

The ELSS category may be going through a lacklustre phase lately. However, Canara Robeco Equity Tax Saver Fund has been consistent performer in the last decade. Shivani Bazaz of ETMutualFunds spoke to Shridatta Bhandwaldar, Head Equities- Canara Robeco Mutual Fund, to find out about the strategy of the fund house. She also quizzed Bhandwaldar about the current situation in the market and introduction of passively-managed ELSS. "We continue to focus on delive ..

WhiteOak Capital Mutual Fund has launched ‘WhiteOak Capital Large Cap Fund’. The NFO will be open from November 10-24. It is an open-ended equity scheme investing predominantly in large -cap stocks. Almost 80% of the allocation will be towards large caps and the fund will be benchmarked against BSE100 TRI.