Marcellus Investment Managers Pvt. Ltd’s co-founder Pramod Gubbi is said to be helming the firm’s foray into India’s ₹81 lakh crore mutual fund industry, according to two people familiar with the matter. The move signals a strategic shift to a sales-first approach for the high-profile portfolio management service (PMS) provider, synonymous with chief investment officer…
Helios Mutual Fund, Zerodha Mutual Fund and Bajaj Finserv Mutual Fund, which launched around the same time or later, have built significantly larger asset bases despite lacking NJ’s distributor muscle. Bajaj Finserv Mutual Fund had assets under management (AUM) of ₹32,115 crore as of December-end, while Zerodha Mutual Fund had ₹₹9,969 crore. The contrast becomes…
Markets regulator Sebi has notified a comprehensive overhaul of mutual fund regulations, introducing a Base Expense Ratio (BER) and separating fund management fees from statutory charges like GST and STT for greater transparency. At the same time, the regulator has also lowered expense ratio caps across most fund categories. The new regulations would come into…
