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…
since the product’s launch in April last year, every SIF that has come to market has fallen into just three of the seven strategies permitted by the regulator—equity long-short, equity ex-top 100 long-short and hybrid long-short. No fund house has launched either of the two debt strategies or a sector rotation equity fund, or an…
After a record-breaking rally in the last few weeks, the prices of gold and silver crashed on Friday. Gold suffered its biggest slide in four decades, falling more than 12% in its biggest daily decline since the early 1980s. Silver posted a record intraday decline, plunging more than 36%, as the selloff swept through the…
MUMBAI : India’s market regulator is closely scrutinizing new fund offers (NFOs) for portfolio overlap with existing schemes, even though its draft proposals on overlapping stocks in mutual fund schemes are yet to be notified. In an 18 July consultation paper, the Securities and Exchange Board of India (Sebi) proposed that mutual funds ensure that…
