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Sovereign Gold Bonds - Good way to invest in Gold - Issue Opens on Aug 9 , 2021 - Issue Price - Rs 4740 /gram
Sovereign Gold Bond Scheme 2021-22 – Series V ( Tranche 54 ) closed for Bidding today i.e. 12 th August’2021 at 5.00 pm Sovereign Gold Bonds - Good way to invest in Gold - Issue Opens on Aug 9 ,202 1 Sovereign Gold Bond (SGB) Investing in gold is much more easy and convenient now. With the Government of India's Sovereign Gold Bonds Scheme you can earn an assured interest rate eliminating risk and cost of storage. Subscription Period Issue Price per gram (₹) Investment limit for Individuals Interest per annum Date of Issuance Aug 9 to Aug 13 , 202 1 Rs 4740* Minimum:1 gram Maximum:4 Kg* 2.50% Aug 17 ,2021 (* Price for Online Investors) Maximum limit for Hindu Undivided Family(HUF): 4 Kg. Trusts and similar entities : 20 Kg. Above limits are subject to change as per notification from Government through RBI ...
Kotak AMC buys PineBridge Mutual Fund
Kotak AMC buys PineBridge Mutual Fund
PineBridge MF had assets under management (AUM) of just Rs 660 crore. The deal marks third exit of a foreign fund houses in less than a year and underscores challenging conditions for smaller players.
In previous nine months, Morgan Stanley has sold off domestic mutual fund business to HDFC AMC and ING MF was acquired by Birla Sun Life AMC.
In a statement, Kotak AMC said it has executed definitive agreement to acquire the domestic schemes of PineBridge MF.
The exact deal size could not be ascertained, but industry players pegged the transaction value to be lower than recent acquisitions, which were struck between 4% and 6% of total asset size of the fund house.
"We have agreed to acquire the schemes of PineBridge MF. The assets included are equity-oriented which provides a further enrichment to our equity base. We have an appetite for further acquisitions which can create value for us and we would be keen to consider such opport...
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