Ad
related to: l&t mutual funds india
Search results
Results from the WOW.Com Content Network
www .lntmf .com [dead link] L&T Mutual Fund was an Indian mutual fund company that operated between 2010 and 2023. [2] The asset manager of its mutual fund schemes was L&T Investment Management Ltd, a wholly-owned subsidiary of Larsen & Toubro. [3] In November 2022, L&T Finance Holdings sold the company to HSBC for ₹ 3,484 crore ($425 million).
Mutual fund statistics. The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$640 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$100 billion) recorded in December 2013. [2]
L&T has said that its exit from the electrical and automation business is a part of its strategic portfolio review process. L&T Mutual Fund. L&T Mutual Fund was the mutual fund company of the L&T Group. Its average assets under management (AuM) as of May 2019 is ₹ 73,936.68 crore. On November 26, 2022, L&T Mutual Fund was sold to HSBC.
URL. www .fundsindia .com. FundsIndia (est. 2009) is an online investment website headquartered in Chennai, Tamil Nadu. [2] [3] The website is owned by Wealth India Financial Services Pvt. Ltd. [1] It was initially created just for mutual funds but later introduced other investment products like stocks, corporate fixed deposits, bonds, and more ...
Money is collected from investors by way of floating various collective investment schemes, e.g. mutual fund schemes. In general, an AMC is a company that is engaged primarily in the business of investing in, and managing, portfolios of securities.
A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
According to the Reserve Bank of India report, mutual funds attracted 6% of household savings in FY2023 and less than 1% went into direct equities. [34] [35] [36] Almost 95% of household savings in India park their money in bank deposits , including fixed deposit , provident fund , PPF , life insurance , and various small savings schemes.
ET Money is an Indian fintech and wealth management platform owned by Times Internet, a wholly owned subsidiary of Bennett Coleman & Co. Ltd.It was founded in 2015. It offers a variety of financial products and services, including mutual funds, insurance, fixed deposits, NPS and SIPs.
Ad
related to: l&t mutual funds india