Most of the new-age entrants that are betting big on technology have made it clear that they will focus on passive schemes. So, what exactly are passive funds and why is there is a rush to launch such funds?
After the payout, the total disbursement will reach Rs 23,999 crore, amounting to 95.18 per cent of assets under management (AUM) as on April 23, 2020, when the fund house announced to shut the schemes, a Franklin Templeton MF spokesperson said
ICICI Prudential Value Discovery Fund - which completed 17 years in existence accounted for nearly 30 per cent of the total asset under management (AUM) in the value category, the fund house said in a statement
SEBI said the order was passed after the markets regulator noticed the investors of certain FMPs, launched by the Kotak Mahindra Mutual Fund, were not paid their full proceeds as on their respective maturity dates