Private investment in public equity

Bank of Baroda on December 9 said it will take part in the proposed IPO of UTI Asset Management Co Ltd by way of offer for sale of up to 1.04 crore shares. "The Investment Committee of our Bank in its meeting held today has approved the participation of Bank of Baroda in the proposed initial public offering of equity shares of UTI Asset Management Company Ltd," the bank said in a regulatory filing.The bank said it will offer up to 1,04,59,949 equity shares held by it.Last week, the country's largest lender State Bank of India (SBI) had approved diluting up to 8.25 per cent stake in UTI AMC.Close SBI has also offered to sell up to 1.04 crore equity shares in UTI AMC through the initial public offering (IPO). related news Life insurers April-November new premiums jump 37.2%; LIC holds the reins 'Recent spike in retail inflation mainly on costlier food, govt taking steps to moderate prices' IIT-Madras placements 2019: Phase-1 concludes with 831 job offers Life Insurance … [Read more...] about Bank of Baroda to sell up to 1.04 cr shares in UTI AMC initial public offering

There are a lot of ways to get around Miami. If plan to visit Coconut Grove, you could take the Metrorail. If you need to be somewhere downtown, you could hop on a Bolt electric scooter. Say you want to enjoy a nice bike ride along South Beach, Citi Bike docking stations line the way. And even if you need a rental car to leave the area, there’s Getaround, a peer-to-peer car-sharing platform. And now, taking any of these transportation options not only means you’re commuting car-free, it means you’re racking up rewards you can cash in for your next commute, like Lyft promo codes or a free half hour on a Citi Bike, the city’s bike-share system. advertisement advertisement That’s thanks to Velocia, a new app that has officially debuted in Miami and works as a public-private partnership with different mobility services. Miami-Dade public transit, Bolt e-scooters, Citi Bikes, Getaround car sharing, and SwiftSeat carpooling are all partners, … [Read more...] about This app rewards commuters for choosing public transit, biking, car sharing, or walking over driving

Public sector banks (PSBs) returned to profitability in 2019-20, posting an aggregate profit of Rs 3,221 crore in the first half ending September, Minister of State for Finance Anurag Singh Thakur said in Parliament on Monday.PSBs had posted huge losses in 2017-18 and 2018-19 financial years due to heavy provisioning for non-performing assets and other contingencies, according to the minister.State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively.Close However, they made aggregate provisions for NPAs and other contingencies of Rs 2,40,973 crore and Rs 2,35,623 crore in FY2018 and FY2019, respectively, he said in a written reply in Lok Sabha. related news US seals demise of WTO appeals bench: Trade officials Staying on top of smart television frenzy in India Life insurers April-November new premiums jump 37.2%; LIC holds the reins This resulted in aggregate net losses of Rs 85,370 crore and … [Read more...] about Public sector banks turn profitable in April-September FY20

The assets under management (AUM) of Systematic Investment Plans (SIPs) touched an all-time high of Rs 3.12 lakh crore in November.Inflows through SIPs stood at Rs 8,272 crore as against Rs 8,246 crore in October, registering an increase of almost Rs 26 crore month-on-month.This data was shared by NS Venkatesh, Chief Executive Officer, Association of Mutual Funds in India in a concall held to discuss AMFI monthly numbers.Close In the calendar year 2019 so far, the total inflows through SIPs stood at Rs 65,880 crore.Himadri BuchAssistant Editor|Moneycontrol.com AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI relenting with extension for stakeholders SBI, LIC and BoB?Deloitte's Re 1 advisory fee for BPCL disinvestment irks peersCurrently, mutual funds have about 2.94 crore SIP folios through which investors regularly invest in the schemes.AMFI data also shows that the MF … [Read more...] about SIP AUM touches all-time high of Rs 3.12 lakh cr in November; inflows at Rs 8,272 cr

As an investor, based on investment goals, you can choose to invest in two kinds of mutual fund systems: growth-oriented and dividend-oriented. A growth-oriented mutual fund invests in a potential-showing company's stocks. The main goal of the investment is to achieve maximum capital appreciation.On the other hand, you can choose to invest in a dividend yield fund. The fund house invests in stocks of businesses paying a large dividend in this situation. These firms produce high earnings that enable dividends to be declared. Investments are therefore made in stocks of businesses that have proven track records of earnings being declared. If you've invested in dividend-oriented funds, you might want to learn about these dividend mutual funds. Types of Dividend Mutual FundsDividend mutual funds can be categorized into two classifications based on asset distribution: Dividend Yielding Mutual Funds (Equity) and Dividend Yielding Mutual Funds (Debt) fund.Close In the case of a dividend … [Read more...] about Dividend mutual funds: Advantages, types, how it works