Thursday, September 10, 2009
Wednesday, September 2, 2009
Bharti is looking to exit completely from its mutual fund joint venture with AXA by December 2009. CNBC-TV18 learns that AXA is now scouting for public sector banks to partner for the venture. Priyal Guliani reports. Below is a verbatim transcript of Priyal Guliani's report on CNBC-TV18. Also watch the accompanying video. CNBC-TV18 had reported first on March 31, 2009 that Bharti is looking to exit from its venture with Bharti-AXA for its mutual fund venture. Now it is learnt that Bharti is looking at this exit to be completed by December 2009. We understand that the other partner—AXA is looking and scouting for public sector undertaking (PSU) banks to partner with it for its mutual fund venture essentially to have distribution model in place where they would get distribution support from the PSU banks. It is learnt that the process has already started. Also, there are about nine banks that have been short listed according to sources. Some of these shortlisted banks by AXA include Bank of India, The company is yet to respond to our email query in this matter. |
ICICI Pru MF launches FMP Series 49 3 Years Plan A
ICICI Pru MF launches FMP Series 49 3 Years Plan A:
"ICICI Prudential Mutual Fund has launched Fixed Maturity Plan Series 49 – Three Years Plan A, a closedended debt scheme, seeks to generate regular returns by investing in a portfolio of fixed income securities / debt instruments which mature on or before the date of maturity of the plan/scheme."
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