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Securities and Exchange Board of India has eased mutual fund unit transfers. Investors can now gift units or add joint holders without a demat account. This facility is available for most schemes, excluding ETFs and certain solution-oriented funds. Transfers are processed via registrars and transfer agents. Both parties need valid KYC and folios.
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News and Media
Orkla India is set to launch its IPO, aiming to raise 1,668 crore by offering shares. The company, known for brands like MTR and Eastern, has seen revenue and profitability growth over the past three years. With a strong base in South India and significant export presence, investors with a high risk appetite may find this a long-term opportunity.
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News and Media
With time running short in the Illinois General Assemblys fall veto session, Democratic lawmakers were weighing several alternatives to raise the $1.5 billion advocates say is needed to fund public transit adequately.
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News and Media
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