News From Press ICICI Pru MF's Bharat 22 ETF saw redemption of over Rs 1,000 cr on first day of listing

ICICI Pru MF's Bharat 22 ETF saw redemption of over Rs 1,000 cr on first day of listing

Source: Moneycontrol Dec 11, 2017

On the very first day of listing of Bharat 22 ETF which was managed by ICICI Prudential Mutual Fund, the fund house witnessed redemptions worth Rs 1,256 crore, sources in the industry told Moneycontrol.

When Moneycontrol contacted the fund house, the spokesperson confirmed that there were redemptions on the first day of listing but attributed the redemptions to profit-booking.

Click here to read more>>

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman

How to pick passive mutual funds? Radhika Gupta shares four tips

China market rally: How Indian mutual fund investors can ride the boom

HDFC Bank's Instant SIP introduced. Know how will it work for mutual fund investment

Mutual fund investment: Flexicap funds or multicap funds - where can you get more returns?

China’s sudden stock rally sucks money from India, other Asian markets

Investment strategy for a volatile week: what to buy on dip, what to sell, what to avoid?

Silence Does Not Imply Consent In Insurance Proposals: NCDRC

DSP Mutual Fund temporarily restricts subscription to global schemes

Near term, expect tough times but longer-term story intact; sector and m-cap rotations to continue: Nilesh Shah

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS