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Erstwhile Unit Trust of India was bifurcated with the non-NAV based schemes brought under the government purview and other under the purview of SEBI. While the former came under the Administrator of the Specified Undertaking of The Unit Trust of India (SUTTI) and the latter became the asset manager, UTI Mutual Fund.
In 1983 Rosenthal left Entenmann's and started First Long Island Investors, LLC. He was a member of the Board of Directors of W.P. Stewart & Co., Inc. from 1993 through 1998 and chairman and chief executive officer of W.P. Stewart Asset Management (NA), Inc., a subsidiary of Stewart, and Deputy Managing Director of Stewart from 1998 to 2003.
The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$97 billion) recorded in December 2013.
On September 30, 2010, after almost five months of investigations led by Gregg E. Berman, [41] [42] the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint report titled "Findings Regarding the Market Events of May 6, 2010" identifying the sequence of events leading to the flash crash.
An index fund serves as a collection of stocks, offering investors instant diversification with the purchase of a single share. Take the S&P 500, for example, which tracks the 500 best performing ...
United Investors was founded in 1961. [3] Prior to October 1981, all outstanding stock of United Investors Life was held by Waddell & Reed, Inc. (90 percent), the distributor and manager of the “United Group” of Mutual Funds, and its parent, Continental Investment Corporation (10 percent), a financial services holding company.
A manhunt is underway following Wednesday's fatal shooting of UnitedHealthcare CEO Brian Thompson outside a Hilton hotel in Manhattan.
Tesla is aiming to post slight growth in 2024 deliveries over last year with generous incentives across its EVs - but a lot depends on the success of the new Cybertruck pickup, which is showing ...