Nippon Mutual Fund has assets of ₹5.5 lakh crore under management, and a large retail base. Investors cannot make any fresh financial transaction – a purchase, redemption, or starting a new SIP (Systematic Investment Plan) or SWP (Systematic Withdrawal Plan) through the website now.
Gold loan stocks rally after RBI hikes loan-to-value ratio limit and eases small loan norms
Gold loan stocks surged 2–7% after RBI raised the LTV ratio on loans under ₹2.5 lakh to 85%. Simplified norms reduce compliance burden, aiding lenders