Mutual fund NFOs saw strong traction in March, with 24 launches collectively raising ₹3,985 crore, led by HDFC MF’s index fund contributing the largest share.
The RBI has proposed one-time approval for mutual funds, insurers and pension funds to increase bank shareholding up to 10% without repeated regulatory clearance. The
Mylan sold a ₹1,839 crore stake in Biocon through a block deal, attracting strong institutional demand. ICICI Prudential Mutual Fund emerged as the largest buyer,
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