Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
UTI AMC Ltd IPO - Initial Public Offer Details UTI Asset Management Company will offer its IPO for subscription on 29 September 2020. The company plans to raise 3,000 crore through this issue. The public issue will see the sale of 3,89,87,081 equity shares by State Bank of India, Life Insurance Corporation of India (LIC), Punjab National Bank, Bank of Baroda and T Rowe Price International. UTI Asset Management Company had fixed the price band for its IPO on September 24, 2020 at Rs 552-554 per share. UTI AMC Ltd IPO Details IPO Open Date September 29, 2020 IPO Close Date October 1, 2020 Issue Type Book Built Issue IPO Issue Size 38,987,081 Equity Shares of 10 rupee (aggregating up to 2,159.88 Cr rupee) Face Value 10 rupee per equity share IPO Price 552 to 554 rupees per equity share Market Lot size...