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Indian mutual fund industry News

Religare Enterprises

19 Nov 2015

Religare exits mutual fund biz, sells 51% to partner Invesco

After life insurance, financial services group Religare Enterprises has decided to exit mutual fund business with sale of its controlling 51 percent stake in Religare Invesco AMC to the foreign partner Invesco.

26 Aug 2014

MFs rope in KPMG to comply with new US tax law

Indian mutual funds have roped in global consultant KPMG to help them prepare for the Foreign Account Tax Compliance Act (FATCA) - a new law enacted by the US to help combat tax evasion by Americans through overseas entities including in India.

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