{"id":97190,"date":"2023-03-24T15:59:00","date_gmt":"2023-03-24T10:29:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=97190"},"modified":"2023-03-24T15:53:49","modified_gmt":"2023-03-24T10:23:49","slug":"competition-commission-gives-approval-to-lic-mf-idbi-mf-deal","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/competition-commission-gives-approval-to-lic-mf-idbi-mf-deal\/","title":{"rendered":"Competition Commission of India gives approval to LIC MF &#8211; IDBI MF deal\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3054125353\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>LIC Mutual Fund had started its process of absorbing IDBI Mutual Fund in the mid of 2022 and finally some big developments are taking place with respect to the same.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-622100809\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The Competition Commission of India, on Wednesday, approved the proposal of LIC\u2019s Mutual Fund arm \u2018LIC Mutual Fund Asset Management\u2019 to acquire the management rights over the IDBI Mutual Fund schemes provided by IDBI AMC.&nbsp;<\/p><p>Moreover, CCI has also agreed upon the decision regarding the Trustee of LIC Mutual Fund acquiring rights of trusteeship of the Mutual Fund schemes of IDBI from IDBI MF Trustee Company. As part of the deal, IDBI AMC will be acquiring a certain \u2018non-controlling\u2019 shareholding in LIC AMC.&nbsp;<\/p><p>IDBI stock remained flat today with opening its trading session at Rs 47.15 and is currently trading at a price of Rs 46.90. The stock is down around 0.5 percent as compared to the previous closing price of Rs 47.15. Despite the average performance, the stock has been able to deliver decent returns of around 17 percent to its stakeholders within a span of six months.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2956394649\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>IDBI Mutual Fund, subsidiary of IDBI Bank, employs over 200 people across 15 branches in the country. The company is a financial service provider which caters to customers looking for short and long-term investment options.&nbsp;<\/p><p>It has been recognised as one of the best performing investment schemes which are currently present in the Indian financial market. Its primary products include equity, debt, gold, and hybrid funds offering decent annual returns.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-526129349\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>LIC Mutual Fund had started its process of absorbing IDBI Mutual Fund in the mid of 2022 and finally some big developments are taking place with respect to the same.&nbsp; The Competition Commission of India, on Wednesday, approved the proposal of LIC\u2019s Mutual Fund arm \u2018LIC Mutual Fund Asset Management\u2019 to acquire the management rights [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[7801,7802,7803,7798,7800,7799,948,936,3153,3157,2597,7804],"class_list":["post-97190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-idbi-and-lic","tag-idbi-and-lic-deal","tag-idbi-and-lic-deal-approved","tag-lic-mutual-fund","tag-lic-mutual-fund-deals","tag-lic-mutual-fund-latest-news","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-what-is-idbi-and-lic-deal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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