PPFAS Mutual Fund among 15 AMCs to offer voluntary lock-in for folios. Here is how Sebi’s rule works

With Sebi allowing mutual fund investors to temporarily block any withdrawals or debits from their mutual fund folios, PPFAS Mutual Fund along with 15 AMCs have rolled out a voluntary lock-in facility, offering an added layer of safety and control to investors with effect from April 30. The new framework introduced by the Securities and…

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The Standard to acquire Allstate employer voluntary benefits business for $2 billion

Bruce Bennett/Getty Images News StanCorp Financial Group to acquire The Allstate Corporation’s (NYSE:ALL) employer voluntary benefits business for about $2 billion and enter into a product distribution partnership, the companies said Tuesday after market close. The transaction is expected to close in the first half of 2025, subject to regulatory approvals and other customary closing…

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