SBI Mutual Fund, Axis Mutual Fund file papers for inflation indexed funds
Two fund houses of SBI and Axis have filed papers with market regulator Sebi to start mutual fund schemes linked to inflation-indexed bonds.
Mutual funds' exposure to IT stocks surges to Rs 27,772 crore
PTI | 3 Mar 2014, 15:15The mutual fund industry is betting big on software companies as its equity exposure to the sector climbed to an all-time high of Rs 27,772 crore at the end of January 2014.
Need to empower mutual funds for investors
TNN | 3 Mar 2014, 12:09The Sebi board recently approved a longterm policy for mutual funds in India. The objectives were to ensure sustainable growth of the mutual fund industry and mobilisation of household savings for the growth of the economy.
HDFC Mutual Fund aims 20% growth in AUM next fiscal on retail revival
PTI | 3 Mar 2014, 11:21Country's largest asset management company HDFC Mutual Fund is looking at 15-20 per cent growth in its assets in the next financial year with continued focus on retail investors, a top company official has said.
Birla Sun Life MF launches new close-end equity fund
PTI | 1 Mar 2014, 11:29Birla Sun Life Mutual Fund has launched a new fund 'Birla Sun Life Focused Equity Fund - series 2', which is a closed ended equity scheme investing in eligible securities as per Rajiv Gandhi Equity Savings Scheme, a company release said.
HDFC Mutual Fund to raise Rs 1,500 crore for real estate
ET Bureau | 28 Feb 2014, 11:19HDFC Mutual Fund plans to raise up to Rs 1,500 crore for real estate through a newly-formed category — alternative investment funds (AIF).
Mutual Funds garner Rs 1.6 lakh cr from investors in Apr-Jan
PTI | 28 Feb 2014, 09:33Investors have pumped in more than Rs 1.6 lakh crore in various mutual fund schemes in the first ten months of the ongoing financial year, more than double the amount infused by them in entire 2012-13 fiscal.
ICICI Prudential MF launches value fund series 3
PTI | 25 Feb 2014, 22:16ICICI Prudential Mutual Fund has launched 'ICICI Prudential Value Fund Series 3', which is a closed ended equity fund that will invest in stocks that trade at a discount to their true value.
Kotak MF launches 'Kotak medium term fund'
PTI | 25 Feb 2014, 22:15Kotak Mutual Fund has launched a new scheme -- Kotak Medium Term Fund -- which is an open-ended debt fund.
PSU banks need to play greater role in MF sale: Sebi
PTI | 24 Feb 2014, 23:06Drawing from the successful use of banking network as a distribution channel by insurers, market regulator Sebi has pitched for PSU banks playing a greater role in the sale of mutual fund products.
HDFC MF to integrate Morgan Stanley AMC schemes
PTI | 24 Feb 2014, 23:05After acquiring the assets of Morgan Stanley MF last year, HDFC MF, the country's biggest asset management company, is now trying to integrate former's products into its portfolio through some "strategic and tactical" changes, a top company official said.
Insurers, MFs await regulatory go-ahead for bond trading
PTI | 23 Feb 2014, 17:49Mutual funds and insurance firms are awaiting go-ahead from their respective regulators -- Sebi and IRDA -- with regard to their participation in the newly launched Interest Rate Futures (IRF) on stock exchanges.
New MF pension plan to attract Rs 18,000 cr annual flow: Sebi
PTI | 23 Feb 2014, 17:48Drawing from hugely-popular 401k pension plans in the US, Sebi has proposed a new Mutual Fund Linked Retirement Plan (MFLR), which it expects to generate over Rs 18,000 crore annual inflows into capital markets.
HDFC MF set to launch 'HDFC Debt Fund for Cancer Cure 2014'
PTI | 23 Feb 2014, 17:47Country's largest fund house HDFC Mutual Fund is planning to launch its second series named 'HDFC Debt Fund for Cancer Cure, 2014' which is a close-ended debt fund with lock-in period of three years.
Fundamentals improving; at least 5.5% growth next year: HDFC Mutual Fund
PTI | 22 Feb 2014, 23:34Country's largest asset management company HDFC Mutual Fund is optimistic of India's growth prospects going forward as it sees most fundamentals improving, a top company official said.
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