AMFI may ask MFs to reveal investments in them from group co
Mutual fund industry body AMFI may soon suggest making it mandatory for fund houses to disclose the investments made in them by group companies, which is estimated to be well above Rs one lakh crore.
Mutual funds in 2014: Invest directly for big gains
ET Bureau | 31 Jan 2014, 12:55The new year gift by Sebi for mutual fund investors has proved its utility. The direct plans launched by mutual fund houses at the beginning of 2013 churned out better returns for investors than their regular counterparts.
MFs may soon be net buyers in market; top NFOs raise biggest inflow in last three years
ET Bureau | 30 Jan 2014, 12:24Indian mutual funds may soon become net buyers in the market, if one goes by the size of the inflows into equity funds in the past two months of 2013.
SBI MF opens 51 branches in non-metro and small cities
PTI | 28 Jan 2014, 12:02SBI Mutual Fund on Monday opened 51 branches at one go in non-metro and smaller centres spread across 23 states and one Union Territory to garner investible surplus available in such areas.
Sebi chairman U K Sinha promises policy push for mutual funds industry soon
PTI | 27 Jan 2014, 11:53Market regulator Sebi will soon come out with a long-term policy for mutual funds to help the industry create more understanding and better positioning of products amongst investors as fund houses have lost their focus, its chairman U K Sinha said on Monday.
UTI Mutual Fund launches Banking & PSU Debt Fund
PTI | 27 Jan 2014, 11:43UTI Mutual Fund (UTI) on Monday announced Banking & PSU Debt Fund, an open ended income scheme with no assured returns.
Birla Sun Life launches equity fund 'Series 1'
PTI | 23 Jan 2014, 00:15Birla Sun Life Asset Management Company today launched Focused Equity Fund - Series 1, a close-ended equity scheme that invests in eligible securities as per Rajiv Gandhi Equity Savings Scheme, 2012.
Open ended fund scheme announced by DSP
PTI | 23 Jan 2014, 00:14Asset management company DSP BlackRock Investment Managers, a joint venture between the DSP Group and BlackRock, today announced its open ended fund scheme - Dynamic Asset Allocation Fund (DAAF).
Mutual funds' exposure in banking stock hits 6-month high
PTI | 23 Jan 2014, 00:12Fund managers exposure in banking stocks rose to a six-month high of over Rs 34,000 crore in December on account of rise in equity market and various steps taken by the RBI to prop the banking sector.
Tap short-term debt funds to gain from yield spike
ET Bureau | 21 Jan 2014, 12:42Experts are recommending short-term income funds ahead of monetary policy review by the Reserve Bank of India (RBI).
ICICI Pru launches new close-ended equity scheme
PTI | 17 Jan 2014, 18:54ICICI Prudential Mutual Fund today said it will launch a close-ended equity fund with a three- year lock-in period.
Sebi asks MFs to adopt high-deposit districts
PTI | 12 Jan 2014, 16:50Hopeful of a major boost to mutual fund business, regulator Sebi has identified nearly 85 districts for possible adoption by fund houses, as these areas have high bank deposits but limited investment opportunities.
Midcaps turn big favourites; top 10 stocks on mutual fund radar
| 9 Jan 2014, 10:06Even though small- and mid-cap stocks languished in 2013 as compared to their large-cap peers, buying activity picked up in the last three months starting October.
Invest directly for bigger gains from mutual funds
| 6 Jan 2014, 14:27The new year gift by Sebi for mutual fund investors has proved its utility. The direct plans launched by mutual fund houses at the beginning of 2013 churned out better returns for investors than their regular counterparts.
Mutual fund assets grow 11% in 2013, fund houses upbeat on 2014
| 4 Jan 2014, 14:23The mutual fund industry grew its assets by a healthy 11%, or Rs 85,000 crore, to Rs 8.78 lakh crore in 2013 from Rs 7.93 lakh crore a year earlier, with ICICI Prudential and Reliance mutual funds among the large houses which led the growth in average assets under management (AUM).
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