Mutual Fund industry AUM rises by Rs 80,000 crore in April-June quarter
Improved market sentiments helped mutual funds' assets under management (AUM) soar by Rs 80,000 crore or nine per cent to Rs 9.85 lakh crore in the first quarter of the current fiscal.
Fund managers fret about valuations in wake of ECB rate cut
| 10 Jun 2014, 13:41The ECB said it would charge banks to parkfunds overnight, effectively creating a negative interest rate in an effort to revive the euro zone economy by nudging banks to lend money to small and medium-sized businesses, rather than hoard it.
Mid, small-cap equity MFs regain top slot on market rally
TNN | 5 Jun 2014, 11:54The sharp rally in the markets in the past few months has helped equity mutual funds (MFs) investing in mid and small-cap stocks to regain the top slot in the performance chart.
Investor complaints against MF drop by 40%
PTI | 4 Jun 2014, 13:06Mutual funds received close to 40,000 complaints from investors in 2013-14, down 40% from the preceding financial year.
US-based bond funds attract $5.5 billion, most in year
Reuters | 15 May 2014, 11:41Investors in US-based mutual funds poured $5.5 billion into bond funds in the week ended May 7, marking the biggest inflows in a year on continued outperformance in the sector, data from the Investment Company Institute (ICI) showed.
Equity MFs cut cash piles
TNN | 9 May 2014, 05:11With the markets on an upswing, equity mutual funds (MFs) have started to cut down their cash holdings.
6th time in row, MFs lose 16 lakh retail folios in H2 of FY14
PTI | 7 May 2014, 12:11The mutual fund industry has lost around 4 per cent or 16 lakh retail folios during the second half of the past financial year, making it the sixth consecutive half-yearly decline, a Crisil release said.
MFs garnered Rs 54,000 crore in 2013-14
PTI | 20 Apr 2014, 13:10Investors pumped in nearly Rs 54,000 crore in various mutual fund schemes in 2013-14, 30 per cent lower than the amount infused by them in the preceding fiscal.
Religare Invesco MF launches new 'fund of funds' scheme
PTI | 15 Apr 2014, 17:05Religare InvescoMutual Fund on Tuesday launched a new open-ended fund of funds scheme 'Religare Invesco Global Equity Fund'.
Use mutual funds for long-term wealth creation
TNN | 15 Apr 2014, 06:58Mutual funds combine fund management expertise, reduction of volatility and lower costs to give returns to investors.
MFs' exposure to bank stocks hit 14-month high at Rs 40,293 crore
PTI | 14 Apr 2014, 11:37Fund managers raised their exposure in bank stocks to a 14-month high of over Rs 40,293 crore in March this year amid rising equities market.
Motilal Oswal MF launches new open-ended equity scheme
PTI | 10 Apr 2014, 21:07Motilal Oswal Mutual Fund has launched a new open-ended diversified equity scheme - Most Focused Multicap 35 Fund.
HSBC Mutual Fund India launches new fund
PTI | 9 Apr 2014, 17:53HSBC Mutual Fund, India has launched an open-ended fund of funds scheme "HSBC Managed Solutions", which will invest into various asset classes including domestic and foreign equity, long and short-term debt and gold.
LIC Nomura MF aims at nearly doubling assets this fiscal
PTI | 8 Apr 2014, 22:14LIC Nomura Mutual Fund, the subsidiary of life insurance giant Life Insurance Corporation, aims to close this fiscal with an asset under management of around Rs 20,000 crore this fiscal.
Mutual Funds sell shares worth Rs 14,000 crore in FY 2014
PTI/UNI | 8 Apr 2014, 16:07Mutual funds offloaded shares worth more than Rs 14,000 crore during the FY 2013-14, making it the fifth consecutive year of net outflows.
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