Mutual funds' average assets cross Rs 9 trillion mark
The assets managed by mutual funds rose by 3 per cent to cross Rs 9 trillion mark in the January-March quarter of FY 2013-14 on account of inflows into fixed maturity plans, money market and equity funds, says a report.
Mutual Funds’ average assets surge to record high
TNN | 3 Apr 2014, 05:21The average assets under management (AUM) of the mutual fund (MF) industry surged to a record high of 9.04 lakh crore in the last quarter of the just concluded financial year.
ICICI Pru MF joins Rs 1trillion club, HDFC retains top slot
PTI | 2 Apr 2014, 15:26With a strong growth of about 22% in its asset base, ICICI Prudential Mutual Fund has joined the Rs 1 lakh crore club while HDFC MF has retained its top slot with a slender margin of about Rs 6,000 crore.
Sebi disclosure norms for mutual funds effective from today
PTI | 1 Apr 2014, 16:18Mutual fund houses now require to make monthly disclosures about assets managed by them as well as explain the rationale behind exercising their voting rights in firms, as part of stronger Sebi norms effective from Tuesday.
Mid-cap, small-cap rally may boost mutual funds inflows
ET Bureau | 1 Apr 2014, 13:29The rally in mid- and smallcap stocks over the past few days will enable mutual funds to end the financial year with higher net asset values (NAVs) and avert redemption pressure, say fund managers.
Take SIP route to save taxes
TNN | 1 Apr 2014, 10:14A large number of people in India make their tax-saving investments closer to March, while the ideal way to do that is to start in April itself — just when the financial year starts, and continue to execute the plan through the year.
Birla Sun Life MF eyes Rs 6,000 crore equity assets next fiscal
PTI | 31 Mar 2014, 18:18Birla Sun Life Mutual Fund aims to touch around Rs 6,000 crore of equity assets in the next financial year, an increase of 40 per cent from the current level, in its bid to raise the overall pie of this segment, a company official has said.
Regulators clamp down on MFs' assets window-dressing efforts
PTI | 28 Mar 2014, 16:01Some mutual funds have come under scanner of the capital markets watchdog Sebi and industry's front-line regulator AMFI for allegedly window-dressing their fiscal-end assets base through illicit trades.
Sebi to carry investor campaigns via mobile, internet in FY 15
PTI | 27 Mar 2014, 15:39To create more awareness about capital market and to protect investors’ interests, Sebi plans to initiate campaigns through mobile as well as internet platforms and by collaborating with industry bodies.
Mutual fund investment in IT stocks at record high in February
PTI | 26 Mar 2014, 21:42Mutual funds, betting big on software companies, boosted their exposure to the sector's stocks to a new high of Rs 28,784 crore in February.
Over 80% investors satisfied with mutual fund schemes: Survey
PTI | 26 Mar 2014, 21:37More than 80 per cent of investors in the country are satisfied with their mutual fund schemes, a survey by trade body of financial distributors said.
Indian market may see 2-3 years of bull run: Birla Sun Life MF
PTI | 26 Mar 2014, 11:43Indian stock market is likely to see a bull run for the next 2-3 years as Asia's third largest economy has become an attractive investment destination among emerging countries and expects a stable government post- elections, a leading mutual fund house said today.
Many equity MFs stuck at ’08 level
TNN | 25 Mar 2014, 01:19The markets have hit a new high. But equity mutual funds (MFs) still have some catching up to do. The net asset values (NAVs) of over 50 rated equity MFs — diversified, large-cap, large and mid-cap funds — are still ruling lower than levels seen in January 2008 when the sensex scaled past the 21,000-mark for the first time ever.
SIPs best way to create wealth via mutual funds
TNN | 18 Mar 2014, 07:23At the very basic, wealth creation refers to the process of deploying your money in a manner that there is real-value accretion over the long run.
Sebi says hike in net worth required for MF spread, no rethink
PTI | 7 Mar 2014, 13:09Defending its decision to raise net worth requirement for asset management companies, whole time member of Sebi, S Raman on Thursday said high net worth is essential for better penetration of mutual fund industry as players need financial muscle to support growth.
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