MF presence heavily skewed in favour of 60 districts: Study
Presence of mutual funds is heavily skewed in favour of 60 districts, out of which a lion's share originates from Mumbai, a Sebi commissioned study has found.
Sebi wants part of young workers' pension money in MFs
PTI | 21 Feb 2014, 17:37To help channelise household savings into capital markets, Sebi wants government to allow a part of money lying in employee pension funds of young and high-income individuals to be invested in mutual funds.
Consolidation in MF industry inevitable: Experts
PTI | 19 Feb 2014, 00:22With the change in net worth requirement for mutual fund companies by market regulator Sebi, industry experts feel that consolidation will be inevitable in the sector going ahead.
Deutsche MF launches new debt scheme
PTI | 19 Feb 2014, 00:20Deutsche Asset Management India today launched a new scheme 'DWS Medium Term Income Fund', which is an open-ended debt scheme, a company release said.
Religare Invesco MF says group investments at 1.04% of AAUM
PTI | 12 Feb 2014, 13:41Religare Invesco Mutual Fund on Wednesday said the investment of group companies in its scheme for the quarter ended December 31, 2013 stands at Rs 143.15 crore, accounting for a little over one per cent of the fund house's total average assets under management.
IDBI MF launches 'IDBI debt opportunities fund'
PTI | 11 Feb 2014, 10:25IDBI Mutual Fund on Monday launched 'IDBI Debt Opportunities Fund, which is an open-ended income scheme, with a focus on generation of interest income.
Foreign assets of MFs down 19% at about Rs 3K cr in FY13
PTI | 11 Feb 2014, 10:24Foreign Assets of mutual fund (MF) companies declined by 18.8 per cent to about Rs 3,190 crore in 2012-13, data from the Reserve Bank showed on Monday.
AMFI arm gets Sebi nod to act as mutual fund distributor SRO
PTI | 11 Feb 2014, 10:23Market watchdog Sebi has given in- principle approval to Institute of Mutual Fund Intermediaries, promoted by industry body AMFI, to set up a self regulatory organisation (SRO) for distributors working for various fund houses in the country.
Mutual fund assets touch record Rs 9.03 lakh crore in January
PTI | 11 Feb 2014, 10:22The Indian mutual fund industry's assets under management jumped 9.4 per cent to a record high of Rs 9.03 lakh crore in January on the back of strong inflows into liquid funds.
UTI MF aims to regain lost glory in 3-5 years: Puri
PTI | 11 Feb 2014, 10:21UTI Mutual Fund, country's oldest asset management company, is aiming to reclaim its leadership position in the next three to five years, Managing Director Leo Puri said here on Monday.
SIP in PSU-oriented fund can prove rewarding for patient investor
ET Bureau | 10 Feb 2014, 13:44BHEL was once considered a proxy for the India Shining story.
Is mutual fund distribution business headed for extinction?
| 10 Feb 2014, 13:41The availability of direct, non-intermediary fund investment options may have sounded the death knell of the fund distribution business. The mutual fund distribution business is headed for extinction.
Book Review: Morningstar guide to mutual funds
ET Bureau | 10 Feb 2014, 13:39Just look up their ratings, as well as their past returns, and invest in one that has done well on both counts.
Baroda Pioneer MF hopeful of sustaining momentum in 2014
PTI | 9 Feb 2014, 12:41After crossing Rs 10,000 crore of assets under management, Baroda Pioneer Mutual Fund hopes to sustain the momentum in the current year, with traction seen in equity space in terms of new investor addition, a top company official said.
Economic turnaround likely in 12-18 months, says Axis MF
PTI | 9 Feb 2014, 12:40Indian economy is likely to remain weak in the current calendar year but a turnaround is expected in 12-18 months, Axis Mutual Fund said on Sunday.
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