(Thursday, 17 May 2012 00:23)
Mutual funds and insurance companies have found a new ally in chit funds, a traditional savings scheme, for reaching out to small-town investors.
(Wednesday, 16 May 2012 09:57)
Competition watchdog CCI has approved the proposal of Japanese major Nippon Life to acquire 26 per cent stake in Reliance Capital's mutual fund arm RCAML.
(Sunday, 13 May 2012 08:53)
The mutual fund industry posted a nearly 16 percent growth in its average assets under anagement (AUM) at Rs 6.8 trillion in April on the back of higher inflows to the money market funds.
(Thursday, 10 May 2012 17:50)
VST Industries (erstwhile Vazir Sultan Tobacco Company) has witnessed substantial buying interest by mutual fund managers over the past couple of years.
(Tuesday, 08 May 2012 14:02)
Taurus Mutual Fund has launched its first sector fund called Taurus Banking & Financial Services Fund (TBFSF).
(Thursday, 03 May 2012 10:20)
Lester E. Gray, chief executive officer (Asia-Pacific) Schroders Investment Management, is bullish on the mid- to long-term prospects of Indian mutual fund industry.
(Tuesday, 01 May 2012 19:33)
The UTI Mutual Fund board, it's learnt, has sought the resignation of the fund's chief marketing officer (CMO), Jaideep Bhattacharya.
(Friday, 27 April 2012 11:12)
The board of Axis Bank will be meeting today to consider its annual results and recommend a dividend.
(Thursday, 26 April 2012 21:28)
Lacklustre equities markets, coupled with low distributor support and abundance of high-yield debt instruments, are prompting investors to redeem their money from MFs.
(Thursday, 26 April 2012 09:01)
Several fund houses have introduced exit loads on fixed income mutual fund schemes in April 2012.
(Tuesday, 24 April 2012 10:21)
IDBI Mututal Fund today announced the launch of its second fund in the equity segment named 'IDBI India Top 200 Equity Fund'.
(Monday, 23 April 2012 11:16)
While Sensex gained 12.6% during Jan-March 2012 quarter, the surge was higher for a total of 50 MF schemes & top three performers belonged to Reliance MF.
(Wednesday, 18 April 2012 19:49)
A permission to allow the domestic mutual funds to handle the proposed equity scheme will help the industry replace its existing tax-saver product.
(Tuesday, 17 April 2012 13:15)
UTI Mutual Fund today declared tax-free dividend of 9 per cent for its scheme UTI Opportunities Fund.
(Monday, 09 April 2012 15:37)
In a move to popularise the NPS in the private sector, PFRDA said it is in talks with the government to increase incentives for fund managers.
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