Financial sector readies for IPO rush worth over Rs 20,000 crore
The IPO market is heading for a heavy rush with a number of high-profile names including UTI Mutual Fund and SBI Life expected to launch their initial public offers amounting to Rs 20,000 crore in coming months.
May 24, 2017, 15:36 PM IST
Mutual Fund inflows in stocks drop 27% to Rs 51,000 crore in FY17
Mutual fund managers' investment in equities declined by 27 percent to over Rs 51,000 crore in 2016-17 due to volatility in stock markets.
Apr 09, 2017, 16:27 PM IST
MFs' exposure to bank stocks hit record Rs 1.2 L cr in February end
Mutual Fund managers seem to be bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.2 lakh crore at the end of February, primarily on account of cheaper valuations.
Mar 24, 2017, 14:32 PM IST
Mutual funds invest Rs 27,000 cr in debt market in January
Mutual fund managers have pumped in over Rs 27,000 crore in debt market so far this month, primarily on account of participation from corporate and retail investors.
Jan 26, 2017, 11:16 AM IST
Mutual Funds add Rs 4-trillion to kitty in 2016, eyes Rs 20-trillion mark in 2017
Helped by growing interest from retail investors and aggressive buying of stocks, mutual fund industry grew at a rapid pace in 2016 with addition of almost Rs 4 lakh crore, or 28 percent, to its asset base and is looking to cross Rs 20-trillion mark in the new year.
Dec 20, 2016, 13:50 PM IST
LIC MF inks mutual fund distribution pact with Karnataka Bank
LIC Mutual Fund Asset Management Company said it has tied up with Karnataka Bank for distribution of its mutual fund products through over 730 branches of the bank.
Sep 29, 2016, 14:46 PM IST
India has among the lowest MF:GDP ratios globally: Report
India has among the lowest mutual fund investments to GDP ratios in the world at 7 percent, offering a vast untapped opportunity for MF houses, which can leverage technology to enhance reach, a report said Tuesday.
Sep 20, 2016, 18:47 PM IST
MF exposure to bank stocks hits record high of Rs 1 lakh crore
Mutual Fund managers remained bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.05 lakh crore at the end of August.
Sep 19, 2016, 15:25 PM IST
Reliance Growth Fund touches net asset value of Rs 900
Reliance Capital Asset Management's open-ended equity growth scheme, Reliance Growth Fund, has achieved a net asset value (NAV) of Rs 900.
Sep 08, 2016, 15:33 PM IST
Yes Bank gets Sebi nod for mutual fund, AMC business
Private sector lender Yes Bank today said it has received an in-principle approval from the capital markets regulator SEBI to sponsor a mutual fund and to set up an asset management company and a trustee company.
Jul 27, 2016, 12:05 PM IST
Mutual fund AUM crosses Rs 14 trillion mark in April
Helped by buoyant investor sentiment, the asset base of country's mutual fund industry surged to an all-time high of over Rs 14.22 lakh crore at the end of April.
May 06, 2016, 19:15 PM IST
MFs' AUM grows 14 pc to Rs 13.53 lakh cr in FY16
Mutual fund industry's asset base surged 14 per cent last fiscal to Rs 13.53 lakh crore, mainly on account of huge inflows in equity schemes and strong participation from smaller towns.
Apr 03, 2016, 12:26 PM IST
MFs infuse Rs 75,000-cr in equities in Apr-Feb FY16
Mutual Fund managers have pumped in a whopping over Rs 75,000 crore into equities in the first eleven months of the current fiscal amid sustained volatility in the stock markets.
Mar 25, 2016, 15:31 PM IST
MFs see Rs 22.5K-cr inflow in January; total at Rs1.84 lakh crore in FY16
Investors pumped in over Rs 22,500 crore into various mutual fund (MF) schemes in January, with debt segment contributing the most to the inflow.
Feb 11, 2016, 16:33 PM IST
Mutual Fund AUM falls for third-straight month in Jan
As of January-end, over 40 fund houses in the country together had an average AUM of Rs 12,73,714 crore as against Rs 12,74,835 crore in the preceding month, the latest data of the Association of Mutual Funds in India (AMFI) showed.
Feb 05, 2016, 16:38 PM IST
Mutual Funds roll out Aadhaar number facility for investors
To make it easier for investors to buy or sell mutual fund products, fund houses are offering the facility of investing in such products by using the Aadhaar number.
Jan 31, 2016, 19:22 PM IST
MFs may disclose individual agent commission in A/c statements
After capping agent commission, mutual fund industry body and front-line regulator AMFI may now ask the fund houses to disclose the individual distributor commission in the account statements sent to investors.
Jan 18, 2016, 15:11 PM IST
New Year 2016: Five financial resolutions you must make this year
It is very important to take pragmatic decisions so that you have a secure and safe future. Here are five financial promises you should make to yourself this Year.
Jan 04, 2016, 09:50 AM IST
MF investment in equity markets at Rs 70,000 cr in 2015
Mutual fund houses continued to be bullish on the equity markets in 2015 and purchased shares worth a staggering over Rs 70,000 crore, primarily on account of strong participation from retail investors.
Dec 27, 2015, 11:56 AM IST
LIC in talks with state-run banks for Nomura stake sale
Life Insurance Corporation (LIC) has initiated talks with public sector banks to sell the 35 percent stake held by its Japanese partner Nomura in its mutual fund arm, sources at the insurance behemoth said.
Oct 22, 2015, 23:13 PM IST
