Mutual Fund

Mutual Fund industry AUM slips 5% to Rs 12.55L crore in Aug

The mutual fund industry witnessed a drop of nearly 5 percent in assets under management (AUM) to Rs 12.55 lakh crore in August, mainly on account of fall in inflow into such schemes.

Sep 07, 2015, 18:04 PM IST

Amtek Exposure: JPMorgan MF restricts redemption in schemes

JP Morgan Mutual Fund has restricted redemptions from two of its debt schemes - Short Term Income Fund and India Treasury Fund -- a move that may severely impact its investors.

Aug 31, 2015, 18:24 PM IST

Burned by oil, some US fund managers still bet on rebound

Mutual fund managers who believed the slump in oil prices would be short-lived have been taking it on the chin, but some are not giving up, betting that the market will bounce back and they will have the last laugh.

Aug 20, 2015, 17:31 PM IST

MF exposure to software stocks hits all-time high in July

Mutual Fund managers seem to be bullish on software shares as they raised their allocation in the sector to an all time-high of over Rs 38,000 crore in July due to depreciation in rupee.

Aug 19, 2015, 16:00 PM IST

Equity MFs folio count up 11 lakh in Apr-July

Equity mutual funds witnessed an addition of over 11 lakh investor accounts or folios in the first four months of the current fiscal (2015-16), primarily on the back of strong retail participation.

Aug 13, 2015, 14:27 PM IST

Foreign liabilities of MFs rise to Rs 566 bn in 2014-15: RBI

Foreign liabilities of mutual fund companies in India increased by Rs 155.4 billion during 2014-15 to Rs 565.9 billion (USD 9 billion), says a RBI survey.

Aug 11, 2015, 23:00 PM IST

MF distributors income jumps 84% to Rs 4,729 cr in FY'15

Mutual fund distributors clocked a staggering income of Rs 4,729 crore in 2014-15, a surge of 84 percent from the preceding financial year, mainly on account of sharp rally in market and robust inflows in equity schemes.

Aug 11, 2015, 13:51 PM IST

UTI MF crosses Rs 1-trillion mark; eyes leadership slots

UTI Mutual Fund, the country's oldest fund house, has attained an asset base of over Rs one lakh crore with about one crore investor accounts and is now targetting leadership positions across various segments.

Aug 02, 2015, 16:54 PM IST

Tata Mutual Fund renames, restructures existing scheme

Tata Mutual Fund has restructured its already existing monthly income fund with added features and renamed it as Regular Savings Equity Fund.

Jul 30, 2015, 21:00 PM IST

Sebi chief urges small investors to put money in stocks

Sebi chairman U K Sinha on Thursday advised small investors to have faith in stock market and invest at least some portion of their savings into equities for better returns in future.

Jul 30, 2015, 19:30 PM IST

Amfi relaxes norms for upfront commission fee for SIP

With an aim to provide incentives to mutual funds' distributors for selling systematic investment plans (SIPs), industry body Amfi has relaxed the norms for upfront commission payments for such schemes.

Jul 29, 2015, 18:21 PM IST

SEBI cancels Sahara's mutual fund licence

Sebi also directed Sahara Mutual Fund and Sahara Asset Management Company to stop accepting subscription from its existing or new investors with immediate effect.

Jul 28, 2015, 19:21 PM IST

Equity MFs get retail lift, attract Rs 33,000-cr in Jun quarter

Mutual fund managers continue to keep faith in equities, putting in nearly Rs 33,000 crore in April-June 2015, primarily driven by strong participation of retail investors.

Jul 08, 2015, 17:26 PM IST

Sebi warns MFs against misuse of investor education funds

Taking note of the rising instances of mutual fund players improperly using the investor education funds, markets regulator Sebi today asked the industry to take corrective action or else the regulator will have to step in.

Jun 30, 2015, 18:17 PM IST

MFs file papers with Sebi for 100 new offerings in 2015

With rising demand from retail investors for mutual fund schemes, the draft papers by fund houses filed with capital markets regulator Sebi for launching New Fund Offers have gone as high as 100 since January.

Jun 25, 2015, 15:37 PM IST

LIC Nomura MF aims to raise Rs 100 cr from Dual Advantage Plan

The New Fund Offer (NFO) period will close on July 6.

Jun 22, 2015, 18:45 PM IST

MF exposure to bank stocks climbs to Rs 79,000 crore

Mutual Fund managers have been on a shopping spree for banking stock, raising their allocation to the sector to over Rs 79,000 crore in May in anticipation of a rate cut by the Reserve Bank.

Jun 16, 2015, 15:33 PM IST

Investor complaints against Mutual funds drop by 30% in FY15

Mutual fund houses received about 21,000 complaints from investors in 2014-15, a drop of 30 percent from the preceding fiscal year on account of efficient grievance redressal mechanism.

Jun 03, 2015, 14:41 PM IST

Maharashtra tops MF chart with equity assets of Rs 1.21 lakh crore

Maharashtra continued to dominate the mutual fund landscape in the country with an assets base of Rs 1.21 lakh crore at the end of April in equity-oriented schemes, followed by Delhi in the second place.

Jun 02, 2015, 15:20 PM IST