India's mutual funds base to top $325 bn by 2018: RCAM's Sikka
Riding on the overall positive mood on the Indian economy, the asset base of the mutual fund industry in the country is set to grow faster at 18.6 percent per annum to top Rs.20 lakh crore ($325 billion) by 2018, says a top industry expert.
May 10, 2015, 18:21 PM IST
Mutual fund asset base grows 10% to Rs 11.86 lakh crore
Mutual fund (MF) industry's asset base has grown around 10 percent to Rs 11.86 lakh crore at the end of April from March, primarily driven by huge inflows in equity schemes and money market segment.
May 07, 2015, 15:56 PM IST
RBI relaxes norms for distribution of MF products by NBFCs
Reserve Bank Thursday relaxed norms for distribution of mutual fund products by NBFCs by doing away with the requirement of a prior permission from the central bank.
Apr 30, 2015, 22:31 PM IST
LIC Nomura Mutual Fund lines up retirement plans
Encouraged by tax incentives for investment in retirement schemes floated by mutual fund houses, LIC Nomura MF has lined up plans to launch such product.
Apr 30, 2015, 15:06 PM IST
Retail investors' MF asset base surges 51% to Rs 2.43 lakh crore
The mutual funds assets base of retail investors rose by a staggering 51 percent to over Rs 2.43 lakh crore at the end of March 2015 as against the year-ago level.
Apr 28, 2015, 15:47 PM IST
Edelweiss MF's AUM crosses Rs 1,000 crore
Edelweiss Mutual Fund Wednesday said its assets under management crossed Rs 1,000 crore as of April 16, a rise of Rs 193 crore from year-ago period, driven by the rally in the equities market where the fund has 93 percent of its exposure.
Apr 22, 2015, 21:25 PM IST
MF exposure to bank stocks drops to Rs 73,000 crore in March
Mutual fund (MF) managers dropped their exposure in bank stocks to over Rs 73,000 crore in March after raising it for six consecutive months.
Apr 09, 2015, 16:16 PM IST
MF orders via exchange platforms double to 19 lakh in FY15
The number of mutual fund orders placed through the stock exchange platforms has more than doubled to over 19 lakh in 2014-15, primarily on the back of an increased appetite among investors.
Apr 06, 2015, 14:00 PM IST
Sebi concerned over large commissions paid to MF distributors
Sebi on Friday expressed concern over the disproportionately large amount of commission paid to mutual fund distributors, but the market regulator said it would be good if the industry puts a cap on the upfront fee.
Mar 20, 2015, 14:41 PM IST
MF houses want tax sops for pension products on lines of NPS
Mutual fund houses have said that tax benefits for retirement solutions should be provided on the lines of the New Pension System (NPS) as they are planning to enter pension funds sector in a big way.
Mar 19, 2015, 11:22 AM IST
Yes Bank open to evaluating acquisition in AMC space
Private sector Yes Bank Tuesday said it is open to evaluating acquisitions for setting up of mutual fund business.
Mar 17, 2015, 22:06 PM IST
MF equity folio count up by 20 lakh during Apr-Feb
Equity mutual funds witnessed an addition of 20 lakh investor accounts or folios during the April-February period of the current fiscal (2014-15) on account of a sharp rally in stock markets.
Mar 16, 2015, 14:56 PM IST
Funds inflow into MF equity schemes reaches Rs 61,000 crore
Mutual funds pumped in Rs 5,200 crore in equity schemes in February, taking the total inflow to over Rs 61,000 crore in the first 11 months of the current financial year on the back of positive returns.
Mar 12, 2015, 15:23 PM IST
Mutual Fund assets base crosses Rs 12 lakh crore mark in Feb
Buoyed by robust capital inflows and strong participation of retail investors, the asset base of mutual fund industry has crossed Rs 12 lakh crore mark in February.
Mar 09, 2015, 14:24 PM IST
MF industry may see several mergers of schemes in coming weeks
The mutual fund industry may witness several mergers of schemes in coming weeks after the Budget proposed an exemption from capital gains tax in case of amalgamation of funds with similar features.
Mar 03, 2015, 14:39 PM IST
SEBI cancels Sahara AMC registration as portfolio manager
In fresh troubles for crisis-hit Saharas, regulator SEBI Friday ordered cancellation of Sahara Asset Management Company's registration as portfolio manager, saying that "antecedents" of Subrata Roy and some group firms may cause "prejudice to the interests of investors".
Feb 27, 2015, 17:55 PM IST
MF investments in software stocks surge to Rs 35,000 crore in Jan
Continuing with the bullish stance on software stocks, mutual fund managers raised their exposure in the sector to a historic high of over Rs 35,000 crore in January this year.
Feb 19, 2015, 15:06 PM IST
Mutual fund industry seeks tax sops in budget
The country's mutual fund industry is seeking tax sops from the forthcoming Union Budget.
Feb 18, 2015, 22:40 PM IST
Reliance MF says SIP count up 3-times to 50,000 a month
Showing a strong surge in retail investor interest, top fund house Reliance Mutual Fund has seen the number of its new 'Systematic Investment Plans' grow three-times to 50,000 per month.
Feb 18, 2015, 16:28 PM IST
MFs plan schemes to cash in on 'Make in India' campaign
Mutual fund houses plan to come up with special schemes focused on the manufacturing sector that is expecting a big boost from the Centre's 'Make in India' initiative.
Feb 16, 2015, 16:10 PM IST
