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

Last Updated: Sunday, August 2, 2015, 16:54

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.

Tata Mutual Fund renames, restructures existing scheme

Last Updated: Thursday, July 30, 2015, 21:00

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

Sebi chief urges small investors to put money in stocks

Last Updated: Thursday, July 30, 2015, 19:30

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.

Amfi relaxes norms for upfront commission fee for SIP

Last Updated: Wednesday, July 29, 2015, 18:21

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.

SEBI cancels Sahara's mutual fund licence

Last Updated: Tuesday, July 28, 2015, 19:21

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

Sebi cancels registration of Sahara Mutual Fund

Last Updated: Tuesday, July 28, 2015, 19:06

The Securities and Exchange Board of India (Sebi) on Tuesday cancelled registration of Sahara Mutual Fund and ordered transfer of business to a new fund house.

UTI truly independent, IPO to strengthen this character: Puri

Last Updated: Tuesday, July 28, 2015, 13:16

The country's oldest fund house, which manages assets worth over USD 15 billion, is planning to launch an Initial Public Offer (IPO) and would be the country's first asset management company to go public.

HDFC MF sells 3.15% in Zee Media for Rs 26 cr

Last Updated: Monday, July 13, 2015, 15:35

HDFC Mutual Fund has sold 3.15 per cent stake in media and entertainment firm Zee Media Corporation for over Rs 26 crore.

MF houses expect EPFO entry to boost equity ETF space

Last Updated: Sunday, July 12, 2015, 15:53

Mutual fund houses are bullish about the phased entry of the EPFO into exchange traded equity funds from this month, as they believe it will boost investors sentiment.

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

Last Updated: Wednesday, July 8, 2015, 17:26

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.

Mutual Fund global asset base climbs to record $74 trillion in 2014

Last Updated: Wednesday, July 8, 2015, 17:21

The asset base of mutual fund industry worldwide climbed 5 percent to a record USD 74 trillion in 2014, primarily on account of strong performance of the Asia-Pacific region, led by China and India.

HDFC MF sells 2.01% stake in Procter & Gamble for Rs 429 cr

Last Updated: Tuesday, July 7, 2015, 20:17

HDFC Mutual Fund has reduced its stake in FMCG firm Procter & Gamble Hygiene & Health Care Ltd (P&G) by 2.01 percent by selling 6.52 lakh shares for Rs 429 crore in the open market.