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.

Equity MFs asset base climbs 55% to Rs 3.72 lakh crore

Last Updated: Monday, July 27, 2015, 18:36

The asset base of equity mutual funds surged about 55 percent to Rs 3.72 lakh crore at the end of June, from the year-ago level, as retail investors poured money into these schemes.

Mutual funds bullish on EPFO move to invest in equity funds

Last Updated: Friday, July 17, 2015, 22:50

The government's decision to allow Employees' Provident Fund Organisation (EPFO) invest 5 percent of its Rs 1 trillion investible fund in exchange traded equity funds has made mutual fund houses bullish about launching retirement equity funds, industry officials said.

Mutual funds exposure to bank stocks declines to Rs 78,582 cr

Last Updated: Friday, July 17, 2015, 18:49

Mutual funds' allocation to the banking sector dropped to Rs 78,582 crore in June, after hitting an all-time high in the preceding month, amid weakness in bank stocks.

Equity MFs get retail touch, folio count up 9 lakh in June quarter

Last Updated: Sunday, July 12, 2015, 11:18

Folios are numbers designated for individual investor accounts though one investor can have multiple ones.

MFs try out 'mystery shoppers' to keep lid on mis-selling

Last Updated: Sunday, June 28, 2015, 13:07

To check mis-selling of mutual funds and ensure compliance with norms, fund houses have begun using 'mystery shoppers' to catch errant agents and also to get feedback from investors.

Mutual funds exposure to IT stocks surges to Rs 36,000 crore

Last Updated: Thursday, June 18, 2015, 16:18

Investments by mutual fund houses in software shares surged by 55 percent to nearly Rs 36,000 crore at the end of May on account of good return given by such stocks.

Mutual funds invest Rs 40,000cr in debt markets durign April-May

Last Updated: Friday, June 12, 2015, 16:46

This follows a fund infusion of nearly Rs 6 lakh crore in debt market in the last financial year.

MF equity folio count rises 6 lakh in 2 months

Last Updated: Thursday, June 11, 2015, 15:47

Equity mutual funds are in an overdrive as they witnessed addition of nearly six lakh investor accounts or folios in the first two months of the fiscal, mainly on account of strong retail participation.

Mutual Funds attract Rs 4,200 cr in May

Last Updated: Sunday, June 7, 2015, 10:53

According to data released by capital market regulator Sebi, MF houses infused a net amount of about Rs 4,177 crore in the stock markets in May this year.

Mutual funds' exposure to IT stocks hits 4-month low in April

Last Updated: Thursday, June 4, 2015, 19:27

Investments by mutual fund houses in software shares hit a four-month low of around Rs 34,000 crore at the end of April.

HDFC MF remains most profitable fund house; Reliance MF 2nd

Last Updated: Monday, June 1, 2015, 15:36

ICICI Prudential MF, the second largest fund house in terms of assets base, reported a profit after tax of Rs 247 crore, while Birla Sunlife MF posted a PAT of Rs 123 crore.