Lloyds bank says it will asset management business

Last Updated: Monday, November 18, 2013, 15:49

Britain`s state-rescued Lloyds Banking Group has agreed to sell its asset management business Scottish Widows Investment Partnership Group to Aberdeen Asset Management for up to £660 million, it said on Monday.

HDFC MF pips Reliance MF as most profitable fund house

Last Updated: Wednesday, October 9, 2013, 19:14

HDFC Mutual Fund has emerged as the most profitable fund house in 2012-13 with a profit after tax (PAT) of Rs 319 crore, amid weak equity markets, pushing rival Reliance Mutual Fund to the second slot.

Fall in rupee not necessarily a bad thing: Nordea AMC

Last Updated: Wednesday, August 28, 2013, 18:52

Fall of rupee is not necessarily a bad thing as it will support exports which will help bridge the gap in current account deficit, Chief Executive Officer of Nordea Asset Management Company Allan Polack said.

AMCs of mutual funds can get membership for debt segment: Sebi

Last Updated: Tuesday, August 20, 2013, 15:26

Enabling mutual funds to directly trade on the debt platforms of the bourses, Sebi has permitted asset management companies appointed by the fund houses to take membership of the stock exchanges.

RCAM's assets under management rises by Rs 7,000 cr in Apr-Jun

Last Updated: Wednesday, July 17, 2013, 14:15

During the first quarter of this fiscal year, the company registered 21 percent increase in its average AUM in mutual funds at Rs 97,771 crore.

JP Morgan fund to help domestic investors to invest in US market

Last Updated: Tuesday, July 16, 2013, 19:01

JP Morgan Asset Management India on Tuesday launched a fund which will enable domestic investors to invest in US equity market.

Deutsche Asset Management plans inflation-linked bond fund

Last Updated: Thursday, June 27, 2013, 15:22

Deutsche Asset Management, part of global banking major Deutsche Bank AG, has filed papers with market regulator Sebi to start a bond mutual fund linked to inflation.

Sinha asks MFs to commit capital; cater to small cities

Last Updated: Wednesday, June 26, 2013, 15:37

Market regulator Sebi on Wednesday warned the non-serious mutual fund players of regulatory disincentives and asked the fund houses to commit capital for long-term growth of the sector and move to non-metro markets.

IL&FS Infra Debt Fund to buy loans from eight PSU banks

Last Updated: Monday, May 13, 2013, 20:27

The lenders are Allahabad Bank, Bank of India, Canara Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce and Uco Bank, IL&FS said.

Motilal Oswal AMC open to strategic partner for foreign biz

Last Updated: Monday, April 8, 2013, 14:19

Motilal Oswal AMC, which runs Motilal Oswal Mutual Fund, is also working to expand its current ETF (Exchange Traded Fund) product range and is aiming to known as an "Expert Equity House" and a preferred provider of "Building Blocks for Asset Allocation" over the next five years, its CEO said.

MF investor accounts dip by over 34 lakh

Last Updated: Sunday, April 7, 2013, 11:32

The mutual fund industry lost more than 34 lakh investors, measured in terms of individual accounts or folios, in the first 11 months of fiscal 2012-13.

RCAM to reach out to investors in semi-urban and rural areas

Last Updated: Tuesday, March 26, 2013, 15:37

The company, which has been conducting awareness drive through its learning academy EDGE since 2010, has already educated two lakh investors through its awareness programme across 327 locations in 18 cities, a company official said.