Investor complaints against Mutual funds drop by 30% in FY15

Last Updated: Wednesday, June 3, 2015, 14:41

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.

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

Last Updated: Tuesday, June 2, 2015, 15:20

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.

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.

MF houses pour in Rs 22K crore in debt markets in April

Last Updated: Thursday, May 21, 2015, 17:04

Mutual fund managers pumped in over Rs 22,000 crore in the debt market in April, mainly on account of positive investor sentiments and the government's reforms agenda.

Peerless Mutual Fund introduces Peerless 3 in 1 Fund

Last Updated: Wednesday, May 20, 2015, 11:00

Peerless Funds Management Co. Ltd (PFMCL) has announced the re-launch of the erstwhile Peerless MF Child Plan as Peerless 3 in 1 Fund.

BSE introduces overnight investment product

Last Updated: Monday, May 18, 2015, 22:39

Leading bourse BSE Monday announced the introduction of an Overnight Liquid Fund product on the Exchange's Mutual Fund platform, BSE StAR MF.

Peerless MF relaunches Child Plan as 3 in 1 Fund

Last Updated: Friday, May 15, 2015, 16:32

The Fund is an open-ended hybrid scheme which invests in debt, gold ETFs and equity in a manner that optimises risk.

NSE extends waiver of processing fee for MF distributors

Last Updated: Thursday, May 14, 2015, 18:47

The move is aimed at leveraging the stock exchange platform, which would eventually help MF distributors

Mutual fund asset base grows 10% to Rs 11.86 lakh crore

Last Updated: Thursday, May 7, 2015, 15:56

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.

MF asset base from smaller cities up 36% at Rs 1.89 lakh cr

Last Updated: Sunday, May 3, 2015, 11:04

Industry experts attributed the increase in contributions from B15 cities to huge compensation given to distributors, investor awareness and education programmes by MFs as well as incentive schemes launched by capital markets regulator Sebi.

RBI relaxes norms for distribution of MF products by NBFCs

Last Updated: Thursday, April 30, 2015, 22:31

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.

LIC Nomura Mutual Fund lines up retirement plans

Last Updated: Thursday, April 30, 2015, 15:06

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.