Mutual Funds exposure to bank stocks climbs to Rs 75,000 cr

Last Updated: Sunday, May 24, 2015, 10:56

According to the industry experts, fund managers have raised their allocation to bank stocks expecting a rate cut by the RBI.

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.

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

MFs file papers with Sebi for 70 new offerings this year

Last Updated: Monday, May 11, 2015, 16:01

The documents for these 70 NFOs have been submitted with the Securities and Exchange Board of India since the beginning of this calendar year.

India's mutual funds base to top $325 bn by 2018: RCAM's Sikka

Last Updated: Sunday, May 10, 2015, 18:21

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.

MFs to have 10-cr investor a/c, Rs 20-trillion asset base by 2018

Last Updated: Sunday, May 10, 2015, 12:26

Mutual fund industry is set to achieve an investor base of 10 crore accounts in the next five years, while their asset base can touch Rs 20 crore in just about three years, helped by positive market sentiments and growing interest among retail investors.

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.

Dalal Street veteran Parag Parikh dies in car accident in US

Last Updated: Monday, May 4, 2015, 18:52

Noted investor Parag Parikh, founder of mutual fund house PPFAS, died in a car accident in Omaha in the US on Sunday.

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.