UTI Mutual Fund looking to cross Rs 1.1 trillion mark by fiscal-end

Last Updated: Thursday, September 3, 2015, 21:30

After having joined the Rs 1 trillion club of fund houses, the Unit Trust of India Mutual Fund (UTI MF) is now looking to cross the mark of Rs 1.1 trillion by the fiscal-end.

Despite muted growth, MFs bullish on global equity funds

Last Updated: Sunday, June 7, 2015, 16:39

"We do believe that principal reason behind international equity funds not picking up currently is the differential tax treatment," JP Morgan Asset Management managing director and chief executive Nandkumar Surti told PTI, adding, "we keep giving representation on the issue to the government seeking a level playing field.

Equity ETFs AUM soars nearly 5-fold to Rs 4210 cr since Mar'14

Last Updated: Tuesday, June 2, 2015, 19:16

Indicating growing investor interest in capital markets, the average assets under management of equity-based exchange traded funds (ETFs) on the NSE has grown nearly five times to Rs 4,210 crore in the quarter ended March over the same period last year.

Sebi concerned over large commissions paid to MF distributors

Last Updated: Friday, March 20, 2015, 14:41

Sebi on Friday expressed concern over the disproportionately large amount of commission paid to mutual fund distributors, but the market regulator said it would be good if the industry puts a cap on the upfront fee.

Reliance MF retail debt assets grow 144% to Rs 19K cr

Last Updated: Wednesday, October 16, 2013, 18:26

Reliance Mutual Fund has posted a growth of nearly 1.5 times in its retail debt asset base to close to Rs 19,000 crore for the last fiscal 2012-13.

MF asset base rises to Rs 8.26 trillion in Jan

Last Updated: Sunday, February 17, 2013, 12:32

Total Assets Under Management (AUM) rose by Rs 66,000 crore or an increase of nine percent in January, compared to Rs 7.59 lakh crore in December 2012.

Mutual funds' AUM touches Rs 7.86 lakh crore in Oct-Dec quarter

Last Updated: Tuesday, January 8, 2013, 14:44

Touching the highest level in nearly three years, the assets managed by mutual funds jumped by more than 5 percent to Rs 7.86 lakh crore in the three months ended December 2012.

Mutual funds' AUM touches Rs 7.86 lakh crore in Oct-Dec quarter

Last Updated: Tuesday, January 8, 2013, 14:44

Touching the highest level in nearly three years, the assets managed by mutual funds jumped by more than 5 percent to Rs 7.86 lakh crore in the three months ended December 2012.

Mutual funds gain Rs 54,681 crore worth assets in July-Sept

Last Updated: Wednesday, October 3, 2012, 15:57

Improved stock market sentiment helped mutual funds become richer by Rs 54,681 crore or about 8 percent in the second quarter of the current fiscal, as the assets base grew for a majority of the fund houses.

IRDA issues uniform norms to ensure solvency of insurance cos

Last Updated: Wednesday, January 4, 2012, 20:50

Insurance regulator IRDA today introduced uniform asset-liability management norms for market players to ensure their solvency and asked firms to undertake stress tests to ascertain their ability to meet financial obligations in the event of a crisis.