Mutual Fund global asset base climbs to record $74 trillion in 2014

Last Updated: Wednesday, July 8, 2015, 17:21

The asset base of mutual fund industry worldwide climbed 5 percent to a record USD 74 trillion in 2014, primarily on account of strong performance of the Asia-Pacific region, led by China and India.

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.

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.

SEBI cracks down on new funds, asset managers chafe

Last Updated: Wednesday, December 11, 2013, 11:02

When Franklin Templeton`s India unit wanted to launch a mutual fund that would switch allocation among stocks, bonds, gold and money markets, the Securities and Exchange Board of India (SEBI)baulked, deeming it too risky for domestic investors, according to the company.

Budget 2013 will woo more investors into MF sector

Last Updated: Friday, March 1, 2013, 17:35

The mutual fund players have welcomed the Budget proposals to increase the income slab for the Rajiv Gandhi Equity Savings Scheme (RGESS) and allow pension and provident funds to invest in debt schemes, saying these steps will increase the depth of capital markets.

SEBI panel to study global practices to expand MF reach

Last Updated: Sunday, September 16, 2012, 23:42

Market regulator SEBI has asked its mutual fund advisory panel to study regulatory provisions in international jurisdictions to suggest ways to channelise retail savings into MFs and submit a report in 3-4 months.

Retired officials, teachers to push MF sales

Last Updated: Friday, September 14, 2012, 15:52

Retired government officials, teachers and bank officers would be able to sell mutual funds from next month as part of market regulator Sebi's efforts to expand investors base in these products.

Sebi eases MF investment norms for QFIs

Last Updated: Friday, July 20, 2012, 21:49

Earlier, QFIs were allowed to invest in mutual fund schemes with debt exposure only.

Mutual funds' asset base falls 1.5% in June

Last Updated: Tuesday, July 10, 2012, 14:23

According to data released by the Association of Mutual Funds in India (AMFI), the fund industry shedded around 24,000 crore during the month of June, which led to decline in the overall asset base to 6,88,825 crore.

Mutual funds' asset base falls 1.5% in June

Last Updated: Tuesday, July 10, 2012, 14:23

According to data released by the Association of Mutual Funds in India (AMFI), the fund industry shedded around 24,000 crore during the month of June, which led to decline in the overall asset base to 6,88,825 crore.

Mutual funds lose Rs 16,000 cr in 2011; HDFC MF remains on top

Last Updated: Wednesday, January 4, 2012, 16:51

The mutual fund industry took a hit of more than Rs 16,000 crore on its asset size during 2011, even as the newly-crowned market leader HDFC MF grew in size and consolidated its top position.

Morgan Stanley MF launches liquid fund

Last Updated: Monday, September 5, 2011, 14:35

Asset management firm Morgan Stanley Mutual Fund on Monday launched an open-ended liquid scheme, which is similar to shot-term deposits and is considered to be low risk investment.