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.

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.

Sebi looking into concerns over commission cap in MF industry

Last Updated: Sunday, March 29, 2015, 12:20

Mutual fund industry's apex body AMFI's decision to implement the cap on upfront commission from April has created a rift among large mutual fund (MF) houses and small players.

MF exposure to bank stocks hits a high of Rs 78,000 crore in Feb

Last Updated: Tuesday, March 24, 2015, 14:23

Continuing their bullish stance on banking stocks, mutual fund managers raised exposure to the sector to a historic high of nearly Rs 78,000 crore in February.

Franklin eyes doubling its AUM to Rs 1,20,000 crore in 5 years

Last Updated: Wednesday, March 18, 2015, 12:11

The company is currently ranked seventh in terms of AUM.

MF industry may see several mergers of schemes in coming weeks

Last Updated: Tuesday, March 3, 2015, 14:39

The mutual fund industry may witness several mergers of schemes in coming weeks after the Budget proposed an exemption from capital gains tax in case of amalgamation of funds with similar features.

Mutual fund industry seeks tax sops in budget

Last Updated: Wednesday, February 18, 2015, 22:40

The country's mutual fund industry is seeking tax sops from the forthcoming Union Budget.

MF exposure to banking stocks surges to Rs 76,000 crore in January

Last Updated: Wednesday, February 11, 2015, 14:44

Continuing with their bullish stance on banking stocks, mutual fund managers raised exposure to the sector to a historic high of over Rs 76,000 crore in January.