Mutual Fund industry AUM slips 5% to Rs 12.55L crore in Aug

Last Updated: Monday, September 7, 2015, 18:04

The mutual fund industry witnessed a drop of nearly 5 percent in assets under management (AUM) to Rs 12.55 lakh crore in August, mainly on account of fall in inflow into such schemes.

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.

Amtek Exposure: JPMorgan MF restricts redemption in schemes

Last Updated: Monday, August 31, 2015, 18:24

JP Morgan Mutual Fund has restricted redemptions from two of its debt schemes - Short Term Income Fund and India Treasury Fund -- a move that may severely impact its investors.

MF mangers' buys shares worth Rs 9,500-cr in August

Last Updated: Sunday, August 30, 2015, 15:16

This was higher than Rs 5,442 crore pumped into the equity markets last month.

Burned by oil, some US fund managers still bet on rebound

Last Updated: Thursday, August 20, 2015, 17:31

Mutual fund managers who believed the slump in oil prices would be short-lived have been taking it on the chin, but some are not giving up, betting that the market will bounce back and they will have the last laugh.

MF exposure to software stocks hits all-time high in July

Last Updated: Wednesday, August 19, 2015, 16:00

Mutual Fund managers seem to be bullish on software shares as they raised their allocation in the sector to an all time-high of over Rs 38,000 crore in July due to depreciation in rupee.

Equity MFs folio count up 11 lakh in Apr-July

Last Updated: Thursday, August 13, 2015, 14:27

Equity mutual funds witnessed an addition of over 11 lakh investor accounts or folios in the first four months of the current fiscal (2015-16), primarily on the back of strong retail participation.

Foreign liabilities of MFs rise to Rs 566 bn in 2014-15: RBI

Last Updated: Tuesday, August 11, 2015, 23:00

Foreign liabilities of mutual fund companies in India increased by Rs 155.4 billion during 2014-15 to Rs 565.9 billion (USD 9 billion), says a RBI survey.

MF distributors income jumps 84% to Rs 4,729 cr in FY'15

Last Updated: Tuesday, August 11, 2015, 13:51

Mutual fund distributors clocked a staggering income of Rs 4,729 crore in 2014-15, a surge of 84 percent from the preceding financial year, mainly on account of sharp rally in market and robust inflows in equity schemes.

Mutual Funds focusing on 'direct plan' to sell schemes

Last Updated: Monday, August 10, 2015, 16:39

A number of mutual fund houses are focusing on 'direct plan' mode to sell their schemes, a move that may maximise the returns for the investors as against regular plans involving distributors.

Mutual funds gather Rs 2 lakh crore in Apr-Jul FY'15

Last Updated: Sunday, August 9, 2015, 14:26

Investors have pumped in over Rs 2 lakh crore into various mutual fund schemes in the first four months of the current financial year, 2015-16, with equity and money markets contributing the most.

Service tax liability on mutual funds, not their agents

Last Updated: Friday, August 7, 2015, 18:52

In a big relief to mutual fund agents, the government has said that distributors will not have to pay tax on services provided by them and the liability in this regard would entirely be on the fund houses.