Investors may pay less for MF products, Amfi plans to cut costs
Besides, it is planning to do away from the current practice of disclosing overall Assets Under Management (AUM) by fund houses and restrict it to only retail AUM.
Sep 06, 2015, 13:07 PM IST
Investment products should have no upfront commissions: Panel
A government appointed panel has suggested complete phase out of upfront commissions on investment products like insurance, mutual funds and pensions.
Sep 03, 2015, 22:58 PM IST
MFs buy shares worth Rs 10,533 cr in Aug, but FPIs hit exits
Mutual fund managers continued their shopping spree in August purchasing shares worth a staggering Rs 10,533 crore even though overseas investors pulled out a record money from the stock market.
Sep 02, 2015, 16:08 PM IST
Payments banks may ring in better days for insurers, MFs
Insurers and fund houses see payments banks (PBs) as a boon for the sector as opportunities of cross-sell would help deepen their reach in rural areas.
Aug 20, 2015, 23:41 PM IST
MF exposure to bank stocks hit record high of Rs 85,000 cr
In comparison, equity fund managers' deployment in banking stocks stood at Rs 55,086 crore in July 2014.
Aug 17, 2015, 16:02 PM IST
MFs fear large-scale investor exit on yuan devaluation
Mutual funds managing offshore money are fearing a large-scale investor exit in the event of a further depreciation in the rupee, which has been hit hard after a surprise devaluation of Chinese currency yuan last week.
Aug 16, 2015, 15:49 PM IST
MF equity asset base paces up, shy of Rs 4 lakh cr
Analysts said equity markets have delivered positive returns, a big reason why retail investors went for such schemes.
Aug 16, 2015, 13:49 PM IST
Mutual Funds focusing on 'direct plan' to sell schemes
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.
Aug 10, 2015, 16:39 PM IST
Mutual funds gather Rs 2 lakh crore in Apr-Jul FY'15
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.
Aug 09, 2015, 14:26 PM IST
Service tax liability on mutual funds, not their agents
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.
Aug 07, 2015, 18:52 PM IST
MF inflow in equity mkts drop by 58% to Rs 4,300 cr in July
In comparison, mutual fund reported a net inflow of nearly Rs 31,000 crore in the debt markets last month.
Aug 03, 2015, 15:13 PM IST
Mutual funds bullish on EPFO move to invest in equity funds
The government's decision to allow Employees' Provident Fund Organisation (EPFO) invest 5 percent of its Rs 1 trillion investible fund in exchange traded equity funds has made mutual fund houses bullish about launching retirement equity funds, industry officials said.
Jul 17, 2015, 22:50 PM IST
Mutual funds exposure to bank stocks declines to Rs 78,582 cr
Mutual funds' allocation to the banking sector dropped to Rs 78,582 crore in June, after hitting an all-time high in the preceding month, amid weakness in bank stocks.
Jul 17, 2015, 18:49 PM IST
Equity MFs get retail touch, folio count up 9 lakh in June quarter
Folios are numbers designated for individual investor accounts though one investor can have multiple ones.
Jul 12, 2015, 11:18 AM IST
MFs try out 'mystery shoppers' to keep lid on mis-selling
To check mis-selling of mutual funds and ensure compliance with norms, fund houses have begun using 'mystery shoppers' to catch errant agents and also to get feedback from investors.
Jun 28, 2015, 13:07 PM IST
Mutual funds exposure to IT stocks surges to Rs 36,000 crore
Investments by mutual fund houses in software shares surged by 55 percent to nearly Rs 36,000 crore at the end of May on account of good return given by such stocks.
Jun 18, 2015, 16:18 PM IST
Mutual funds invest Rs 40,000cr in debt markets durign April-May
This follows a fund infusion of nearly Rs 6 lakh crore in debt market in the last financial year.
Jun 12, 2015, 16:46 PM IST
Mutual Funds attract Rs 4,200 cr in May
According to data released by capital market regulator Sebi, MF houses infused a net amount of about Rs 4,177 crore in the stock markets in May this year.
Jun 07, 2015, 10:53 AM IST
Mutual funds' exposure to IT stocks hits 4-month low in April
Investments by mutual fund houses in software shares hit a four-month low of around Rs 34,000 crore at the end of April.
Jun 04, 2015, 19:27 PM IST
HDFC MF remains most profitable fund house; Reliance MF 2nd
ICICI Prudential MF, the second largest fund house in terms of assets base, reported a profit after tax of Rs 247 crore, while Birla Sunlife MF posted a PAT of Rs 123 crore.
Jun 01, 2015, 15:36 PM IST