Blackrock-DSP split shows that even the best of foreign investment managers can't handle India's MF industryA lack of local knowledge is part of the reason, but there are other factors that make even the best global managers unable or unwilling to...
More foreign MFs on way out as Nomura plans to exit LICWith the exit of Goldman Sachs, which sold its business to Reliance Capital today, there are 43 MFs in India managing a tad over Rs 13-tril...
SBI MF lays out plan for Rs 1 lakh crore AUM by September quarterTo achieve this, the fund house is working on upgrading its IT platform and rolling out two funds for which the regulatory approval is in p...
Mutual funds near Rs 12 lakh crore mark in FY15; add Rs 3 lakh croreThe growth in asset base comes on the back of BSE Sensex surging around 25 per cent in the past financial year.
Mutual Funds reach Rs 11-trillion mark; add Rs 3-trillion in 2014Fund houses are upbeat about the industry performance for the next year as equity markets are expected to continue to deliver making the se...
MF assets rise by Rs 85,000 crore to Rs 8.78 lakh crore in 2013The registration of Daiwa MF has been cancelled by Sebi following the transfer of its schemes to SBI MF.
Mutual Fund industry's asset base grows by Rs 1 lakh crore in 2013MF industry's assets under management hit a record high of Rs 9.58 lakh cr in August 2013 and have remained near Rs 9 lakh cr as the year d...
HDFC MF acquires Morgan Stanley schemes worth Rs 3,290 croreThe purchase is expected to help the fund widen gap with Reliance, second biggest MF house & consolidate its position at the top of the ind...
Daiwa Mutual Fund calls it quits, to sell assets to SBI Mutual FundDaiwa Mutual Fund, which has an asset size of Rs 266 crore, is part of the Tokyo-based Daiwa Securities Group, a leading financial services...
SBI Mutual Fund proposes to acquire schemes of Daiwa Mutual FundSBI Mutual Fund ("SBI MF") has agreed to acquire all of the existing India domiciled fund schemes of Daiwa Mutual Fund ("Daiwa MF").
Fund Managers now prefer job security over fat pay cheques and bonusesFund managers at smaller funds are chasing job security and big AMCs are using the opportunity to pick good talent without writing fat pay ...
- SBI Mutual Fund nearing a deal to buy Daiwa MF
SBI Mutual Fund is in the final stage of negotiations to purchase Japanese asset management firm Daiwa Mutual Fund.
Daiwa Mutual to sell portfolios, but may retain MF licence hereThe company will soon start looking around for potential buyers for the fund portfolios, said a source close to the development.
- RBI's move to cut repo rate by 50 basis points unexpected: Analysts
RBI's decision to cut repo rate by 50 bps in its annual monetary policy has been termed by mkt analysts as an "unexpected" positive move.
- Mutual funds lose Rs 36,000 crore worth assets in FY12
The mutual fund industry saw its total asset base shrink by about five per cent or Rs 36,000 crore in the just-ended fiscal year 2011-12.
- Expect RBI to cut rates by early next fiscal: Killol Pandya, Daiwa MF
In an interview with ET Now, Killol Pandya, Head of Fixed Income, Daiwa Mutual Fund, shares his outlook on treasury. Excerpts:
- Shinsei, Jhunjhunwala sell MF business to Daiwa
Japan's Shinsei Bank & Rakesh Jhunjhunwala are said to be selling out their Indian MF joint venture to Daiwa. Topping returns with ELSS | B...