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Why 10 stocks suffered massive Rs 17,000 crore mutual fund selloff in AprilMutual funds aggressively booked profits in April, offloading an estimated Rs 17,000 crore from 10 major stocks like HDFC Bank and Wipro. T...
Inflows in equity mutual funds hit 10-month low in AugustEquity funds saw a total inflow of Rs 8,898 crore in July, Rs 15,495 crore seen in June, Rs 18,529 crore in May and Rs 15,890 crore in Apri...
BSE StAR MF launches brokerage management servicesThe exchange has partnered with PGIM MF, LIC MF, and Quantum MF for launching this service, BSE said in a statement.
Canara Robeco Mutual Fund appoints Shridatta Bhandwaldar as head of equitiesThe 19th largest mutual fund house by AAUM has also appointed Sanjay Bembalkar as fund manager- equities.
Now HDFC Bank customers can also avail loan against their mutual fund unitsThe process of availing loan against MF units involves pledging of units, opening of a current account and withdrawals out of it in the for...
Mutual fund assets hit record Rs 16.11 trillion in September quarterThe industry witnessed increase in average assets under management (AUM) to Rs 16.11 lakh crore in three months ended September 30, 2016.
Mutual fund assets hit record Rs 16.11 trillion in September quarterAmong the top five players, ICICI Prudential MF led the pack with asset base of Rs 2,15,986 crore (excluding Fund of Funds) followed by HDF...
Fixed maturity plans out of favour as tax benefits go awayIn 2015, about 150 FMPs were launched, while this year, only two schemes have been filed so far with capital markets regulator Sebi for its...
32 companies approach Sebi with IPO proposals in 1st yr of Modi govt"After the change of the government in May last year, there has been a significant change in sentiment and outlook towards India, which has...
Ease of doing business: Mutual Fund investors can transact via WhatsApp, appsThese new facilities will help investors in buying or selling mutual fund (MF) products in a simpler and faster manner, experts said.
MF industry may see several mergers of schemes in coming weeksThe mutual fund industry may witness several mergers of schemes in coming weeks after the Budget proposed an exemption from capital gains t...
Foreign Account Tax Compliance Act leads Mutual Funds to avoid fresh investments from US investorsMoreover, some MFs may even stop taking investments from NRIs till a clarity emerges over FATCA agreement between India and the US.
Gold ETFs to face redemption pressure if price keeps falling: Fund HousesAmid liquidation of gold ETFs in the global markets, fund houses said redemption pressure will certainly rise if the price fall continues.
Investors bet on a rate cut, pour money into liquid Mutual FundsBetting on a rate cut, corporates and well-heeled investors have put in 53,500 cr into liquid funds in Jan and Feb - the highest two-month ...
'Direct plans likely to bring down costs for MF investors'Direct plans are likely to reduce the role of intermediaries, which has been struggling even since the ban on entry load by Sebi.
- Banks deposit funds with MFs on poor loan offtake
With loan demand yet to pick up, banks are parking a chunk of their surplus funds with mutual funds (MF).
MFs draw up flexible plans to help investors graduate to equitiesIn an attempt to give investors the best of both worlds, mutual fund houses have begun offering flexible asset allocation plans.
- Entry load waiver splits MFs down the middle
Some feel this will benefit investors, others fear MFs could lose out to more lucrative insurance business.
- MF investment to get cheaper
Sebi may remove 2.25% entry load for applications not routed via distributors.
- Small funds find the going tough despite boom
When the Association of Mutual Funds of India (Amfi) releases the monthly numbers for assets under management (AUM) of the mutual funds (MF...