The MF industry, comprising over 40 fund houses, has already crossed the Rs 17-trillion mark in AUMs and is looking to double it within the...

The Competition Commission has approved the state-run Union Bank of India's proposed acquisition of 49 per cent stake in Union KBC Asset Ma...

The industry is hopeful of trebling its AUM to around Rs 40 trillion over the next three years.

Life Insurance Corporation (LIC) has initiated talks with public sector banks to sell the 35 per cent stake held by its Japanese partner No...

With 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...

State-run Union Bank of India today said it is buying 49 per cent stake of KBC Asset Management in Union KBC Asset Management.

KBC Asset Management plans to exit Indian market by selling its stake in the mutual fund business to its joint venture partner Union Bank o...

Union KBC Asset Management Company plans to scale up the number of its Systematic Investment Plans (SIPs) from the current 30,000 to over 1...

Noted investor Parag Parikh, founder of mutual fund house PPFAS, died in a car accident in Omaha in the US on Sunday.

Investors should ideally rebalance their portfolios every six months. They should sell assets that have risen sharply, like equities at pre...

It may be noted that the Sensex has been the best performing index so far this fiscal, rallying by over 32 per cent in dollar terms year-to...

“Trigger facility works best for active investors who have clear near-term investment objectives and who can identify realistic levels"

Union KBC MF manages an average asset under management of Rs 2,266.45 crore by the end of December quarter of this fiscal.

Among the AMCs signing the letter include IDBI, BNP Paribas, Mirae Asset, BoI AXA Investment Managers, ING, Pramerica and Union KBC.

State-run lender Bank of India has decided to advance its proposed re-entry into the mutual fund business by a few months to December.

SOME mutual funds and high net worth investors (HNIs) are believed to be accumulating shares of textile companies, including Alok Industrie...

It is learnt that capital market regulator Sebi is considering a proposal to curb this practice, widely prevalent among asset management co...