Why the 'sponsorless' mutual funds could be a good idea

The Securities and Exchange Board of India (Sebi) has just released a proposal to alter the regulations pertaining to the sponsor system for mutual funds. Illustration: Uttam Ghosh/Rediff.com One......

LIC MF loses over half of assets in first half

At a time Life Insurance Corporation (LIC) is under the scanner due to the alleged bribe-for-loan scam at its housing finance arm, the mutual fund company of the corporation has been continuously......

Wealthy investors load on equity mutual funds as market rallies

Well-heeled investors are taking the mutual fund route to benefit from the strong rally in the stock market this year. While overall mutual fund folios, or accounts, have remained stagnant at about......

Time to create mother of all mutual funds

'The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government,' says N Sundaresha Subramanian. Illustration: Dominic Xavier/Rediff.com Mutual funds......