LIC Nomura MF hopes to garner Rs 100 cr from RGESS

LIC Nomura Mutual Fund hopes to garner around Rs 100 crore (Rs 1 billion) from around 20,000 retail investors under its newly launched Rajiv Gandhi Equity Savings Scheme (RGESS)."We hope to garner......

Nomura to buy 35% in LIC Mutual Fund

Japan's Nomura Group is set to acquire 35 per cent in LIC Mutual Fund, India's seventh largest mutual fund, after the board of directors of Life Insurance Corporation approved a proposal to induct......

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......