This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.
Country's largest mutual fund UTI AMC on Friday became a private company with the four sponsors paying Rs 1,236.95 crore (Rs 12.369 billion) to the government.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The sector needs to move away from such concepts.
Leading brokerages and mutual fund houses are busy churning their portfolios, with the markets coming back to life. But they are also seeing churning at the top.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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. One of the reasons for the proposed changes is that there are two conflicting regulations that need to be clarified. The other reason is that the sponsor system may itself be outdated as it stands, and the proposed changes would allow new entities such as private equity funds and portfolio management services to enter this space.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Our advice: exercise caution and don't get carried away by the exuberance in the markets. \n\n\n\n
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
ING Vysya Mutual Fund on Tuesday said it has plans to acquire other funds as part of efforts to take its assets to Rs 3,000 crore (Rs 30 billion) this year, six times higher than that in the previous fiscal.
Market regulator Sebi has issued show-cause notice to mutual fund companies of Anil Ambani Group.
Some of the public banks showed improvement; much more still needs to be done
Sebi is reportedly examining the matter internally and has reached out to the fund house on the matter.
In most cases, mutual fund rankings leave the investor muddled.
Fund managers's compensation is largely tied to the assets they manage and scheme performance.
UTI MF will also launch six more schemes as part of its growth plans.
Nine lenders have exposure to the promoter entities and had taken listed operating companies' shares as collateral from the promoter companies.
The first private sector MF, Kothari Pioneer was registered in July 1993.
When it comes to the average assets under management among the top five mutual funds, there has been a shuffle in positions. While Reliance Mutual Fund has been able to maintain the number one position at Rs 700 billion, ICICI Prudential has been pushed to number four from second spot by HDFC Mutual Fund. ICICI Prudential was above HDFC by Rs 73 billion in January-end 2008. But at the end of December, HDFC's assets were up by Rs 48.79 billion over that of ICICI Prudential.
Experts believe the new norms may be an indirect way for Sebi to apply the brakes on dividend option plans in MFs.
Many retail investors, who are experiencing their first bear market, are shocked at the erosion in the value of their mutual fund (MF) portfolios. The pain is especially acute for those who had taken excessive exposure to sector/thematic and small-cap funds. Even international diversification has failed to stanch the bleed in this downturn.
Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
HDFC Mutual Fund on Thirsday completed acquisition of Zurich fund to become one of the largest players in the country.\n\n\n\n
Effective from 12 June in Select Focus, Growth and Midcap Select Fund Sundaram Mutual, a trusted name in the mutual fund industry, has removed the entry load for investments above Rs. 25,000.
The Securities and Exchange Board of India (Sebi) on Monday relaxed the norms for valuing perpetual bonds. The norms, which had sought to value banks' deemed residual maturity of Basel III additional tier 1 (AT1) bonds as 100-year debt from April 1, were strongly opposed by the finance ministry. In a statement released on Monday, the regulator said the maturity would be 10 years until March 31, 2022, and would be increased to 20 and 30 years over the subsequent six-month period.
UTI Asset Management Company, the country's fourth-largest mutual fund, is reviewing its proposed initial public offering in view of the turbulence in the global financial markets and the meltdown in Indian equities. The management is having a rethink on the IPO because of the bearish sentiment prevailing in the markets and a lack of investor appetite, according to a source familiar with the development.
When Deutsche Asset Management Company (AMC) listed its debt scheme - DWS Fixed Term Fund-Series 43 (growth option) - on the Bombay Stock Exchange (BSE) on April 4 this year, little did they know that within 24 days the scheme's net asset value (NAV) would double to Rs 20.
Foreign institutional investors (FIIs) have raised stake in billionaire Mukesh Ambani-led Reliance Industries to a record 25.2 per cent in the quarter ended September 30, according to the company's regulatory filing. Reliance Industries (RIL) on Thursday filed a statement showing the shareholding pattern for the quarter ended September 30.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Listen to soothing song from Meenaxi and Gaja Gamini
Maqbool Fida Hussain, who rose from a Bollywood billboard artist to India's most celebrated painter worldwide, died in London on Thursday, away from home on a self-imposed exile.
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The assets in control of MFs soared to a record high of Rs 17.9 lakh crore last month
Barjeel Geojit Securities has launched an online platform for NRIs to trade Indian Mutual Funds.
As a New Year gift to mutual fund investors, market regulator Sebi on Monday exempted them from payment of entry fee on applications filed directly to the asset management companies (AMC).
Mid and small-cap stocks have been the stars of Indian stock markets this year. Recognising this, mutual funds have launched a plethora of schemes targeted at this universe of stocks this year.
When mutual funds merge schemes, there is a tax implication on the investor. Some calculations on how this works.
The Securities and Exchange Board of India (Sebi) is looking at reducing the fees of all mutual fund schemes - equity funds (open- and close-ended), debt funds, index funds and even funds of funds (or FoFs, mutual funds that invest in mutual funds).
