Worst performers among category funds, but beat sectoral indices
India's 32 mutual fund houses saw an erosion of over Rs 32,200 crore (Rs 322 billion) in their total asset under management last month, with a weak stock market robbing off some shine from their over Rs 5 trillion portfolio.
Reliance Mutual Fund has toppled UTI MF to become the country's largest fund house in January with assets under management of more than Rs 39,000 crore (Rs 390 billion).
The government and the Reserve Bank of India is moving in the right direction to curb the inflationary expectations
HDFC Life, which posted a consolidated net profit of Rs 281.83 crore (Rs 2.81 billion) for the quarter ended June compared with Rs 11.92 crore (Rs 119.2 million) in corresponding period last year (according to HDFC's first quarter results), has diversified its distribution mix.
Even optimists suggest a tempering of expectations and there may still be room for a fall.
Life insurance sector in India grew by 41 per cent in 2005-06 due to better performance of country's largest life insurer, LIC, and private players like Bajaj Allianz and ICICI Prudential.
Insurance firms want more clarity before increasing foreign partner's stake.
'When an institution believes its knowledge and capability is superior to everyone, it behaves like a frog in the well.' 'And this is precisely the cause for the mess,' says J N Gupta.
The tax filing season is here, and mutual funds have launched tax-saving products.
If inflation is robust then interest rates will have to be ra
An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.
managers said the weaker rupee, which has driven up shares of technology companies, has helped the fund fetch better returns.
The Reserve Bank of India will soon initiate discussions with Indian banking entities to introduce Basel-II accord, prudential norms including risk management and capital adequacy guidelines, for smooth transition to the new regulatory framework.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The results certainly show it is, but infrastructure and people shortages don't make for an uncontrolled bull run
With the government proposing to give flexibility to the Reserve Bank of India in fixing prudential limits, bankers expect a cut in statutory liquidity ratio
ICICI Lombard General Insurance Company Ltd will consider an initial public offering on reaching an overall market share of around 10 per cent even as ICICI Prudential Life Insurance plans to increase its capital base in the current fiscal.
Despite uncertain times and market volatility ahead, investors should continue with their disciplined investing via SIPs.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
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