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With one launch per day, NFOs are back with all guns blazing
The Rs 38-trillion mutual fund (MF) industry is going through a new fund offer (NFO) rush. Illustration: Uttam Ghosh/Rediff.com Since July 1, the industry has launched close to 70 NFOs. This......
Kotak Mahindra AMC barred from launching new FMPs for 6 months
Sebi on Friday imposed a penalty of Rs 50 lakh on Kotak Mahindra Asset Management Company (AMC) and barred the fund house from launching new fixed maturity plan (FMP) scheme for six months for......
MFs plan to launch a slew of FMPs as bond yields increase
An additional factor spurring the FMP launches is MFs’ desire to retain investors as many such offerings are set to mature over the next two months. Illustration: Uttam Ghosh/Rediff.com......
FMPs crisis: Lessons for all to learn
'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.Illustration: Uttam Ghosh/Rediff.com Investors in mutual funds have woken up to another rude shock.......
Zee's repayment woes force fund houses to reschedule
According to industry players, over 50 FMPs have exposure to Zee Group companies. Illustration: Dominic Xavier/Rediff.com Mutual fund (MF) houses, with exposure of over Rs 8,000 crore to Zee......
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