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......

Canbank closing in on GIC MF

Canbank Investment Management Services, which manages Canbank Mutual Fund, is close to striking a deal to buy out the schemes of GIC Mutual Fund. The other players looking at GIC Mutual include LIC......

Fund Houses All Set to Launch NFOs As Ban Nears End

Since April there have been no new NFOs because of the delay in the implementation of the new norms around pooling of funds. Illustration: Uttam Ghosh/Rediff.com   Asset management companies......