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New financial products needed to push infrastructure development: FM

New financial products needed to push infrastructure development: FM


Development of infrastructure and expansion of financial products such as Infrastructure Debt Funds ...
Investors redeem $8 bn from emerging market bond, equity funds

Investors redeem $8 bn from emerging market bond, equity funds


Emerging market bond and equity funds witnessed their biggest weekly redemptions as they withdrew m...

MF assets reach record high of Rs 8.68 lakh cr in May: Crisil


The country's 44 fund houses together had an average AUM of Rs 8.68 lakh crore in May, significantly...

Now, funds for Punjab govt depts only via online route


State government departments in Punjab will soon be able to submit only online proposals for release...

Private equity investments touch 5-year high of $2.1 bn in May


Private equity players announced investments worth USD 2.1 billion in Indian companies in May, the h...

Mutual Funds garner over Rs 1 lakh cr from investors in April


Investors pumped in more than Rs 1 lakh crore in various mutual fund schemes during April, the highe...

After Lokayukta order, Gupta files CBI complaint against Delhi CM


A BJP leader filed a complaint with the CBI seeking a probe against Sheila Dikshit for alleged misus...

Investor complaints dip at top MFs; Reliance sees biggest fall


The number of investor complaints has come down drastically at the country's top mutual funds, with ...

Complaint filed against Dikshit for misusing government funds


A complaint has been filed in a court seeking registration of an FIR against Sheila Dikshit for misu...

Madonna to raise funds for expansion of `impoverished` Karachi school


Madonna has declared that she has pledged funds for the expansion of a school in an impoverished reg...

MF investments in IT stocks fall to Rs 16.5k crore


The April figure also marks the first monthly decline in mutual funds allocation to the software sto...

Parl panel to submit report on ponzi schemes in Mo


A Parliamentary panel looking into chit funds and ponzi schemes in the backdrop of Saradha scam in W...

Parl panel to submit report on ponzi schemes in Monsoon session


A Parliamentary panel looking into chit funds and ponzi schemes in the backdrop of Saradha scam in W...

Dikshit attacks Lokayukta, challenges jurisdiction


Sheila Dikshit met President in connection with the Lokayukta indicting her for alleged misuse of pu...

MFs say investments won't be hit by gold loan ban against ETFs


RBI's decision to ban banks and NBFCs (Non-bank financial companies) from extending loans against go...

P-Notes investment rises to $28 bn in April


It was higher than investments of Rs 1.48 lakh crore made in March through this route.

Bihar failed to use central funds for development: Union Minister


Union Minister Jitender Singh on Sunday criticised the Bihar government for allegedly failing to uti...

MFs sell shares worth Rs 11,000 cr in 2013


However, foreign institutional investors (FIIs) continued to bet on the Indian stock market and infu...

Chidambaram to visit Dubai tomorrow to woo investments


With a view to seek foreign investments, Finance Minister P Chidambaram will be visiting Dubai on Su...

Lokayukta indicts Delhi CM for misusing govt funds


The Delhi Lokayukta on Wednesday indicted Chief Minister Sheila Dikshit for misusing government fund...

FM for plugging regulatory gaps in financial sector


Amid outcry over Ponzi schemes causing huge losses to common people, Finance Minister P Chidambaram ...

MFs invest Rs 4.74 lakh cr in FY'13, highest in 12 years


Mutual funds pumped Rs 4.74 lakh crore into the debt market in 2012-13, making it their biggest inve...

India looking to set up feeder fund for IDFs: Chidambaram


India is exploring the possibility of setting up a London-listed 'feeder fund' for Infrastructure De...

Litigation funds eye India business as corporate tussles grow


Amid a rising number of international legal disputes involving entities and businesses in India comi...

NSE sees gold ETF trading worth Rs 691 crore


Trading in gold Exchange Traded Funds (ETFs) jumped nearly 14 percent to Rs 691 crore on the leading...

MFs equity exposure to software cos at over 3-yr high in March


Also, MFs continued to raise their holdings in software companies for the fourth consecutive month i...

Number of MF accounts declined by 36 lakh in 2012-13


The mutual fund industry lost more than 36 lakh investors, measured in terms of individual accounts ...

MFs sell shares worth Rs 23,000 cr in FY13; highest in 12 yrs


Mutual funds sold shares worth nearly Rs 23,000 crore during the last fiscal, 2012-13, making it the...

Chit funds pumped in unrealistic salaries: Bhutia


Former India football captain Bhaichung Bhutia Monday said if only the chit fund scam was unearthed ...

Birla Sun Life MF to step up equity exposure, to expand reach


He further said the company also plans to expand its reach through increasing branch network and dis...

Will publish posters against CPI(M) canards: Mamata


West Bengal CM Mamata Banerjee mocked her predecessor Buddhadeb Bhattacharjee`s comment that the for...

`Don`t confuse `Ponzi schemes` with chit funds`


Against the backdrop of alleged chit fund scam in West Bengal, All India Association of Chit Funds r...

New bill on chit funds by WB govt sparks off debate


With the Mamata Banerjee regime readying to crack the whip on the chit funds by bringing a new bill,...

No service tax can be levied on chit business: Delhi HC


The Delhi High Court has quashed the Centre's notification to levy service tax on chit-fund business...

SEBI allows 47 alternative funds to operate in India


Market regulator SEBI has allowed 47 entities to set up AIFs - newly created class of pooled-in inve...

Pilot writes to state CMs for police action in fraud schemes


The Centre has written to state CMs for vigorous police action against erring entities.

Investors of chit fund protest, WB govt promises strong steps


Widespread protests by investors were reported from North and South 24 Parganas, Howrah, Hooghly and...

PE funds consortium in talks to acquire Reliance Globalcom


Reliance Globalcom is a unit of Reliance Communications and owns undersea cable firm Flag Telecom.

PFRDA tightens investment guidelines for private sector NPS


Besides, the pension regulator has asked these fund managers to restrict their single industry expos...

IDFs can extend schemes' tenure by up to 2-year: Sebi


The IDFs, which can be set up like mutual funds, can also invest funds collected for their schemes i...

'Gold ETFs to face redemption pressure if price keeps falling'


Amid liquidation of gold Exchange Traded Funds (ETF) in the global markets due to the ongoing fall i...

BNP Paribas MF launches new fund


BNP Paribas Mutual Fund Monday said it has launched a capital protection-oriented fund-series I, mai...

Haryana seeks Central funds to set up all women IRB


In a bid to curb violence against women, Haryana is planning to set up an all women India Reserve Ba...

Jharkhand requests funds for modernising police force


Jharkhand on Monday made a pitch for additional grants for modernising its police force and speciali...

MFs witness record Rs 1.85 tn net inflow in 11 months of FY13


In a possible record-setting year in terms of money invested in mutual funds, all the fund houses to...

IDFC Mutual Fund collects over Rs 240 cr through equity NFO


IDFC Mutual Fund has garnered over Rs 240 crore through its new fund offer despite sluggish stock ma...

MFs offload shares worth over Rs 21,000 cr in 2012-13


Mutual funds offloaded shares worth over Rs 21,000 crore during the first 11 months of fiscal 2012-1...

MF industry AUM rises by Rs 1.5 lakh cr in 2012-13


Improved market sentiments helped mutual funds' assets under management (AUM) soar by over Rs 1.5 la...

Mutual funds betting 'dangerously' high on banks: Assocham


Mutual funds investment in the banks stock at the end of February stood at Rs 36,812 crore, which wa...

FIIs pump in record Rs 1.4 lakh cr in Indian equities in FY'13


Foreign Institutional Investors have poured in a record Rs 1.4 lakh crore (USD 26 billion) in the In...