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Mutual funds' average assets cross Rs 9 trillion mark

Last Updated: Friday, April 04, 2014, 14:38

The country's 44 fund houses together garnered an average AUM (Asset Under Management) of Rs 9.04 lakh crore during the January-March quarter of 2013-14.

Sebi disclosure norms for mutual funds effective from today

Last Updated: Tuesday, April 01, 2014, 16:24

Mutual fund houses now require to make monthly disclosures about assets managed by them as well as explain the rationale behind exercising their voting rights in firms, as part of stronger Sebi norms effective from Tuesday.

Tax exemption for securitisation trusts to boost MFs

Last Updated: Thursday, March 07, 2013, 20:39

With the Budget provisions to exempt securitisation trusts from taxation, mutual fund houses are likely to enter into securitisation deals after staying away from it since last year, say industry experts.

Mutual fund asset base rise by Rs two-trillion in 2012

Last Updated: Friday, December 28, 2012, 13:44

After two consecutive years of plunge, the mutual fund industry managed to register a smart turnover in 2012, with its assets base seen nearing Rs 8 trillion with an increase of about Rs two trillion this year.

SBI, L&T Mutual Funds to discontinue 19 schemes

Last Updated: Thursday, October 11, 2012, 16:25

The move follows new Sebi regulations, which require fund houses to launch only one plan per scheme with effect from this month.

Fund houses welcome SEBI move on under-performing schemes

Last Updated: Thursday, June 21, 2012, 23:03

Mutual fund houses have welcomed market regulator SEBI's decision to quiz heads of the fund houses for non-performance saying it will increase their accountability.

MFs to make more disclosures in scheme documents

Last Updated: Monday, August 01, 2011, 19:25

Market regulator Sebi on Monday asked mutual fund houses to disclose the list of sectors in which they will not invest the corpus, in debt schemes, a move which will help investors take a conscious decision before investment.