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HDFC Mutual Fund compensates investors of front-running losses

HDFC Mutual Fund compensates investors of front-running losses

Nearly nine years after a major front-running case at HDFC Mutual Fund, the leading fund house has begun compensating those investors who had suffered losses due to the manipulative activity of its then equities dealer

HDFC MF sells 3.15% in Zee Media for Rs 26 cr

HDFC Mutual Fund has sold 3.15 per cent stake in media and entertainment firm Zee Media Corporation for over Rs 26 crore.

HDFC MF sells 2.01% stake in Procter & Gamble for Rs 429 cr

HDFC Mutual Fund has reduced its stake in FMCG firm Procter & Gamble Hygiene & Health Care Ltd (P&G) by 2.01 percent by selling 6.52 lakh shares for Rs 429 crore in the open market.

HDFC MF remains most profitable fund house; Reliance MF 2nd

ICICI Prudential MF, the second largest fund house in terms of assets base, reported a profit after tax of Rs 247 crore, while Birla Sunlife MF posted a PAT of Rs 123 crore.

HDFC Mutual Fund hikes stake in Gammon India to 6.31%

HDFC Mutual Fund has bought more than 85 lakh shares in Gammon India for Rs 23.35 crore taking its holding in the infrastructure firm to 6.31 per cent.

Mutual Fund industry AUM rises by Rs 80,000 cr in Apr-Jun qtr

Improved market sentiments helped mutual funds' assets under management (AUM) soar by Rs 80,000 crore or nine percent to Rs 9.85 lakh crore in the first quarter of the current fiscal.

HDFC MF begins process of merging Morgan Stanley MF schemes

Taking forward its deal to acquire the assets of Morgan Stanley Mutual Fund in India, HDFC Mutual Fund has begun the process of merging the schemes of smaller rival with itself.

Fundamentals improving; at least 5.5% growth next year: HDFC MF

Country's largest asset management company HDFC Mutual Fund is optimistic of India's growth prospects going forward as it sees most fundamentals improving, a top company official said.

HDFC MF acquires Morgan Stanley schemes worth Rs 3,290 cr

HDFC Mutual Fund Monday acquired its smaller rival Morgan Stanley Mutual Fund running a total of eight schemes with assets worth Rs 3,290 crore, in a major consolidation exercise in the highly-dispersed sector.

HDFC MF pips Reliance MF as most profitable fund house

HDFC Mutual Fund has emerged as the most profitable fund house in 2012-13 with a profit after tax (PAT) of Rs 319 crore, amid weak equity markets, pushing rival Reliance Mutual Fund to the second slot.

SEBI settles charges against Sanghvi in front-running case

Regulator SEBI has disposed of a case against Sanjay Sanghvi, after he agreed to pay Rs 15 lakh and take a 3-year voluntary debarment from the market to settle charges of fraudulent and unfair trade practices in the alleged front running in shares traded by HDFC Mutual Fund.

HDFC Mutual Fund launches Gold Fund

Country's largest fund house HDFC Mutual Fund on Friday launched HDFC Gold Fund, which will enable investors to put money systematically in gold.

HDFC MF overtakes Reliance MF to become largest fund house

HDFC Mutual Fund with an average asset base of Rs 91,827.11 crore has overtaken Reliance MF to become the country's largest asset management company.

Reliance MF pips HDFC MF on profits; slips on assets

Reliance Mutual Fund has overtaken rival HDFC MF in terms of full-year profits, but has slipped below the latter to the second position in terms of their latest assets base.