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India exempts debt mutual funds from new tax for a short period

Last Updated: Friday, July 25, 2014, 15:29

He also increased the long-term capital gains tax rate on debt-linked mutual funds to 20 percent from 10 percent.

No retro tax on debt Mutual Fund: Arun Jaitley

Last Updated: Friday, July 25, 2014, 12:56

Jaitley said that higher tax on debt mutual funds will apply prospectively from July 10.

Government to not retrospectively tax debt fund investors

Last Updated: Thursday, July 24, 2014, 16:16

The government will not retrospectively tax debt fund investors, as per Zee news sources.

Investor complaints against MF drop by 40%

Last Updated: Tuesday, June 03, 2014, 17:14

Mutual funds received close to 40,000 complaints from investors in 2013-14, down 40 percent from the preceding financial year.

Religare Invesco MF launches new fund of funds scheme

Last Updated: Tuesday, April 15, 2014, 15:29

Religare Invesco Mutual Fund on Tuesday launched a new open-ended fund of funds scheme 'Religare Invesco Global Equity Fund'.

MFs' exposure to bank stocks hit 14-month high at Rs 40,293 cr

Last Updated: Sunday, April 13, 2014, 15:12

This was the highest level since January 2013, when fund managers had shored up their investment in banking shares to Rs 42,760 crore. This was also the second consecutive monthly rise in exposure.

MFs see redemption of Rs 1.09 lakh cr in March

Last Updated: Thursday, April 10, 2014, 19:12

Mutual funds witnessed huge redemption of Rs 1.09 lakh crore by investors in March, making it the highest monthly outflow in three years.

MF accounts drop by over 24 lakh during Apr-Nov

Last Updated: Wednesday, January 01, 2014, 13:48

Mutual fund industry has lost an estimated over 24 lakh investors, measured in terms of individual accounts or folios, in the first eight months of the current fiscal.

'Direct plans likely to bring down costs for MF investors'

Last Updated: Sunday, December 09, 2012, 18:08

"The move to implement direct plans will help in reduction in total expense ratio under a scheme by around 60-70 basis points," Quantum Mutual Fund Chief Executive Jimmy A Patel said.