MFs to give KYC details of new investors by November 1

Mutual Fund houses will have to mandatorily provide additional KYC informations pertaining to gross annual income and net worth of new investors by November 1, as also their 'beneficial ownership' details.

MF exposure to bank stocks hit record high of Rs 85,000 cr

In comparison, equity fund managers' deployment in banking stocks stood at Rs 55,086 crore in July 2014.

MFs fear large-scale investor exit on yuan devaluation

Mutual funds managing offshore money are fearing a large-scale investor exit in the event of a further depreciation in the rupee, which has been hit hard after a surprise devaluation of Chinese currency yuan last week.

Equity MFs get retail touch, folio count up 9 lakh in June quarter

Folios are numbers designated for individual investor accounts though one investor can have multiple ones.

Mutual funds invest Rs 40,000cr in debt markets durign April-May

This follows a fund infusion of nearly Rs 6 lakh crore in debt market in the last financial year.

Despite muted growth, MFs bullish on global equity funds

"We do believe that principal reason behind international equity funds not picking up currently is the differential tax treatment," JP Morgan Asset Management managing director and chief executive Nandkumar Surti told PTI, adding, "we keep giving representation on the issue to the government seeking a level playing field.

Mutual Funds attract Rs 4,200 cr in May

According to data released by capital market regulator Sebi, MF houses infused a net amount of about Rs 4,177 crore in the stock markets in May this year.

Mutual Funds exposure to bank stocks climbs to Rs 75,000 cr

According to the industry experts, fund managers have raised their allocation to bank stocks expecting a rate cut by the RBI.

NSE extends waiver of processing fee for MF distributors

The move is aimed at leveraging the stock exchange platform, which would eventually help MF distributors

MFs file papers with Sebi for 70 new offerings this year

The documents for these 70 NFOs have been submitted with the Securities and Exchange Board of India since the beginning of this calendar year.

Beginning today, pay more for air travel, MFs, eating out

Business-class air travel, investment in mutual funds and chit funds would become expensive with some of the service tax proposals announced in the Budget coming into effect from today.

Sebi looking into concerns over commission cap in MF industry

Mutual fund industry's apex body AMFI's decision to implement the cap on upfront commission from April has created a rift among large mutual fund (MF) houses and small players.

Mutual funds pump over Rs 33,000 crore in debt markets
Mutual funds pump over Rs 33,000 crore in debt markets

Industry experts attributed the inflows during the month in debt to the new government's intent on introducing economic reforms and improved fundamentals of the domestic economy.

MF exposure to software stocks hits record-high in October

The mutual fund industry is betting big on software companies as its equity exposure to the sector climbed to a fresh all-time high of about Rs 33,000 crore at the end of October.

MFs equity folio count expands by over 7 lakh in Apr-Oct

The investor base reached its peak of 4.11 crore in March 2009, while it was 3.77 crore in March 2008.

SAT allows DLF to redeem Rs 1806 cr of mutual fund investments

In an interim relief against Sebi order, realty giant DLF was on Wednesday allowed by the Securities Appellate Tribunal to redeem mutual funds worth Rs 1,806 crore till next month.

DLF ban: MFs say Sebi should not enforce all its rules on them

The country's largest realtor on October 22 challenged the ban in the Securities Appellate Tribunal and had sought interim relief to redeem MFs worth Rs 2,500 crore.

MFs plan more equity-oriented funds to cash in on market rally

Enthused by the ongoing rally in the stock markets, mutual fund houses are bullish about industry growth driven by equity-oriented funds.

Higher threshold limits to stay for MFs: Sebi

Sebi chief U K Sinha has said minimum Rs 50-crore net worth for mutual funds is necessary to keep away non-serious players and to ensure stability of the financial system.

Mutual Funds buy shares worth Rs 5,000 crore in July

Improved market sentiment helped Mutual Funds pick up shares worth over Rs 5,000 crore in July, making it the highest monthly inflow in six-and-a-half years.