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HDFC, ICICI, Prudential among top 3 fund houses, says report

HDFC, ICICI, Prudential among top 3 fund houses, says report

Last Updated: Tuesday, August 19, 2014, 20:31

Top three positions continue to be captured by the same three fund houses namely HDFC, ICICI Prudential Asset Management Company and Franklin Templeton during the past three years, according to the third Annual Wealth Forum Advisor Confidence Survey report.

Govt concessions to debt funds a partial relief: MF industry

Last Updated: Friday, July 25, 2014, 18:06

Mutual Fund industry on Friday termed as 'partial relief' the government's decision to exempt debt mutual funds sold between April 1 and July 10 this year from an increased tax rate.

Marginal relief to MFs; new tax rate effective from Jul 10

Last Updated: Friday, July 25, 2014, 17:34

In a small relief to the mutual fund industry, Finance Minister Arun Jaitley on Friday announced that the increased tax rate of 20 percent on debt MFs will not apply on units sold between April 1 and July 10.

Mutual Fund industry says Budget a mixed bag

Last Updated: Friday, July 11, 2014, 13:42

The mutual fund industry on Thursday welcomed the Budget proposal to increase the tax exemption limit under section 80C of the Income Tax Act to Rs 1.5 lakh, but said other measures were a mixed bag.

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

Last Updated: Wednesday, July 02, 2014, 14:14

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.

MFs' AUM touches record-high of Rs 10 lakh crore in May

Last Updated: Thursday, June 05, 2014, 19:21

Industry experts attributed the rise in AUM to a significant level of fund mobilisation as well as a sharp rally in equity markets.

Indian MFs gear up to comply with FATCA

Last Updated: Thursday, May 01, 2014, 18:44

Indian mutual fund industry is gearing up to comply with the Foreign Account Tax Compliance Act (FATCA), a move that will help in combating possible tax evasion by Americans through Indian financial entities.

MFs' exposure to IT stocks falls to Rs 24,315 crore in March

Last Updated: Tuesday, April 22, 2014, 16:42

Mutual fund managers' exposure to the software sector has dropped to Rs 24,315 crore in March, after touching a record high in the preceding month, primarily on account of investors' concerns over the impact of appreciating rupee on exporters.

ICICI Pru MF joins Rs 1-trillion club; HDFC retains top slot

Last Updated: Wednesday, April 02, 2014, 13:56

The total asset base of the entire mutual fund industry grew by over Rs 40,000 crore during the last fiscal to about Rs 8.6 lakh crore at the end of the financial year 2013-14.

Sebi says hike in net worth required for MF spread, no rethink

Last Updated: Thursday, March 06, 2014, 20:12

Defending its decision to raise net worth requirement for asset management companies, whole time member of Sebi, S Raman on Thursday said high net worth is essential for better penetration of mutual fund industry as players need financial muscle to support growth.

Mutual fund asset base can grow to Rs 20 lakh crore: Sebi

Last Updated: Wednesday, February 19, 2014, 14:51

Market regulator Sebi expects its new long-term policy for mutual funds to help their total asset base grow to Rs 20 lakh crore within five years, from about Rs 9 lakh crore currently.

Mutual fund accounts drop by over 29 lakh in Apr-Jan

Last Updated: Sunday, February 16, 2014, 10:52

Mutual fund industry has lost an estimated over 29 lakh investors, measured in terms of individual accounts or folios, in the first 10 months of the current fiscal, mainly due to profit-booking and various merger schemes.