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MFs' exposure to bank stocks hit record Rs 1.2 L cr in February end

MFs' exposure to bank stocks hit record Rs 1.2 L cr in February end

Mutual Fund managers seem to be bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.2 lakh crore at the end of February, primarily on account of cheaper valuations.

Mutual funds invest Rs 27,000 cr in debt market in January

Mutual funds invest Rs 27,000 cr in debt market in January

Mutual fund managers have pumped in over Rs 27,000 crore in debt market so far this month, primarily on account of participation from corporate and retail investors.

Mutual Funds  add Rs 4-trillion to kitty in 2016, eyes Rs 20-trillion mark in 2017

Mutual Funds add Rs 4-trillion to kitty in 2016, eyes Rs 20-trillion mark in 2017

Helped by growing interest from retail investors and aggressive buying of stocks, mutual fund industry grew at a rapid pace in 2016 with addition of almost Rs 4 lakh crore, or 28 percent, to its asset base and is looking to cross Rs 20-trillion mark in the new year.

LIC MF inks mutual fund distribution pact with Karnataka Bank

LIC MF inks mutual fund distribution pact with Karnataka Bank

LIC Mutual Fund Asset Management Company said it has tied up with Karnataka Bank for distribution of its mutual fund products through over 730 branches of the bank.

India has among the lowest MF:GDP ratios globally: Report

India has among the lowest MF:GDP ratios globally: Report

India has among the lowest mutual fund investments to GDP ratios in the world at 7 percent, offering a vast untapped opportunity for MF houses, which can leverage technology to enhance reach, a report said Tuesday.

 

MF exposure to bank stocks hits record high of Rs 1 lakh crore

Mutual Fund managers remained bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.05 lakh crore at the end of August.

Reliance Growth Fund touches net asset value of Rs 900

Reliance Growth Fund touches net asset value of Rs 900

Reliance Capital Asset Management's open-ended equity growth scheme, Reliance Growth Fund, has achieved a net asset value (NAV) of Rs 900.

Yes Bank gets Sebi nod for mutual fund, AMC business

Yes Bank gets Sebi nod for mutual fund, AMC business

Private sector lender Yes Bank today said it has received an in-principle approval from the capital markets regulator SEBI to sponsor a mutual fund and to set up an asset management company and a trustee company.

Mutual fund AUM crosses Rs 14 trillion mark in April

Mutual fund AUM crosses Rs 14 trillion mark in April

Helped by buoyant investor sentiment, the asset base of country's mutual fund industry surged to an all-time high of over Rs 14.22 lakh crore at the end of April.

 

MFs' AUM grows 14 pc to Rs 13.53 lakh cr in FY16

MFs' AUM grows 14 pc to Rs 13.53 lakh cr in FY16

 Mutual fund industry's asset base surged 14 per cent last fiscal to Rs 13.53 lakh crore, mainly on account of huge inflows in equity schemes and strong participation from smaller towns.

MFs infuse Rs 75,000-cr in equities in Apr-Feb FY16

MFs infuse Rs 75,000-cr in equities in Apr-Feb FY16

Mutual Fund managers have pumped in a whopping over Rs 75,000 crore into equities in the first eleven months of the current fiscal amid sustained volatility in the stock markets.

MFs see Rs 22.5K-cr inflow in January; total at Rs1.84 lakh crore in FY16

MFs see Rs 22.5K-cr inflow in January; total at Rs1.84 lakh crore in FY16

Investors pumped in over Rs 22,500 crore into various mutual fund (MF) schemes in January, with debt segment contributing the most to the inflow.

Mutual Fund AUM falls for third-straight month in Jan

Mutual Fund AUM falls for third-straight month in Jan

As of January-end, over 40 fund houses in the country together had an average AUM of Rs 12,73,714 crore as against Rs 12,74,835 crore in the preceding month, the latest data of the Association of Mutual Funds in India (AMFI) showed.

Mutual Funds roll out Aadhaar number facility for investors

Mutual Funds roll out Aadhaar number facility for investors

To make it easier for investors to buy or sell mutual fund products, fund houses are offering the facility of investing in such products by using the Aadhaar number.

MFs may disclose individual agent commission in A/c statements

After capping agent commission, mutual fund industry body and front-line regulator AMFI may now ask the fund houses to disclose the individual distributor commission in the account statements sent to investors.

New Year 2016: Five financial resolutions you must make this year

New Year 2016: Five financial resolutions you must make this year

It is very important to take pragmatic decisions so that you have a secure and safe future. Here are five financial promises you should make to yourself this Year.

MF investment in equity markets at Rs 70,000 cr in 2015

Mutual fund houses continued to be bullish on the equity markets in 2015 and purchased shares worth a staggering over Rs 70,000 crore, primarily on account of strong participation from retail investors.

LIC in talks with state-run banks for Nomura stake sale

LIC in talks with state-run banks for Nomura stake sale

Life Insurance Corporation (LIC) has initiated talks with public sector banks to sell the 35 percent stake held by its Japanese partner Nomura in its mutual fund arm, sources at the insurance behemoth said.

Mutual Fund industry AUM slips 5% to Rs 12.55L crore in Aug

The mutual fund industry witnessed a drop of nearly 5 percent in assets under management (AUM) to Rs 12.55 lakh crore in August, mainly on account of fall in inflow into such schemes.

Amtek Exposure: JPMorgan MF restricts redemption in schemes

JP Morgan Mutual Fund has restricted redemptions from two of its debt schemes - Short Term Income Fund and India Treasury Fund -- a move that may severely impact its investors.