No third-party cheques for mutual fund investments

Next time you are investing in mutual funds, make sure you issue a cheque from your own bank account, as fund houses will soon start rejecting third-party payments.

Mutual Fund assets dip 4% in January

The country`s mutual fund industry
witnessed a decline in the average assets under management, for the second month in a row, to Rs 7.61 lakh crore in

Karvy, CAMS launch online MF transaction platform FINNET

Registrar and transfer agents Karvy Computer share and Computer Age Management Services (CAMS) have launched a web-based platform `FINNET` to help mutual fund distributors provide services in a cost-effective manner.

Peerless gets SEBI’s nod to launch its mutual fund business

Peerless Funds Management Company Limited (PFMCL today announced that it has received the final regulatory approval from the SEBI to launch its Mutual Fund business in the country.

MF industry assets hit all time high of Rs 8 lakh cr

The assets under management of mutual funds in the country have increased to Rs eight lakh crore at the end of November, mainly propelled by bulk inflow
into debt schemes.

Mutual funds to be traded on stock exchanges

There is some good news for those
who wish to invest in mutual funds but are in two minds for
putting their hands in the product through fund managers.

Brokers can sell mutual fund products

In a move to expand the reach of
mutual fund products, market regulator SEBI on Friday allowed
stock brokers to sell them in accordance with the prescribed

SBI MF becomes highest gainer, adds Rs 3,400 cr in October

SBI Mutual Fund emerged as the highest gainer in terms of monthly accretion with assets growing by about Rs 3,400 crore during October.

MF industry assets hit record high of Rs 7.62 lk cr

Assets of the mutual fund industry
have touched an all time high of Rs 7.62 lakh crore.

Investors put Rs 32,600 cr in MFs in August

Investments in mutual funds slumped substantially in August, with the industry witnessing a net fund inflow of over Rs 32,600 crore, a 74 percent decline on a month-on-month basis.

MFs see 9% growth in assets; AUM breach Rs 7 lakh cr-mark

The mutual fund industry`s breached Rs seven lakh crore-mark in assets in August, with the country`s largest fund house Reliance MF maintaining its top position with an average AUM of over Rs 1.17 lakh crore.

AMFI has finalized design on separate MF platform: SEBI

Market regulator SEBI on Friday said the Association of Mutual Funds in India has finalised a design on a separate common platform for mutual funds.

Reliance MF most successful fund house: Crisil Fund Services

Driven by strong performance, Reliance Mutual Fund has emerged as the most successful fund house in the country for the quarter ended June 2009, according to Crisil Fund Services.

Mutual Fund assets may grow 29% annually in next 5 yrs

The country`s burgeoning mutual fund industry is expected to see its assets growing by 29 per cent annually in the next five years, a report has said.

ICICI Pru to tap Tier II towns, MFs give more return over 5-yr

Claiming equity-based mutual funds give an average 15 percent return on investment over a five-year period, ICICI Prudential Mutual Fund said that it plans to tap rural and Tier II cities going forward.