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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.

Burned by oil, some US fund managers still bet on rebound

Mutual fund managers who believed the slump in oil prices would be short-lived have been taking it on the chin, but some are not giving up, betting that the market will bounce back and they will have the last laugh.

MF exposure to software stocks hits all-time high in July

Mutual Fund managers seem to be bullish on software shares as they raised their allocation in the sector to an all time-high of over Rs 38,000 crore in July due to depreciation in rupee.

Equity MFs folio count up 11 lakh in Apr-July

Equity mutual funds witnessed an addition of over 11 lakh investor accounts or folios in the first four months of the current fiscal (2015-16), primarily on the back of strong retail participation.

Foreign liabilities of MFs rise to Rs 566 bn in 2014-15: RBI

Foreign liabilities of mutual fund companies in India increased by Rs 155.4 billion during 2014-15 to Rs 565.9 billion (USD 9 billion), says a RBI survey.

MF distributors income jumps 84% to Rs 4,729 cr in FY'15

Mutual fund distributors clocked a staggering income of Rs 4,729 crore in 2014-15, a surge of 84 percent from the preceding financial year, mainly on account of sharp rally in market and robust inflows in equity schemes.

UTI MF crosses Rs 1-trillion mark; eyes leadership slots

UTI Mutual Fund, the country's oldest fund house, has attained an asset base of over Rs one lakh crore with about one crore investor accounts and is now targetting leadership positions across various segments.

Tata Mutual Fund renames, restructures existing scheme

Tata Mutual Fund has restructured its already existing monthly income fund with added features and renamed it as Regular Savings Equity Fund.