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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.

Investors pump in Rs 54,000 cr in mutual fund schemes in FY14

Investors pump in Rs 54,000 cr in mutual fund schemes in FY14

Last Updated: Wednesday, July 09, 2014, 19:41

Investors pumped in nearly Rs 54,000 crore in various mutual fund schemes in 2013-14, 23 percent lower than the amount infused by them in the preceding fiscal, the Economic Survey said Wednesday.

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.

Mutual Funds' exposure to IT stocks hit 9-months low in May

Last Updated: Monday, June 30, 2014, 15:11

Fund managers' exposure to the software space has dropped to the lowest level in nine months to Rs 22,986 crore at the end of May, amid weakness in the sector.

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.

Sebi probe continues in HDFC Mutual Fund front-running case

Last Updated: Thursday, May 29, 2014, 20:56

A seven-year-old case of front running has come back to haunt HDFC Asset Management Company, which runs the country's top fund house HDFC MF, with regulator Sebi seeking explanation on alleged violations of various capital market regulations.

SBI Mutual launches dual advantage close ended debt scheme

Last Updated: Thursday, May 29, 2014, 20:11

SBI Mutual Fund on Thursday launched SBI Dual Advantage Fund ? Series III, a 36-month close-ended debt-oriented hybrid scheme.

HDFC MF begins process of merging Morgan Stanley MF schemes

Last Updated: Wednesday, May 28, 2014, 19:38

Taking forward its deal to acquire the assets of Morgan Stanley Mutual Fund in India, HDFC Mutual Fund has begun the process of merging the schemes of smaller rival with itself.

RIL doubles exposure to Anil-led group MFs; parks Rs 1,290 cr

Last Updated: Sunday, May 25, 2014, 13:05

Sitting on a huge cash pile, Mukesh Ambani-ledhas parked close to Rs 1,300 crore in mutual funds of younger sibling Anil-led as part of its investment portfolio.

Investors pump in over Rs 1 lakh cr in MF schemes in April

Last Updated: Wednesday, May 21, 2014, 15:49

The funds mobilisation in April came after a net outflow of Rs 1.09 lakh crore in the preceding month.

IDBI MF appoints Satya Narayan Baheti as CEO

Last Updated: Monday, May 19, 2014, 17:12

IDBI Mutual Fund, the subsidiary of IDBI Bank, has appointed Satya Narayan Baheti as managing director and chief executive officer of the asset management company.

Average maturity of debt funds declines in Q4: Report

Last Updated: Thursday, May 08, 2014, 20:43

The report also said that consistent decline in average maturity period indicates fund managers' belief of no reduction in interest rates in the near-term.