Last Updated: Monday, July 28, 2014, 17:27
HDFC Mutual Fund has bought more than 85 lakh shares in Gammon India for Rs 23.35 crore taking its holding in the infrastructure firm to 6.31 per cent.
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.
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.
Last Updated: Friday, July 25, 2014, 15:29
He also increased the long-term capital gains tax rate on debt-linked mutual funds to 20 percent from 10 percent.
Last Updated: Friday, July 25, 2014, 15:13
The Lok Sabha later passed the Finance Bill, 2014 completing the budgetary exercise in the Lower House.
Last Updated: Friday, July 25, 2014, 12:56
Jaitley said that higher tax on debt mutual funds will apply prospectively from July 10.
Last Updated: Thursday, July 24, 2014, 16:16
The government will not retrospectively tax debt fund investors, as per Zee news sources.
Last Updated: Thursday, July 17, 2014, 15:03
According to latest data available with Association of Mutual Funds in India (AMFI), the total income earned by 329 distributors stood at Rs 2,572 crore.
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.
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.
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.
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.
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