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: Sunday, April 13, 2014, 15:12
This was the highest level since January 2013, when fund managers had shored up their investment in banking shares to Rs 42,760 crore. This was also the second consecutive monthly rise in exposure.
Last Updated: Thursday, April 10, 2014, 19:12
Mutual funds witnessed huge redemption of Rs 1.09 lakh crore by investors in March, making it the highest monthly outflow in three years.
Last Updated: Monday, December 16, 2013, 18:05
Notably, an advisory committee formed to review the net worth requirement for AMCs recently suggested an upward revision in the minimum net-worth required for the mutual fund companies.
Last Updated: Friday, August 23, 2013, 14:38
AMCs would be responsible for the compliance of overseas distributors, in the absence of an Amfi registration, according to a circular issued by Association of Mutual Funds in India.
Last Updated: Sunday, April 14, 2013, 11:14
In a possible record-setting year in terms of money invested in mutual funds, all the fund houses together attracted total net inflows of Rs 1.85 lakh crore in the first 11 months of 2012-13.
Last Updated: Thursday, April 04, 2013, 14:18
Mutual funds offloaded shares worth over Rs 21,000 crore during the first 11 months of fiscal 2012-13, including outflows of Rs 848 crore during the month of February 2013.
Last Updated: Sunday, February 17, 2013, 12:32
Total Assets Under Management (AUM) rose by Rs 66,000 crore or an increase of nine percent in January, compared to Rs 7.59 lakh crore in December 2012.
Last Updated: Tuesday, January 08, 2013, 14:44
Touching the highest level in nearly three years, the assets managed by mutual funds jumped by more than 5 percent to Rs 7.86 lakh crore in the three months ended December 2012.
Last Updated: Friday, December 21, 2012, 23:41
The Association of Mutual Funds in India (AMFI) Friday launched an electronic form of mutual fund common account statements (eCAS).
Last Updated: Tuesday, October 30, 2012, 12:35
The revised registration fees, which mutual fund industry body AMFI (Association of Mutual Funds in India) charges to the MF distributors, would be effective from November 1.
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