MFs asset drops 3.55% in December to Rs 7.78 lakh cr

The average assets under management
of the country`s mutual fund industry dropped to Rs 7.78 lakh
crore at the end of December, much below the Rs eight-lakh
crore mark it had scaled in the previous month.

Sebi bid to plug MF route terror funding

To track terror funding, market
regulator Sebi on Friday asked mutual fund distributors to ensure
that they have all the records of their customers.

RBI asks banks to disclose commission from MF, insurers

To lend transparency, the Reserve Bank on Monday directed banks to disclose the commission it received from mutual funds and insurers for referring their products to customers.

MFs set to deploy Rs 13,957 cr in the market

Mutual funds are sitting on a
whopping Rs 13,957.4-crore of cash, which is waiting to be
deployed in the market, a mutual fund analyst said.

MFs see outflow of Rs 1.44 lakh cr in Sept

After witnessing heavy inflows in
July and August, mutual funds lost favour last month as
investors pulled out over Rs 1.44 lakh crore, the highest
monthly outflow so far this fiscal.

Axis AMC gets SEBI nod to launch mutual fund business

Axis AMC, a wholly-owned subsidiary of Axis Bank Ltd,
on Sunday announced that it has received the final regulatory
approval from the Securities & Exchange Board of India to
launch its mutual fund business in the country.

Mutual funds gear up for zero entry load from Aug 1

Investors will no longer be charged
a 2.25 percent distribution commission up front by mutual
funds beginning tomorrow following a Sebi directive.