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EPFO: CBT rejects proposal to reduce PF contribution to 10%

EPFO: CBT rejects proposal to reduce PF contribution to 10%

The Central Board of Trustees (CBT) of retirement fund body EPFO on Saturday turned down the proposal to reduce the mandatory contributions from workers and employers to 10 percent.

EPFO Pune meet on May 27, agenda to up equity exposure to 15%

Retirement savings manager EPFO will take up the matter of stepping up its investment in the stock market to up to 15 percent at its next meeting in Pune on Saturday.

Financial sector readies for IPO rush worth over Rs 20,000 crore

The IPO market is heading for a heavy rush with a number of high-profile names including UTI Mutual Fund and SBI Life expected to launch their initial public offers amounting to Rs 20,000 crore in coming months.

UTI launches new plan for elderly

UTI launches new plan for elderly

Country's sixth largest fund house UTI Mutual Fund is aiming to double its assets under management (AUM) for each of its two existing schemes through a new facility called UTI Family.

EPFO investments in ETFs to be raised beyond 5%: Labour Minister

EPFO investments in ETFs to be raised beyond 5%: Labour Minister

Union Labour Minister Bandaru Dattatreya today said that EPFO will raise proportion of its investments in exchange traded funds (ETFs) from the present 5 per cent and a final decision on the quantum for current fiscal would be taken very soon.

UTI Mutual Fund looking to cross Rs 1.1 trillion mark by fiscal-end

After having joined the Rs 1 trillion club of fund houses, the Unit Trust of India Mutual Fund (UTI MF) is now looking to cross the mark of Rs 1.1 trillion by the fiscal-end.

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.

UTI truly independent, IPO to strengthen this character: Puri

The country's oldest fund house, which manages assets worth over USD 15 billion, is planning to launch an Initial Public Offer (IPO) and would be the country's first asset management company to go public.

UTI mutual fund to raise $300 million in Dublin next month

UTI mutual fund has already raised USD 300 million through a similar fund.

UTI MF's focussed equity fund garners more than Rs 770 crore

UTI Mutual Fund on Friday said its 'Focussed Equity Fund - Series I' closed with an overwhelming response and garnered more than Rs 770 crore.

FinMin to give in-principle approval for UTI MF IPO soon

Country oldest fund house UTI Mutual Fund may revive its initial public offer (IPO) plan after Finance Ministry's nod which is expected soon.

UTI Mutual Fund aims Rs 500 cr via new equity fund scheme

UTI Mutual Fund targets to raise about Rs 500 crore from its new close ended equity fund product that will open for subscription on August 13.

Leo Puri takes charge of UTI Mutual Fund

His appointment was cleared by the company's board on July 3 this year.

After 28 months, UTI finally gets MD in Leo Puri

Leo Puri on Wednesday became the first non-IAS officer to lead UTI Mutual Fund, which has been headless since February 2011 after then chief U K Sinha moved out to head SEBI.

'Fiscal deficit, legislative push to reforms to drive mkt'

Fiscal deficit and legislative approvals to the recent reform measures announced by the government will be the key factors to drive the future movement of the market, a top official of UTI Mutual Fund said here Monday.

UTI MF decides on fresh search for full-time chief

UTI Asset Management Company, which runs one of the leading mutual funds of the country, has decided to begin a fresh search process for its full-time chief -- a position lying vacant for over 20 months now.

UTI CMO Jaideep Bhattacharya resigns

Amid declining market share and uncertainty over appointment of a full-time Chairman, UTI Mutual Fund's Chief Marketing Officer Jaideep Bhattacharya has quit the fund house.

UTI Opportunities Fund declares tax-free dividend of 9%

UTI Mutual Fund on Tuesday declared tax-free dividend of 9 percent for its scheme UTI Opportunities Fund.