On the face of it, the global recession has not hurt the Indian mutual fund industry in any way. Between October 2008 and 2009, the average assets under management (AAUM) of the industry has risen from Rs 4.31 lakh crore to Rs 7.62 lakh crore - a whopping 76.80 per cent. But the real story lies elsewhere. It was also a year when the market regulator, the Securities and Exchange Board of India (Sebi), increased its vigil on the industry. More
Identifying long-term bets is a function of capturing an opportunity and riding the growth wave that follows, says IDFC AMC's head of investments, Kenneth Andrade.
At a time when the equity markets saw some of the most volatile periods in recent times, IDFC Mutual Fund's Small & Mid Cap Fund was a star performer notching returns of 66.1 per cent over the 12 months to September 30, 2009. This means that if you had parked Rs 100,000 with the fund at the beginning of the last quarter of 2008, the value of your investments would be Rs 166,100 as on September 30. More
LIC MF's Ashish Kumar believes that team effort and sound investment strategy helped the fund deliver superlative returns.
The collapse of some of the most venerable names on Wall Street last year and the drying up of liquidity were challenging times for mutual funds the world over. Increasing risk aversion due to uncertain conditions led to redemptions and posed severe problems on liquidity management for debt funds. More
This listing gives you information on the performance of about 600 mutual fund schemes. Returns (adjusted for payouts where applicable) and NAV are for the period ended September 30, 2009. Data has been sourced from www.mutualfundsindia.com.
The fund ranking is done separately for the various categories and not across categories. The Fund Managers of the year have been selected based on risk adjusted returns. This is arrived at by estimating the return per unit of risk for the schemes for the last one year. More
Sebi has come down heavily on new fund offers by mutual funds. Reason: Fund houses are launching NFOs which are similar to their existing products. In other words, Sebi perceives NFOs of existing fund houses as old wine in new bottle.
Fund houses feel there isnt much scope to launch NFOs. Many say it does not make a difference whether one invests in an NFO or an existing fund. Because if both rise or fall by 10 per cent, the returns or decline would be the same. Sebi feels that such mis-selling is hurting the investors. More
Last month-end, the Reserve Bank of India (RBI) made clear its concerns regarding the risks emerging from the huge investments banks make in the debt and liquid schemes of mutual funds.
Although RBI has not put a curb on such investments, it has asked banks to take up the issue with their respective boards. Also, while RBI has not set any time limit, it has left it to banks to formulate a policy for governing such investments.
More
Jury
A four member jury, headed by Ravi Narain, managing director and CEO, National Stock Exchange and comprising Pradip Shah, chairman, IndAsia Fund Advisors, Joydeep Sengupta, managing director, McKinsey & Company and Nainesh Jaisingh, managing director, Standard Chartered Private Equity Advisory(India), met to pick the winners of the Business Standard Fund Managers of the Year. More
Cover Story
On the face of it, the global recession has not hurt the Indian mutual fund industry in any way. Between October 2008 and 2009, the average assets under management (AAUM) of the industry has risen from Rs 4.31 lakh crore to Rs 7.62 lakh crore - a whopping 76.80 per cent. But the real story lies elsewhere. It was also a year when the market regulator, the Securities and Exchange Board of India (Sebi), increased its vigil on the industry. 
Identifying long-term bets is a function of capturing an opportunity and riding the growth wave that follows, says IDFC AMC's head of investments, Kenneth Andrade.
LIC MF's Ashish Kumar believes that team effort and sound investment strategy helped the fund deliver superlative returns.
This listing gives you information on the performance of about 600 mutual fund schemes. Returns (adjusted for payouts where applicable) and NAV are for the period ended September 30, 2009. Data has been sourced from www.mutualfundsindia.com.
Sebi has come down heavily on new fund offers by mutual funds. Reason: Fund houses are launching NFOs which are similar to their existing products. In other words, Sebi perceives NFOs of existing fund houses as old wine in new bottle. 
Last month-end, the Reserve Bank of India (RBI) made clear its concerns regarding the risks emerging from the huge investments banks make in the debt and liquid schemes of mutual funds.
A four member jury, headed by Ravi Narain, managing director and CEO, National Stock Exchange and comprising Pradip Shah, chairman, IndAsia Fund Advisors, Joydeep Sengupta, managing director, McKinsey & Company and Nainesh Jaisingh, managing director, Standard Chartered Private Equity Advisory(India), met to pick the winners of the Business Standard Fund Managers of the Year. 
