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Funds welcome Sebi move on corporate bond settlement22-OCT-09
The domestic mutual fund industry has appreciated the Security and Exchange Board of India’s (Sebi’s) move on clearing and settlement of trades in corporate bonds through clearing corporations. Fund houses believe the step will bring transparency in the bond market and enhance liquidity.
MFs' assets rise 0.93% in September03-OCT-09
Average assets under management (AAUM) of the mutual fund industry grew 0.93 per cent in September to Rs 7,42,919.67 crore, the slowest growth in the last few months.
'We are always open to takeovers at right price'24-SEP-09
The domestic mutual fund industry, which is undergoing major changes in the way it does business after the market regulator tightened norms on entry load for equity schemes, is expanding across the country. NIMESH SHAH, managing director & CEO of ICICI Prudential Asset Management Company, the country's third-largest fund house, tells Chandan Kishore Kant that he is bullish on the Indian market.
Equity funds valuation up by Rs 80,000 crore in 5 months21-SEP-09
Encouraged by the V-shape recovery in the market value of equity portfolio, the mutual fund industry has started rewarding investors with dividends.
Fund houses gear up to make the most of interest rate futures09-SEP-09
A week after the National Stock Exchange (NSE) launched interest rate futures (IRF) on August 31, the domestic mutual fund industry is all set to make the most of this new instrument. The industry is planning to either come up with new schemes, or use IRF in their existing schemes.
Rupee to strengthen in coming days: ICICI Prudential07-SEP-09
The rupee is expected to appreciate in the near future, a leading mutual fund industry official said.
Mutual fund AUM crosses Rs 7 lakh cr in July14-AUG-09
The mutual fund industry's assets under management (AUM) touched a new peak at the end of July, crossing the Rs seven lakh crore mark for the first time ever.
MF assets may grow 29% annually till 2014: Report14-AUG-09
The country’s burgeoning mutual fund industry is expected to see its assets growing by 29 per cent annually in the next five years, with high household savings rate and low retail penetration attracting foreign asset managers, a report has said.
Mutual Fund assets may grow 29% annually in next 5 yrs13-AUG-09
The country's burgeoning mutual fund industry is expected to see its assets growing by 29 per cent annually in the next five years, with high household savings rate and low retail penetration attracting foreign asset managers, a report has said.
MFs, distributors at wits end over commission disclosures01-AUG-09
Industry confused as ban on entry load takes effect from today.
MF assets grow 5% at Rs 7 lakh cr in Jun; Rel MF biggest gainer02-JUL-09
The mutual fund industry witnessed five per cent increase in its average assets under management at Rs 6.70 lakh crore at the end of June, with Reliance MF alone gaining over Rs 5,000 crore.
Entry of global mutual fund cos hit due to low profitability22-JUN-09
Rising cost pressure and fall in profitability in the Indian mutual fund industry has hit the entry plans of global players in the country, a CII-KPMG report said.
MF industry's assets cross Rs 6 lakh cr mark in May02-JUN-09
The mutual fund industry crossed a record Rs 6 lakh crore-mark in assets in May, with the country's largest fund house, Reliance MF, alone accounting for over Rs 1 lakh crore.
Change reaction01-FEB-09
Some fund houses have modified the terms of Their schemes.
Mutual funds break 3-month jinx02-JAN-09
Average assets under management up 4.6% in December.
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