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High upfront commissions ranging from 5-6% to distributors for selling close-ended schemes have been main reason for the inflows into this category.
The Securities and Exchange Board of India (Sebi), in February, hiked the minimum net worth requirement for mutual funds to Rs 50 crore from Rs 10 crore.
While one of the proposed ETFs is a banking index one, the other would be a BSE-100 based fund. The timing for launch would depend on the marketing condition, he said.
On the heels of it losing a similar case against Vodafone, the IT department lost its Rs 18K-crore transfer pricing cases against oil major Shell India at the Bombay HC, which today quashed the
Income Tax department has restructured its cadre in Bihar and Jharkhand under which a new post of Principal Chief Commissioner has been created.
The scheme aims to provide long term capital growth by investing in a well-diversified portfolio of equity and equity related securities across m-cap and sectors.
Govt has withdrawn benefit of 10% tax without indexation on long-term capital gains from debt mutual funds & has extended holding period to 36 months.
Govt has withdrawn benefit of 10% tax without indexation on long-term capital gains from debt mutual funds & has extended holding period to 36 months.
The surge in inflows and improved valuations have taken the total assets under management (AUM) for the 45 fund houses to nearly Rs 11 lakh crore.
Among others, MFs have an exposure of Rs 21,845 crore in pharma space, followed by auto (Rs 20,282 crore) and finance (Rs 17,843 crore).
Mutual funds find banks, cap goods red-hot  (15 November 06:47 am) 
Top six mutual fund houses such as HDFC AMC, ICICI Pru AMC, Reliance MF, Birla Sun Life AMC, UTI AMC and SBI Funds Management, which together hold over 60% market share.
Canara Robeco India Opportunities Fund is a close-ended equity scheme and the performance of the scheme would be benchmarked against the CNX Midcap Index.
The MF industry\'s assets under management (AUM) crossed Rs 1,07,000 crore from retail investors living in places beyond the top 15 cities as on October 31.
The MF industry\'s assets under management (AUM) crossed Rs 1,07,000 crore from retail investors living in places beyond the top 15 cities as on October 31.
Earlier, the government has raised the factory gate tax by 1.50 rupees a litre each for the two fuels.
Earlier, the government has raised the factory gate tax by Rs 1.50 a litre each for the two fuels.
Earlier, the government has raised the factory gate tax by Rs 1.50 a litre each for the two fuels.
As per the latest data compiled by market regulator Sebi, the net investment by MFs in the debt market during October stood at Rs 31,917 crore.
Sundaram Mutual said it will be launching five new fund offers (NFOs) under its World Brand series of scheme over the next one year.
Mutual fund managers raised their exposure in bank stocks to an all-time high of nearly Rs 63,000 crore in October this year amid a rally in the stock market.
The commissioner of income tax had not accepted the assessing officer’s decision disallowing to record the fee as business expense.
The commissioner of income tax had not accepted the assessing officer’s decision disallowing to record the fee as business expense.
The commissioner of income tax had not accepted the assessing officer’s decision disallowing to record the fee as business expense.
Investors had poured in Rs 1 lakh crore and Rs 1.13 lakh crore, respectively, in MF schemes in August and July. Prior to that, there was an outflow of Rs 59,726 crore in June.
They are doing this by asking clients to sign an additional form agreeing to shift the proceeds of the close ended fund.