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MFs were seen buying interest rate-sensitive stocks in November such as SBI, Axis Bank, PNB, and capital goods stocks like L&T, BHEL.
The CBDT said any admission of unaccounted money should be done only when there is strong and credible evidence and not under pressure.
ICICI Prudential MF and Sundaram MF have already announced close-end funds, while Birla MF is likely to launch an open-end manufacturing fund.
On the proposal to reach Rs 40,000 crore AUM, \"We are very much on track to reach it. We should be able to reach in two-three years.\"
Sundaram Mutual launches tax savings funds  (17 December 11:49 pm) 
Sundaram Mutual launched 2 new tax savings funds that propose to adopt an investor-friendly dividend policy.
The company, which is the fourth largest mutual fund house in the country, has recently completed 20 years and it provides its services to 22 lakh investors.
This is in lieu of cash payments or foreign trips that are usually doled out and is a first for the mutual fund industry, experts said.
Gilt funds invest in government securities and fetch maximum returns in a bond rally when prices of underlying assets rise.
Gilt funds invest in government securities and fetch maximum returns in a bond rally when prices of underlying assets rise.
LIC Nomura MF is set to float India’s first government securities exchange-traded fund (ETF), which would aim to raise Rs 500-1,000 cr.
The form must be submitted to the DP along with a copy of an account statement that holds the investment details of the units sought to be dematerialised.
The form must be submitted to the DP along with a copy of an account statement that holds the investment details of the units sought to be dematerialised.
According to the latest MFIN MicroMeter, 10 largest MFIs in terms of GLP account for 75 per cent of the total industry loan portfolio.
According to the latest MFIN MicroMeter, 10 largest MFIs in terms of GLP account for 75 per cent of the total industry loan portfolio.
The country\'s 45 fund houses together had an average AUM of Rs 10,90,309 crore at the end of November 30, 2014, down from Rs 10,95,653 crore in the preceding month.
The country\'s 45 fund houses together had an average AUM of Rs 10,90,309 crore at the end of November 30, 2014, down from Rs 10,95,653 crore in the preceding month.
UTI Mutual Fund has not been included because its half yearly results are not out. Also, the figure for Reliance Mutual Fund is the gross profit before tax.
UTI Mutual Fund has not been included because its half yearly results are not out. Also, the figure for Reliance Mutual Fund is the gross profit before tax.
UTI Mutual Fund has not been included because its half yearly results are not out. Also, the figure for Reliance Mutual Fund is the gross profit before tax.
Many investors are betting on the Nifty touching 10000 and have set up these triggers to exit and shift to debt mutual funds.
Many investors are betting on the Nifty touching 10000 and have set up these triggers to exit and shift to debt mutual funds.
Folios are numbers designated to individual investor accounts, though one investor can have multiple folios.
Folios are numbers designated to individual investor accounts, though one investor can have multiple folios.
Folios are numbers designated to individual investor accounts, though one investor can have multiple folios.
Sebi is uneasy over the high commissions mutual funds paid distributors in the last six months to sell new fund offers (NFOs), which resulted in mis-selling.