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Tata AIG Life launches InvestAssure Health product (06 October 03:32) |
| A comprehensive health policy, it has an all-inclusive coverage to help the insured recover illness related expenses and create a fund to pay for high medical expenses |
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Assets under management of MFs at 12-month low (04 October 12:35) |
| Assets under management at the end of September stood at Rs5.29 trillion, a fall of 2.7% from a month ago |
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Cash, bank shares ease blow for India funds in Sept (03 October 11:07) |
| In August, diversified stock funds posted positive returns but a majority fell short of beating the benchmark index |
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Mutual Funds sitting on Rs12,000 cr cash (14 September 04:48) |
| An analysis of the equity and cash allocations of equity diversified funds shows cash piles have increased steadily from 10% in April to over 14% at the end of August |
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Reliance MF charts global game plan (12 September 12:03) |
| Reliance Cap arm looks to start operations in the US, the UK, Hong Kong, Malaysia and Indonesia in two years |
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Private equity firms turn off PIPE fund flow (10 September 12:54) |
| There’s a reason for PE firms to be conservative with PIPE deals. Almost three-fourths of such transactions they completed in 2007 have resulted in losses |
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Seven more firms get Sebi approval to sell mutual funds (08 September 12:31) |
| India has 35 asset management companies offering more than 950 mutual fund schemes and managing assets worth Rs5.44 trillion as of August |
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Reliance Money aims at Rs50,000 cr AUM (07 September 01:50) |
| The wealth management entity is currently managing assets of about Rs1,000 crore |
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Mutual funds should go directly to investors: IIMS Dataworks (05 September 12:19) |
| A downturn in the stock markets has caused inflows into new fund offers to shrink |
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Reliance Mutual Fund crosses 1 million SIPs (04 September 03:49) |
| The fund house, part of Anil Dhirubhai Ambani Group, offers SIPs for as low as Rs100 a month. It has an investor base of over 69.5 lakh people |
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UTI MF plans to launch products in international market (01 September 04:39) |
| The fund house is exploring opportunities for investing money in the international market to benefit investors |
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Motilal gets regulator nod for fund biz (29 August 10:58) |
| Motilal’s group entity, Passionate Investment Pvt. Ltd, which got the approval, had no immediate plan to rope in any partner in the venture |
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Union Bank hopes to start mutual funds biz by January (24 August 01:31) |
| It is currently working on the shareholders agreement for its proposed joint venture with Belgium-based partner KBC Asset Management NV |
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Investors look at paper gold to beat markets, high inflation fears (20 August 11:19) |
| Still in the short term, returns could be negative, as prices of most commodities have dropped significantly |
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Fidelity launches its first fixed maturity plan (18 August 02:21) |
| The new fund offer opens for subscription on 20August, 2008 and closes on 27August, 2008; offers both, retail and institutional plans |
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AMFI not to act as MF industry regulator (10 August 02:07) |
| AMFI was set up in 1997 and market regulator SEBI had asked the organization to function as an SRO to perform frontline regulation |
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Low awareness of mutual funds snags AMCs’ bid to expand base (04 August 11:19) |
| The number of retail mutual fund investors before the market downturn was a little under six million |
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Mutual Fund industry sees 6% drop in AUM in July (04 August 02:33) |
| Reliance MF witnessed the biggest fall, losing over Rs6,000 crore in the period under review |
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Mutual fund companies in India face post-boom profit crunch (31 July 11:28) |
| The industry managed Rs5.5 trillion at the end of 2007, but assets have shrunk about 5% since |
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MFs gaining popularity in India, finds Nielsen survey (28 July 11:44) |
| In 2007, MFs had a 40% share of investment options available to consumers, said the Mutual Fund Brand Health Monitor-4 survey |
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UBI in pact with Belgium firm for mutual funds business (14 July 04:38) |
| UBI has plans to use 1,000 of its branches for the mutual funds venture in the initial phase and scale up to include all branches in the future |
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Reliance MF expects 80% growth in asset base (14 July 03:17) |
| As on 31 May, the total assets under management of the company reached Rs98,430 crore |
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Fidelity to widen debt offerings in Asia (14 July 02:31) |
| The fund house hopes to win more business with big institutional investors like sovereign wealth and pension funds with this move |
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Sebi should enhance networth for MF players to Rs10cr: Report (13 July 01:57) |
| The present limit stands at Rs2 crore |
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Principal PNB AMC launches closed-end debt scheme (04 July 02:37) |
| It’s a 385-day fund, benchmarked to Crisil Short-Term Bond Fund Index; open between 4-7 July |
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MF industry witnesses 5.9% fall in assets in June (03 July 02:40) |
| Reliance Mutual Fund continues to be the top fund house in the country despite its average AUM falling to Rs 90,813.45 crore at the end of June from Rs 98,430.93 crore in May |
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Reliance MF scouts for acquisition (02 July 08:06) |
| Aiming to be a global player in the next five to seven years, the company is keen to make acquisitions abroad |
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Axis Bank gets RBI approval for asset management company (28 June 12:45) |
| The private sector lender is also exploring the option of entering the broking business; may look for a partner |
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The uncanny predictions of ‘Dr Doom’ Marc Faber (25 June 12:06) |
| It’s only when the commodity cycle turns that loose monetary policy results in higher inflation, which in turn affects stocks |
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MF inflows remain positive (19 June 11:18) |
| The strong net inflows are the reason the industry has been a big buyer in the markets this year |
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Investors shy away from equity mutual funds (19 June 02:59) |
| Flows into equity funds slumped to Rs45.9 billion in April, the lowest since August 2006, and about Rs48 billion in May, data from the Association of Mutual Funds in India showed |
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DBS Chola MF to launch fixed maturity plan (19 June 10:06) |
| The New Fund Offer which is a close ended income scheme opens on 18June and closes on 26 June |
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Two sovereign funds are better than one (13 June 11:24) |
| It’s a part of a trend. Sovereign funds are dedicating an increasing portion of their portfolios to higher-return asset classes |
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Reliance MF hikes stake in Piramal Life (09 June 04:59) |
| Prior to this acquisition, Reliance Mutual Fund had 12,01,886 shares amounting to 4.72% which increased to 5.02% after the said acquisition |
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HDFC bank renews contract with NCR to manage 2,000 ATMs (27 May 03:36) |
| Expanding on the prior three-year contract, the renewal includes an additional order for 300 new ATMs which is in keeping with HDFC’s expansion strategy in India. |
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Mutual fund assets to touch Rs12.8 trillion by 2012 (25 May 10:41) |
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Smarter returns from smaller funds (20 May 11:36) |
| Smaller funds often say they are nimble and can profit from opportunities that don’t even register on big players’ radar |
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Lotus India plans global stock fund (20 May 02:06) |
| Lotus India Global Opportunities Fund will allocate at least 65% of its assets to Indian stocks and 25% to 35% to overseas funds |
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More business for rating agencies (07 May 11:56) |
| The guidelines also specify that one agency should not value a particular asset for more than two years, and thereafter cannot value that asset for three years |
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Kotak Mahindra Mutual Fund launches Kotak Sensex ETF (07 May 04:31) |
| The scheme’s performance will be benchmarked against the BSE Sensex and is open for subscription from 7May to 16 May, 2008. |
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Edelweiss gets Sebi nod for mutual fund biz (05 May 04:48) |
| Edelweiss Asset Management plans to launch 8-9 products, including diversified equity funds and structured products, over the next 12 months |
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Mutual fund assets jump 7% in April (05 May 04:48) |
| Total assets under management at Rs5,65,441 crore against Rs5,28,857 crore previous month; Reliance MF retains pole position |
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India’s Taurus Mutual to triple headcount, branches (05 May 01:24) |
| Fund house to add 130 people to existing staff of 50, double investment management team to 12, expand to 24 cities from seven currently |
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Sebi issues list of cities for real estate MFs (02 May 11:43) |
| The list includes 35 urban cities including Mumbai, New Delhi, Kolkata and Chennai, and 27 non-urban cities, with more than 1 million population |
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MFs accumulate Rs 23,545 cr cash for deployment in stable mkt (24 April 05:01) |
| Of this Rs 19,214 crore lies with existing MFs, while the remaining Rs 4,331 crore has been mobilised through the NFOs. |
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Brokerages stampede to launch mutual funds (11 April 10:42) |
| At least six brokerages are awaiting regulatory approval to break into the 33-member Indian funds industry |
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More Indian firms will tap private funds in ’08: Merrill (03 April 11:21) |
| Indian companies raised a record $26.7 billion last year as the longest economic expansion in six decades and rallying stock market lured investors |
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Hedge funds boost loans to small firms in Asia (03 April 11:20) |
| The arrangements offer a way to stabilize returns for an industry roiled by the collapse in global equity and debt markets |
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‘MFs sit on huge cash pile of Rs22,908 cr’ (02 April 03:08) |
| The absolute cash levels for all existing equity funds rose by 17.4% to Rs16,642 crore in February 2008 from Rs14,176 crore in January 2008 |
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Funds target emerging markets for hedging against slowdown (21 March 12:23) |
| Managers of art investment funds, which buy and sell a pool of works for a set management fee and a share of any profit made, have been keen to promote art as an alternative asset class |
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