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MF News
  • 26 Aug 14
    02:48 AM
    The investors' base of equity mutual funds (MFs) are on the rise as stock indices scale new highs. On an average 1,500 new equity accounts are being opened on a daily basis since the Narendra Modi-led government took charge in office this May.
  • 24 Aug 14
    10:25 AM
    Equity mutual funds witnessed an addition of more than 48,000 investor accounts, or folios, in July helped mainly by a sharp rise in stock market.This also marks the second consecutive monthly rise in investor accounts.
  • 21 Aug 14
    06:34 PM
    Many investors are asking for ways to lower their tax liability on redemption from debt mutual funds, says Anutosh Bose, chief operating officer at LIC Nomura Mutual Fund. He advises making use of the systematic withdrawal plan (SWP).
  • 20 Aug 14
    04:49 AM
    Following a recovery in sales and a turnaround in the commercial vehicles (CVs) segment, equity fund managers have raised exposure to the stocks of automobile and auto ancillaries companies.
  • 17 Aug 14
    10:45 AM
    Improved market sentiment helped Mutual Funds pick up shares worth over Rs 5,000 crore in July, making it the highest monthly inflow in six-and-a-half years.This also marks the third consecutive monthly inflow.
  • 14 Aug 14
    06:21 PM
    Dalal Street will see launch of five new exchange traded funds (ETFs) this year, most of whom will have underlying other than the benchmark indices.
  • 12 Aug 14
    05:48 PM
    Hinduja Group company Gulf Oil Corporation posted a net profit of Rs 8.09 crore for the first quarter of the current financial year.
  • 06 Aug 14
    11:19 AM
    Employees of the country’s oldest mutual fund  - UTI - were recently allowed to convert their stock options into shares for the first time since the asset management company shelved its Initial Public Offer(IPO) plans at the time of the
  • 05 Aug 14
    10:48 PM
    Asset management companies (AMCs) together have roped in global consultant KPMG to help them meet the complex requirements under the Foreign Account Tax Compliance Act (Fatca), a new anti-tax avoidance law in the US.
  • 30 Jul 14
    06:34 PM
    Distributors crying foul over the lack of enough financial incentives for selling mutual funds could get some relief in the days ahead, with the Securities and Exchange Board of India (Sebi) considering a revision in the commission structure, say two
    02:30 PM
    Investors pulled out nearly Rs 60,000 crore from various mutual fund schemes in June after putting in a staggering Rs 1.5 lakh crore in the preceding two months.
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