Diversified stock funds posted their best monthly return in nearly three years in January as a sharp rise in key stock prices and exposure to sectors such as financial services pushed up net asset values.
Diversified stock funds posted their best monthly return in nearly three years in January as a sharp rise in key stock prices and exposure to sectors such as financial services pushed up net asset values.
The increasing cost of acquiring assets due to a tight regulatory environment and six years without any profits have forced one of the biggest names in asset management to look for exit options in India.
Fidelity Investments is in talks to sell its India mutual fund business and is seeking a valuation of Rs 1,000 crore for the unit, a report on a business website said citing a person with direct knowledge of the development.
The Securities and Exchange Board of India (Sebi), the capital market regulator, today lifted restrictions on broad-based institutions, such as insurance companies and mutual funds, subscribing to preferential issues of companies.
International Advisory Board, constituted by the Securities and Exchange Board of India, has said the mutual fund industry needs to widen investor base and educate investors.
Investment in equity mutual funds through systematic investment plans (SIPs), once a steady route of sticky money inflows to the fund industry, is now being hit.
The Securities and Exchange Board of India (Sebi) may not relax the ‘know your customer’ (KYC) norms for qualified foreign investors (QFIs) for investing in domestic mutual fund industry.
Japanese life insurance major, Nippon Life Insurance, on Thursday signed a memorandum of understanding (MoU) to acquire a 26 per cent stake in Reliance Capital Asset Management (RCAM) for Rs 1,450 crore.
Franklin Templeton Investments (India) is launching a new open end fund-of-fund (F-o-F) called FT India Feeder - Franklin US Opportunities Fund (FTIF -FUSOF).
Japan's Nippon Life Insurance Co plans to invest about Rs 1,450 crore in Reliance Capital Asset Management, the fund management unit of Reliance Capital , the Nikkei newspaper reported on Thursday.