The asset management joint-venture between Life Insurance Corporation of India and Japanese financial services firm Nomura has merged four of of its schemes with a fifth, on account of which the National Stock Exchange has halted transactions in the
Gilt mutual fund schemes, which invest in government securities (G-Sec), are back in vogue, as institutional investors and rich individuals are betting the ongoing rally in these bonds would fetch them double-digit returns.
Gilt mutual fund schemes, which invest in government securities (G-Sec), are back in vogue as institutional and rich individuals are betting that the ongoing rally in these bonds would fetch them double-digit returns.
The mutual fund industry’s month-end assets under management (AUM) rose by 18% or Rs 1.24 lakh crore to Rs 8.26 lakh crore in April 2013 from Rs 7.01 trillion in March as per the monthly numbers released by the Association of Mutual Funds in India
India's equity mutual fund schemes have yet again reported a net outflow at the beginning of the current financial year. After a better show in the immediate previous month, the equity segment witnessed net outflows in April.
The measures taken by the capital markets regulator Securities and Exchange Board of India (Sebi) last year to push sales of mutual fund products in smaller towns and cities seem to be showing positive signals now.
Axis Mutual Fund today appointed Chandresh Nigam as its Managing Director and Chief Executive Officer. Nigam was till now managing products across asset classes at the asset management arm of private sector lender Axis Bank.