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MF News
  • 23 Jul 14
    10:48 PM
    At least a fifth of debt fund managers in the mutual fund (MF) sector might lose their job with the change in taxation for their segment in Union Budget 2014-15, say executives.
  • 22 Jul 14
    05:52 PM
    individuals turning crorepaties in India by selling the much talked about mutual fund products. In fact, the number is rising year after year despite the widespread assumption that profession of mutual fund distribution is not a lucrative one.
  • 20 Jul 14
    11:25 AM
    "There have been demands from mutual fund industry body and some announcement could be made at the time of reply of Finance Minister on Finance Bill debate in Parliament later in the month," an official source said.
  • 18 Jul 14
    12:47 AM
    DSP BlackRock Pension Fund Managers and Tata Asset Management Company have opted out of the race to become fund managers for managing the National Pension System (NPS) for the private sector.
  • 17 Jul 14
    02:42 PM
    Income earned by distributors from selling mutual fund schemes surged 9% to a staggering Rs 2,572 crore in 2013-14, driven by improved market conditions, even as their number fell during the year.
    12:39 AM
    To cash in on the bullish sentiment in the wake of the new government at the Centre and a potential revival in the real estate market, a host of fund managers are gearing to launch property funds to raise about $750 million.
  • 16 Jul 14
    10:43 PM
    Franklin India Smaller Companies Fund has been classified under the small and midcap category in the CRISIL Mutual Fund Ranking. The fund has been ranked in the top 30 percentile (CRISIL Fund Rank 1 or 2) for the past four quarters.
    06:26 PM
    Less than five paise out of every rupee of India's mutual funds' equity assets is being invested in fast moving consumer goods (FMCG) - the lowest since statistics of sector allocation is available.
    03:18 PM
    Concerned over additional tax proposals made in the Budget 2014-15, mutual funds fear that redemptions in investments worth over Rs 2 lakh crore that could put a huge burden the banking sector.
  • 12 Jul 14
    06:38 PM
    Revenue Secretary Shaktikanta Das today hinted the government might clarify that investors of debt mutual funds would not have to pay taxes retrospectively because of an amendment in the Finance Bill 2014. He also said that the new government would
  • 11 Jul 14
    05:42 PM
    Mutual fund sector is finding itself at back foot with the Union Budget proposing an increased flat rate of tax on debt funds at 20% while increasing the tenure to claim long-term tax gains from 12 months to 36 months.
    12:40 AM
    Retail investors who have been looking at debt funds for good short-term returns and tax benefits will now have to go for other options. The Union Budget has increased the rate of tax of debt funds to a flat 20 per cent.

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