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Latest News:

Mutual Funds

MFs’ asset base from smaller cities up 47% at Rs 3.41 lakh cr

New Delhi: Contribution of the country's smaller towns - beyond top-15 cities (B15) in industry parlance - to mutual funds' asset base surged 47 per cent to Rs 3.41 lakh crore by May-end due to investor-friendly initiatives by Sebi.

Mutual funds' ass... Read More

sakal news for banking sector

Mutual Fund managers continue to snap up banking shares

New Delhi: Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs. 1.44 lakh crore at the end of May, mainly due to cheaper valuations. In comparison, the figure was Rs... Read More

Mutual Funds, KYC details, New investors

Government mulls 10% dividend tax on stock-based Mutual Funds

Mumbai: Over 46 million equity-linked retail investors in mutual fund industry may be in for a jolt if the goverment goes ahead with its plans to tax dividends at a hefty 10 per cent from next fiscal year... Read More

Mutual Fund, Inflow, Asset Base, January

Investors pull out nearly Rs. 41,000 cr from Mutual Fund schemes in May

New Delhi: Investors have pulled out nearly Rs. 41,000 crore from various mutual fund schemes in May, with liquid funds witnessing most of the outflows. This comes following an inflow of about Rs. 1.51 lakh crore in the preceding month.

Morningstar I... Read More

Mutual Funds, KYC details, New investors

Equity MF investments hit 2-year high of Rs 10,790 cr in May

New Delhi: Equity mutual funds saw an inflow of Rs. 10,790 crore in May, making it the highest in nearly two years, underpinned by investor optimism and steps taken by fund houses to create awareness about MFs.

This also marks the 14th straight month... Read More

Defence-Sector , reliance defence, Pipavav

In a first for mutual funds, Anil Ambani’s unit to sell shares to public

Mumbai: Anil Ambani-led Reliance Group plans to come out with an initial public offering (IPO) during this fiscal year for its mutual fund arm, which is expected to value the company at about Rs. 20,000 crore... Read More

Sundaram Mutual Fund

NFO Watch: Sundaram MF seeks SEBI nod for close-ended equity fund

Mumbai: Sundaram Mutual Fund has sought the Securities and Exchange Board of India's approval for Sundaram Turnaround Fund, - Series I-II, according to a draft offer document on the regulator's website.

The close-ended equity scheme will invest at le... Read More

mutual fund , increase, mutual fund, equity

Equity MF inflows hit 4-month high of Rs 9,429 cr in April

New Delhi: Equity mutual funds witnessed an inflow of Rs 9,429 crore in April, the highest in four months, due to participation from retail investors and steps taken by fund houses to create awareness about MFs.

This also marks the 13th straight mont... Read More

Mutual Funds, Investments, IT Stocks

Mutual funds’ asset base jumps to all-time high of 19.3 lakh cr in April

New Delhi: Mutual fund (MF) industry’s asset base has crossed the Rs. 19 lakh crore mark in April on the back of fresh inflows in equity, debt and money market segments.

The assets under management (AUM) of the MF industry, comprising 42 players, r... Read More

stock sell

Mutual Fund investments in stocks hit 5-month high of Rs. 10,000 cr in April

New Delhi: Mutual fund managers net purchased stocks worth close to Rs. 10,000 crore in April, making it the highest investment in five months, on sustained participation by retail investors.

This comes on the top of over Rs... Read More

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