04/03/2010 05:33 PM |
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L&T Mutual Fund said it has launched a scheme -Daily Investment Plan- which will offer investors an opportunity to transfer a fixed amount on a daily basis to eligible open ended equity schemes of the company.
L&T Mutual Fund launches daily investment planL&T Mutual Fund launches daily investment plan
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02/03/2010 07:14 PM |
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The average assets under management of the Indian Mutual Fund (MF) industry grew around 3% month-on-month in February 2010 on the back of short-term institutional fund flows.
MFs' asset base rises 3% in FebMFs' asset base rises 3% in Feb
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27/02/2010 12:24 AM |
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The mutual fund industry didnât get anything from the finance minister, but that has not stopped them from exploring how they could work out some of the other proposals in direct taxes to their advantage .
MFs dig infra for big bucksMFs dig infra for big bucks
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25/02/2010 08:55 PM |
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Close on the heels of Benchmark Asset Managementâs launch of an exchange-traded fund, HSBC Mutual Fund has sought SEBIâs nod to introduce to Indian investors a scheme that invests in Brazilian equities.
HSBC MF plans to do the SambaHSBC MF plans to do the Samba
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22/02/2010 06:18 AM |
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Mutual fund houses are not filing draft offer documents the first step to launch an NFO as they fear that distributors wont push NFOs without the upfront commission they were enjoying before the Sebi ban on entry load.
New fund offers drying upNew fund offers drying up
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22/02/2010 12:41 AM |
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Mutual fund houses are not filing draft offer documents the first step to launch an NFO as they fear that distributors wont push NFOs without the upfront commission they were enjoying before the Sebi ban on entry load.
New fund offers drying up New fund offers drying up
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21/02/2010 10:34 PM |
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An innocuous-looking paragraph in a circular issued by market regulator Sebi to intermediaries has put asset management companies (AMCs) in a quandary. SEBI's KYC circular puts MFs in a fixSEBI's KYC circular puts MFs in a fix
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19/02/2010 03:38 AM |
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ICICIdirect has been given the go-ahead for an electronically-scanned know your client (KYC). ICICIdirect gets go-ahead for digital KYCICICIdirect gets go-ahead for digital KYC
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19/02/2010 12:30 AM |
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18/02/2010 12:12 AM |
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Ever heard of the term retail HNIs? Well, its a new class of investors with a âlittle large purse' that mutual fund distributors are busy chasing these days.MF distributors chase âretail HNIsâ MF distributors chase âretail HNIsâ
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17/02/2010 06:37 PM |
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Lack of clarity on capital market regulator SEBIâs fiat on know your clients (KYC) norms has resulted in a delay in payment of trail and brokerage to mutual fund distributors.Lack of clarity on KYC rules hits payment to MF sellersLack of clarity on KYC rules hits payment to MF sellers
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16/02/2010 08:07 PM |
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Representatives of offshore financial centres like Cayman Islands, Isle Of Man, Mauritius and British Virgin Islands are going all out to convince Indian clients to launch their business or investment verticals from these jurisdictions. Indian mutual funds approach zero tax destinations to raise offshore capitalIndian mutual funds approach zero tax destinations to raise offshore capital
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16/02/2010 07:22 PM |
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Indiaâs mutual fund industry is lobbying with the finance ministry to extend tax benefits, currently available to equity-linked savings schemes (ELSS).MFs want ELSS-Like tax benefitsMFs want ELSS-Like tax benefits
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16/02/2010 05:41 PM |
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Equity mutual funds witnessed inflows for the first time in five months, as investors put in Rs 1,300 crore into the scheme buoyed by new offers.Equity MF schemes net Rs 1,300 cr in JanEquity MF schemes net Rs 1,300 cr in Jan
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16/02/2010 06:52 AM |
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Edelweiss Mutual Fund has floated a new fund offer - Income Advantage Fund, an open-ended scheme.
Edelweiss AMC launches income fundEdelweiss AMC launches income fund
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