07 Jul 15
Mutual Fund Utilities (MFU), the new online system, now accounts for nearly one-third of all transactions in mutual fund schemes. The MF Utility is an online system for distributors for submission of transaction forms online through a single window.
30 Jun 15
The Securities and Exchange Board of India (Sebi) chief has expressed his concerns over certain mutual fund industry practices, even as he lauded “out-sized&" returns that the industry has managed to generate for investors.
Capital markets watchdog Sebi today came down heavily on mutual fund players over higher agency commissions they charge from customers, warning that if they don't behave, nothing stops it from taking punitive and corrective actions.
22 Jun 15
Gold exchange-traded funds (ETFs) have lost favour among investors as mutual fund managers pulled out close to Rs 500 crore from these products in the first two months of the fiscal, mainly on account poor return.
The country’s domestic mutual fund managers have continued to throw their might behind Indian equities even as their foreign counterparts have remained net sellers throughout this month.
08 Jun 15
People who do not belong to any of the Indian states or Union territories own a significant amount of investment in equity mutual funds in the country, according to data published by the MF sector.
Investors poured Rs 10,000 crore into equity mutual funds (MFs) for a second straight month in May. This was despite the sharp correction in the market on lacklustre earnings.MF equity schemes have now witnessed net inflows for 12 months.
Domestic fund managers seem to have gone wrong with the timing of their bet on Sun Pharmaceutical. The country's biggest pharma company was the most-bought stock by mutual funds in April.
07 Jun 15
Mutual Funds attracted nearly Rs 4,200 crore in May, taking the total net inflow close to Rs 57,000 crore in the past one year, primarily on account of positive returns from equities.
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