- 10 Feb 1610:36 PMInvestors continued to pull out money from gold exchange-traded funds (ETFs) and withdrew Rs 656 crore in the first ten months of the current fiscal, shrinking asset base of such products by more than eight per cent.
- 09 Feb 1609:54 PMEquity mutual funds witnessed in January inflows worth Rs 2,914 crore, the lowest level in the last 20 months, mainly on account of weakness in stock markets and appreciation in gold prices, says a report.
- 06 Feb 1604:02 PMAssociation of Mutual Funds in India (AMFI) in its pre-budget proposals has urged the government to consider additional tax benefits for the investors.
- 04 Feb 1610:32 PMAnoop Bhaskar has joined IDFC Mutual Fund (MF) as head of equities with effect from 5 February. Bhaskar was formerly head of equities at UTI MF and is considered one of the finest fund managers in the Rs 13 lakh-crore industry.12:47 AMMutual funds with gold as their underlying assets have started year 2016 on a firm footing.
- 03 Feb 1603:44 AMAnkit Patel (23), a Lucknow-based mutual fund (MF) advisor, is worried about the prospects of his advisory business if the commission he gets has to be disclosed in the monthly account statements given to investors.
- 31 Jan 1612:57 PMTo make it easier for investors to buy or sell mutual fund products, fund houses are offering the facility of investing in such products by using the Aadhaar number.12:42 PMGovernment should raise tax exemption limit for health insurance and introduce fiscal measures to help increase its penetration, say industry officials.
- 22 Jan 1612:43 AMLaunched in April 1999, the Franklin Taxshield Fund has been ranked 2 under CRISIL Fund Rank, for the quarter ended September 2015, in the Equity Linked Savings Scheme (ELSS) category.
- 18 Jan 1610:46 PMCapital markets regulator Securities and Exchange Board of India (Sebi) has issued an order to seize allegedly unlawful gains made by six entities in a case involving India's largest mutual fund house, HDFC MF.01:28 PMAfter capping agent commission, mutual fund industry body and front-line regulator Association of Mutual Funds in India(AMFI) may now ask the fund houses to disclose the individual distributor commission in the account statements sent to investors.
- 17 Jan 1602:28 PMFacing scrutiny by the government and the regulator Sebi, fund houses have pleaded not guilty to allegations of indulging in dividend stripping - an illicit practice used for possible tax evasion through investments in mutual funds.10:07 AMTo attract retail investors, mutual fund houses are contemplating "robo" advisory route, wherein automated algorithm-based advice will be provided without human intervention.
- 16 Jan 1612:29 AMNone of the country's fund houses admit to be doing any dividend stripping, they've each told the Securities and Exchange Board of India (Sebi).
- 14 Jan 1610:48 PMEquity mutual fund managers churned their sector preference in 2015, increasing bets on defensive stocks and reducing them on the high-beta banking sector.
- 13 Jan 1610:45 PMMutual funds resorting to the practice of dividend stripping have come under the scanner of market regulator Securities and Exchange Board of India (Sebi) yet again.02:49 AMShares of several Indian banks, public and private, hit their 52-week lows in recent days. With a 17 per cent erosion in value since January 1, the average category return has been 16 per cent in negative territory over the past year.12:28 AMCountry's largest mortgage firm HDFC Ltd today said mutual funds exposure in its debenture and commercial papers is 3.9 per cent of total debt asset under management.
- 07 Jan 1604:50 PMKotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) on Thursday launched Kotak Premier Life Plan, a limited premium payment, participating whole life plan.04:48 AMThe inflows from India’s retail investors in equity schemes remained in positive territory for a 20th month in a row in December.
|15 Feb 16||UTI-Transportation & Logistics Fund (D)||3.00|
|15 Feb 16||UTI-Spread Fund (D)||0.07|
|15 Feb 16||UTI-Transportation & Logistics Fund - Direct (D)||3.00|
|15 Feb 16||UTI-Spread Fund - Direct (D)||0.07|
|15 Feb 16||Edelweiss Arbitrage Fund - Regular (D)||0.10|
|15 Feb 16||Edelweiss Arbitrage Fund - Direct (D)||0.10|