Kalpen Parekh named successor of Naganath who leaves the fund house after 15 years.
Mid and small-cap mutual fund schemes have delivered negative 6 percent returns during in one-week period ended May 25 under performing the large cap fund category
Birla Sun Life Mutual Fund has proposed to change the name of 3 monthly income plans with effect from May 27
Mutual funds have been picking up shares of FMCG such as HUL, Marico, ITC, Colgate, Dabur
Interview with Miten Lathia - Fund Manager - Equities - HDFC Asset Management Co. Ltd
BNP Paribas Equity Fund Announces Dividend , the record date for declaration of dividend is May 25, 2017
Franklin India Balanced Fund Announces Dividend, the record date for declaration of dividend is May 26, 2017
ICICI Prudential Exports & Others Services Fund announces dividend, the record date for declaration of dividend is May 26, 2017
Kotak Emerging Equity Scheme announces Dividend, the record date for declaration of dividend is May 26, 2017
IDBI Bank has initiated the process of scouting for a buyer to sell its mutual fund business, indicating further consolidation in the Rs 19-lakh crore mutual fund industry
Fund managers chose to exit blue chip names such as Coal India, Cipla, HCL Tech, among others, IDBI Capital said in a report.
According to data on the Association of Mutual Funds in India, the mutual fund industry witnessed inflows of Rs 4,269 crore in April as against Rs 4,355 crore a month ago, registering a drop of Rs 86 crore.
Ballarpur Industries has made partial payment of only Rs 4 crore to IDBI Mutual Fund while the remaining Rs 26 crore is still pending
In an interview to CNBC-TV18, V Srivatsa, EVP & Fund Manager at UTI MF shared his readings and outlook on specific stocks and sectors.
S Krishna Kumar, CIO-Equity, Sundaram MF said that fund managers are moving away from high-quality high growth companies to cyclical growth companies.
HDFC, L&T, Vedanta, Maruti Suzuki, and ICICI Bank, among others have seen interest from fund managers in April.
Watch the interview of Feroze Azeez Deputy CEO Anand Rathi and Ashish Shankar Hd - Invst Advisory Motilal Oswal Pvt Wealth with Surabhi Upadhyay on CNBC-TV18, in which they shared their reading and outlook on Indian equity markets and which funds one should invest in.
SEBI is likely to request Finance Ministry for considering bank KYC and Aadhaar as valid proof for allowing investing in mutual fund.
"Indian investors have now eventually assimilated mutual funds and the credit goes to awareness programs and endeavours by regulators and AMCs in mutual fund industry," Bajaj Capital CEO Rahul Parikh said.
Atul Bhole of DSP Blackrock also said that he preferred corporate lenders as well as oil & gas, but was wary of ahead-of-fundamentals rally in real estate.
The assets under management (AUM) of equity MFs scaled a record high of Rs 5.69 lakh crore at the end of April 2017 from Rs 5.43 lakh crore at March-end.
In terms of overall opportunity, consumption, automobile, domestic cyclical sectors like construction, cement, banks for that matter looks attractive for the fund house.
UTI Opportunities Fund announces dividend, the record date for declaration of dividend is May 15, 2017
Association of Mutual Funds in India has asked fund houses to freeze non-FATCA compliant accounts
Association of Mutual Funds in India (AMFI) reports a monthly inflow of US$ 650 mn through SIPs (Systematic Investment Plans) in March, reflecting the increased interest in recurring savings allocations.