BUSINESS
Mirae Asset MF's Jain says low inflation, interest rates to drive consumption demand; upbeat on consumer durables
Improvement in macros like lower inflation, lower interest rates and domestic reforms will help revive earnings over time
BUSINESS
What are fund managers saying about the RBI's bi-monthly monetary policy
The Reserve Bank of India (RBI) on Wednesday cut its key lending rate —the repo rate — by 25 basis points (0.25 percentage points) to 6 percent
BUSINESS
HDFC MF's Mehrotra expects RBI to cut repo rate by 25 bps; eyes Fed rate movement
Mehrotra expects the yield curve to steepen driven by the surge of liquidity in the banking system post demonetisation.
BUSINESS
Motilal Oswal MF ropes in DHFL Pramerica MF's Akash Singhania as equity fund manager
Prior to joining Motilal Oswal Mutual Fund, he was associated with DHFL Pramerica AMC as Deputy CIO Equities
TRENDS
As Nifty hits 10K, mutual funds prefer to park money in balanced funds
Balanced funds buy a combination of equity shares and fixed income instruments and provide both income and capital appreciation while avoiding excessive risk
BUSINESS
MFs seek SEBI approval for launching retirement funds that invest only in G-sec
These schemes are aimed at giving retail investors a visibility of potential returns in the long term
BUSINESS
Security and Intelligence Services look to raise Rs 778 crore via IPO: Srcs
The initial offer would comprise fresh issue of Rs 362.25 crore and an offer for sale of Rs 415 crore
BUSINESS
UTI Mutual Fund seeks SEBI nod to launch a new equity savings scheme
The close-ended equity scheme will deploy 65-90 percent of its assets in equity securities and derivatives
BUSINESS
Reliance MF files offer document with SEBI for close-ended equity scheme
Series A – Series E will have tenure of 18 months to 60 months from the date of allotment
BUSINESS
Redemptions from top 20 MFs up 38% to Rs 18,300 crore: Motilal Oswal Fund Report
Redemptions from top 20 fund houses have risen to the second highest level in FY18, despite the industry's AUM touching record highs
BUSINESS
Godrej Agrovet may file DRHP for IPO with SEBI today; plans to raise around Rs 400 cr
The company plans to raise Rs 400 crore via the initial public offer and Credit Suisse and Axis Bank are the bankers to the issue.
BUSINESS
UTI MF seeks SEBI nod to launch close-ended equity fund
Each Series under the Scheme will have tenure of 3 years to 10 years from the date of allotment of units under the respective series
BUSINESS
Kotak Mutual Fund's Upadhyaya says GST to keep June earnings growth muted
Upadhyaya feels monsoon progress until now has been above-normal despite some softening recently, which augurs well for many rural oriented businesses.
BUSINESS
MFs add 10 lakh accounts in June, take tally to an all-time high of 57.82 million
MF industry recorded an addition of 10 lakh investor accounts in June, taking its total number of folios to an all-time high of 57.82 million, as per data on the SEBI.
BUSINESS
HDFC MF bets on capital goods, corporate banks, metals; underweight on FMCG, pharma
Profit growth is now improving and earnings growth for next 2-3 years is expected to be strong
BUSINESS
MF assets rise 7% to Rs 19.52 lakh cr in April-June; ICICI Pru MF maintains top slot
The average AUM of the mutual fund industry rose 7 percent taking the total AUM to a record high of Rs 19.52 lakh crore at the end of June quarter, according to the data on the Association of Mutual Funds in India.
BUSINESS
GST rollout: Malls clueless on the impact but billing system in place
There is also lot of confusion and uncertainty prevailing among retailers about the pending stock in warehouses and also on the new invoices will be generated.
BUSINESS
Mutual funds pick up shares worth Rs 20,600 crore in April & May; FPIs lag
Industry experts attributed investments in the equity market to upbeat sentiment in the stock market
BUSINESS
BNP Paribas MF appoints Ritesh Jain as CIO
Jain will report to Deputy Chief Executive Officer and Head of Investments Anand Shah
BUSINESS
SIPs gain investor interest in May, garner over Rs 4,000 crore
Mutual funds attributed the increased interest in SIPs to investor education and robust performance of equity schemes
BUSINESS
ICICI Prudential Mutual Fund files papers with SEBI for close-ended scheme
Under the close-ended equity scheme,each series will have tenure of 1 year to 5 years
BUSINESS
Mirae Asset MF seeks SEBI approval to launch open-ended income fund
The open-ended income scheme will invest at least 65 percent in corporate debt/bonds and up to 35 percent in debt and money market instruments
BUSINESS
HDFC Mutual Fund to launch 1100-day close-ended equity scheme on June 27
The scheme will have a lock-in period of 1100-days
BUSINESS
HDFC Mutual Fund seeks SEBI nod for a close-ended equity scheme
Under the scheme, the fund house proposes to offer three plans of tenure ranging between 24 and 66 months.
