Himadri Buch

Assistant Editor

Moneycontrol News

Kotak Mutual Fund's Upadhyaya says GST to keep June earnings growth muted

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.

MFs add 10 lakh accounts in June, take tally to an all-time high of 57.82 million

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.

HDFC MF bets on capital goods, corporate banks, metals; underweight on FMCG, pharma

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

MF assets rise 7% to Rs 19.52 lakh cr in April-June; ICICI Pru MF maintains top slot

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.

GST rollout: Malls clueless on the impact but billing system in place

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.

Mutual funds pick up shares worth Rs 20,600 crore in April & May; FPIs lag

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

BNP Paribas MF appoints Ritesh Jain as CIO

BUSINESS

BNP Paribas MF appoints Ritesh Jain as CIO

Jain will report to Deputy Chief Executive Officer and Head of Investments Anand Shah

SIPs gain investor interest in May, garner over Rs 4,000 crore

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

ICICI Prudential Mutual Fund files papers with SEBI for close-ended scheme

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

Mirae Asset MF seeks SEBI approval to launch open-ended income fund

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

HDFC Mutual Fund to launch 1100-day close-ended equity scheme on June 27

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

HDFC Mutual Fund seeks SEBI nod for a close-ended equity scheme

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.

MFs add 10 lakh accounts in May, taking tally to an all-time high of 57.2 million

BUSINESS

MFs add 10 lakh accounts in May, taking tally to an all-time high of 57.2 million

Equity mutual funds added over 6.5 lakh folios in the last month taking the total number of folios to an all-time-high of 3.35 crore in May

Investors' complaints received by fund houses rose 40% last fiscal year to 17,569

BUSINESS

Investors' complaints received by fund houses rose 40% last fiscal year to 17,569

Mutual funds attributed the number of complaints to increase in folio base or investor accounts

HDFC Mutual Fund says risk-reward in fixed income market reasonable

BUSINESS

HDFC Mutual Fund says risk-reward in fixed income market reasonable

Favourable economic scenario makes products like income, dynamic and gilt funds a reasonable bet once again.

Franklin Templeton expects 25 bps rate cut in near term; inflation may surprise on downside

BUSINESS

Franklin Templeton expects 25 bps rate cut in near term; inflation may surprise on downside

Franklin Templeton investments also stated that the central bank reinstated that it would “see through” inflation prints for the next couple of months before taking any action.

Tata Mutual Fund's CEO R Ganesh resigns

BUSINESS

Tata Mutual Fund's CEO R Ganesh resigns

Ganesh had joined Tata Mutual Fund on June 29, 2015

What are fund managers saying about the RBI's monetary policy

BUSINESS

What are fund managers saying about the RBI's monetary policy

Reserve Bank of India kept the key policy rate unchanged at 6.25 percent for the fourth time in a row.

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