SBI MF, a joint venture between SBI and French major Amundi, is the sixth-largest fund house with an AUM of Rs 86,000 crore as of the June quarter and is all set to cross the Rs 1 lakh crore mark by the September quarter.
Daiwa Mutual Fund announces change in investor relations officer, with effect from October 01, 2013
The Indian mutual fund industry is not clear of challenges, but that's not keeping foreign players at bay, report CNBC-TV18's Mitra joshi and Priyanka Ghosh.
The markets kicked the week off on a muted note. The frontline indices traded in a narrow range, and finally closed absolutely flat. The Nifty ended the session just below 5,400, while the Sensex shut shop at 18,037, with a 29 point gain.
N Sethuram of Daiwa believes now is a good time to take a call on a medium to long-term basis and start investing into this market. He expects domestic flows to continue to remain strong.