Sundeep Sikka

Chugani has completed his Masters in Commerce from the University of Mumbai and Masters in Business Administration (MBA) from Duke University, USA.

Moneycontrol Mutual Fund Summit | Only solution to remain profitable is scale, says Nippon Life's Sundeep Sikka

Opportunity in the mutual fund industry is big but the key lies in execution, said Sikka

Digital, disruptive tech to enhance reach in fin services industry: Reliance MF CEO

Demonetization, digital India gave a positive push to financial services sector and will continue to aid the sector, said Sundeep Sikka, Executive Director and Chief Executive Officer, Reliance Mutual Fund.

MF industry likely to double investor base in next 3-years

Mutual fund industry is likely to double its investor base and register growth in next three years, a top official of a leading mutual fund house said here.

MF industry's target: 'Get 10% of population to invest in funds'

The mutual fund industry has grown nearly 10 times in assets over the past 10 years even as folio count growth has been somewhat moderate. Sundeep Sikka, ED and CEO of Reliance Nippon Life Asset Management, says this needs to change.

Retail investor enthusiasm in CPSE ETF picks up: Reliance Nippon

Sundeep Sikka, ED & CEO, Reliance Nippon Life Asset Management said it is a starting of a new trend where retail investors who have never been coming to ETF until now have started showing interest.

CPSE ETF oversubscribed 2-times, gets bids worth Rs 12,000 cr

The second tranche sale of government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 12,000 crore from investors, which is twice the amount sought to be raised.

Reliance MF CPSE ETF issue gets oversubscribed by four times

Reliance Mutual Fund CPSE ETF issue, which was opened for Anchor investors today, got oversubscribed by over 4 times, raising Rs 6,000 crore, by anchor investors.

Govt to decide on CPSE ETF follow on offer this month

The government will take a decision this month on a follow on offer for its CPSE ETF, managed by Reliance Mutual Fund, which will fetch about Rs 5,000 crore to the exchequer.

Reliance Growth Fund touches net asset value of Rs 900

This is the first fund in the industry to achieve this NAV level. The fund was launched 21 years ago in October 1995.

Give part of unused IPEF money to Amfi: Sebi tells mutual funds

Amfi, which will use that amount to create more awareness among investors. The capital market regulator has come across instances of mutual fund players using funds meant for investor education purposes in improper ways.

CMPFO to invest in equity for first time; ropes in SBI MF

The Coal Mines Provident Fund Organisation has selected SBI (PMS division), ICICI Securities Primary Dealership and Reliance Capital Asset Management as fund managers for its Rs 65,000 crore corpus of pension money belonging to 4.5 lakh coal workers.

India Finance Minister: I want an RBI rate cut

But having entrusted the Reserve Bank of India (RBI) with this responsibility, Jaitley said he was sure that the central bank was aware of economic developments and expressed confidence that the RBI will appropriately act with a sense of responsibility.

Domestic MFs have got $18 bn of inflows in one year: Sikka

"This shows a renewed sense of optimism about Indian markets, where foreign investors also continue to repose faith," Sikka told a gathering of institutional investors and fund managers here.

Downgrades: Sebi wants real-time reporting to MF trustees

Asked if there was any redemption pressure on his company, he said that "there would be some redemptions, but not much". "Apart from returns, the investors today are looking for things like quality of portfolio, research capability at the back-end and above all, net worth of the company."

Equity fund inflows near record as retail investors return

Investment in Indian equity mutual funds by domestic retail investors has hit the highest since 2008, signalling the return of individual players drawn to a stock market that is outperforming physical assets such as gold and real estate.

Mutual Funds bullish on EPFO move to invest in equity funds

The government's decision to allow Employees' Provident Fund Organisation (EPFO) invest 5 percent of its Rs 1 trillion investible fund in exchange traded equity funds has made mutual fund houses bullish about launching retirement equity funds, industry officials said.

HDFC MF remains most profitable fund house; Reliance MF 2nd

HDFC Mutual Fund has retained its position as the most profitable fund house in 2014-15, with a profit after tax (PAT) of Rs 416 crore, while rival Reliance MF remains at the second place.

MFs asset base may reach Rs 20 lk cr by 2018: Reliance Cap

In an interview to CNBC-TV18, Sundeep Sikka of Reliance Capital Asset Management says retail investors are coming into the market with a lot of maturity and for the longer-term.

MFs to have 10-cr investor a/c, Rs 20-trn asset base by '18

At present, the number of folios or investor accounts across the industry stands at a little over four crore. The overall asset base of mutual funds can reach Rs 20 trillion by 2018, from about Rs 12 trillion now, top fund house Reliance Mutual Fund's CEO Sundeep Sikka said

FPIs pump in Rs 24,500 cr in Feb; inflows may accelerate

Foreign investors poured in over Rs 24,500 crore in Indian capital markets last month and analysts expect the inflows to rise after the Union Budget sought to address concerns on controversial issues like GAAR and retrospective taxation.

Reliance MF says group investments at 3.2% of AUM

The fund houses have so far not been disclosing the exact amount of investments by their group companies in their respective schemes, but industry estimates suggest that such investments vary from as low as 3 percent to as high as 20 percent for different AMCs.

Amfi appoints Reliance MF's Sundeep Sikka as its chairman

The decisions were taken at the annual general body meeting of Amfi and were communicated to fund houses by the association CEO H N Sinor.

New investors coming into debt, entering via SIP: Rel MF

There are a lot of positive, qualitative things happening internally. More investors are coming into the mutual fund industry. New investors are coming into debt, initial investors are coming through SIPs

Reliance AMC's Singapore arm crosses USD one-bn AUM

On the back of crossing the USD one-billion Assets Under Management (AUM) mark by its Singapore subsidiary, Reliance Capital Asset Management today said it plans to double its global assets portfolio in the next three years.