1 vote
Reliance Mutual Fund said in a statement that it has been adjudged the Best Equity Fund House for the year 2008 by Morningstar India, the domestic arm of Morningstar, a global research and information provider on stocks, mutual funds.
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1 vote
SBI Mutual Fund will launch SBI Debt Fund Series 13 Months Fund-10 on Friday. Subscriptions to this plan will remain open until March 23, the fund house said in a notice On Thursday.
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1 vote
Public sector fund houses seemed to be the preferred choice for mutual fund (MF) investors in the current financial year. According to Sebi data for the period April 2008 to February 2009, the share of public sector mutual funds in total net assets shot up from 17.79 per cent to 20 per cent. In contrast, private sector mutual funds saw their market share slip from 82.28 per cent to 79.1 per cent.
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1 vote
February proved to be a good month for the mutual fund industry. After four months, the industry crossed the Rs 5-lakh crore mark in their average assets under management (AAUM) last month, with income and liquid funds leading in inflows.
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1 vote
I want to invest Rs 30,000 in an equity-linked savings scheme (ELSS).
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1 vote
As financial year 2008-09 draws to an end, banks have started paring their exposure to mutual fund instruments, especially liquid funds, to manage their capital adequacy ratio.
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1 vote
For the first time in five years, the average assets under management (AAUM) of mutual funds have fallen. The AAUM of fund houses fell by 7 per cent or Rs 36,798 crore to Rs 4.93 lakh crore in the financial year 2008-09, as against Rs 5.30 lakh crore in 2007-08, according to data from the Association of Mutual Funds in India (Amfi).
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1 vote
In order to avoid additional provisioning for investments in liquid funds, banks lowered their exposure to such instruments issued by mutual fund (MF) houses by 46.24 per cent to Rs 45,134 crore during the last fortnight of the financial year 2008-09, as against Rs 83,964 crore in the previous 14-day period ended March 13.??Latest data released by the Reserve Bank of India today, however, showed that in March, investments in these instruments were 141.46 per cent higher than the corresponding
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1 vote
Sample this: ELSS collected Rs 3,808 crore between January and March 2008. During the fourth quarter of 2008-09, they managed to mop up Rs 1,134 crore representing a fall of 70.20 per cent.
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1 vote
Stung by the Satyam scandal, heads of five leading fund houses are working on a stricter due-diligence system to identify companies that have a questionable record with regards to corporate governance.
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1 vote
The mutual fund industry posted its worst-ever performance in 2008-09, with almost all equity schemes depreciating their investors' wealth by 20-50 per cent. The only good news came from gold ETFs, which gave investors 22-24 per cent returns.
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1 vote
The mutual fund industry has suffered an erosion of a whopping Rs 1 lakh crore during the month of March alone due to huge redemptions from banks and institutional investors in liquid and money market funds.
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1 vote
I am a 35 year old salaried professional with two dependants (wife and a 4 year old son). Analyse my portfolio and suggest me the required changes.
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1 vote
Usually, I have a balance of Rs 40,000-50,000 in my savings account. This fetches me annualised returns of only 3.5 per cent. The interest that's credited depends on the balance during the first to tenth day of every month. I plan to withdraw this money after receiving the interest and invest the cash in a liquid fund. How safe are these funds? How much returns can I expect? Also, can you suggest a few funds.
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1 vote
The Securities and Exchange Board of India (Sebi) is finalising a second round of reforms for the mutual fund (MF) industry. The regulator is considering a slew of measures intended to protect investors interests and to ensure that fund houses have smoother and better regulated operations.
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