‘We aspire to be among the top ten AMCs’
After acquiring Fidelity, L&T launched its first equity fund L&T Emerging Business Fund which collected Rs. 230 crore. Kailash Kulkarni, Chief Business Officer, L&T Mutual Fund in an interview with Cafemutual talks about how his fund house is trying to make its mark in the industry.
by Ravi Samalad May 22, 2014
ICICI Prudential and IDFC see highest growth in equity assets
While the industry’s assets under management in equity funds grew 11%, ICICI Prudential and IDFC saw their equity assets grow by over 20% last fiscal.
by Nishant Patnaik May 21, 2014
Direct plans now constitute 33 percent of total industry AUM: CRISIL
The assets under management of direct plans in equity funds too has grown from Rs. 2,700 crore in March 2013 to Rs. 7,818 crore in March 2014.
by Ravi Samalad May 20, 2014
Union KBC launches Small and Midcap Fund
The NFO opened for subscription on May 20 and closes on June 03.
by Team Cafemutual May 20, 2014
Satya Narayan Baheti is the new MD & CEO of IDBI MF
Baheti took over the charge from Debasish Mallick who has now moved to IDBI bank.
by Team Cafemutual May 19, 2014
Financial advice just a missed call away!
First generation entrepreneur C S Sudheer started IndianMoney.com at the age of 22. He tells Cafemutual how his company has dispensed free advice to over six lakh investors across India on phone.
by Ravi Samalad May 19, 2014
Akshay Gupta quits Peerless, may join Indiabulls Mutual Fund
Akshay had joined Peerless Mutual Fund in 2007.
by Ravi Samalad May 19, 2014
Fund houses start cash transactions in mutual funds
HDFC, Birla Sun Life, Peerless and UTI have started accepting cash investments in their schemes.
by Ravi Samalad May 19, 2014
Three more closed end equity funds hit the market
Birla Sun Life, Reliance and Sundaram have come out with their NFOs.
by Team Cafemutual May 16, 2014
Fund managers welcome Modi Sarkar
The Sensex crossed 25300 mark while Nifty was up 1.12%.
by Team Cafemutual May 16, 2014
Birla Sun Life AMC buys schemes of ING Mutual Fund
This acquisition adds Rs. 1,100 crore assets to the kitty of Birla Sun Life Mutual Fund.
by Team Cafemutual May 15, 2014
Investors too can invest online directly through MF Utility
Distributors fear that their existing clients may start investing in direct plans.
by Ravi Samalad May 15, 2014
Deutsche Mutual Fund launches Hybrid Fixed Term Plan
The fund opens for subscription on 16th May and closes on 30th May.
by Team Cafemutual May 15, 2014
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