MF News

Leading fund managers share their perspective on the impact of RBI’s mid quarter policy outcome.

AMFI is also starting its campaign ‘Savings Ka Naya Tareeka’ on radio channels.

There have been a series of equity fund launches in November which helped industry add new folios.

UTI MF has declared dividend under its two open ended schemes - UTI Equity Tax Savings Plan (UTI-ETSP) and UTI Unit Scheme for Charitable and Religious Trusts and Registered Societies (UTI-CRTS). The record date of dividend under both the options is December 18, 2013.

EUIN remediation period is set to come down to seven days from January 01, 2014.

Templeton India Growth Fund declared 40% dividend to its investors.

Investors are redeeming from debt funds to invest in high yield tax-free bonds.

The two are the latest in the spate of launch of closed end funds

HSBC Invest Direct was managing Rs 914 crore in mutual funds.

Ganti Murthy, Head – Fixed Income, IDBI Mutual Fund says that the recent volatility has shaken the confidence of investors.

The fund house will also create awareness about the attractiveness of financial advisory as a career among students.

Also, 74% of Indians are willing to pay for advice on pension products, says a study of CII and Ernst and Young LLP.

Tax free bond of India Infrastructure Finance Company Limited (IIFCL) offers an attractive coupon rate of 8.91% per annum to retail investors for the tenure of 20 years.

The new upgraded platform is expected to be launched on January 14, 2014.

ICICI Prudential Value Fund, Axis Small Cap Fund, Union KBC Trigger and Shriram Equity and Debt Opportunities Fund were launched in November.