MF News

Birla Sun Life Mutual Fund has announced the NFO Birla Sun Life Fixed Term Plan - Series FN, a close ended debt scheme.

The NFO opens on June 06 and closes on June 19, 2012

Naval Bir Kumar, the earlier President and CEO of IDFC MF, has assumed a bigger role in the IDFC group.

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Fund house has not had a Chairman/CEO for 16 months; wants a seasoned financial services professional with two decades of experience.

The AMC will distribute 1 lakh cloth bags on the occasion of world environment day.

The National Institute of Securities Markets (NISM) has hiked the Continuing Professional Education (CPE) course fee more than two-fold, effective 1st June 2012.

Non-updation of address, bank details, PAN, and discrepancies in account statements are the most common complaints received by AMCs. Most complaints were resolved within 30 days.

The AMC added 2.24 lakh folios last year which took its total investor base to 1.01 crore as on March 2012. The last time it had crossed the 1 crore folio mark was in January 2010.

S. Naren, CIO – Equity, ICICI Prudential AMC says historically whenever money is invested with interest rates at highs and markets at attractive valuations, returns in the near future have beaten expectations of gloom that were prevailing then. His perspective on the current market situation makes interesting reading...

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Even as the bandh evoked a mixed response across India, the Cafemutual team found that many IFAs functioned normally.