MF News

The Bombay High Court has issued a stay order on the issue today, say industry sources.

The U.K. based fund house Schroders is looking to buy 30 percent stake.

Arindam Ghosh, CEO, Mirae Asset Global Investments says that the budget should grant equity status to international funds with over 65% exposure outside India. This according to him will be a definitive step to persuade Indian investors to take exposure to other financial markets through the mutual fund route.

The scheme offers a choice of three plans: debt, equity and money market.

The AUM of equity schemes increased by 3% to Rs. 1.61 lakh crore in February from Rs. 1.56 lakh crore in January helped by a 3% spurt in BSE Sensex in February.

Over 38,000 advisors vied for these honors. A combination of both quantitative and qualitative parameters was used to evaluate the advisors.

AMCs explore an alternate method to compensate distributor in order to reduce churning of assets.

The fund will invest in BlackRock Global Funds US Flexible Equity Fund.

In this article, we discuss why adopting a client-centered approach is so important to be a successful financial advisor.

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The scheme is aiming to expand its portfolio to capture the breadth of corporate India’s growth phase.

Industry insiders say that Kailash has the ability to take L&T MF to the next level.

Industry experts cite volatile markets and tax-free products as the key reasons for the drop.

The move is likely to benefit fund houses managing PMS or advisory funds.