MF News

UTI MF’s Children Career Plan helps over nine lakh girls born in below poverty line families

IDFC collects Rs 765 crore from 3.88 lakh investors in the second tranche of its retail infrastructure bond issue

New KYC norms seem to have slowed down SIP registrations. However, the industry is confident that this is just a short-term glitch

HDFC won the best multi-asset and best equity fund house awards at the Morningstar funds awards show held in Mumbai

Fidelity Mutual Fund has bagged three awards for its Fidelity Tax Advantage Fund and Fidelity Equity Fund at the recently held ICRA Mutual Fund awards

IDBI Mutual Fund increases the face value of Liquid Fund

Taurus Mutual Fund revises exit load under Bonanza Fund and MIP Advantage Fund

Birla Sun Life Mutual Fund revises exit load in Birla Dynamic Bond Fund

Edelweiss Mutual Fund reduced minimum investment amount in Ultra Short Term Bond Fund and Liquid Fund

Tata MF changes fund management

Public sector MFs have a little over 20 per cent market share but they accounted for 72 per cent of the fall in the industry AUM in the nine months ended Dec 31, 2010

Investments in liquid schemes surged 83 per cent in January to Rs 1,62,437 crore; banks investments in MFs rise more than five times in first two weeks of January

AMFI asks finance ministry to treat mergers of schemes on par with corporate mergers to save investors from having to pay tax

Religare MF converts Religare Mid N Small Cap Fund into open ended scheme

Capital market regulator SEBI under the chairmanship of CB Bhave decided that intermediaries who seek renewal licenses will be granted a onetime approval during the first renewal stage for a period of five years