MF News

Reliance MF, UTI MF, Birla Sun Life MF and HDFC MF allow buying of units through mobile handsets

“Retire Rich–Invest Rs 40 a day” is the only book in India that talks about retirement planning

The assets under management of the mutual fund industry witnessed a marginal increase of 2.43 per cent to Rs. 6,65,286 crore

Investor awareness continues to be the mantra for asset management companies to reach out to investors

Newspaper reports said the committee searching for a new SEBI Chairman might ask Bhave to carry on for two more years

IRDA has told life insurers that major regulatory changes have already happened. In 2011, the changes would be fewer

Distributors are not praying for Sinha to be the next SEBI Chairman and do not see return of entry load ever

UTI MF is following up with “India Invest Karo” campaign after its earlier drive “Swatantra” reached out to 15 lakh people.

Over 8.86 lakh retail investor accounts for debt schemes were opened in a year contributing to increase in debt AUM

The company’s current shareholder Shinsei Investment I, Rakesh Jhunjhunwala and Freedom Financial Services Private have divested their entire stake in Shinsei Mutual Fund

Motilal Oswal Mutual Fund has filed an offer document with the Securities and Exchange Board of India (SEBI) to launch a new scheme called Motilal Oswal MOSt Shares Midcap ETF

The findings will be shared with AMFI, SEBI and all the fund houses and a final decision will be taken thereafter

Reliance MF, JP Morgan MF and Motilal Oswal MF have filed draft offer documents with SEBI to launch international funds. These offers will once again test the appetite for international funds as the response so far has not been encouraging.

Kotak Mahindra Mutual Fund, with effect from 1 January 2011, will be changing the name and investment objective of Kotak Mahindra 30 Unit Scheme.

Kotak Mutual Fund has appointed Pradeep Kumar, B.E., MMS (Finance) and CFA Charterholder, as a key personnel and an Equity Fund Manager of Kotak Mutual Fund.