MF News

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Two schemes of Principal discontinues on NEAT MFSS owing to certain operational difficulties and till further notice

More than the pressure to perform, greater opportunities in a booming market make fund managers to move

There will be no exit loads in Bharti AXA Equity Fund and Bharti AXA Focused Infrastructure Fund

The Citibank fraud has made wealth managers run for damage control

JM MF changes investment objectives of JM Nifty Plus scheme; allows investors exit option till January 28.

14 schemes have AUM of less than Rs 1 crore

UTI Mutual Fund is considering closing down its index fund launched in July 2003

David Pezarkar, Head - Equities, Shinsei Asset Management (India), reviews Big Short written by Michael Lewis

Only about 10% of the distributors have completed the KYD procedure so far; two months left for compliance

An overwhelming majority of IFAs want regulation to be framed for them so that their business environment gets better. Also, IFAs feel industry was not supportive enough, reveals Cafemutual survey. Read on for more interesting findings

Central Bank of India has tied up with L&T Mutual Fund

Existing expense ratios to continue; MFs say no to a flat expense ratio of 1.5% for equity schemes

The number of mutual fund schemes is likely to fall substantially as mutual fund houses consolidate similar schemes

Goldman Sachs, one of the top 10 assets managers globally, is likely to launch mutual fund business in India in 2011