MF News

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

With effect from December 20, 2010, the equity portion of Edelweiss Income Advantage Fund, an open ended debt scheme will be managed by Paul Parampreet, Fund Manager - Equity

SEBI met MF CEOs last week to discuss investor complaints. AMFI has set up a committee to look into the issue

Mutual Funds expect liquidity easing measures to soften yields on government bonds till the end of 2010-11.

Mittal will manage two schemes -- Principal Near-Term Fund - Conservative Plan and Principal Cash Management Fund

IDFC MF to gain from the global reach of Natixis Global Asset Management of France

With effect from December 20, 2010 Kotak Balance Unit Scheme 99 and Kotak Income Plus, will be managed by Pankaj Tibrewal, Krishna Sanghvi and Abhishek Bisen