MF News

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

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

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

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 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.

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

SEBI says large investments in NFOs between 2001 and 2009 were a result of mis-selling; argues MFs have adjusted well

V Ganesh, Director, Karvy, says the company has the ability to handle any large NFO of the size of large public issues

Quantum Mutual Fund, sponsored by the Ajit Dayal founded Quantum Advisors, is a rebel. In an industry that’s dependent on distributors, this fund house has gone direct. It has bypassed the traditional distributors channel and is selling its mutual fund schemes to investors directly, says Ravi Samalad.

U K Sinha, Chairman of UTI Mutual Fund, is being considered by the government for appointment as Chairman of the Securities and Exchange Board of India (SEBI), according to reports.

Tushar Pradhan, CIO of HSBC Mutual Fund reviews Fooled by Randomness

LIC MF’s AUM fell 62% in 2010 and was the only fund house not to gain from the market upswing

Private sector dislodges public sector; Most public sector funds have withered

Bharti AXA and SBI have scrapped exit loads on some of their equity schemes. But it is unlikely to become a trend