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mutual fund: Latest News & Videos, Photos about mutual fund | The Economic Times

Fixed maturity plans (FMPs) continued to attract investor attention due to prevalent high yields of debt instruments in the financial market. Out of the 60 new fund offers (NFOs) from mutual funds during the month, FMPs accounted for as many as 54 new fund launches, higher than 48 launches in the previous month: CRISIL. SBI Funds Management Private Limited, the asset management company of SBI Mutual Fund, has appointed Dinesh Kumar Khara as its new MD & CEO. Mr Khara takes over from Mr Deepak Chatterjee, who is now an advisor to the fund house. Mr Dinesh Khara joined SBI as a probationary officer in 1984. During his 29 years tenure in SBI, Mr Khara has held many senior… more. A Morgan Stanley Research note states: During July, equity funds witnessed outflows at Rs 19 bn. Fixed income fund flows were also negative at Rs 479 bn. YTD equity funds have recorded outflows of Rs 67 bn, while fixed income fund have recorded inflows of Rs 92 bn. During the month, liquid funds reported outflows of Rs 453 bn, while income funds reported… more. The latest Crisil Mutual Fund Ranking released for June 2013 also reveals that UTI Mutual Fund led the tally of top ranked funds for the quarter with nine funds under Crisil Mutual Fund Rank 1; Birla Sun Life Mutual Fund followed with six top ranked funds and IDFC Mutual Fund with five top ranked funds. The latest Crisil Mutual Fund Ranking covers… more. Crisil Mutual Fund Rankings for quarter ended June 2013 released on Monday states: Indian fixed income markets were impacted, in the recent weeks, by the series of liquidity tightening measures by RBI to strengthen the rupee. With debt markets turning volatile after a steady run over the past year, investors are in a dilemma over their allocation in… more. Crisil: Direct plans now constitute 25% of mutual fund AUM Crossed the Rs.2 trillion mark, up 70% jump over March quarter; A study by CRISIL Research, one of India’s largest independent and integrated research houses, reveals that direct plans, launched since January 1, 2013, are increasingly attracting large investors. Average assets under management… more. A Crisil Research study reveals that direct plans, launched since January 1, 2013, are increasingly attracting large investors. Average assets under management (AUM) of direct plans offered by mutual funds rose by almost 70% to Rs 2.14 trillion during the June quarter from Rs 1.27 trillion in the March quarter. Direct plans now constitute 25% of the… more. ICICI Prudential Mutual Fund Hikes its Stake in Infotech Enterprises to 5.47: ICICI Prudential Mutual Fund under its various schemes and East Spring Investments (Singapore) Limited has purchased a 3.94% stake in the Hyderabad based mid-tier engineering solutions provider Infotech Enterprises in a secondary market transaction. With this, the shareholding… more. HDFC Asset Management Company, the portfolio manager of HDFC Mutual Fund, has decided to sell its stake in Nitesh Housing Developers, a subsidiary of Bangalore-based Nitesh Estates. The fund house had bought 10.1% stake in the real estate developer for Rs 68 crore in 2009. Nitesh Housing Developers owns four projects in Bangalore—Hyde Park, Columbus… more.
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