Bank of India eyes asset mgmt biz

Bank of India has plans to get in to AMC biz for which it is looking for foreign partners, reports CNBCTV18. BoI has invited bids from five foreign players to launch the biz in India including Japanbased Daiichi Life and Spainbased BBVA Asset Management. BoI has invited bids from two AMCs from UK, the FarEast and MiddleEast too.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=350967

MF NAVs close higher as markets gain

Equity diversified NAVs ended higher with advance:decline of 154:65 as markets closed with marginal gain after fizzling out rally due to profit booking at higher levels and rising in crude oil price.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=350808

Mirae Asset’s AUM crosses Rs 3000 crore

Mirae Asset Mutual Fund, crossed Rs 3000 crores AUM at the end of July’08.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=350682

MF NAVs surge higher as mkts rally

Equity diversified NAVs surged quite strongly with positive advance:decline ratio of 209:5 as markets witnessed sharp rally in second half of session and closed near days high. Strong value buying was seen in rate sensitives and infrastructure stocks, which lift broader indices up.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=350604

Birla Sun Life Frontline Equity declares 20% dividend

Birla Sun Life Frontline Equity Fund has announced a dividend of 20%, for which the record date is August 8, 2008.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=350515

Mutual Fund NAVs end higher

Equity diversified NAVs ended higher with positive advance:decline ratio of 159:45 despite markets closed with marginal loss amid extreme volatility through the day. Selling pressure was seen in major oil, capital goods, select banking and power while buying in metal, pharma and select technology stocks.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=350424

Reliance MF maintains top position: AMFI

According to data released by AMFI, Reliance Mutual Fund maintains top position with Rs 84,563.9 crore AUM in July, it has fallen 6.8% M0M. ICICI Prudential ranked second with Rs 55,160.6 cr AUM in July: down 7.2% MoM. HDFC Mutual Fund maintains third position with 3.7% fall in AUM, at Rs 50,752 crore in July.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=350249

MF NAVs end with positive returns as mkts surge

Equity diversified NAVs ended with positive returns as markets closed session on strong note on the back of huge buying in capital goods, power, oil gas, banking, metal, realty and technology stocks.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=350159

MF NAVs end with positive returns

Equity diversified NAVs ended higher as markets closed with marginal gain after witnessing volatility through the day. Advance:Decline ratio stood at 142:58. The Sensex closed at 14,355.75, up 68.54 points or 0.48%, after hitting an intraday high of 14,369.59 and low of 14,161.76.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=349938

ING MF launches Global Commodities Fund

ING Mutual Fund has launched ING Optimix Global Commodities Fund, that aims to achieve longterm capital growth by investing primarlly in units of global mutual funds which invests in commodity related securities.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=349804

MF NAVs end sharply higher as mkts gain

Equity Diversified NAVs ended higher with advance:decline ratio of 215:8 as markets closed with strong gains. There was a huge buying interest seen in realty, bank, metal, IT, power, oil gas, capital goods and auto stocks. The BSE midcap and smallcap indices gained over 1.5% each.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=349695

Looking for good debt investment options?

The Reserve Bank of India or the RBI Governor YV Reddy has rather shocked the bond market with his decision. How does this affect your debt or bond investments? What could be a good debt investment option right now? Fixed Maturity Plans or FMPs may be a good bet as their lockin period ranges from one month to three years.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=349622

Now fund managers to manage Rs 2.5 lakh cr EPF corpus

It could be the first step towards professional management of the employees provident fund. The board of trustees of the fund has selected four fund managers to manage the Rs 2.5 lakh crore corpus.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=349458

MF NAVs crash as rates hike shattered markets

Equity diversified NAVs crashed as more than expected hike in repo rate and CRR by RBI has smashed out markets very badly. Rate sensitives like banking, realty and auto, and infrastructure sectors like capital goods and power took huge beating on the bourses.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=349429

Mutual Fund NAVs bounce back

Equity diversified NAVs bounced back with strong advance:decline ratio of 202:10 as markets closed higher after range bound session. It was a slightly cautious trading session ahead of RBI policy meet.

http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=349214