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India Mutual Funds News

Reliance Capital to offer insurance cover on funds

Indian mutual fund firm Reliance Capital Asset Management Ltd said on Friday it will offer life insurance cover investors opting for systematic investment plan (SIP) route in 11 of its funds.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Reliance_Capital_to_offer_insurance_cover_on_funds/rssarticleshow/3024108.cms

UTI mutual launches fixed income fund

State-run UTI Asset Management Co Ltd on Friday launched a close-end fixed income fund with a maturity profile of 12 months.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/UTI_mutual_launches_fixed_income_fund/rssarticleshow/3024045.cms

UTI MF kicks off pension fund management

UTI MF has begun managing pension funds totalling Rs 500 crore from the end of March, and is now hoping for an approval to manage the investments of the Employee Provident Fund Organisation.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/UTI_MF_kicks_off_pension_fund_management/rssarticleshow/3020089.cms

Kotak Mahindra MF launches Kotak Sensex ETF

Kotak Mahindra Asset Management Company, today announced the launch of an exchange-traded fund focusing on investing in stocks that comprise the BSE Sensex called Kotak Sensex ETF.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Kotak_Mahindra_MF_launches_Kotak_Sensex_ETF/rssarticleshow/3019031.cms

Kotak AMC launches Sensex ETF

Kotak Mahindra Asset Management Company announced the launch of an exchange traded fund focusing on investing in the 30 stocks BSE Sensex.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Kotak_AMC_launches_Sensex_ETF/rssarticleshow/3018982.cms

ICICI Pru, Kotak fund managers join Canara Robeco

Mutual fund firm Canara Robeco Asset Management has appointed Anand Shah and Ritesh Jain as heads of equity and fixed income, respectively, a top executive said on Wednesday.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/ICICI_Pru_Kotak_fund_managers_join_Canara_Robeco/rssarticleshow/3018162.cms

UTI Dividend Yield Fund declares tax-free dividend of 7%

UTI Dividend Yield Fund has declared a tax-free dividend of seven per cent (Re 0.70 per unit on a face value of Rs 10).

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/UTI_Dividend_Yield_Fund_declares_tax-free_dividend_of_7/rssarticleshow/3012888.cms

Birla Sun Life AMC in distribution tie-up with J&K Bank

Birla Sun Life AMC on Monday said it has entered into a strategic partnership with the Jammu & Kashmir Bank for distribution of its mutual fund products.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Birla_Sun_Life_AMC_in_distribution_tie-up_with_JK_Bank/rssarticleshow/3012567.cms

JPMorgan AMC offers Optimiser STP upfront market

JPMorgan Asset Management India on Monday launched Optimiser Systematic transfer plan to its customers.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/JPMorgan_AMC_offers_Optimiser_STP_upfront_market/rssarticleshow/3012468.cms

Mutual fund assets jump 7% in April

With the market staging a gradual recovery, the mutual fund industry recouped as well with its assets growing by Rs 36,584 crore in the past month.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Mutual_fund_assets_jump_7_in_April/rssarticleshow/3012228.cms

Taurus mutual to triple headcount, branches

India's Taurus Asset Management plans to more than triple headcount and branches in FY09 to reverse a slide in its market share and compete in the surging domestic mutual fund industry, a top executive said on Monday.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Taurus_mutual_to_triple_headcount_branches/rssarticleshow/3011456.cms

Edelweiss gets regulator's nod to launch funds

Financial services firm Edelweiss Capital said on Monday it has received the regulatory approval to begin fund operations to join the country's 33-member mutual fund industry.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Edelweiss_gets_regulators_nod_to_launch_funds/rssarticleshow/3010951.cms

Sandalwood plans 2nd fund, to raise $350 mn

Sandalwood Partners, an early-stage venture capital (VC) firm largely focused on the technology sector, is drawing up plans to raise a second fund to the tune of $350 million.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Sandalwood_plans_2nd_fund_to_raise_350_mn/rssarticleshow/3010373.cms

Mutual funds foray at 'appropriate time' : Corporation Bank

Public sector lender, Corporation Bank, has ruled out entering the insurance business in the medium-term and would decide about its mutual funds foray at "the appropriate time", a top bank official said.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Mutual_funds_foray_at_appropriate_time__Corporation_Bank/rssarticleshow/3009008.cms

Real estate MF can invest in million-plus cities: SEBI

They cannot invest in properties under construction, vacant land, deserted property, land for agricultural use among other things. <a href=" http://economictimes.indiatimes.com/quickiearticleshow/2738315.cms" target="_blank">Ways to choose a MF</a> I <a href="http://economictimes.indiatimes.com/articleshowpics/3004748.cms" target="_blank">Day in pics</a>

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Real_estate_MF_can_invest_in_million-plus_cities_SEBI_/rssarticleshow/3005595.cms

Reliance MF first to cross Rs 1 lakh-crore AUM mark

Anil Ambani-promoted Reliance Mutual Fund - the number one mutual fund in the country in terms of assets under management.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Reliance_MF_first_to_cross_Rs_1_lakh-crore_AUM_mark/rssarticleshow/3003101.cms

UTI AMC, LIC MF in race to manage pension scheme

UTI Asset Management and LIC Mutual Fund Asset Management are in the race for managing the country’s largest pension scheme. <a href="http://economictimes.indiatimes.com/quickiearticleshow/2955824.cms" target="_blank">Tips to plan early retirement</a>

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/UTI_AMC_LIC_MF_in_race_to_manage_pension_scheme/rssarticleshow/2999991.cms

UTI AMC, LIC MF to bid for managing pension scheme

UTI Asset Management Co (P) Ltd and LIC Mutual Fund Asset Management Co Ltd will bid for management of the country's largest pension scheme.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/UTI_AMC_LIC_MF_to_bid_for_managing_pension_scheme/rssarticleshow/2998092.cms

Axis Bank's private equity arm raises $148 mn

The private equity arm of Indian private sector Axis Bank said on Tuesday its infrastructure fund had raised 6 billion rupees ($148 million).

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Axis_Banks_private_equity_arm_raises_148_mn/rssarticleshow/2996044.cms

SEBI flags off real estate mutual funds

More than two years after the idea of real estate mutual funds was mooted in India, stock market regulator SEBI on Friday finally gave its blessing to fund houses looking to launch this product.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/SEBI_flags_off_real_estate_mutual_funds/rssarticleshow/2983887.cms

PSEs free to park funds in any MFs

The government has allowed CPSEs to park 30% of their cash surplus either in equity or debt instruments or money market mutual funds. <a href="http://economictimes.indiatimes.com/articleshow/2980850.cms" target="_blank">Heard on the street</a>

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/PSEs_free_to_park_funds_in_any_MFs/rssarticleshow/2980786.cms

iFast, Deutsche Bank AMC tie up for MF distribution in India

The asset management arm of global banking major Deutsche Bank and iFast Corporation Singapore have entered into an agreement to set up an independent mutual fund distribution platform.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/iFast_Deutsche_Bank_AMC_tie_up_for_MF_distribution_in_India/rssarticleshow/2976517.cms

Warburg closes $15 billion PE fund

Global private equity firm, Warburg Pincus, on Tuesday said it has closed the $15 billion Warburg Pincus Global Private Equity fund.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Warburg_closes_15_billion_PE_fund/rssarticleshow/2972884.cms

India's wealth management industry to grow 15 pc annually: Survey

India's wealth management industry seems to be least affected by the global economic slowdown, with about two-third wealth managers in Asia expecting over 15 per cent annual growth in revenues from the country.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Indias_wealth_management_industry_to_grow_15_pc_annually_Survey/rssarticleshow/2968665.cms

ICICI Pru Focused Fund eyes stocks best fit for survival

At a time when the equity market has seen 20-25 per cent correction from the start of 2008, ICICI Prudential Mutual Fund has reposed faith in equities with the launch of ICICI Prudential Focused Equity Fund.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/ICICI_Pru_Focused_Fund_eyes_stocks_best_fit_for_survival/rssarticleshow/2967771.cms

India funds among top performers for Gulf investors: Lipper

India-focused equity funds gave an average return of 71.08 per cent, against the overall average of 26.40 for all the equity funds. <a href="http://economictimes.indiatimes.com/articleshowpics/2965026.cms" target="_blank">World News & Trends</a>

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/India_funds_among_top_performers_for_Gulf_investors_Lipper/rssarticleshow/2965533.cms

Sundaram BNP Paribas launches 2 thematic funds

Sundaram BNP Paribas Mutual Fund has launched a thematic fund which will invest substantially in the BFSI sector.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Sundaram_BNP_Paribas_launches_2_thematic_funds/rssarticleshow/2959953.cms

Mirae plans slew of launches with focus on equity

Mirae Asset Global Investment (India) is all set to make its presence felt in the India mutual fund industry with a variety of product launches.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Mirae_plans_slew_of_launches_with_focus_on_equity/rssarticleshow/2959829.cms

3i raises $1.2 bn in India infra fund

UK-based private equity fund 3i Group said on Wednesday it has raised $1.2 billion for its 3i India Infrastructure Fund, about 20 per cent higher than its initial $1 billion target.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/3i_raises_12_bn_in_India_infra_fund/rssarticleshow/2955851.cms

ING India unit plans fund to invest in Latin America

ING Investment Management (India) on Tuesday filed initial papers with the market regulator to launch a fund of funds that would invest in one of ING Group's existing fund targetting firms in Latin America.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/ING_India_unit_plans_fund_to_invest_in_Latin_America/rssarticleshow/2953856.cms

Bharti AXA plans three fixed income funds

Bharti AXA Investment Managers on Tuesday filed initial papers with market regulator to launch three fixed income funds.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Bharti_AXA_plans_three_fixed_income_funds/rssarticleshow/2953818.cms

Government still debating setting up sovereign fund: RBI

Government is still debating setting up a domestic sovereign wealth fund, the RBI governor said, adding a policy on investments in India by foreign sovereign wealth funds had not yet been finalised.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Government_still_debating_setting_up_sovereign_fund_RBI/rssarticleshow/2952866.cms

CRISIL rates Canara Robeco Liquid Plus scheme 'AAAf'

CRISIL has assigned a rating of 'AAAf' to Canara Robeco Mutual Fund’s Canara Robeco Liquid Plus Scheme, which indicates that the fund’s portfolio will provide ‘very strong’ protection against losses due to credit defaults.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/CRISIL_rates_Canara_Robeco_Liquid_Plus_scheme_AAAf/rssarticleshow/2945161.cms

UTI Mutual opens new financial centre at Patiala

UTI Mutual Fund Thursday launched a new UTI Financial Centre at Patiala. The centre will provide easy access to investors in the areas of Fatehgarh, Sangrur, Kaithal and Mansa.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/UTI_Mutual_opens_new_financial_centre_at_Patiala/rssarticleshow/2943401.cms

Fixed maturity plans support mutual funds in March: Crisil

The mutual fund industry, which witnessed an over six per cent decline in its assets in March, received some support from inflows through the fixed maturity plans.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Fixed_maturity_plans_support_mutual_funds_in_March_Crisil/rssarticleshow/2941092.cms

Kotak Mahindra Mutual Life grows by 88% at Rs 1,052 crore

Kotak Mahindra Old Mutual Life Insurance on Wednesday recorded a growth of 88 per cent for the year ended March 31 and targets 100 per cent growth in the current fiscal.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Kotak_Mahindra_Mutual_Life_grows_by_88_at_Rs_1052_crore/rssarticleshow/2938977.cms

ING plans global natural resources fund for India

ING Investment Management (India) Pvt Ltd on Tuesday filed initial papers with market regulator SEBI to launch a fund of funds that would mainly invest in one of ING Group's existing natural resources fund.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/ING_plans_global_natural_resources_fund_for_India/rssarticleshow/2935665.cms

FMP regime to undergo radical change soon

A fund house can launch a fixed maturity plan within six months of getting permission from the market watchdog.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/FMP_regime_to_undergo_radical_change_soon/rssarticleshow/2934033.cms

AIG eyes gold rush, launches global fund

AIG Investments on Monday announced the launch of AIG World Gold Fund, an open ended fund of funds scheme which will invest in companies engaged in extracting, processing and marketing of gold.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/AIG_eyes_gold_rush_launches_global_fund/rssarticleshow/2933117.cms

Realty MFs to throw doors open to investors soon

SEBI to issue guidelines within a fortnight, enabling investors to participate in the booming real estate sector. <a href="http://economictimes.indiatimes.com/War_on_Inflation/specialcoverage/2920071.cms" target="_blank">War on Inflation</a> | <a href="http://economictimes.indiatimes.com/articleshow/2928187.cms" target="_blank">Heard on the Street</a>I <a href="http://economictimes.indiatimes.com/articleshowpics/2928158.cms" target="_blank">Biz week in pics</a>

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Realty_MFs_to_throw_doors_open_to_investors_soon/rssarticleshow/2926935.cms

AIG MF set to launch new fund schemes

AIG Global Asset Management Company (India) is set to launch a variety of mutual fund schemes in India, banking on India’s macro economic growth.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/AIG_MF_set_to_launch_new_fund_schemes/rssarticleshow/2926241.cms

Sundaram BNP Paribas to launch 2 stock funds by May

Indian mutual fund firm Sundaram BNP Paribas Asset Management plans to offer two equity funds by the first week of May, a top official said on Friday.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Sundaram_BNP_Paribas_to_launch_2_stock_funds_by_May/rssarticleshow/2926139.cms

SEBI norms on realty mutual funds likely in 15 days

SEBI is likely to issue guidelines for real estate mutual funds that will enable the investors in the market to access the realty sector that has witnessed impressive growth in the last few years.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/SEBI_norms_on_realty_mutual_funds_likely_in_15_days/rssarticleshow/2925459.cms

RBI lets Mutual Funds invest $7 bn abroad

Asset management companies will now be allowed to invest $7 billion abroad, with RBI relaxing norms relating to overseas investment by MFs. <a href="http://economictimes.indiatimes.com/articleshow/2924162.cms" target="_blank">Heard on the Street</a>

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/RBI_lets_Mutual_Funds_invest_7_bn_abroad/rssarticleshow/2924141.cms

Mutual funds give smart returns in FY 08 despite Q4 losses

hose investing in stock markets through mutual funds may have a reason to rejoice, as losses suffered in January-March period pale before the huge positive returns in the previous three quarters, a report said.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Mutual_funds_give_smart_returns_in_FY_08_despite_Q4_losses_/rssarticleshow/2923095.cms

Bharti AXA gets nod to launch funds in India

Bharti AXA Investment Managers said on Wednesday it has received regulatory approval to launch mutual funds in India's 33-member 5.6-trillion-rupee fund industry.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Bharti_AXA_gets_nod_to_launch_funds_in_India/rssarticleshow/2920089.cms

Triangle realty fund buys 27% in Prozone arm

Triangle Real Estate India Fund, co-promoted by ICS Group and Old Mutual Investment Group Property Investments (OMIGPI), has inked an agreement to invest Rs 457 crore for a 27% stake in a Prozone Enterprises subsidiary.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Triangle_realty_fund_buys_27_in_Prozone_arm/rssarticleshow/2915111.cms

Principal Mutual Fund declared 80 pc dividend

Principal Mutual Fund on Friday declared 80 per cent dividend on Principal Tax Savings Fund.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Principal_Mutual_Fund_declared_80_pc_dividend/rssarticleshow/2907448.cms

Tata Asset plans natural resources fund

Tata Asset Management Ltd on Thursday sought approval from the market regulator to launch an open-end equity fund to invest in firms engaged in natural resources.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Tata_Asset_plans_natural_resources_fund/rssarticleshow/2904633.cms

Indian funds must trade actively in corp debt: Reliance

Indian mutual funds must trade more actively in the secondary markets for corporate debt to deepen market liquidity and ensure better price discovery, a fund manager said on Wednesday.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Indian_funds_must_trade_actively_in_corp_debt_Reliance/rssarticleshow/2901228.cms

SBI MF announces dividend

SBI Mutual Fund on Tuesday announced 25 per cent dividend for its magnum sector fund umbrella emerging business fund and six per cent for SBI Arbitrage Opportunities Fund under its dividend option plan.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/SBI_MF_announces_dividend/rssarticleshow/2899452.cms

Principal Mutual Fund declares 400% dividend

Principal Mutual Fund has declared a dividend of 400 per cent on one of its schemes.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Principal_Mutual_Fund_declares_400_dividend/rssarticleshow/2882354.cms

SBI MF to launch real estate fund

SBI Mutual Fund has filed the offer document with Sebi for launching a dedicated scheme for the real estate and related sector.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/SBI_MF_to_launch_real_estate_fund/rssarticleshow/2863276.cms

DSP Merrill Lynch launches close-end debt fund

DSP Merrill Lynch Fund Managers Ltd on Friday launched a close-end debt fund with a maturity profile of three months.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/DSP_Merrill_Lynch_launches_close-end_debt_fund/rssarticleshow/2865029.cms

Fidelity announces dividends in two schemes

Fidelity Fund Management has announced dividends in the Fidelity Equity Fund and the Fidelity Tax Advantage Fund.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Fidelity_announces_dividends_in_two_schemes/rssarticleshow/2851652.cms

IOC can invest only in big equity MFs

Fortune 500 firm IndianOil’s (IOC) proposed strategy to invest its surplus funds estimated at Rs 35,000 crore for current fiscal - is restricted to only big equity-linked mutual fund (MF) schemes of minimum Rs 500 crore.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/IOC_can_invest_only_in_big_equity_MFs_/rssarticleshow/2850668.cms

IDFC to buy StanChart MF for Rs 830 cr

Infrastructure Development Finance Corporation (IDFC) will buy Standard Chartered Mutual Fund. IDFC will pay $205 million (Rs 830 crore), way above $135 million (Rs 542 crore), the amount offered by UBS for the AMC in January last year.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/IDFC_to_buy_StanChart_MF_for_Rs_830_cr/rssarticleshow/2846455.cms

IDFC to acquire Standard Chartered Mutual Fund for $205 mn

IDFC is said to have initially bid $175 mn, but reportedly revised its bid to around $205 mn. Shinsei is also said to have bid around $200 mn. <a href="http://economictimes.indiatimes.com/marketstats/2189002.cms" target="_blank">Gainers and Losers</a>

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/IDFC_to_acquire_Standard_Chartered_Mutual_Fund_for_205_mn/rssarticleshow/2845335.cms

Single & looking for financial independence? Start early

With International Women’s Day around the corner, ET offers tips on financial planning to independent women. <a href="http://economictimes.indiatimes.com/quickiearticleshow/2738315.cms" target="_blank">How to choose a MF?</a>

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Single__looking_for_financial_independence_Start_early/rssarticleshow/2841472.cms

Credit default swaps: Is your fund at risk?

Complex financial instruments called credit default swaps have roiled the financial markets for months. They’re at the heart of bond insurers’ woes and were a reason why insurance giant AIG just added billions to a planned writedown.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Credit_default_swaps_Is_your_fund_at_risk/rssarticleshow/2841460.cms

Asipac to launch real estate fund

Realty marketing and consultancy firm Asipac Projects is close to putting together a real estate fund, in association with a few institutional investors.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Asipac_to_launch_real_estate_fund/rssarticleshow/2841199.cms

Mirae Asset extends close date of Indian fund

Mirae Asset Global Investment Management (India) said on Wednesday it has extended the closing date of its first fund by a day to March 11.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Mirae_Asset_extends_close_date_of_Indian_fund/rssarticleshow/2838840.cms

Exit of I-T rebate on STT makes it tough for MFs too

The proposals relating to STT are expected to push up the tax liability of a day trader and thus squeeze his returns. <a href="http://economictimes.indiatimes.com/quickiearticleshow/2738315.cms" target="_blank">How to choose MF?</a> | <a href="http://budgetwithet.economictimes.indiatimes.com" target="_blank">Budget Coverage</a>

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Exit_of_I-T_rebate_on_STT_makes_it_tough_for_MFs_too/rssarticleshow/2838066.cms

Mutual funds' assets grow to Rs 5.65 trillion in Feb

Country's mutual fund industry has witnessed an increase of Rs 17,406 crore in its assets to over Rs 5.65 trillion by the end of February, led by Anil Ambani -promoted Reliance Mutual Fund. <a href="http://budgetwithet.economictimes.indiatimes.com/ubarticleshow/2827467.cms " target="_blank">Budget 2008 Analysis: Ernst & Young</a>

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Mutual_funds_assets_grow_to_Rs_565_trillion_in_Feb/rssarticleshow/2837124.cms

DSP Merrill Lynch launches open ended equity fund

DSP Merrill Lynch Fund Managers Ltd on Thursday announced the launch of an open ended equity fund, DSP Merrill Lynch Natural Resources and New Energy Fund today.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/DSP_Merrill_Lynch_launches_open_ended_equity_fund/rssarticleshow/2823261.cms

No rapid fire MF risk warnings: SEBI

Market regulator SEBI has ruled that the standard warning message while selling mutual funds should be made intelligible to investors.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/No_rapid_fire_MF_risk_warnings_SEBI/rssarticleshow/2820789.cms

SEBI asks mutual funds to slow risk warnings in commercials

India's mutual funds are going to have to pause for breath: the market regulator has asked them to more than double the time they spend on risk warnings to investors in their radio and television commercials.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/SEBI_asks_mutual_funds_to_slow_risk_warnings_in_commercials/rssarticleshow/2819784.cms

Religare skips race for StanChart AMC

Religare Enterprises has decided to drop out of the race for Standard Chartered’s mutual fund business in India.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Religare_skips_race_for_StanChart_AMC/rssarticleshow/2814102.cms

Now, financial services blip on MF radar

Infrastructure and real estate funds are passe. Banking and financial services institutions (FSI) are the flavour of the season.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Now_financial_services_blip_on_MF_radar/rssarticleshow/2814087.cms

AIG Investments launches AIG Short Term Fund

AIG Investments on Monday announced the launch of AIG Short Term Fund, an open ended income scheme which will invest in short to medium term debt and money market securities.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/AIG_Investments_launches_AIG_Short_Term_Fund/rssarticleshow/2812356.cms

MFs keep off bond street on rising rate uncertainty

MFs, one of the biggest investors in corporate bonds, are not showing interest in primary issues. Losers: <a href="http://economictimes.indiatimes.com/marketlist.cms?group=a&exchange=b&type=loser&page=0&recdisp=20" target="_blank">BSE Group A</a> | <a href="http://economictimes.indiatimes.com/marketlist.cms?group=b1&exchange=b&type=loser&page=0&recdisp=20" target="_blank">BSE Group B1</a>| <a href="http://economictimes.indiatimes.com/marketlist.cms?group=b&exchange=b&type=loser&page=0&recdisp=20" target="_blank">BSE Group B2</a> | <a href="http://economictimes.indiatimes.com/marketlist.cms?exchange=n&type=loser&page=0&recdisp=20" target="_blank">NSE</a>

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/MFs_keep_off_bond_street_on_rising_rate_uncertainty/rssarticleshow/2803032.cms

Indiabulls gets regulatory nod for mutual fund operations

Indiabulls Financial Services Ltd has got approval from the market regulator to start mutual fund operations.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Indiabulls_gets_regulatory_nod_for_mutual_fund_operations/rssarticleshow/2803433.cms

Indiabulls Financial gets SEBI's nod to set up Mutual Fund

Indiabulls Financial Services Ltd today said it has got approval from the market regulator SEBI to set up mutual fund business in the country.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Indiabulls_Financial_gets_SEBIs_nod_to_set_up_Mutual_Fund/rssarticleshow/2802459.cms

Seven suitors line up for StanChart’s MF business

The race for Standard Chartered Mutual Fund is in the last lap, with around seven suitors in the fray, including Credit Agricole, Shinsei and IDFC.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Seven_suitors_line_up_for_StanCharts_MF_business/rssarticleshow/2799647.cms

CRISIL 'AAAf' for DSP Merrill Lynch Cash Plus Fund

CRISIL has assigned 'AAAf' rating to DSP Merrill Lynch Mutual Fund's DSP Merrill Lynch Cash Plus Fund, which indicates that the fund’s portfolio will provide 'very strong' protection against losses due to credit defaults.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/CRISIL_AAAf_for_DSP_Merrill_Lynch_Cash_Plus_Fund/rssarticleshow/2798981.cms

Birla Sun Life launches new fund

Birla Sun Life Asset Management on Monday announced the launch of diversified equity scheme 'Pure Value Fund'.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Birla_Sun_Life_launches_new_fund/rssarticleshow/2792967.cms

Tata Asset Management launches growing economy fund

Tata Asset Management Ltd on Monday launched an equity fund to invest in infrastructure related sectors in growing economies overseas and in India.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Tata_Asset_Management_launches_growing_economy_fund/rssarticleshow/2792853.cms

Principal PNB AMC in strategic alliance with Triveni

Principal PNB AMC on Thursday announced a strategic partnership with Triveni Kshetriya Gramin Bank for distribution of its mutual fund products.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Principal_PNB_AMC_in_strategic_alliance_with_Triveni/rssarticleshow/2786321.cms

Birla Sun Life MF launches Pure Value Fund

Birla Sun Life on Friday announced the launch of closed ended diversified equity scheme 'Pure value Fund' based on the classical value investment style.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Birla_Sun_Life_MF_launches_Pure_Value_Fund/rssarticleshow/2786295.cms

Birla Sun Life launches fund to invest in value stocks

Birla Sun Life Mutual Fund on Thursday said it launched a three-year close-ended fund that would invest primarily in undervalued stocks.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Birla_Sun_Life_launches_fund_to_invest_in_value_stocks_/rssarticleshow/2783158.cms

Bajaj Allianz Life launches new retirement plan

Private life insurer, Bajaj Allianz Life Insurance has launched a plan called Future Secure - an unit-linked deferred annuity plan that will give monthly income even after retirement.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Bajaj_Allianz_Life_launches_new_retirement_plan/rssarticleshow/2774249.cms

Mercer plans advisory service on mutual funds

Consultancy firm Mercer plans to offer advisory services on Indian fund managers and investments in Asia's third-biggest economy, a top official said on Monday.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Mercer_plans_advisory_service_on_mutual_funds/rssarticleshow/2774241.cms

PFRDA expects transfer of pension money to MFs by April 1

Paving the way for investing a part of around Rs 4,500-crore retirement money of government staff in capital markets, interim pension regulator PFRDA expects the Centre and 19 states.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/PFRDA_expects_transfer_of_pension_money_to_MFs_by_April_1/rssarticleshow/2770808.cms

Mirae Asset to launch 16 schemes in next 18 months

Mirae Asset Global Investment Management (India), a wholly-owned subsidiary of South Korea asset manager, today said it would introduce 16 schemes over next one and a half years.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Mirae_Asset_to_launch_16_schemes_in_next_18_months_/rssarticleshow/2767108.cms

Morgan Stanley launches second domestic fund in India

Morgan Stanley mutual fund on Thursday launched its second domestic fund in the country - Morgan Stanley Across capitalisations Equity (ACE) Fund.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Morgan_Stanley_launches_second_domestic_fund_in_India/rssarticleshow/2764894.cms

MFs' assets shrink by over Rs 800 cr in January

Almost all the leading fund houses, except ICICI Prudential, witnessed a drop of Rs 3,000-5,000 crore led by Reliance MF and UTI MF.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/MFs_assets_shrink_by_over_Rs_800_cr_in_January/rssarticleshow/2755918.cms

Lotus India AMC launches Lotus India Gilt Fund

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Lotus_India_AMC_launches_Lotus_India_Gilt_Fund/rssarticleshow/2746470.cms

Credit Suisse to launch wealth management in India

Credit Suisse Group will launch its wealth management business in India as it has obtained regulatory approval, the bank said in a statement.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Credit_Suisse_to_launch_wealth_management_in_India/rssarticleshow/2744175.cms

SEBI to make close-ended MF schemes attractive to investors

The SEBI board also cleared the draft proposal for listing of debt securities, ease disclosure norms for existing debt market. <a href="http://economictimes.indiatimes.com/quickiearticleshow/2738315.cms" target="_blank">How to choose an MF?</a> | <a href="http://economictimes.indiatimes.com/articleshowpics/2743365.cms" target="_blank">Day in Pics</a>

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/SEBI_to_make_close-ended_MF_schemes_attractive_to_investors/rssarticleshow/2744047.cms

StanChart expects to seal MF business sale soon

Standard Chartered Bank on Wednesday said it expects to complete the sale of its Indian mutual fund business soon, though it declined to put a date to deal.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/StanChart_expects_to_seal_MF_business_sale_soon/rssarticleshow/2744095.cms

UK-private equity firm puts $1 bn in emerging market's fund

This fund will operate across emerging markets in Africa and Asia, including India.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/UK-private_equity_firm_puts_1_bn_in_emerging_markets_fund/rssarticleshow/2740469.cms

HDFC plans to list MF arm by this year-end

The housing finance company has been unlocking value from its various arms, the latest being a Rs 202-crore gain from the sale of its general insurance company’s shares this month.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/HDFC_plans_to_list_MF_arm_by_this_year-end/rssarticleshow/2739320.cms

Mutual fund launched to woo Canadians to invest in India

Canada's Lawrence Asset Management has launched an open-ended mutual fund to encourage investors from the country to invest in India's equity market.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Mutual_fund_launched_to_woo_Canadians_to_invest_in_India_/rssarticleshow/2733306.cms

Lotus India Tax Plan declares 15% maiden dividend

Lotus India Asset Management Company Friday announced a 15 per cent maiden dividend in Lotus India Tax Plan - Dividend Option.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Lotus_India_Tax_Plan_declares_15_maiden_dividend/rssarticleshow/2731478.cms

ICICI Venture plans $3-bn infrastructure fund

ICICI Venture, the largest homegrown private equity firm, is launching a separate $3-billion infrastructure fund to invest in road, port and power projects across the country, CEO and MD Renuka Ramnath said.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/ICICI_Venture_plans_3-bn_infrastructure_fund/rssarticleshow/2729228.cms

Mutual fund buyers see hope in stock market despair

The stock market plunge has not unnerved mutual fund investors, many of whom see it as an opportunity to buy at cheaper valuations, fund managers and distributors said on Tuesday.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Mutual_fund_buyers_see_hope_in_stock_market_despair/rssarticleshow/2721966.cms

Fund houses launch infrastructure funds

Even as the flavour of the season has shifted from infrastructure to energy funds, there are some fund houses that are still launching infra funds.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/Fund_houses_launch_infrastructure_funds/rssarticleshow/2709427.cms

ICICI Pru FMP Series good for risk averse

ICICI will invest the largest part of this FMP in equity linked debentures, bonds whose periodic interest payments (called coupons) are linked to Nifty index.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/ICICI_Pru_FMP_Series_good_for_risk_averse/rssarticleshow/2709424.cms

ICICI Prudential launches 2 schemes

ICICI Prudential Asset Management Company has announced two new schemes, including the country's first equity-linked fixed maturity plan.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/ICICI_Prudential_launches_2_schemes/rssarticleshow/2700077.cms

SEBI to scrap amortisation in closed-ended funds

Capital market regulator Securities and Exchange Board of India (SEBI) is planning to scrap the regulation that allows MFs launching closed-ended funds to amortise the initial issue expenses.

http://economictimes.indiatimes.com/Personal_Finance/Mutual_Funds/MF_News/SEBI_to_scrap_amortisation_in_closed-ended_funds/rssarticleshow/2694035.cms

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