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Latest Mutual Fund News
L&T Mutual Fund launches five-month FMPL&T Mutual Fund on Wednesday announced the launch of L&T FMP-I, a close-ended income scheme with a tenure of five months.Formula for MF: Think, select and then investSticking to investment goals and investing in funds that cater to their needs will help investors.
Check out Top Value Style Mutual Fund SchemesMFs fail to widen investor base despite rise in AUMDespite the MF industry?s average assets under management (AAUM) having grossed more than Rs 8-lakh crore, its penetration among investors, especially retail investors, continues to be a cause for concern.MF News: Reliance Life Insurance introduces MobinsureReliance Life Insurance has announced the launch of unique mobile-based insurance initiative - ?Mobinsure? - a mobile portal offering a range of insurance related services on mobile phones.Motilal Oswal MF Most Shares M50: Offers active investing featureA fund that offers both active investing feature such as high capital allocation to companies which have strong fundamentals at cheap valuations along with index investing features such as pre-defined investment rules, no fund manager discretion and low costs.Reliance Capital plans Islamic fundsA subsidiary of Reliance Capital Asset Management will launch two Islamic funds in Malaysia by July and roll out products for retail investors in two years, a company official said on Tuesday.Taurus MF launches multi-exposure Taurus MIP AdvantageTaurus Mutual Fund on Tuesday announced the launch of Taurus MIP Advantage, which has incorporated multi-level exposure in major asset classes - debt, equity and gold.MFs assets fall 19pc; Rel MF sees 15 pc declineFund houses recorded a sharp decline in their AUM last month -- with over 36 percent plunge for some companies - as investors withdrawal appears to have offset the gains registered by an upward move in the stock market.MFs assets fall 16 pc in June; Rel MF sees 15 pc declineThe mutual fund industry saw a sharp decline in its average assets in June, with over 36 per cent plunge for some companies, as investors withdrawal offset gains from an upward move in the equity market.MFs losing appeal as a businessLow margins and tough regulations are turning the mutual funds business into the sour grapes of the corporate world, with existing players contemplating selling out and applicants no more keen on securing approvals.
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