mutual fund industry

Reliance Capital to pay special dividend of 50 percent


September 10th, 2012 - 6:08 pm ICT by IANS
Mumbai, Sep 10 (IANS) Reliance Capital Monday said it will pay shareholders a special interim dividend of 50 per cent, Rs.5 per equity share of Rs.10 each, in addition to ... Read more...

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Reliance Capital to consider special dividend: Ambani


September 4th, 2012 - 3:12 pm ICT by IANS
Mumbai, Sep 4 (IANS) To mark 25 years of Reliance Capital, chairman Anil Ambani Tuesday said the board will consider a special dividend Sep 10 even as talks were on ... Read more...

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Government to boost insurance and mutual fund industry


August 6th, 2012 - 6:18 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram Monday said that the government will announce a number of decisions in the next few weeks to boost the mutual ... Read more...

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Government assures help to revive mutual fund business


July 2nd, 2012 - 9:28 pm ICT by IANS
New Delhi, July 2 (IANS) The government Monday said it would work in association with market regulator Securities and Exchange Board of India (SEBI) to help revive the mutual ... Read more...

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Nippon Life to buy into Reliance Group arm


January 19th, 2012 - 3:31 pm ICT by IANS
Mumbai, Jan 19 (IANS) Anil Ambani-led Reliance Capital Thursday said Japan's Nippon Life will acquire a 26-percent stake in the group's asset management company for $290 million, taking the overall ... Read more...

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Increase incentives to mutual fund distributors: SEBI


June 22nd, 2011 - 6:22 pm ICT by IANS
Mumbai, June 22 (IANS) Expressing concern over the recent slowdown in mutual fund industry, market regulator Securities and Exchange Board of India (SEBI) Wednesday said distributors should be given incentives ... Read more...

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Reliance Capital consolidated net profit rises 9 percent


May 30th, 2011 - 7:20 pm ICT by IANS
Mumbai, May 30 (IANS) Reliance Capital, the financial services flagship of the Anil Ambani Group Monday reported a 9 percent increase in consolidated net profit, before provisioning, to Rs.475 crore.The ... Read more...

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Sundaram BNP Paribas Fund Services targets good growth


November 19th, 2010 - 7:34 pm ICT by IANS
Chennai, Nov 19 (IANS) Commencing its share registrar and transfer agency operations with 1.4 million customers, Sundaram BNP Paribas Fund Services said Friday it would invest Rs.60 crore in technology over the ... Read more...

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SEBI to abide by newly changed govt. norms’ in ULIP controversy


June 23rd, 2010 - 11:05 pm ICT by ANI
Mumbai, June 23 (ANI): Chairman of the Securities and Exchange Board of India (SEBI) Chandrashekhar Bhaskar Bhave has said that they would abide by the newly changed government norms in the Unit ... Read more...

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Mutual funds should come out with simpler products: Bhave


June 23rd, 2010 - 5:55 pm ICT by IANS
Mumbai, June 23 (IANS) India's markets watchdog Wednesday asked mutual funds to come out with simpler, investor-friendly products and said the industry can putforth proposals for a common policy for its ... Read more...

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Mutual funds body not to launch transaction platform


January 29th, 2010 - 4:44 pm ICT by IANS
Kolkata, Jan 29 (IANS) Association of Mutual Funds in India (AMFI) will not launch its own mutual funds transaction platform, industry body chairman A.P. Kurian said here Friday. "For the last two years ... Read more...

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Private mutual funds corner market, edge out state-run firms


July 1st, 2009 - 7:01 pm ICT by IANS
New Delhi, July 1 (IANS) Private sector mutual funds are likely to outperform state-owned funds for the sixth consecutive year, accounting for over 78 percent of the mutual fund market till May ... Read more...

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Mutual funds should increase retail participation: Regulator


June 17th, 2009 - 8:06 pm ICT by IANS
Mumbai, June 17 (IANS) Mutual funds should look at increasing their assets under management (AUM) from retail investors given the huge redemption pressures faced by some funds last year, the market ... Read more...

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RBI to inject Rs. 20,000 crore to help mutual funds tide over liquidity crisis


October 14th, 2008 - 6:40 pm ICT by ANI
Mumbai, Oct 14 (ANI): The Reserve Bank of India (RBI) on Tuesday decided to inject Rs. 20,000 crore through short-term lending route to help the mutual funds meet their liquidity needs ... Read more...

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‘Investors preferring debt market to equities’


June 23rd, 2008 - 10:44 pm ICT by IANS
New Delhi, June 23 (IANS) Investors are preferring debt market and mutual funds to equities, mainly because of the high volatile nature of the equity markets, according to a report by the ... Read more...

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SEBI to set up advisory committee for mutual funds


June 18th, 2008 - 10:02 pm ICT by IANS
Mumbai, June 18 (IANS) Market regulator Securities and Exchange Board of India (SEBI) will set up an advisory committee for mutual funds, a top official said here Wednesday. "Following the setting ... Read more...

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Fidelity Fund Management Enters Into a Distribution Tie Up with Federal Bank


May 6th, 2008 - 6:46 pm ICT by admin
Kochi, May 6 (ANI-Business Wire India): Fidelity Fund Management has entered into an agreement with Federal Bank, one of India's premier private sector banks, for the distribution of its products. M. ... Read more...

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Edelweiss to start mutual fund operations


May 5th, 2008 - 4:29 pm ICT by admin
Mumbai, May 5 (IANS) Mumbai based Edelweiss Capital Limited, a financial services company, Monday said it had received approval from the market regulator Securities Exchange Board of India to start its mutual ... Read more...

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