Mutual Funds

Recent Posts

Bank of India acquires 51% in Bharti Axa MF

Bank of India is returning to the asset management industry after a long interval, by buying a 51% stake in Bharti Axa Investment Managers. Bharti Axa is a joint venture between Bharti Ventures and the Axa group. Bharti had decided to exit its financial services joint ventures with Axa, in the insurance and asset management businesses.
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Sebi bans differential exit loads

Sebi has issued a new circular to all mutual funds, barely a week after its rule banning entry loads came into effect. The capital market regulator has told mutual funds to charge exit loads uniformly to all investors. The move plugs any possibility of mutual funds compensating for the lack of entry loads by recovering expenses from retail investors, when they exit a scheme.

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RBI pours cash, govt readies for more goodies for banks

India’s economic actions today resembled that of the US today: concerted action to restore confidence in the monetary system. Strange, that the system should have been exposed to be so weak when we supposedly had none of the rot that had permeated the US banking system. Makes one really wonder what went wrong. Maybe we will get to know sometime; at present all one knows is that there is a liquidity crunch, which is being blamed on various factors, ranging from rising credit demand, drying overseas fund markets, FII outflows and whatever else. Continue Reading →

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Mutual fund investors escape loads on reinvested units

Mutual fund investors in India recently got a reprieve from entry loads, on investments made directly and not through an intermediary. Now, Sebi has given them another piece of good news; a bright spot in an otherwise gloomy equity environment. MF investors will not have to suffer entry loads on bonus units and units given on dividend reinvested.

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