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MUTUAL FUND ADVISORY
Capital markets watchdog Sebi on Tuesday came down heavily on mutual fund players over higher agency commissions they charge from customers, warning that if they don't behave, nothing stops it from taking punitive and corrective actions.
Sunil Subramaniam, Deputy CEO, has been designated CEO of Sundaram Asset Management Company Limited with effect from July 01, 2015.
Mutual Funds across categories declined as the market managed to cut losses in the last couple of hours of trade after initial bloodbath triggered by fears of Greek default, on Monday, led by short covering in FMCG and private banking financials stocks.
Tata Balanced Fund announces dividend, the record date for dividend is July 03, 2015.
Equity Mutual Funds ended positive as the market bounced back Thursday, the FO expiry session after a day of profit booking triggered by Greece concerns.
The increase would be led by gains in equity funds, as retail and high net-worth investors hop on to the economic growth bandwagon, a joint report by Crisil Research and Financial Intermediaries Association of India (FIAI) stated.
Mutual Funds across categories closed in red as the market fell for the first time in last nine sessions as investors booked profits after creditors rejected Greekâs proposal.
Equity Mutual Funds ended positive as the Equity benchmarks closed marginally higher amid consolidation as investors are eyeing for expiry of June derivative contracts (on Thursday) and Greek deal that is expected to be this week.
Kotak Mahindra 50 Unit Scheme announces dividend, the record date for dividend is June 29, 2015.
Equity Mutual Funds advanced as the market staged spectacular performance on first day of the week, supported largely by banks on hopes of rate cut post good monsoon and likely easing of Greece crisis soon.
Kotak Mahindra MF announces change in fund managers under debt schemes, with effect from June 22, 2015.
UTI Mutual Fund announces dividend under UTI Dividend Yield Fund, UTI Spread Fund and UTI Balanced Fund, the record date for dividend is June 24, 2015.
Principal MF announces dividend under Principal Emerging Bluechip Fund and Principal Smart Equity Fund, the record date for dividend is June 24, 2015.
Axis Mutual Fund announces change in exit load structure under Axis Dynamic Bond Fund and Axis Fixed Income Opportunities Fund, with effect from June 22, 2015.
Kotak Infrastructure Economic Reform Fund announces dividend, record date for dividend is June 23, 2015.