MFs prefer commodities, foreign equities

Having run out of new equity themes, mutual fund houses are trying to jump on to the commodity wagon. Fund houses are either latching on to gold, the only commodity they are permitted to launch......

Falling rupee and its impact on global funds

The dollar has strengthened against most currencies. While this helps Indian mutual funds upfront, redeeming in securities other than the US is affected negatively.   The performance of......

Foreign MFs score better in garnering assets

Foreign players control a little over 10 per cent of the domestic fund market.Foreign fund houses outperformed their domestic peers in terms of garnering assets in 2010-11.In a year that saw the......

Indians rank 16th on leaked HSBC list

With total fund of $4.1 billion, Indians rank 16th on the new leaked HSBC list of Swiss bank account holders from over 200 countries, while people from Switzerland itself are on the top. The list,......

Questions arise about banks' role in FIFA bribery case

A raft of banks could face tough questions in the sweeping US crackdown on alleged corruption in global soccer as prosecutors review how much they knew about millions of dollars in bribes flowing......