Japan's Nomura Group is set to acquire 35 per cent in LIC Mutual Fund, India's seventh largest mutual fund, after the board of directors of Life Insurance Corporation approved a proposal to induct......
DIIs owned equities worth Rs 73.5 trillion, just 1.9 per cent less than FPIs.This marks a significant change from a decade ago. Illustration: Uttam Ghosh/Rediff.com The ownership gap between......
The mutual fund industry saw an average growth of 63 per cent in assets under management in 2006, doubling the average growth rate of 30 per cent recorded in the previous year. In fact, some funds......
The Securities and Exchange Board of India (Sebi) has just released a proposal to alter the regulations pertaining to the sponsor system for mutual funds. Illustration: Uttam Ghosh/Rediff.com One......
Life Insurance Corporation of India (LIC) February 8 for the first time ever crossed the Rs 7 trillion market capitalisation, as the stock price of state-owned insurer hit a new high of Rs......