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Nomura to buy 35% in LIC Mutual Fund

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......

'Landmark Moment For Capital Market'

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......

Mutual fund assets soar 63 per cent

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......

Why the 'sponsorless' mutual funds could be a good idea

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......

Markets volatile: UTI Mutual Fund defers IPO

UTI Asset Management Company, country's first fund housethat was planning to go public during this month, has deferred its initial public offering owning to uncertain market conditions. The IPO has......

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Lic Mutual Fund Asset Management

News for Lic Mutual Fund Asset Management

Nomura to buy 35% in LIC Mutual Fund

'Landmark Moment For Capital Market'

Mutual fund assets soar 63 per cent

Why the 'sponsorless' mutual funds could be a good idea

Markets volatile: UTI Mutual Fund defers IPO

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