HSBC's AMC acquires L&T Mutual Fund business for $425 million

L&T Housing Finance on Thursday announced selling L&T Investment Management (LTIM) to HSBC Asset Management (India) at $425 million. LTIM is the investment manager of the mutual fund business of......

Time to create mother of all mutual funds

'The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government,' says N Sundaresha Subramanian. Illustration: Dominic Xavier/Rediff.com Mutual funds......

Tips to invest in international mutual funds

By diversifying into developed market equities, Indian investors can mitigate the impact of cyclicality in returns as well as reduce currency risk, experts tell Sanjay Kumar Singh. With a......

This mutual fund can make your parents rich

UTI Mutual Fund has launched UTI-FAMILY that allows investors to buy mutual fund units in their name but the returns go straight to a parent's bank account.Tinesh Bhasin finds out more. There is......