Mutual Funds' assets cross Rs 6 trillion

The mutual fund industry crossed a record Rs 6 lakh crore- (Rs 6 trillion-) mark in assets in May, with the country's largest fund house, Reliance MF, alone accounting for over Rs 1 lakh crore (Rs......

Mutual Funds rake in Rs 15,000 cr

Mutual funds made a profit of more than Rs 15,000 crore (Rs 150 billion) on sale and redemption of investments during 2005-06. Thirty-one asset management companies together purchased Rs 99,218......

Sahara enters mutual funds business

Sahara India Financial Corporation Limited, India's largest public deposit mobilisation company in the private sector and part of the Sahara Group, has acquired the entire shareholding in the First......

India's top 5 mutual fund houses

State-run UTI Mutual fund has toppled private sector ICICI Prudential to be the country's second biggest fund house, while Anil Ambani Group's Reliance MF has retained its top position. According......