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| Fortnightly Newsletter |
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| MUTUAL FUND NEWS FOR THE FORTNIGHT: 1st MAY 2012 to 15th MAY 2012 |
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| Headlines: |
- Bring back entry load of MFs, Fin advisors tell SEBI …
- Mutual Fund Investors Smarten Up on ETF Benefits …
- MF industry come out of woods, AUM up 16 percent in April: Crisil …
- ETF assets top record Rs 10,000 cr in April …
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| Details: |
| Bring back entry load of MFs, Fin advisors tell |
A revival of entry load and allowing fund houses to revive the practice of providing 'indicative yields' while floating fixed maturity plans were among the key demands put forth by independent financial advisor (IFA) associations in their meeting with top SEBI officials.
(News Source: The Economic Times)
Dated: 4/05/2012
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Mutual Fund Investors Smarten Up on ETF Benefits …
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Exchange traded funds saw net inflows slow to around $3 billion for the volatile month of April but they held up much better than traditional mutual funds. In April, global investors withdrew the most money from stock funds in any April in at least 17 years as Europe’s debt crisis crept back into the headlines, Bloomberg News reports.
(News Source: ETF Trends)
Dated: 4/05/2012
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MF industry come out of woods, AUM up 16 percent in April: Crisil …
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The mutual fund industry posted a nearly 16 percent growth in its average assets under anagement (AUM) at Rs 6.8 trillion in April on the back of higher inflows to the money market funds, a Crisil Research report has said. The industry had AUM of Rs 5.87 trillion in March. The rise in AUM was mainly due to inflows of around Rs 75,700 crore into liquid funds, comprising around 82 percent of the total inflows.
(News Source: ETF Trends)
Dated: 14/05/2012
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ETF assets top record Rs 10,000 cr in April …
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Assets in bullion-backed funds in India, the biggest gold user, exceeded a record Rs 10,000 crore in April as investors bought the metal for a haven and to diversify away from stocks. Gold exchange-traded funds, or ETFs, had Rs 10,220 crore ($1.9 billion) as of April 30, more than double the Rs 4,800 crore a year ago and up from Rs 9,890 crore in March, the Association of Mutual Funds in India said on its website on May 11. Holdings in bullion ETFs globally were 2,383.395 tonnes on May 11, the highest level this month, data tracked by Bloomberg show.
(News Source: ETF Trends)
Dated: 15/05/2012 |
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