DSP Mutual Fund sells IT, metals; buys auto, pharma

DSP BlackRock Mutual Fund has decreased its weightage in banking financial services, engineering capital goods, oil gas and information technology sector.

DSPBlackrock Mutual Fund has launched a closed end income fund - DSPBlackrock - Series 15(36 months). The new fund offer is currently open for subscription and will close for subscription on May 27. The Structure The scheme will invest 50%-95% of ...

On sectoral space, Pharma & Healthcare and Technology failed to garner positive returns. Meanwhile Banking & Finance and FMCG were among the top gainers. In the absence of any supportive macroeconomic fundamentals, liquidity could be the deciding ...

Total Assets Under Management (AUM) of the mutual fund (MF) industry declined by 13.8% (by Rs 1.12 lakh crore) to Rs 7.01 lakh crore in March 2013, due to huge outflow from liquid funds and also of the mark-to-market loss in Equity and ELSS funds.

has applied to the Pension Fund and (PFRDA) to become a pension fund manager under the National Pension System (NPS). The company became eligible after PFRDA in July last year removed the cap on the number of fund managers. Rajiv Anand, managing ...

The share of overall mutual fund holding in HUL has consistently been declining since the quarter ended September 2011, when the MF share in HUL was as high as 3.1%. The share of holding stood at 1.56% for the quarter ended March 2013, down from a ...

Mutual Fundr image via Shutterstock Various mutual funds have opted out of the race to bid for a mandate to launch exchange-traded funds (ETFs) consisting of state-owned companies, due to the steep marketing cost requirements. Of the six MFs which ...

Three new fund offers (NFOs) of Rajiv Gandhi Equity Savings Scheme (RGESS) may bite the dust as they are falling short of the minimum targeted amount given under their offer document. According to figures provided by association of mutual funds of ...

han, Chief Investment Officer (CIO) of HSBC Global Asset Management, was bullish about the Indian equity market over the past one year, but expects it to be range-bound in 2013. He believes the BSE Sensex will move in a narrow band of 20,000 to ...