LIC Nomura merges schemes

LIC Nomura MF has unveiled new fund named as LIC Nomura MF Fixed Maturity Plan - SERIES 55, a close ended income scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new

as the record date for declaration of dividend under LIC Nomura MF Interval Fund-Quarterly Plan Series 2. The rate of dividend (Rs per unit) will be entire distributable surplus as on the record date on the face value of Rs 10 per unit. Powered by ...

Killol Pandya, aged 37 holds MMS (Finance), DPCM, B.Com degrees. In his earlier stint, he was the Head - Fixed Income at Daiwa Asset Management. At LIC Nomura Mutual Fund, he will be responsible to manage the following schemes; LIC Nomura MF ...

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Pharma & Healthcare category was the biggest loser while Small & Mid Cap delivered relatively better performance than its peers did. The market session closed with Sensex at 20223.98, down 62 points or 0.31% and the Nifty ended at 6156.90 down 30 ...

MUMBAI: After five years with CanaraRobeco Mutual Fund, RiteshJain, 44, is now moving to . He will be responsible for Rs 19,897 crore in his new job, twice what he managed at CanaraRobeco. But, given the recent salary trends in the MF industry, it ...

Equity mutual fund (MF) schemes continue to see heavy net outflows. March may be an aberration, but April numbers prove that the outflows are on for the 14th month since January 2012. However, mutual fund industry's asset under management (AUM) ...

Posted by Equitymaster Market Overview After depicting a descending move in the last couple of months i.e. February 2013 and March 2013, the Indian equity markets (i.e. the S&P BSE Sensex) exhibited a good impulse, gaining +3.5% (or 668.41 points) in April ...

Due to huge outflow from liquid funds and also of the mark-to-market loss in Equity and ELSS funds AUM of Liquid Funds fell sharply by 54.3% (by Rs 1.10 lakh crore) to Rs 93392 crore primarily due to net outflow of Rs 1.09 lakh crore. AUM of Gilt ...