All decks cleared for Leo Puri to head UTI AMC

The Supreme Court today asked Securities and Exchange Board of India (Sebi) chairman U K Sinha to submit the minutes of an April 2008 board meeting of UTI Asset Management in which the asset manager decided to hike the salary of the top management ...

The last five years have been very painful for the markets with annual returns hovering around 3 percent. Most funds have managed to only marginally beat this benchmark return while others simply languished. Reuters UTI mutual fund is one of the few ...

The government had earlier shortlisted Goldman Sachs Asset Management and UTI Mutual Fund to act as asset management company (AMC) for the proposed ETF of the public sector enterprises. "Goldman Sachs has been selected as fund manager for ETF," ...

Pursuant to the resignation of Mr Amit Garg, fund manager-fixed income and key person of Daiwa AMC effective end of business hours of April 18, 2013, references to Mr Garg wherever appearing in the SAI/SID and KIM of the said schemes, stand deleted.

Amandeep Chopra A little over a year ago, RBI began cutting rates and then went into a pause as it saw the risk emanating from a high inflation, deteriorating current account deficit (CAD) and political uncertainty, in spite of a slowing economy.

Imagine a minister whose son in-law was arrested for taking bribes. Or a CEO whose son in-law was caught for insider trading. It is inconceivable that the minister or the CEO would not have been fired. But when the son-in-law of the BCCI president ...

The awareness about gold exchange-traded funds (ETFs) as an alternative for the yellow metal has been growing in the tier II and III cities. With gold prices also down, fund houses expect this increasing geographical penetration to translate into ...

On the sector funds, barring Technology all the other categories were in line with markets positive sentiment. Looking at the recent market rally, Mahesh Patil of Birla SunLife AMC in an interview with CNBC TV 18 said that he is structurally ...

Domestic mutual fund houses are back in the game again. After losing out to their foreign counterparts (having presence in India) for last two consecutive years, local MFs have done better in terms of rise in their assets under management (AUM) in ...