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MFs equity exposure to software cos at over 3-yr high
MF industry is betting big on software cos with its equity exposure to the sector rising to three-and-a-half year high of Rs 19,196 cr in March 2013. ------------
ICICI Securities, Lombard launch new product for MF investors
ICICI Securities and ICICI Lombard GI have launched a new product for MF investors, who invest through SIP route. ------------
Mutual funds takes long bet on short tenure bonds
Mutual fund managers have reduced the duration or average maturity of holding bonds by nearly half to 4.5 from 8.25 years in the beginning of the year. ------------
Number of MF accounts declined by 36 lakh in 2012-13
The mutual fund industry lost more than 36 lakh investors, measured in terms of individual accounts or folios, in the 2012-13 financial year. ------------
ICICI Prudential MF launches closed end income fund
ICICI Prudential Mutual Fund has launched a closed end income fund ?ICICI Prudential Multiple Yield Fund ? Series 3 ? Plan C. ------------
Smart things to know: Switching to direct plans in MFs
The switching of units from one plan to another may attract capital gains tax and exit loads, if applicable. ------------
Mutual funds sell shares worth Rs 23K cr in FY13
In the past four financial years till 2012-13, the mutual funds have
cumulatively sold shares worth a net amount of over Rs 55,000 crore. ------------
Birla Sun Life MF to step up equity exposure
Birla Sun Life Mutual Fund had an average assets under management of around Rs 77,047 crore as of FY'13. ------------
Retail MF folios drop by 5% in 6-mths: CRISIL
Fluctuations in the equity market has resulted in a drop of 5% in retail mutual fund folios between September 2012 and March 2013. ------------
HSBC Mutual Fund launches new fund
HSBC Mutual Fund has launched a new closed end income fund which is currently open for subscription and closes on May 2. ------------
Fixed maturity plans see 5-fold rise in inflows by HNIs
Schemes garner Rs 34,065 cr between Jan-Mar as cos, HNIs lock in money in the high-yielding schemes fearing rate cuts. ------------
Should you invest in PPFAS Long Term Value Fund?
Fund manager will invest at least 65% in equities.
Maximum 35% of money can be invested in debt, money mkt
instruments. ------------
Is money outflow affecting equity fund's performance?
Find out what you should do if your equity fund's corpus has been declining steadily over the past few months. ------------
Smart things to know about Systematic transfer plan
Investors who have a lump sum to invest in equity can also use rupee cost averaging by using STP facility. ------------
Equity MF schemes' redemption hits 7-year high
As per Accord Fintech, large-cap equity mutual fund schemes generated 6.3% gains on an average in FY13 while the mid-cap category generated 6.5%. ------------
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