MF News:

  • Reliance Mutual Fund buys 89,800 share of Honda Siel Power Products.
  • UTI Mutual Fund has launched New Open Ended Fund UTI Nifty Next 50 ETF. The fund opens on 18th & 28th July 2017. Minimum investment is Rs. 5000.
  • Foreign portfoli investors & domestic mutual funds have increased their stakes in public sector banks in the April-June quarter.
  • UTI Mutual Fund will likely launch IPO by March 2018.
  • Mutual Fund Industry AUM has reached an all-time high at Rs. 19.52 lakh crore in June 2017 as against Rs. 18.28 lakh crore, a growth of over Rs. 1.24 lakh crore.
  • Mutual Fund Distributors and Independent Financial Advisors are required to enroll for GST registration even if the commission earned is less than Rs. 20 lakh in a financial year.
  • The AUM of Mutual Fund Industry rose 7.00% to a record high of Rs. 19.52 lakh crore at the end of June quarter.
  • SEBI chief says mutual funds have to work on due diligence practices before picking up corporate bonds and that they should not just rely only on credit ratings given the rising defaults.
  • Reliance AIF Asset Management Co. Ltd. has decided to raise its first equity-focused alternative investment fund (AIF), called Reliance Equity Opportunities AIF-Scheme 1, of up to Rs.1000 crore.
  • SBI Mutual Fund will lower the minimum redemption provision under SBI Savings Fund with effect from 30th June.

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