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There is scope for 100 more AMCs to come: Sundeep Sikka
Even though Reliance Mutual Fund has lost the top position in terms of assets under management (AUM) to HDFC Mutual Fund, it still remains the most profitable fund house in the country. In an interview with Chandan Kishore Kant and Jinsy Mathew, Chief Executive Officer Sundeep Sikka says the fund house is not concerned about the ranking and is trying to increase the share of retail money in its total

FIIs bet heavily in Indian market, but in Singapore

The General Anti-Avoidance Rule (GAAR) may have been deferred for a year but many foreign institutional investors (FIIs) do not want to take chances. They are shifting their trading positions to

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Top AMCs rake in more profits despite hard times

India's top asset management companies (AMCs) have continued to remain profitable, no matter whether mutual fund investors made money or not in the tough market conditions. Rather, top players have

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How US MFs specialising in India are faring

Long-term growth prospects in India are drawing the attention of mutual fund companies in the U.S. Ten U.S. funds specialize in Indian stocks, and half of those have been launched over the past year

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Sebi bats for struggling MFs

The Securities and Exchange Board of India (Sebi) Chairman U K Sinha on Saturday said the capital markets regulator had asked the Union government to allow investments in mutual funds to be made

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CFTC opens probe into JPMorgan trading loss - source

The Commodity Futures Trading Commission (CFTC) has opened an investigation into possible wrongdoing at JPMorgan Chase & Co in connection with the bank's multi-billion-dollar trading loss, a

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