Around 30 of the 100 schemes of UTI Mutual Fund will be listed on the new NSE Mutual Fund platform.
The liquid schemes will not be included among them, said a top UTI official.
For the fund industry, it will be a new technology-driven initiative when UTI MF lists its schemes on Monday on NSE’s new platform – the Mutual Fund Service System (MFSS).
In November 2000 a similar initiative by the Association of Mutual Funds in India made it possible for Indian funds to declare their NAVs on a common platform.
BSE to join soon
Around 10 mutual funds are expected to join NSE’s platform within a week’s time, an NSE official said.
Posts Tagged ‘mutual fund’
UTI to be first on NSE mutual fund platform
Posted by Tushar Mathur on December 3rd, 2009
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Axis Mutual Fund launches its first equity fund
Posted by Tushar Mathur on November 26th, 2009
Axis Bank-promoted Axis Mutual Fund has launched its first equity fund, Axis Equity Fund, a diversified equity fund benchmarked to the S&P CNX Nifty.
“We aim to offer total investment solutions to consumers and not just individual products.
Sahara Star Value Fund reopens for sale
Posted by Tushar Mathur on September 21st, 2009
Sahara Mutual Fund has announced the re-opening of its equity scheme “Sahara Star Value Fund” with effect from September 18, 2009.
India’s ETF investors making up for missing gold buyers
Posted by Tushar Mathur on September 21st, 2009
Record prices have forced many of India’s traditional gold buyers out of the market in recent months with jewelry demand remaining largely lethargic, but the recent rally in prices is creating a new source of demand: investors who are looking for the safety, convenience, and steady returns of exchange-traded funds, or ETFs, backed by gold.
Even among investment products, ETFs are gaining an upper hand over gold bars and coins because of the easy liquidity and lower costs associated with ETFs, analysts say.
Avoid these common mutual fund pitfalls
Posted by Tushar Mathur on August 3rd, 2009
Equity markets are on the rise. New fund offers (NFOs) are the rage once again.
