MFs

Concerned over large-scale outflow from mutual fund schemes, market regulator SEBI wants fund houses to invest part of their profit on cementing ties with investors and curtail commissions and freebies

With the 30-stock BSE Sensex and 50-stock S&P CNX Nifty crossing 20,000 and 6,000 points, respectively, investors in the equity schemes of mutual funds would be checking their net asset values to see whether they have outperformed or underperformed the two indices.

Market regulator SEBI today asked mutual funds to disclose investments in equity derivatives and said the combined exposure in equity, debt and derivatives should not exceed the net asset of

For the second consec­utive month, following a ma­nic May, the Indian equities market saw net inflows from foreign institutional investors (FIIs) and net selling by domestic mutual funds.

Oil scrips are on fire after the partial deregulation of the petroleum sector on June 25 but the move has left foreign institutional investors (FIIs) unimpressed. The domestic mutual