Mutual Funds
Mutual Funds are Investing in Debt Instruments Now
With equity markets in the doldrums, mutual funds are increasingly turning to debt instruments. Several mutual funds have diverted a large portion of their portfolios into debt schemes in the past few months.
The debt portion of assets under management of the mutual funds industry increased by around 25 per cent by May-end from January 2008, [...]
Reliance Power puts IPO money in Mutual Funds
Reliance Power Ltd, which raised Rs 11,562 crore in its IPO in January last, has temporarily parked almost the entire money in mutual funds. The 2007-08 financial results declared by the company on Monday show that Rs 11,412.81 crore is invested in mutual funds. The company has not disclosed either the funds or the schemes [...]
Bearish trend of Stock Market turns Mutual Funds into net sellers now
As stock markets continue to face a bearish onslaught, domestic mutual funds are turning net sellers. So far, in the current month up to March 18, they have been net sellers to the tune of Rs 1,515 crore, according to the data on mutual fund transactions released by SEBI.
The development comes in the wake of [...]
