MFs reward investors with huge payouts
Rewarding equity investors with huge dividends has become a trend in the Indian financial market. After the corporate sector, now it is the turn of the mutual fund industry to pay big dividends to their loyal equity investors.
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Asset base swells in November
Mumbai: The country's mutual fund industry is growing at a healthy pace. The data presented by the Association of Mutual Funds in India. The last count (as on November 30) indicates that the total assets under management have topped Rs 1.32 lakh crore, a reasonable growth over the tally recorded at the end of the previous month.
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Sebi investor rule to hit 21 funds
Mumbai: The Securities and Exchange Board of India's (Sebi) diktat to mutual funds to regularise schemes that have just one or a handful of investors is going to hit at least 21 of them.

On September 30, 2003, these 21 funds had around 92 schemes where a single investor or at most a handful of investors contributed to their entire corpus.
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FIIs net purchases of Rs 1,409.7 crore
Mumbai: The equity market continued to attract foreign institutional investors (FIIs) as they recorded net purchases of Rs 1,409.7 crore (US dollar 320.6 mn) while remaining subdued in their activity in debt instruments to net outflows of Rs 70 lakh (USD 0.2 mn) for the trading week ended December 12.
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