Sebi does not want to be party in DLF case
New Delhi: Market regulator Sebi said before the Delhi High Court that its name in the plea filed by DLF's minority shareholders should be dropped as it was not under its purview to probe complaint against unlisted realty giant.

Sebi contended that the activities of DLF, an unlisted company when the rights issue of debentures was made, did not fall "within the domain and jurisdiction" of the regulator.

The affidavit was filed after the court issued notices to Sebi, DLF and the Ministry of Company Affairs on a PIL filed by Society for Consumers and Investors Protection last year.
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UTI MF targets AUM of over Rs50,000-crore this year
New Delhi: The country's biggest fund house, UTI Mutual Fund, aims to cross Rs50,000 crore in terms of Asset Under Management (AUM) on the back of a slew of schemes slated to be launched during the year.

As of December 31, 2006, UTI MF had a corpus of Rs38,108 crore under its management as compared to Rs25,600 crore at the end of same month previous year a growth of more than 48 per cent.

The fund house would launch four more new schemes by March-April this year. UTI MF also proposes to launch the Gold Exchange Traded Fund and Global Navigator Fund (overseas fund) in the next two months.

Apart from this two schemes - UTI Capital Protection Scheme and UTI Long Term Advantage Fund are open for subscription and are expected to collect Rs2,000 crore worth of funds.
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