Mutual funds add 4 lakh folios in Oct

New Delhi: The contribution to debt scheme for the month of October totalled to 4 lakh investor accounts, taking the total tally to 9.37 crore, according to the mutual fund industry. Market experts said the addition of folios suggests that investors were undeterred by the market volatility. Besides, it indicates...

Navneet Munot set to become MD, CEO of HDFC MF

New Delhi: Navneet Munot, the chief investment officer of SBI Funds Management, will succeed the present managing director Milind Barve, HDFC Mutual Fund, the latter said in an exchange filing. Milind Barve has been MD and CEO at HDFC AMC from its inception in 2000. SBI Mutual Fund became the...

Basics of Mutual Funds

For the people who are not much into finance or commerce would know the only definition of mutual funds is the ad that says 'Mutual funds are subject to market risks'. So, here are some basic understanding of mutual funds beyond what you heard in the television advertisement so far....