mutual fund round-up MFs might make less through tax plans Media reports say that mutual fund industry might make less collections through its tax plans in the March quarter because of weak stocks and deep losses in 2008. Money managers have not had a steady flow of equity assets, which earn maximum fees of about [...]

Mutual Fund industry assets up by 9.5% The Mutual Fund industry’s assets under management (AUM) have risen by about 9.5 per cent in January when compared with the figures for December 2008, it is reported. This rise comes after a series of downfalls witnessed in the last quarter of 2008. AUMs had risen by around [...]

interview ‘Educate Investors’ LIC Mutual Fund is sponsored by LIC Asset Management Company, a subsidiary of Life Insurance Corporation of India (LIC) and has carved a significant niche for itself notably in fixed return funds and in liquid funds. Mr Sushobhan Sarker took over as Chief Executive of LICAMC earlier this year. A 1977 batch [...]