Latest Indian Mutual Fund News |16-Aug-2011

GENERAL

1.Multiple asset mutual funds shine in uncertain market.

The markets are on a slippery slope, gold is gaining ground and debt instruments are offering attractive returns, leaving investors flummoxed about the kind of strategies needed to navigate in this uncertain environment. While gold has emerged a clear winner, mutual funds (MFs) that invest in a combination of fixed income securities, equities and gold exchange traded funds (ETFs) have gained traction in the past few months. These MFs that invest in multiple asset classes have emerged as the third best performers (after gold ETFs and the defensive FMCG funds) over the three-, six-month and one-year periods.

News Source – TIMES OF INDIA.

2.SEBI appoints four EDs.

 



SEBI has selected four candidates for the post of Executive Director (ED). Mr J. Ranganaykulu, the present ED (legal) has been given another term and his appointment was the first to be cleared on Friday. His first term at SEBI was to expire on August 13. Mr S. Ravindran, Chief General Manager in charge of Mutual Funds at SEBI, has been appointed the second Executive Director.

News Source – BUSINESS LINE.

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