The massive Indian bull-run over the last few years has led to swelling assets under management (AUM) of mutual funds. In the four equity categories, AUM at the end of March 2007 were up by 21% over the same period last year. The fastest growth, albeit on a small base, happened to index funds. From Rs219.61 crore in March 2006, assets managed by index funds shot up by 181% to Rs617.56...
Regulatory zeal of the fortnight: According to a media report, companies listed in local markets will have to be more careful while reacting to sensitive, strategic reports or queries about their business. No longer can they go on denying certain developments till they actually take place. Oh really? And who will monitor that? Apparently the Securities and Exchange Board of India (SEBI). SEBI...
This is with reference to MoneyLIFE issues dated 23rd November 2006 and 1st March 2007 about complaints regarding India Infoline. I have filed a complaint at investorhelpline.in (complaint no. K-722M3346-HBB) two months ago, after reading about it in your magazine. The status shows that it is still awaiting response from the company. I have also filed an online complaint with SEBI which also I...
