Net outflows from equity Mutual Funds at over Rs 12,900 crore in November
NEW DELHI: Equity and equity-linked mutual fund schemes saw a net outflow of Rs 12,917.36 crore in November, showed data from the Association of Mutual Funds in India (AMFI) on Tuesday. The net outflow stood at Rs 2,724.95 crore in October and Rs 734.40 crore in September. The outflow had stood at Rs 4,000 crore […]
Brokers body seeks Sebi,Finance Ministry of intervention as Franklin closes 6 Mutual Fund schemes
NEW DELHI:Terming the shut down of six debt schemes by Franklin Templeton Mutual Fund (FTMF) as an extreme step that has created panic, an umbrella body of brokers on Friday sought markets regulator Sebi and the Ministry of Finance’s intervention to protect investor interest. FTMF stunned all by deciding to shutter operations of six schemes […]