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Showing posts from January 4, 2009

Indian Mutual fund industry-An overview

Indian Mutual fund industry is shining highā€¦ I have found this article on a website ,which says that it is a gift of 5 great eventsā€¦ Current status: ā€¢ Around 35 mutual funds ā€¢ a total asset size of Rs 402,029 crore (Rs 4,020.29 billion),. 1. 1963-64: The UTI monopoly ā€¢ UTI (Unit Trust of India) was India's first MF. ā€¢ Was created in December 1963 through a special Act of Parliament and functioned under the Reserve Bank of India. ā€¢ Launched its first scheme, US-64 (Unit Scheme-1964) in 1964. ā€¢ Received almost 126,000 applications for the scheme for Rs 17.4 crore (Rs 174 million). ā€¢ UTI remained the only fund house in India until public sector companies were allowed to enter the space in 1987. ā€¢ UTI remained India's largest MF till 2002. 2. 1993: Private sector MFs allowed ā€¢ Private sector and foreign MFs were allowed from 1993. ā€¢ The Kothari Pioneer (KP) MF was India's first private sector MF. ā€¢ With higher salaries and better fund management practices, private sector MFs c...

The beginning of 009ā€¦

So, after the blistering 2008, 2009 has finally arrived, as I said in my last post, intentionally unintentionally we coin several expectations from a new season, be it connected to business, connected to our family or even the nationā€¦ As expected, due to crisis and terror, the year didnā€™t start with a bash. On an average everyone had a noiseless public displayā€¦!! When I was reading the 17 th Anniversary issue of Business today, I came across certain meaningful things various leaders have said, not the political leaders, but our corporate leaders, from the 30 + quotes I read, I found few really inspiringā€¦ They are not just quotes but the principles that every life must incorporate in him/herā€¦ Some of them are: 1. Listen to your inner voice 2. Out of every 10 men are born in this world, 9 out of 10 works for the 10 th one... prepare to be the 10 th . 3. Reach for stars with foot on the ground 4. Results matter, efforts doesnā€™t. 5. ...