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- HDFC Mutual Fund Buys out Morgan Stanley Schemes
- BOI AXA Mutual Fund Bonus Option
- Morgan Stanley Mutual Fund, sells out to HDFC Mutual Fund
| HDFC Mutual Fund Buys out Morgan Stanley Schemes Posted: 24 Dec 2013 01:19 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Morgan Stanley on Monday became the second large global giant to exit India's crowded and barely profitable mutual fund industry when it agreed to sell its business to HDFC, the country's biggest mutual fund manager.
Tough business conditions are forcing many asset management companies (AMCs) to either rope in strategic partners or exit the business completely. India has about 44 mutual fund houses with numerous schemes and they compete for investors' money in the main cities of Mumbai and Delhi. The proportion of small savers investing in these schemes is not very high and the funds depend upon cash-rich companies and high net worth individuals for a bulk of their investments. "The consolidation in the industry is likely to continue as industry faces tough times, we believe only those companies can survive which have a strong distribution reach," said CEO of a mutual fund AMC, who did not want to be identified.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
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| BOI AXA Mutual Fund Bonus Option Posted: 24 Dec 2013 12:53 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
BOI AXA Mutual Fund introduced the Bonus Option in BOI AXA Short Term Income Fund, BOI AXA Treasury Advantage Fund, BOI AXA Liquid Fund and BOI AXA Regular Return Fund. The change will be effective from January 01, 2014.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
|
| Morgan Stanley Mutual Fund, sells out to HDFC Mutual Fund Posted: 23 Dec 2013 10:16 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Foreign mutual funds' quit India movement continues as Morgan Stanley pulls out after two decades
After Fidelity last year, Morgan Stanley became the second global asset management major to give up on the Indian mutual fund business as HDFC Mutual Fund announced that it had acquired all eight fund schemes of the American company.
In a press statement, HDFC MF CEO Milind Barve said, "HDFC Mutual Fund has acquired a portfolio of strong performing domestic mutual fund schemes from Morgan Stanley and this acquisition is another step towards expanding our mutual fund customer base. We look forward to welcoming the investors in the eight schemes of Morgan Stanley Mutual Fund into the HDFC family." HDFC has paid Rs 170 crore for the schemes.
However, Morgan Stanley's India fund business was tiny in every context. Despite trying for close to two decades, its Rs 3,300-odd crore asset base was barely 0.3 per cent of the Indian fund industry's size. It's also tiny compared to acquirer HDFC Mutual Fund's Rs 1.03 lakh crore asset base and won't have a significant impact on its business.
In terms of quantitative impact, this is a minor acquisition. However, its qualitative impact will be considerable, reinforcing the impression that the Indian fund management business is increasingly unattractive for global players and that they do not see much of a future here.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
|
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