The Housing And Urban Development Corporation Of India(HUDCO) was incorporated on 25th April 1970,under companies act 1956,as a fully owned enterprise of Govt Of India.The establishment of HUDCO was to deal with the problems of growing housing shortages,rising number of slums and to accelerate the pace of construction and elimination of housing shortages. Operational Areas…
AUM Under Mutual Funds For Quarter Ending Sept. 2011:
Recently AMFI declared assets under namagenent of all asset managemant companies across India.HDFC mutual fund surpassed Reliance mutual funds in terms of total assets.It have achieved market share of 12.9% Vs. 12.7% that of Reliance mutual fund. Assets under different mutual funds for quarter ended 30th sept is as follows: Mutual Fund Avg AUM(Rs. In…
Mutual Fund Transaction Messages & Its Either Advisor Or Distributor:
Become Either MF Distributor Or Advisor: Finally it seems that regulators come to know that distributors just can not work as advisors.SEBI have released concept paper before few days back where it wants intermediary to choose either to become distributor or advisor.Distributors will get upfront brokerage from mutual fund houses while they will not be able…