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HDFC Mutual Fund has marked down the value of its schemes with exposure to the papers issued by Hazaribagh Ranchi Expressway (HREL) by another 12% after the issuer failed to make annuity payments, principal and net worth ?52.7 crore as on April 14.

Mirae Asset Mutual Fund has set a target clock of Rs 40000 crore of Asset Under Management (AUM) in calendar 2019, eyeing 74% growth over 2018.

Birla Sun Life Mutual Fund (MF) — the only fund house holding Jet Airways shares in its actively managed schemes — off-loaded Rs 13 crore worth of shares in the troubled airline, in a bulk deal on Thursday.

L&T Mutual Fund has announced dividend under the following schemes:

HDFC Asset Management Co. Ltd, which has a series of Fixed Maturity Plans (FMPs) exposed to Essel Group, on Monday issued a note on how it will handle them at maturity.

Graham Tuckwell's ETF Securities has partnered with Reliance Nippon Life Asset Management Company for managing the exchange-traded fund investing in India, two sources from the Indian mutual fund industry told Moneycontrol.

ITI Mutual Fund that announced the launch of its operations on April 15 plans to launch four schemes until August 2019.

Our past experience does suggest that it makes sense to work for recovery of money rather than resorting to panic selling and that’s what we applied in case of Zee in FMPs, said Nilesh Shah, MD, Kotak AMC, in an interview with ETNOW.

ITI Asset Management Ltd. has joined India’s already crowded mutual fund space with the launch of two maiden schemes – ITI Liquid Fund and ITI Multicap Fund. In a press conference, the AMC also announced plans to set up offices in India’s 30 largest (T30) cities and build a distribution network there. “We expect to break even at an AUM of Rs10,000 crore which we should achieve around the 5th year of operations," said George Heber Joseph, CEO of ITI Asset Management.

Ever since the news broke out that Kotak mutual fund has held back part payment to its unitholders on maturity of its series 127 and 183 FMP on the account of non-repayment by Essel group promoters, it spread jitters among investors with regard to safety of their money. Lakshmi Iyer, CIO (Fixed Income), Kotak AMC, sought to allay investor concerns, saying that the money will be paid back to unitholders, with interest, by 30 September — the deadline for Subhash Chandra-led entities to pay the dues.

Reliance Mutual Fund has prepone the closing date of New Fund Offer (NFO) period of Reliance Fixed Horizon Fund - XLI - Series 7 from April 17, 2019 to April 16, 2019.

Reliance Mutual Fund has prepone the closing date of New Fund Offer (NFO) period of Reliance Fixed Horizon Fund - XLI - Series 7 from April 17, 2019 to April 16, 2019.

Seeking to calm the nerves of worried investors, Kotak Mutual Fund said it was working with promoters of Essel Group to ensure 'optimal recovery' of dues. In a communique that was sent on April 11, the Uday Kotak-owned fund house said its exposure to Essel Group is limited to six fixed maturity plans (FMPs). In Kotak Credit Risk Fund, the exposure was to the extent of 0.37 percent of its total assets under management (AUM)

Investors in eight Kotak FMPs maturing between April 4 and May 15 will not get back the entire money on account of the delay in repayment by the two Essel group companies — Konti and Edison – which are backed by security of shares of Zee Entertainment EnterprisesNSE 1.76 % Ltd. This is the first time after 2008 where investors in FMPs — a debt product with a lock-in – are not getting repaid in full on maturity. ET spoke to Nilesh Shah, managing director, and Lakshmi Iyer, chief investment officer (debt) and head (products) at Kotak Mutual Fund.

It is not a time to panic. Investors should keep their faith in fixed maturity plans (FMPs), as ‘every chest pain is not a heart attack,” says Lakshmi Iyer, chief investment officer- fixed income at Kotak Mahindra Asset Management Co. In a conversation with ETMarkets.com, Iyer says the biggest learning from the recent turn of events is that the asset manager needs to watch out for leverage very closely.