Birla Sun Life Mutual Fund recently launched a new fund offer (NFO) for Birla Pure Value Fund. This is among several NFOs launched by the fund house over the last few years.
Mutual fund industry is expected to see its assets more than double to Rs 12.8 trillion by 2012, with the entry of over 15 new fund houses in the near future, a latest report says.
Fidelity Fund Management has entered into an agreement with Federal Bank, one of India's premier private sector banks, for the distribution of its products.
Schemes, which are no different from other schemes of the mutual fund that are already in existence. New schemes launched by mutual funds are referred to as new fund offers or NFOs.
Sanjoy Mitra, a fund manager with a leading mutual fund, was getting ready to go to office, but couldn't locate his tie. Why on the earth did he have to wear a tie in the first place?