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JPC
set to grill corporate, market biggies in Dec, Jan |
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Soon after it received another
extension from the Parliament, the Joint Parliamentary Committee
probing the stock market scam of March 2001, has once again
swung into action. |
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Fund
managers shift focus from tech to pharma, FMCG |
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Equity funds are increasingly
focussing on more defensive sectors like healthcare, consumer
durables and financial services. Fund managers seem to be playing
safe by taking major exposure to pharma and FMCGs, while pruning
investments in technology. |
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Investors
stay off equity funds in October |
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Inflow into equity funds touched
a nadir in October as 112 schemes could attract a paltry Rs
95 crore, compared to Rs 179 crore from 111 funds in September.
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Canbank
MF to go solo as joint venture talks fail |
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Canbank Investment Management
Services Ltd, the asset management company of Canbank Mutual
Fund, has decided to continue moving ahead on its own in the
MF industry as the two-month old talks for a joint venture partner
failed last week. |
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