| Lotus India launches Lotus India Banking Fund |
| Real estate MFs to draw in more foreign money Under the new rules, which are carved out of the regular mutual fund guidelines of Sebi, an REMF can invest the entire money that it mops up directly in real estate assets . |
| Lotus India AMC launches Open-Ended Banking Fund The New Fund Offer priced at Rs.10 per unit (plus applicable entry load) opened for initial purchase from May 19, 2008 and closes on June 17, 2008. |
| Shariah-compliant plans are flavour of the season for MFs In a move that would enable Muslims in India to participate in the stock market, four asset management companies - Reliance Mutual Fund, UTI Asset Management, Way2Wealth and the newly-approved Edelweiss Mutual Fund - are planning to launch Shariah-compliant mutual funds in the coming months. |
| KKR hires Lazard MD to lead its infrastructure fund KKR has hired George Bilicic, the former MD of Lazard to take charge of its new infrastructure fund, who was earlier responsible for its power, energy and infrastructure activities. |
| SBI MF announces 40% dividend for MSFU |
| Mutual fund industry to tap entertainment space Asset management companies (AMCs) do have thematic funds focusing on select sectors. |
| Principal launches Fixed Maturity Plan 91 Days Series XIV |