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Top mutual fund CEOs earn robust salaries in 2016-17; loss-making MFs also pay big
•Last month, Sebi had directed fund houses to disclose annual remuneration of all employees earning Rs 1.02 crore or above within one month of a financial year, starting with 2016-17
Four fund houses in talks for mergers in Rs 15 lakh cr mutual fund industry, say experts
•Total asset base of the Indian mutual fund business crossed Rs 15 lakh crore last month, although the industry is highly scattered with 42 active players with most of them having small businesses.
HDFC MF chief Milind Barve gets Rs 26.21 crore in salary, ESOPs
•Top fund house HDFC Mutual Fund's chief Milind Barve has got a total remuneration of Rs 26.21 crore for the latest fiscal 2015-16, but a large portion came from exercise of ESOPs previously granted to him.
HDFC MF remains most profitable fund house in FY15, clocks profit of Rs 416 crore
Fp Archives •Reliance MF takes second position with PAT of Rs 357 crore last fiscal
Headless UTI MF tops AAUM growth for September quarter
Sourav •AAUM grows 16 percent; HDFC MF tops in market share
If your MF isn't profitable, how will it make money for you?
Arjun Parthasarathy •Most asset management companies are not at all profitable. If they can't make money even for themselves, how are they supposed to do that for you?