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Sumitomo Mitsui may pick up 10% stake in proposed 'Reliance Bank'

Japan's Sumitomo to buy 2.77% stake in Reliance Capital for Rs 371 cr

Citigroup sells Japan retail banking business to Sumitomo Mitsui

Japanese firm Nippon to hike stake in Reliance Capital AMC to 49%

Japanese financial services giant Nippon will hike its stake in India's top fund house Reliance Mutual Fund from 26 per cent to 49 per cent, while investing Rs 657 crore for the first tranche of nine per cent.

MF assets at Rs 8.78 lakh cr in 2013, up by Rs 85,000 cr

Fund houses are upbeat about an even better performance in 2014 on account of various measures initiated by market regulator Sebi as well as plans of individual players to expand the distribution network across the country.

Mutual funds see asset base grow by Rs 1 lakh crore in 2013

Fund houses are upbeat about an even better performance in 2014 on account of various measures initiated by market regulator Sebi as well as plans of individual players to expand the distribution network across the country, particularly to smaller cities.

FM's move to curb gold fails as imports surge 150 percent

Mutual funds bullish on IT, pumps in record Rs 32,000 crore into stocks

MFs have been showing interest in software stocks since the beginning of the year amid rising equity market

MF assets rise by 6,300 cr to Rs 10.12 lakh cr in August

The rise in AUM during August was primarily due to inflows in equity funds, which was eventually helped by a strong stock market.<br />

Indian mutual funds rope in KPMG to comply with new US tax law

FATCA, which took effect from July 1, may have significant implications for Indians residing in the US and investing in products offered by the Rs 10 trillion Indian mutual fund industry.<br />