Draft offer documents of the following Mutual fund schemes are submitted to SEBI for approval and are now put on SEBI website for public view and commenting:
Edelweiss Gilt Fund
Goldman Sachs Sustain Fund
IDFC Fixed Maturity Plan
Reliance Fixed Horizon Fund XII
September 25th, 2008
Draft offer documents for the following mutual fund schemes are submitted and are put for public view and commenting:
Bharti Axa Monthly Income Plan
Bharti Axa Short Term Income Fund
Goldman Sachs India Equity Fund
JM Fixed Maturity Fund - Series XIV
September 9th, 2008
Monday, September 01, 2008 5:06:33 PM IST
Goldman Sachs Asset Management (GSAM) LP is the latest to join the Mutual Funds business. GASM got the approval from the SEBI to start an their AMC operations and mutual fund activities.
Goldman Sachs joins the lucrative but already highly competitive business segment in the country. There are as many as 34 mutual fund houses in India at the moment each of them working hard to grab the confidence of the investors. With equity markets has lost considerably in recent times and money markets staying too tight to make bucks, the current market scenario is really testing time for the mutual fund houses to retain the confidence of the investors.
Indian Mutual Fund market has seen many new names in the last 1 year or so. AIG Global, Bharti AXA, JPMorgan, Mirae are few names who have entered into foray in recent times.
September 1st, 2008