Indian mutual fund industry

Religare exits mutual fund biz, sells 51% to partner Invesco

After life insurance, financial services group Religare Enterprises has decided to exit mutual fund business with sale of its controlling 51 percent stake in Religare Invesco AMC to the foreign partner Invesco.

Nov 19, 2015, 12:27 PM IST

MFs rope in KPMG to comply with new US tax law

Indian mutual funds have roped in global consultant KPMG to help them prepare for the Foreign Account Tax Compliance Act (FATCA) - a new law enacted by the US to help combat tax evasion by Americans through overseas entities including in India.

Aug 26, 2014, 13:55 PM IST