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Religare exits mutual fund business, sells out to partner

Religare did not disclose the exact reasons for the sale, but sources said it could be due to promoters wanting to monetise some assets to meet other financial obligations.

According to data from the Association of Mutual Funds in India (Amfi), investors have poured in a net of Rs 1,34,564 crore in MF schemes last month.
Don't put all your eggs in one basket, stagger and diversify your investments to continue getting rich dividends.
Equity fund managers deployment in software stocks stood at Rs 31,834 crore in September last year.
Post regulatory approvals, the Japanese company would become the co-sponsor in Reliance Capital Asset Management.
According to data from the Association of Mutual Funds in India (AMFI), investors withdrew a net Rs 77,142 crore in MF schemes last month.
LIC-Nomura MF was the first AMC to get Sebi approval and launched the open-ended G-Sec ETF last December.
MFs have reported net inflows of Rs 53,666 crore in equity schemes in the first six months of 2015-16, helping the industry grow the folio count.
Systematic investment plan not only minimises the risk of losses due to fall in equity markets but also saves you the hassle of timing the markets.
Often you must have received advice on when to invest in a particular stock or a particular mutual fund? But you are seldom told when to exit.

The last financial year was characterised by a sharp surge in the stock market, up 25 per cent, which led to superior performance by equity-oriented funds.