Millennium Post

Country’s MF count at half century mark

The number of registered mutual funds in the country has reached 50, with the latest addition of PPFAS Mutual Fund of Parag Parikh Financial Advisory Services group among the SEBI-registered fund houses.

As per the latest list of SEBI-registered mutual funds in the country as on 31 October, 2012, there are a total of 50 such entities after PPFAS Mutual Fund was granted registration last month.

This is the only entity to get SEBI registration so far in 2012, while a total of three fund houses (IIFL Mutual Fund, Indiabulls Mutual Fund and Union KBC Mutual Fund) were registered with SEBI last year and two others (IDBI and Pramerica MFs) got their SEBI registrations in 2010.Out of 50 MFs registered with SEBI, registration of CRB Mutual Fund stood suspended as on 31 October, SEBI data shows.

The mutual fund industry in India started in 1963.
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