IDFC BOUGHT STAN CHAT MUTUAL FUND BUSINESS AT $205 BLN IN INDIA.
MF AUM REACHED AT RS 5.65 TRILLION.
INDIABULLS GOING TO SET UP A.M.C GOT APPROVAL FROM SEBI .
A U M OF EQUITY FUND STOOD AT RS 207659 CR.FUND MANAGER BOUGHT NET RS514 IN FEB 08.
FUND MANAGERS ARE SITTING ON RS 22908 CR ON CASH,OF THIS RS 16642 CR OF EXISTING FUND AND RS 6266 CR MOBILISED THROUGH NFO.
FUND MANAGERS RAISE THE RATIO OF ABSOLUTE CASH LEVEL TO 17.4% APROX FROM %8.5 APROX, TO MANAGE UNCERTAIN CONDITION OF EQUITY MARKET.
FUND MANAGERS ARE SLASHED THEIR EXPOSER TO HOUSING&CONSTRUCTION,POWER,STEEL SECTOR AND INCREASE THEIR EXPOSER TO I T,PHARMA,OIL&GAS.
