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Friday, April 9, 1999

Market Briefing 

FE NEWS SERVICE  
KPMF growth funds outperform: All the growth funds of Kothari Pioneer Mutual Fund (KPMF) continued to outperform the market. The quarter ended March 31, 1999 saw KPMF taking a conscious effort to reduce their exposure in the IT sector in their non-sector specific funds.

Personal finance portal: Prudential ICICI Asset Management Company has launched India's first interactive personal finance portal. According to the company this internaet innovation takes the company even closer to creating a worldwide brand that is seen as a preferred provider of financial solutions. The website of the company is Indiainvest.com which since its inception 15 days back has already got 1,400 registered users.

Bishnoi to head JM AMC: Ashutosh Bishnoi has been appointed president and chief executive officer of JM Capital Management Ltd, which manages the family of JM Mutual Funds. Ashutosh Bishnoi will be responsible for overseeing the integerated financial operations and interacting with the regualtor.Ashutosh Bishnoi was head of strategic development at HTA, prior to joining JM Mutual Fund.

BSE complaints list: BSE has received 3,432 complaints against 480 listed companies in the month of March 1999. During the same month 1,902 complaints were resolved which included complaints that were brought forward. BSE received 30 complaints of type I and resolved 29 in the same category. BSE received 852 complaints of type II and resolved 555 complaints in this category. It received 1,975 complaints of type IV and resolved 971 whiel BSE received 575 complaints of type IV and resolved 347 complaints in the type IV category.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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