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SIP wave hits record level, more to come

India s mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.

CBI names Chintels India s CMD, seven more in Paradiso cave-in chargesheet, ET RealEstate

Two more Chintels executives, former CEO D Vasudevan and project manager Kuldeep Kumar Kaul, were charged by the CBI after a yearlong investigation since it took over the probe from Gurgaon police on January 17 last year.

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