SBI Mutual Fund has launched a new scheme SBI PSU Fund focusing on PSU growth potential. It is an open ended equity scheme, that aims to provide investors with opportunities for long-term growth in capital.

Mumbai - Fidelity Mutual Fund today announced a unique Loyalty Premium for investors in Fidelity Equity Fund (FEF) who have stayed invested since inception. This coincides with Fidelity completing five years of business in India.

Mumbai - Quantum Mutual Fund, India's 1st direct to investor mutual fund has announced the appointment of Jimmy A Patel as Chief Executive Officer (CEO).

Mr. Patel has close to 20 years of experience in the financial services sector, and has been credited for his contributions in key management roles in the industry.

Along with holding a Chartered Accountant's degree, Mr. Patel has also completed his L.L.B. from the University of Mumbai.

Speaking on his appointment, Mr. Patel said, "I am delighted to join Quantum Mutual Fund, and am excited about the opportunities that lie ahead. As the country's first direct to investor mutual fund we have always focussed on the investor, selling our funds directly through the retail channel. Going ahead, we intend to deepen this focus."

Expressing his views on the Quantum philosophy, Ajit Dayal, Chairman, Quantum Mutual Fund, said, "Quantum Mutual Fund has been the first - and only - mutual fund that has refused to pay distributor commissions. Since inception, we have always worked for the benefit of our investors and have consciously kept away from opaque distributor channels that charged undisclosed commissions. At a time where other mutual funds are busy fighting to find ways to pay commissions to distributors, Quantum continues to work for the interest of the investor."