Home | Register | Sign in | Contact Us | Sitemap |
   
11 Jul 2012 05:00 AM
MF industry stakeholders to meet finance ministry today 
Ravi Samalad
 

Top MF CEOs, AMFI, SEBI and FIFA are set to meet the finance ministry today in Delhi in continuation of the dialogue to revive the mutual fund industry.

In the last meeting held on July 02, AMFI, top 10 AMC CEOs and FIFA had suggested various measures to bring the industry on fast track. “It’s a follow-up meeting. It seems there’s urgency within the government to take immediate steps for the industry. We could expect some measures after this meeting,” says Dhruv Mehta, Chairman, FIFA.

In the last meeting chaired by Economic Affairs Secretary R Gopalan, MF stakeholders had suggested passing of service tax to investors, allowing Rajiv Gandhi Equity Savings Scheme (RGESS) to be routed through mutual funds, allowing continuation of tax benefits in ELSS, increase in total expense ratio, among other measures to the ministry. Dr Thomas Mathew, Joint Secretary (CM), Department of Economic Affairs is likely to be present at tomorrow’s meeting.

The meetings in quick succession of MF stakeholders with the finance ministry and the repeated announcements by the government have raised hopes of announcements of immediate measures.

 
|
|
|
|
|
|
|
Cafemutual welcomes your comments. Any disagreements or criticisms must be expressed in a dignified manner. Thank you.
blog comments powered by Disqus
 
Related Articles
NFOs now open May 21
Deutsche MF introduces DWS Fixed Maturity Plan - Series 16 (DFMP - 16)
Religare MF introduces Religare Fixed Maturity Plan - Series XV - Plan F (369 days)
ICICI Prudential MF introduces ICICI Prudential Fixed Maturity Plan-Series 64-3 Year Plan K
Taurus MF introduces Taurus Fixed Maturity Plan Series V (370 Days)
Deutsche MF introduces DWS Hybrid Fixed Term Fund - Series 9
HDFC MF introduces HDFC FMP 371D September 2012 (1)
Deutsche MF introduces DWS Hybrid Fixed Term Fund - Series 9
As markets gain, investors continue to cash out of equity funds
SBI MF to empanel SBI's retired employees under the new cadre of distributors
Registering SIP to get easier and faster
US funds in vogue
Federation of Mutual Funds Distributors Association of India expected to be functional in June
Gold ETF trading picks up on bourses during Akshaya Tritiya
Now, insure financial goals with general insurance cover
SBI MF launches ‘Gold Accumulation Facility’
 
About Us | Media | Advertise With Us | Editorial Policy | Contact Us | Privacy Policy | Disclaimer | Sitemap
© Cafemutal.com. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of cafemutual.com is prohibited.
Best Viewed in I.E 7.0 and above. Resolution: 1024 * 768. Developed & Hosted by Accord Fintech Pvt. Ltd