| Registering SIP to get easier and faster |
| 09:36 May 16,2013 |
|
NACH systems helps fund houses cut down SIP registration time from the existing 21 days to three days. |
|
| JP Morgan files offer document for its Government Securities Fund |
| 11:30 May 13,2013 |
| - |
|
| Pine Bridge MF files offer documents for its US Equity Fund |
| 11:28 May 13,2013 |
| - |
|
| Peerless AMC declares dividends under its two quarterly dividend options |
| 11:04 May 07,2013 |
| - |
|
| JP Morgan AMC files offer document for its US Value Equity Offshore Fund |
| 11:07 May 07,2013 |
| - |
|
| What’s in a name? |
| 08:59 May 05,2013 |
| Distributors, investment advisors, financial planners, wealth managers…. Very often the advisor fraternity uses these labels freely and interchangeably. However, each of these labels implies a different model and skills set. |
|
| RBI cuts repo and reverse repo rate by 25 basis points. What should you tell your clients? |
| 07:01 May 03,2013 |
| Fund managers recommend investing in short term and dynamic bond funds for investment horizon of less than a year and long duration gilt funds for up to three years exposure. |
|
| Axis Mutual Fund appoints Chandresh Nigam as its CEO |
| 11:20 Apr 30,2013 |
| He will continue to be the CIO |
|
| AMCs plan to appoint foot soldiers to reach beyond the top 15 cities |
| 09:21 Apr 25,2013 |
| Fund houses are looking at alternate models like business development associates and are leveraging their existing network distribution network to penetrate in rural towns. |
|
| Motilal Oswal AMC launches MOSt Focused 25 Fund |
| 03:39 Apr 17,2013 |
| The fund will follow a ‘buy and hold’ strategy. |
|
| Gold prices have plummeted 20 percent. What should advisors tell their clients? |
| 05:48 Apr 16,2013 |
| Fund managers say that there is nothing wrong with gold fundamentallyand the fall in gold prices is due to technical reasons. They advise investors to take this opportunity to invest in gold in a staggered manner. |
|
| Debt funds the only saving grace for MF industry in FY 2012-13 |
| 09:33 Apr 15,2013 |
| MF industry gains Rs 1.14 lakh crore assets in FY 12-13, mainly in debt funds. |
|
| Parag Parikh AMC to launch its first fund in May |
| 09:34 Apr 15,2013 |
| The AMC has got SEBI approval to launch its maiden equity fund called PFAS Long Term Value Fund. |
|
| AMFI to hire CEOs to run MF Utility and SRO |
| 09:29 Apr 14,2013 |
|
AMFI is seeking candidates who have a minimum 15 years of experience in financial services. |
|
| CAMS celebrates silver jubilee |
| 09:34 Apr 14,2013 |
| CAMS provides R&T services to 16 AMCs capturing around 60 percent of industry in AUM terms. |
|
| All you wanted to know about colour coding |
| 05:46 Apr 04,2013 |
| SEBI has asked AMCs to colour code all their existing as well as new schemes from July 1, 2013. Let us clearly understand the concept of colour coding. |
|
| HDFC retains its top position in assets during Jan – March 2013 |
| 09:27 Apr 03,2013 |
| Industry’s assets inch up 1% from Rs 7.86 lakh crore in December 2012 to Rs 7.94 lakh crore in March. |
|
| Now MF distributors’ nominees can get commissions without ARN |
| 09:28 Apr 02,2013 |
| Nominees of mutual fund distributors can now get commissions on ongoing SIP transactions and they need not hold ARN license. |
|
| MF distributors await EUIN even as deadline ends |
| 11:22 Mar 31,2013 |
| Distributors seek extension of EUIN compliance deadline. |
|
| Canara Robeco MF files offer document for its Agribusiness Fund |
| 01:35 Mar 30,2013 |
| - |
|
| Canara Robeco MF files offer document for its Agribusiness Fund |
| 01:35 Mar 30,2013 |
| - |
|
| ELSS evokes a lacklustre response, AMCs & advisers hopeful of a last minute rush |
| 09:37 Mar 22,2013 |
| As the financial year ends, AMCs and advisers are hopeful of garnering last-minute assets in ELSS. |
|
| RBI cuts repo rate. What should you tell your investors? |
| 04:37 Mar 19,2013 |
| Fund managers recommend actively managed duration funds to investors with a time horizon of 12-18 months. |
|
| Mutual fund products will be labeled from 1stJuly |
| 04:40 Mar 19,2013 |
| Labeling of product intended to curb mis-selling. |
|
| AMCs seek SEBI nod to make their RGESS open ended |
| 10:47 Mar 16,2013 |
| Some fund houses are considering launching open ended RGESS and have approached SEBI for permission. |
|
| AMFI advertising campaign has a second innings |
| 10:43 Mar 12,2013 |
| AMFI had run the first campaign in September 2011.
|
|
| AMCs report robust collection through RGESS |
| 09:21 Mar 11,2013 |
| DSP Black Rock and UTI Mutual Fund report decent collections. |
|
| Entry load issue raised in Rajya Sabha |
| 08:36 Mar 08,2013 |
| Anil Desai of Shiv Sena made a case for re-introduction of entry load. |
|
| Avinash Ramnath steps down from Canara Robeco |
| 08:43 Mar 08,2013 |
| Avinash was heading marketing at Canara Robeco Mutual Fund. |
|
| Investors can now search for financial advisors through Advisorkhoj.com |
| 09:26 Mar 06,2013 |
| AdvisorKhoj is a website that brings together investors, distributors and AMCs. Its founder Pradip Chakrabarty shares his plan on his new venture in an interview with Pallabika Ganguly. |
|
| UTI MF ropes in over 500 new cadre of distributors |
| 09:35 Mar 05,2013 |
| Other AMCs too are actively looking for the new cadre of distributors |
|
| Distributors seek easy, uniform KYC norms |
| 09:36 Mar 05,2013 |
| Complicated KYC norms are deterring first time investors to invest in mutual funds, say distributors. |
|
| AMCs take the battle to the field in Kolkata |
| 09:37 Mar 04,2013 |
| AMCs participate enthusiastically in the inter-AMC tournament organized by ASK Circle. |
|
| AMCs optimistic of getting decent inflows in their RGESS NFOs |
| 09:38 Mar 04,2013 |
| Identifying potential RGESS customers remains a big challenge. |
|
| MF distributors not keen to take up stock exchange membership |
| 10:44 Mar 03,2013 |
| Distributors are looking forward to MF Utility platform. |
|
| Budget leaves key issues of MF industry unresolved |
| 09:07 Feb 28,2013 |
| Tax exemption on scheme mergers, allowing mutual funds to launch pension products (401 k type schemes) find no mention in the Union Budget 2013. |
|
| MF Utility portal to be a reality soon |
| 09:17 Feb 27,2013 |
| AMFI has initiated the process of forming a company to run MF Utility. |
|
| Tata MF sales head quits, J P Morgan gets a new retail sales head |
| 09:52 Feb 26,2013 |
| Hitungshu Debnath had joined Tata AMC in January 2011. |
|
| HSBC AMC scraps exit load in all schemes |
| 11:57 Feb 24,2013 |
| In a bold move, HSBC Mutual Fund decided to scrap exit load in all its schemes from March 01. |
|
| AMFI relaxes experience norms for new cadre of distributors |
| 09:52 Feb 21,2013 |
| AMFI has done away with the 10 year experience criteria required for insurance agents and bank correspondents to enroll as new cadre of distributors. |
|
| ‘I can never forget this moment’ |
| 09:41 Feb 18,2013 |
| IFAs share their memorable moments |
|
| IDBI AMC unveils Rajiv Gandhi Equity Savings Scheme |
| 03:57 Feb 12,2013 |
| The new fund offer opened for subscription on February 9, 2013 and closes on March 9, 2013. |
|
| Indiabulls AMC launches Indiabulls Income Fund |
| 01:02 Feb 12,2013 |
| The scheme opened for subscription today and closes on 26th February 2013. |
|
| SBI AMC launches SBI Sensex ETF |
| 06:14 Feb 12,2013 |
| SBI Sensex ETF is a RGESS which opened for subscription on February 9. |
|
| AMFI relaxes ARN registration norms for new cadre of distributors |
| 12:00 Feb 11,2013 |
| New cadre of distributors need not go through KYD process. |
|
| FM promises to make RGESS more attractive in the forthcoming budget |
| 11:56 Feb 11,2013 |
| Finance Minister P Chidambaram urges regulators to introduce single KYC across all intermediaries and promises to tweak RGESS in upcoming budget to attract retail investors. |
|
| Peerless AMC first to accept cash investments |
| 12:20 Feb 04,2013 |
| Peerless MF introduces cash investments facility in partnership with Allahabad Bank |
|
| Equity mutual fund folio closures accelerate in December |
| 09:19 Feb 03,2013 |
| The industry saw more than 36 lakh folios dip in equity mutual funds while debt funds added 7.31 lakh folios from April 2012 to December 2012. |
|
| Nudging the distributor |
| 02:43 Jan 31,2013 |
| Here is what a preliminary study of the new SEBI Investment Advisers regulations reveals |
|
| AMFI revises code of conduct for MF distributors |
| 02:11 Jan 30,2013 |
| AMFI has expanded the scope of code of conduct for mutual fund distributors in line with the recent regulatory changes made by SEBI |
|
| AMCs line up gilt funds ahead of rate cut expectations from RBI |
| 11:54 Jan 24,2013 |
| The assets under management in gilt funds almost doubled from Rs 3442 crore in April 2012 to Rs 6500 crore in December 2012. |
|
| Gold ETFs to be allowed to park 20 percent in banks |
| 11:17 Jan 23,2013 |
| According to fund managers, linking Gold ETFs with deposit schemes may not make any significant difference as the interest offered by banks on gold deposits is low. |
|
| Small distributors feel that new regulations are too onerous |
| 08:31 Jan 22,2013 |
| Not many takers at this stage for adopting the Investment Advisers (IA) regulations. |
|
| Should you become an ‘investment adviser’ or ‘distributor’ - points to ponder |
| 08:29 Jan 22,2013 |
| Most IFAs tell Cafemutual that they would prefer to continue to operate on their existing models while others will wait and watch the situation |
|
| ICICI Prudential, Franklin Templeton & DSP Black Rock bag Money Today - FPCIL Awards |
| 09:57 Jan 18,2013 |
| Lovaii Navlakhi of International Money Matters bags the best institutional financial planner while Mukesh Jindal of Alpha Capital wins the best independent financial planner of the year award |
|
| IFAs coming back to MFs; 10,000 more advisors get KYD compliant in 2012 |
| 07:40 Jan 17,2013 |
| The number of KYD compliant distributors has gone up from 40,000 to 50,000. |
|
| SEBI Chief urges fund managers to take a proactive role in corporate governance |
| 11:40 Jan 17,2013 |
| Retail investors will eventually benefit from the actions of institutional investors |
|
| LIC Nomura MF adds additional features in its unit linked income scheme |
| 07:42 Jan 16,2013 |
| LIC Nomura MF plans to garner Rs 500 crore under its unit linked income schemes till March end. |
|
| SEBI working on single KYC for financial markets; distributor and product labeling regulations soon |
| 07:59 Jan 16,2013 |
| SEBI is going to hold discussions with other regulators and the Ministry of Finance to extend the KYC done through KYC Registration Agency (KRA) for the entire financial market. |
|
| Fund managers bullish on India |
| 07:00 Jan 15,2013 |
| Speaking at the India Investment Conference organized by NISM in Mumbai last week, Prashant Jain, Sunil Singhania, Raamdeo Agrawal and Ridham Desai share their views on the current valuations, future outlook and key risks for the Indian markets. |
|
| NISM simplifies certification for new cadre of distributors |
| 11:04 Jan 13,2013 |
| SEBI’s decision to rope in more distributors should help increase the penetration of mutual funds. |
|
| AMFI’s 'Central Distributor Services’ to bring operation relief to advisors |
| 11:00 Jan 13,2013 |
| The centralized data keeping will be operational from January 15, 2013.
|
|
| Motilal Oswal AMC appoints Aashish Somaiyaa as its CEO |
| 01:56 Jan 08,2013 |
| Aashish was heading the retail business at ICICI Prudential AMC earlier. |
|
| Simplified certification for new cadre of distributors to be out soon |
| 06:30 Jan 06,2013 |
| The fee for a one-day training program for new cadre of distributors would be kept low.
|
|
| Fund houses line up offer documents for Rajiv Gandhi Equity Scheme |
| 09:52 Jan 05,2013 |
| After DSP BlackRock, IDBI and SBI have also filed offer documents with SEBI for RGESS. |
|
| Optimistically Speaking |
| 09:23 Jan 02,2013 |
| Rajan Krishnan, an industry veteran feels that the industry has a lot to look forward to! |
|
| HDFC AMC crosses Rs 1 lakh crore asset mark again |
| 09:32 Jan 02,2013 |
| ICICI Pru registers the highest asset growth; Reliance, Birla Sun Life and J P Morgan too add sizeable assets in October – December quarter, shows the latest AMFI data. |
|
| The Global Picture |
| 06:51 Jan 01,2013 |
| - |
|
| AMCs gear up to launch Rajiv Gandhi Equity Savings Scheme |
| 07:52 Dec 31,2012 |
| Many AMCs are modifying their existing products to make them RGESS compliant while some are filing for new schemes. |
|
| Market turnaround makes ELSS more attractive for investors |
| 10:46 Dec 28,2012 |
| Advisors are hoping of garnering good inflows in ELSS this year. |
|
| IDBI Gilt Fund NFO garners Rs 120 crore |
| 10:40 Dec 27,2012 |
| The scheme will be managed by Gautam Kaul who has 11 years of experience in debt market. |
|
| AMFI-unit of CAMS is to create and maintain a common database of distributors |
| 09:18 Dec 25,2012 |
| Distributors are not supposed to approach individual AMCs, RTAs for any modification in their employee unique identity number (EUIN) data from January. |
|
| Fund Houses to issue electronic Common Account Statement |
| 10:54 Dec 21,2012 |
| AMFI goes green in collaboration with AMCs |
|
| ‘The distributor needs to be compensated adequately’, says Sriram Taranikanti, IRDA |
| 10:40 Dec 20,2012 |
| Leading experts from insurance, asset management and wealth management industry deliberated on the changing landscape of financial distribution in India at CII’s Financial Distribution Summit 2012 held in Mumbai. |
|
| AMCs start adding ‘direct investment’ plan in SID |
| 09:36 Dec 15,2012 |
| Question on everyone’s mind is how many investors will opt for Direct plan |
|
| SEBI asks AMFI to expedite process of roping in new cadre of distributors |
| 09:39 Dec 15,2012 |
| AMFI is in the process of working out the modalities of a simple certification with NISM. |
|
| The fund industry sees a few more exits |
| 09:08 Dec 13,2012 |
| While some among them may join other AMCs, others are planning on turning entrepreneurs |
|
| Edelweiss launches BOOM PMS |
| 09:09 Dec 13,2012 |
| The fund aims to enhance equity returns while protecting downside by applying quant model. |
|
| SEBI cracks down on mis-selling; terms it a fraudulent practice |
| 06:05 Dec 13,2012 |
| Mis-selling of mutual funds will now be punishable |
|
| Arvind Sethi appointed as Managing Director and CEO of Tata MF |
| 10:18 Dec 11,2012 |
| Arvind Sethi was an Independent Director on the Board of Tata AMC |
|
| SEBI announces RGESS norms |
| 09:34 Dec 08,2012 |
| The regulator has asked stock exchanges to shortlist shares eligible for Rajiv Gandhi Equity Savings Scheme (RGESS). |
|
| BOI Axa Mutual Fund launches SIP insurance |
| 09:46 Dec 08,2012 |
| The facility is open to new and existing investors from December 6th, 2012. |
|
| UTI Mutual Fund ties up with Oriental Bank of Commerce |
| 02:49 Dec 07,2012 |
| - |
|
| Aashish Somaiyaa to take over as the CEO of Motilal Oswal AMC |
| 09:51 Dec 05,2012 |
| Aashish has been with ICICI Prudential AMC for over 12 years |
|
| IDBI launches IDBI Gilt Fund |
| 11:07 Dec 04,2012 |
| The new fund offer opens for subscription on December 5th and closes on December 17th |
|
| Sanjay Sachdev steps down from Tata Mutual Fund |
| 07:13 Nov 30,2012 |
| Sanjay was heading Shinsei AMC before joining Tata in 2010. |
|
| AMFI rolls out unique identity number for distributor’s employees |
| 03:46 Nov 30,2012 |
| Employees of distributors offering sales advice to investors need to surrender their existing corporate ARN cards by 30th November. |
|
| New KYC norms to become effective from 1st December 2012 |
| 02:26 Nov 30,2012 |
| MF investors who have done their KYC before January 01, 2012 are required to provide certain additional mandatory information to invest in new mutual funds from November 30th. |
|
| Mid-sized AMCs cut losses in FY12 |
| 08:42 Nov 29,2012 |
| Seven mid-sized fund houses managed to cut their losses to the tune of Rs 39 crore in FY12 despite bad market conditions. |
|
| UTI AMC starts a fresh search for its Chairman |
| 06:11 Nov 27,2012 |
| The position has been vacant for over 21 months since U. K. Sinha left UTI to take over as SEBI Chairman. |
|
| L&T completes the acquisition of Fidelity |
| 06:20 Nov 26,2012 |
| L&T Mutual Fund to now manage Rs. 12,800 crore for 9.5 lakh investors. |
|
| Government allows LIC to invest up to 25 percent in listed companies |
| 09:32 Nov 23,2012 |
| Currently the giant insurer can invest only 10 percent in listed companies. |
|
| Siddhartha Singh appointed as the CEO of PineBridge Investments AMC |
| 01:00 Nov 22,2012 |
| He has replaced Sunil Mehta who will continue to be the Country Head of AIG in India. |
|
| Industry folio count falls as investors book profits in equity funds |
| 06:26 Nov 19,2012 |
| More than 25 lakh equity folios have dropped in the last six months when the Sensex gained more than 2000 points. |
|
| AMCs to contribute Rs 5 lakh each for setting up MF Utility |
| 10:52 Nov 15,2012 |
| AMFI is in the process of forming a company which would operate on a no-profit no-loss basis. |
|
| ‘Passive’ managers line up active funds |
| 05:21 Nov 14,2012 |
| While Goldman Sachs and IDBI have launched their actively managed products, Motilal Oswal too has filed its first offer document for an actively managed equity fund. |
|
| Birla, ICICI Pru and Reliance join the race to launch Infrastructure Debt Funds (IDFs) |
| 03:52 Nov 14,2012 |
| Fund houses rush to launch Infrastructure Debt Funds. |
|
| Some MF distributors start diverting applications to earn higher commissions |
| 02:40 Nov 08,2012 |
| Post March 2013, the source of application will be identified based on investors PAN and area pin code |
|
| Daiwa Mutual Fund looking for buyers |
| 03:54 Nov 07,2012 |
| The fund house will be transferring scheme but is not looking at completely exiting from the Indian market. |
|
| SEBI's International Advisory Board suggests uniform tax treatment for pension funds |
| 01:41 Nov 06,2012 |
| SEBI and AMCs should have an active partnering role to play in the development and penetration of pension industry in India, suggests International Advisory Board (IAB) |
|
| HSBC Bank denies temporary suspension of mutual fund and insurance distribution |
| 10:57 Nov 05,2012 |
| The bank is supposed to set up a new sales model by January 2013. |
|
| Morningstar Investment Conference 2012 – Day 1 |
| 05:51 Nov 02,2012 |
| Morningstar India held its annual annual Investment Conference in Mumbai which saw a gathering of financial advisors, wealth managers, bankers and investment experts. |
|
| Advisors can opt in for transaction charges at product level till November 17th |
| 07:48 Oct 31,2012 |
| Advisors can now choose to opt in for transaction charges across 11 scheme categories. |
|
| Motilal Oswal AMC’s sales head D Ramanathan quits |
| 06:01 Oct 30,2012 |
| D Ramanathan had joined Motilal Oswal Mutual Fund in May 2011. |
|
| IFA Galaxy to request SEBI to reconsider direct investment |
| 01:39 Oct 23,2012 |
| It will soon write to SEBI appealing it to re-look at the introduction of direct option with a lower TER. |
|
| IFAs soak in knowledge at the IFA Galaxy Summit |
| 01:07 Oct 20,2012 |
| The summit also discussed few major issues facing the IFA fraternity. |
|
| AMCs gearing up to make effective use of two basis points to attract investors |
| 11:29 Oct 19,2012 |
| At the current AUM, the industry is likely to spend Rs 149 crore annually in educating investors about mutual funds. |
|
| AMCs develop strategies to strengthen reach beyond 15 cities |
| 06:14 Oct 17,2012 |
| SEBI has recently incentivized AMCs to make mutual funds more popular in locations beyond the top 15 cities. |
|
| Birla Sunlife Mutual fund changes its exit load in Birla Sunlife Income Plus |
| 06:18 Oct 17,2012 |
| - |
|
| DSP BlackRock partners with Syndicate Bank |
| 06:12 Oct 17,2012 |
| - |
|
| ICICI Prudential Mutual Fund announces dividend for its banking and PSU debt fund |
| 06:17 Oct 17,2012 |
| - |
|
| Advisors asking clients to stay invested in Fidelity schemes |
| 10:01 Oct 16,2012 |
| Window to exit for Fidelity investors ends on 15th November |
|
| IFAs, bankers and MF honchos learn and bond at Cafemutual Confluence 2012 |
| 06:37 Oct 16,2012 |
| More than 450 delegates from across the country participated in the event. |
|
| Mutual funds hike expense ratios to 2.70 percent in equity funds |
| 02:01 Oct 11,2012 |
| AMCs have begun charging service tax on investment management fee from 1st October 2012. |
|
| Distributor commission restructured by top AMCs |
| 10:19 Oct 10,2012 |
| AMCs take new initiatives to expand their reach beyond top 15 cities. |
|
| ICICI Pru and Axis hike exit loads in equity funds to 3 percent to dissuade redemptions |
| 06:34 Oct 09,2012 |
| Axis and ICICI Prudential have hiked exit loads from 1 % to 3 %from 1st October. |
|
| 38 IFAs face temporary suspension of commissions |
| 01:54 Oct 09,2012 |
| SEBI had asked AMCs to conduct due-diligence for IFAs with excessive portfolio turnover. |
|
| SEBI relaxes exposure limit for housing finance companies for debt funds |
| 01:53 Oct 09,2012 |
| Exposure to housing finance companies cannot exceed 10% of the net assets of the scheme. |
|
| SEBI extends deadline to 1st November for assigning unique identity number |
| 11:44 Oct 05,2012 |
| A large number of employees and relationship managers of banks advising MFs to clients will now get a unique identity number. |
|
| 34 AMCs record positive asset growth during July-Sep |
| 10:10 Oct 04,2012 |
| UTI, Birla Sunlife, Kotak, Reliance and HDFC add highest assets during July-Sept quarter, shows the latest AMFI data. |
|
| Reliance AMC elevates Amit Tripathi as head of fixed income |
| 10:31 Oct 04,2012 |
| Amitabh Mohanty, who heads the fixed income team currently at Reliance CapitalAsset Management (RCAM), will assume a bigger responsibility at Reliance Capital as its Head of Debt Strategies |
|
| SEBI gives MFs time till October 31st for discontinuing SIPs, STPs under single plan structure |
| 09:59 Oct 03,2012 |
| AMCs get time till October 31st to inform all their investors who will get affected due to SEBI regulation on implementing single plan structure. |
|
| ICICI Prudential partners with Syndicate Bank |
| 06:45 Oct 01,2012 |
| - |
|
| AMFI forms a sub-committee to look at direct plans |
| 01:22 Oct 01,2012 |
| The body will form a sub- committee for reviewing the process. |
|
| Distributors keen to empanel with Quantum |
| 01:21 Oct 01,2012 |
| Quantum is getting four to five requests from distributors wanting to empanel with it every month. |
|
| Distributors keen to empanel with Quantum |
| 02:31 Sep 29,2012 |
| Quantum is getting four to five requests from distributors wanting to empanel with it every month. |
|
| Foreign AMCs find desi asset management industry attractive |
| 06:00 Sep 28,2012 |
| In the last three years, seven foreign fund houses have entered the Indian mutual fund industry |
|
| Invesco picks up 49 percent stake in Religare Asset Management |
| 08:23 Sep 27,2012 |
| Religare plans to launch overseas feeder funds and explore opportunities to attract QFI investments with the help of its foreign partner. |
|
| Delhi University to hold its XXV Annual Convention 2012 on September 29 |
| 06:36 Sep 26,2012 |
| Experts will deliberate on the challenges in Indian financial markets. |
|
| Reliance AMC partners with Ratnakar Bank |
| 05:04 Sep 24,2012 |
| - |
|
| HDFC, Fidelity and Escorts bag Lipper Award 2012 |
| 07:00 Sep 24,2012 |
| ICICI Prudential AMC won seven awards, followed by HDFC AMC which bagged six awards. |
|
| SEBI gives green signal to L&T-Fidelity deal |
| 02:37 Sep 23,2012 |
| SEBI is expected to give product restructuring approval shortly after which investors will be given a no load exit window. |
|
| Mutual funds and ETFs part of RGESS |
| 07:50 Sep 21,2012 |
| This move will help AMCs to expand retail penetration |
|
| It is business as usual for AMCs today |
| 01:23 Sep 20,2012 |
| Despite Bharat Bandh, AMCs offices function smoothly across the country |
|
| AMCs partner with PSU or Co-operative banks to reach smaller towns |
| 09:25 Sep 18,2012 |
| PSU banks with their deep reach across the country help AMCs access relatively untapped markets that are seen as holding huge potential for the MF industry |
|
| Peerless AMC partners with Allahabad Bank |
| 12:29 Sep 17,2012 |
| - |
|
| AMCs will have to go that extra mile to benefit from additional TER |
| 12:38 Sep 17,2012 |
| AMCs will have to put in more concentrated efforts to earn the additional TER |
|
| SEBI asks AMCs to launch direct plans from January 2013 |
| 02:15 Sep 14,2012 |
| The regulator has asked AMCs to launch direct plans for existing and new schemes. |
|
| AMCs paid Rs 66 lakh in penalties to investors in FY12 |
| 09:50 Sep 14,2012 |
| AMCs paid Rs 66 lakh as penalty interest to investors for delay in dividend and redemption dispatches compared to Rs 33 lakh in FY11. |
|
| ICICI Prudential Mutual Fund launches Financial Premier League game |
| 09:46 Sep 14,2012 |
| The AMC aims to spread financial literacy through an indoor cricket game among school students and parents. |
|
| Reliance AMC ties up with Indian Overseas Bank |
| 09:45 Sep 14,2012 |
| - |
|
| SBI AMC ties up with Ratnakar Bank to distribute its funds |
| 06:21 Sep 12,2012 |
| - |
|
| Peerless Short Term Fund declares dividend |
| 02:59 Sep 11,2012 |
| - |
|
| Six out of the top ten AMCs register a growth in profits in FY12 |
| 09:40 Sep 11,2012 |
| The top nine fund houses recorded a combined net profit of Rs 979 crore as against Rs 931 crore the previous year. |
|
| Retail investors share in the MF pie grows |
| 03:31 Sep 10,2012 |
| SEBI data shows that net assets of retail investors went up to 48% in FY12 compared to 23% in the previous year. |
|
| Syndicate bank to sell HDFC MF schemes |
| 11:21 Sep 05,2012 |
| - |
|
| MFs see an opportunity in tapping Sahara refund money but challenges abound |
| 09:14 Sep 05,2012 |
| Ravi Samalad speaks to fund house officials and distributors and finds that they are working on a strategy. |
|
| Cafemutual Confluence 2012 has growth on its agenda |
| 01:51 Sep 04,2012 |
| AMCs and distributors – banks, NDs and IFAs, to deliberate on issues relating to the growth of the mutual fund business. |
|
| AMCs ask investors to update KYC details by 30th November |
| 07:56 Sep 03,2012 |
| Existing KYC compliant MF investors who wish to invest in schemes of an AMC where they have not invested so far will have to provide additional details including in-person verification (IPV) by 30th November. |
|
| IFA Associations take up concerns on direct plan with SEBI, AMCs |
| 07:51 Sep 02,2012 |
| IFAs concerned about the possible impact of the proposed measure on their business. |
|
| SEBI asks for more transparency on distributor inflows |
| 12:55 Sep 01,2012 |
| Fund houses will have to disclose gross inflow from each distributor |
|
| Reliance MF launches SIP investment through SMS |
| 10:39 Aug 30,2012 |
| Investors can start their investment from Rs 100 |
|
| AMCs make a beeline for Interval Debt Funds |
| 10:08 Aug 29,2012 |
| The product combines the advantages of an FMP with a window for subscription and redemption. |
|
| Allotting NAVs based on fund realisation to benefit existing investors |
| 10:07 Aug 29,2012 |
| SEBI’s move to allot NAVs after realisation of funds will deter large investors from splitting applications to get same day’s NAV. |
|
| Industry welcomes SEBI move to treat mis-selling as ‘fraud’; may prove tough to enforce |
| 09:34 Aug 28,2012 |
| It won’t be easy to prove a case of mis-selling unless transactions are recorded on paper. |
|
| Now get previous day NAV for liquid funds on BSE StAR MF |
| 06:02 Aug 24,2012 |
| Investors can now get previous day’s NAV in liquid schemes if they deposit money in the brokers pool account by 1 pm. |
|
| MFs welcome move to allow cash transactions |
| 09:38 Aug 24,2012 |
| R&Ts and AMCs are looking to tighten their processes and control systems to eliminate frauds while dealing with cash |
|
| Active and passive funds can co-exist: Gopinath Natarajan, CEO, IIFL AMC |
| 06:52 Aug 23,2012 |
| Gopinath Natarajan says that while fund expenses influence investor choice, he believes that both active and passive funds should be a part of an investor portfolio. |
|
| AMCs may not encourage direct investments; say it’s a costly affair |
| 10:06 Aug 22,2012 |
| While distributors are worried over the consequences of a direct plan, AMCs say they do not foresee investors rushing towards direct plans. |
|
| Zyada khushi, thoda gum, say IFAs about the new SEBI measures |
| 11:26 Aug 20,2012 |
| While the detailed regulations are still awaited, Cafemutual spoke to a cross section of IFAs. Here is a summary of the positives and negatives as perceived by them |
|
| Distributors in non-tier I cities await clarity |
| 01:16 Aug 19,2012 |
| IFAs have mixed feelings on the new SEBI measures |
|
| Leo Puri to head UTI AMC |
| 12:57 Aug 19,2012 |
| UTI board has discussed the appointment of Leo Puri as the AMC’s chairman yesterday, say sources |
|
| MF commission structure for distributors may undergo a change after the new SEBI measures |
| 06:37 Aug 17,2012 |
| Some AMCs might reduce upfront commission and increase trail while others say they will claw back if investments are redeemed before one year. |
|
| SEBI aims to boost MF penetration, announces many measures |
| 08:48 Aug 16,2012 |
| The regulator has introduced a host of measures for distributors, investors and AMCs that are expected to ‘re-energise’ the industry |
|
| Mis-selling to be a 'fraudulent and unfair trade practice' in SEBI Regulations |
| 08:35 Aug 16,2012 |
| SEBI announces a host of changes for distributors. |
|
| MF industry records 86 percent jump in debt folios since 2008 |
| 01:43 Aug 16,2012 |
| Retail investors share in debt assets has been rising steadily over the last three years. |
|
| SEBI announces a package for the MF industry |
| 05:08 Aug 16,2012 |
| - |
|
| SEBI asks AMFI to draft pension product guidelines |
| 10:48 Aug 13,2012 |
| Industry keen to tap the retirement market but currently mutual funds products do not get tax benefits |
|
| SEBI allows Aadhaar as an address proof for KYC |
| 07:09 Aug 13,2012 |
| The Aadhaar letter issued by Unique Identification Authority of India (UIDAI) could be used for KYC instead of a passport; will serve as a proof of both address and photo identity.
|
|
| SEBI approves AMFI’s mutual fund trading platform |
| 10:35 Aug 09,2012 |
| - |
|
| SEBI exempts PAN for MF investments up to 50,000; experts say this will boost industry |
| 12:50 Aug 09,2012 |
| Investors can now invest up to Rs 50,000 annually in a single mutual fund per year without a permanent account number (PAN). |
|
| Risk management is taken more seriously now: Pankaj Sharma |
| 12:48 Aug 08,2012 |
| In this second and concluding part of the interview, Pankaj Sharma, EVP – Head of Business Development and Risk Management at DSP BlackRock Investment Managers shares his thoughts on risks involved in various fund categories. |
|
| FM to announce measures to attract investors towards mutual funds soon |
| 05:32 Aug 07,2012 |
| In the next few weeks, we will announce a number of decisions to attract more people to invest in mutual funds, insurance policies and other well-designed instruments, says P Chidambaram |
|
| SEBI MF Advisory Committee wants lower expense for direct investors |
| 10:03 Aug 02,2012 |
| The SEBI Mutual Fund Advisory committee is also believed to have suggested to SEBI that AMCs should charge a uniform expense for retail and institutional clients. |
|
| Harsha Upadhyaya quits DSP BlackRock AMC |
| 06:44 Jul 31,2012 |
| He is expected to join Kotak Mutual Fund. |
|
| RBI keeps policy rate unchanged, what should you tell your clients? |
| 06:45 Jul 31,2012 |
| Experts say that bond yields could head higher and recommend investors to look at short-term funds with higher credit quality. |
|
| It is a win-win when IFAs use platforms: Rajesh Krishnamoorthy |
| 03:04 Jul 30,2012 |
| In a two-part interview with Cafemutual, Rajesh Krishnamoorthy, Managing Director, iFAST Financial removes some of the misconceptions associated with platforms and asserts that platforms add tremendous value to IFAs. |
|
| Peerless Income Plus Fund declares dividend |
| 12:18 Jul 25,2012 |
| - |
|
| Financial advisors have mixed opinion on multiple asset funds |
| 10:41 Jul 25,2012 |
| Multiple asset funds is the new flavour among AMCs |
|
| MFs may get to charge higher expenses for getting investors beyond top 15 cities |
| 10:55 Jul 21,2012 |
| The higher expense could be used to incentivise distributors who get applications beyond the top 15 cities. |
|
| SEBI relaxes KYD norms for overseas mutual fund distributors |
| 10:41 Jul 20,2012 |
| Overseas mutual fund distributors are now not required to obtain NISM certification and are also not required to comply with KYD process. |
|
| MF industry feels relaxed QFI norms for debt funds will have little impact |
| 10:41 Jul 20,2012 |
| QFIs can invest $1 billion without any lock-in period. |
|
| Rush of Infrastructure Debt Funds by MFs |
| 06:21 Jul 16,2012 |
| After SBI, Reliance MF files offer document to launch its Reliance Infrastructure Debt Fund. |
|
| Jaideep Bhattacharya tipped to be the CEO at Baroda Pioneer AMC |
| 11:47 Jul 16,2012 |
| Jaideep is likely to join the AMC next week |
|
| Nitin Rakesh, MD and CEO of Motilal Oswal resigns |
| 10:04 Jul 16,2012 |
| He is supposed to take up a global offer. |
|
| AMCs paid Rs 169 crore commission to their affiliates |
| 10:59 Jul 14,2012 |
| Affiliates continue to be top distributors for many AMCs |
|
| MF CEOs discuss measures for the mutual fund sector in a meeting with Economic Advisory Council |
| 06:31 Jul 11,2012 |
| AMCs may get higher expense ratio; distributor incentives also discussed |
|
| MF industry stakeholders to meet finance ministry today |
| 05:11 Jul 11,2012 |
| 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. |
|
| Top 20 distributors get 63% of total commission payments |
| 10:28 Jul 10,2012 |
| HSBC is the biggest among banks; NJ biggest among national distributors |
|
| UTI MF partners with Ministry of Overseas Indian Affairs for a new scheme |
| 10:02 Jul 10,2012 |
| Government’s new scheme called Mahatma Gandhi Pravasi Suraksha Yojana ‘return and resettlement’(R&R) will invest in UTI MF’s UTI Monthly Income Scheme. |
|
| Udayan Basu joins Indiabulls AMC as Director - Sales & Marketing |
| 10:03 Jul 10,2012 |
| Udayan was heading sales and distribution at Daiwa Mutual Fund |
|
| Service tax on brokerage to be charged for business done in June, says most fund houses |
| 04:03 Jul 09,2012 |
| Final clarity, however, yet to emerge; could take a few more days |
|
| Commissions to distributors remain same for most top AMCs in FY 2012 |
| 12:06 Jul 07,2012 |
| HDFC Mutual Fund paid the largest commission at Rs. 304 crore followed by Reliance which paid Rs. 270 crore. |
|
| ICICI Prudential ties up with Europe based Nordea Investment Management AB |
| 10:07 Jul 06,2012 |
| The partnership will seek to capitalize on each other’s respective strengths in distribution and investment expertise in the Indian and international markets. |
|
| Mutual fund industry unclear about the implementation of service tax on exit load |
| 05:53 Jul 06,2012 |
| SEBI and industry officials are still in discussion on the implementation. |
|
| Immediate measures to be taken by the ministry for boosting the MF industry |
| 02:09 Jul 04,2012 |
| Boosting financial advisors and providing greater flexibility to manage the total expense ratio (TER) for AMCs are on priority list of the ministry. |
|
| Industry AUM up 4% in last quarter, most AMCs register growth |
| 02:10 Jul 04,2012 |
| 29 AMCs registered a growth in their assets, industry AUM goes up to Rs 6.92 lakh crore in June. |
|
| Finance Ministry keen on taking immediate steps for revival of MF industry |
| 05:46 Jul 02,2012 |
| In a meeting chaired by Economic Affairs Secretary R Gopalan today, various stakeholders – AMC CEOs, SEBI officials, AMFI CEO and FIFA representative gave their recommendations to revive the fortunes of the mutual fund industry. |
|
| Navin Suri quits ING Investment Management |
| 10:45 Jun 27,2012 |
| Navin to pursue career outside India; Nityanand Prabhu will be acting CEO |
|
| Holding part of portfolio in dollar assets is a must: Aashish Somaiyaa, ICICI MF |
| 07:58 Jun 27,2012 |
| Aashish Somaiyaa, Sr. Vice President & Head - Retail Business, ICICI Prudential AMC shares his perspective on the AMC’s latest offering—ICICI Prudential Bluechip Equity Fund. |
|
| Will AMCs be able to attract investors through infrastructure debt funds? |
| 04:19 Jun 26,2012 |
| Fund houses have filed offer documents with SEBI for launching infrastructure debt funds, but experts feel their success will depend on liquidity. |
|
| SEBI likely to give approval for MF Utility soon |
| 10:13 Jun 25,2012 |
| Market regulator SEBI is likely to give its okay for MF Utility in the next three days, say sources close to the development. |
|
| TP Raman retires from Sundaram Mutual Fund |
| 12:22 Jun 22,2012 |
| Harsha Viji, current Deputy MD, to take over. |
|
| SEBI chief promises support to the industry |
| 01:51 Jun 21,2012 |
| Regulator begins consultations with distributors, AMCs and investor assocations. |
|
| SEBI to act tough against poor fund performance |
| 01:42 Jun 21,2012 |
| The regulator will review the performance of a few schemes with fund managers, CEOs |
|
| SEBI to bring in distributor regulation soon; will support SRO formation |
| 01:40 Jun 21,2012 |
| Speaking at the CII Mutual Fund Summit 2012, UK Sinha said that the market regulator is in touch with various regulators for formulating fresh guidelines; SEBI is also ready to provide capital for an SRO |
|
| ICICI Prudential MF launches US Bluechip Equity Fund, the first local actively managed fund investing in US equity |
| 10:49 Jun 20,2012 |
| The fund seeks to offer geographic diversification to domestic investors by investing in US which has a low correlation with the Indian market. |
|
| Dormant status on account statements sows confusion among investors |
| 01:05 Jun 12,2012 |
| AMCs are looking at calling dormant accounts by another name. |
|
| Quantum Mutual Fund enhances accessibility for investors |
| 04:32 Jun 11,2012 |
| Quantum Mutual Fund adds 280 more drop-boxes |
|
| Quantum Mutual Fund enhances accessibility for investors |
| 05:00 Jun 11,2012 |
| Quantum Mutual Fund adds 280 more drop-boxes |
|
| IIFL launches IIFL Dividend Opportunities Fund |
| 09:40 Jun 06,2012 |
| The NFO opens on June 06 and closes on June 19, 2012 |
|
| Kalpen Parekh takes over as CEO of IDFC Mutual Fund |
| 06:31 Jun 06,2012 |
| Naval Bir Kumar, the earlier President and CEO of IDFC MF, has assumed a bigger role in the IDFC group. |
|
| Hunt for UTI AMC head begins again |
| 06:15 Jun 05,2012 |
| Fund house has not had a Chairman/CEO for 16 months; wants a seasoned financial services professional with two decades of experience. |
|
| MFs prompt in redressing investor complaints |
| 12:53 Jun 01,2012 |
| Non-updation of address, bank details, PAN, and discrepancies in account statements are the most common complaints received by AMCs. Most complaints were resolved within 30 days. |
|
| UTI Mutual Fund investor base crosses 1 crore again |
| 07:02 Jun 01,2012 |
| The AMC added 2.24 lakh folios last year which took its total investor base to 1.01 crore as on March 2012. The last time it had crossed the 1 crore folio mark was in January 2010. |
|
| Time to rebalance asset allocation in favour of equity – S Naren, ICICI MF |
| 04:31 Jun 01,2012 |
| S. Naren, CIO – Equity, ICICI Prudential AMC says historically whenever money is invested with interest rates at highs and markets at attractive valuations, returns in the near future have beaten expectations of gloom that were prevailing then. His perspective on the current market situation makes interesting reading... |
|
| Despite bandh, it was business as usual for many IFAs |
| 05:32 May 31,2012 |
| Even as the bandh evoked a mixed response across India, the Cafemutual team found that many IFAs functioned normally. |
|
| AMCs make special arrangement to ensure smooth functioning on bandh day |
| 04:22 May 31,2012 |
| To ensure that their distributors and investors are serviced properly, AMCs made special arrangement for critical teams to be present in the office while many were allowed to work from home. |
|
| Axis Mutual Fund launches Axis Banking Debt Fund |
| 07:30 May 30,2012 |
| The fund will invest primarily in top bank CDs. |
|
| HDFC & Axis see highest folio growth in FY12 |
| 07:10 May 30,2012 |
| HDFC adds more than 4.8 lakh folios while Axis adds close to 1 lakh folio in FY12 at a time when the industry saw a dip in their investor base. |
|
| AMCs to switch out money only after realisation of funds |
| 06:03 May 28,2012 |
| AMFI has asked AMCs to process switches the same way they process redemptions from June 1, 2012. |
|
| SEBI closes consent order option for NAV manipulation and front-running violations |
| 06:20 May 27,2012 |
| Industry officials say that norms for valuing securities while calculating NAV have been standardised and there is little scope for manipulation now. |
|
| Peerless MF joins hands with IFAs to promote its Child Plan |
| 12:08 May 19,2012 |
| AMC ropes in its advisors to conduct drawing competitions for children to popularise its product. |
|
| 50% increase in distributors opting in for transaction charges |
| 04:30 May 16,2012 |
| The number of distributors opting in for transaction charges has gone up to 9000, which was around 6000 earlier. |
|
| Does your client have a ‘dormant’ MF account? Don’t panic |
| 11:09 May 15,2012 |
| So far, AMCs have classified investors as ‘dormant’ in common account statements if they had not transacted for a period of six months. Now AMCs are planning to classify such accounts as ‘inactive’ and do away with the term ‘dormant’ so that investors don’t worry. |
|
| DSP BlackRock pays over Rs 100 crore in commissions to distributors in FY12 |
| 11:14 May 14,2012 |
| Total commission paid by AMC dropped marginally in FY 2011-12 compared to the previous fiscal. The AMC reported less decline in equity assets compared to most of its peers. |
|
| ICICI Prudential MF offers free cover to make SIP more attractive |
| 11:08 May 12,2012 |
| In order to create more stickiness in SIP accounts, the AMC has introduced a new feature which comes bundled with insurance cover. |
|
| SEBI meets AMC heads; gives patient hearing but no hints of changes to come |
| 10:28 May 11,2012 |
| AMC CEOs cautious on the outcome of the meetings as SEBI has given them no hint of its thinking on the shape or direction of future changes. |
|
| Fund houses diversify offerings, line up asset allocation funds |
| 03:17 May 11,2012 |
| Many AMCs are planning to launch funds which invest in a combination of two or three asset classes like debt, equity and gold ETFs, to tide over the uncertain market. |
|
| Many big fund houses concur with smaller peers, want upfront commissions to stay |
| 05:19 May 10,2012 |
| AMFI shelves proposal, will look at other options to curb churning. |
|
| SEBI Chief UK Sinha douses expectations of entry load revival |
| 05:59 May 08,2012 |
| SEBI Chief reportedly cites positive inflows in 2011-12 while acknowledging the fall in folios. |
|
| Client education is the key to success, says Sajal Roy |
| 11:36 May 08,2012 |
| Sajal Roy from Anjali Investment ensures that his clients are in touch with the latest developments in the financial world. |
|
| Jaideep Bhattacharya quits UTI AMC |
| 10:20 May 05,2012 |
| Jaideep is leaving to chase other pursuits says a press release from UTI |
|
| SEBI not keen on re-introducing entry load in the old format |
| 09:46 May 05,2012 |
| The industry had discussed various types of loads with SEBI during the meeting on 3rd May. |
|
| MFs tighten redemption process to eliminate frauds |
| 06:02 May 02,2012 |
| In order to prevent fraudulent redemptions, AMFI has asked AMCs to stop accepting redemption requests along with change of bank mandate at the same time. |
|
| SEBI asks AMCs for status on de-duplication of folios |
| 06:29 Apr 30,2012 |
| The regulator had asked AMCs to de-duplicate folios in its 22 August, 2011 circular. |
|
| Axis AMC-Schroders deal may be announced soon |
| 04:27 Apr 27,2012 |
| Due to tepid markets, valuations have become attractive for foreign investors looking to gain a foothold in the Indian MF industry. |
|
| Gold ETFs sparkle during Akshaya Tritiya |
| 07:06 Apr 25,2012 |
| Average ticket size drops, but sales of paper gold remain healthy compared to physical sales of the yellow metal. |
|
| IDBI unveils its first actively managed equity fund |
| 06:01 Apr 24,2012 |
| AMC plans to expand fund management team to introduce more actively-managed products. |
|
| Akshaya Tritiya: Trading hours extended for gold ETFs; charges waived |
| 11:18 Apr 24,2012 |
| The NSE and BSE have extended the trading session and waived all transaction charges for paper gold on this auspicious occasion. |
|
| MF distributors find In-Person Verification (IPV) requirement bothersome |
| 07:55 Apr 16,2012 |
| Mutual fund distributors plan to approach SEBI for clarifying KYC rule which requires in-person verification (IPV). |
|
| These seven AMCs scored big in FY12 |
| 02:24 Apr 15,2012 |
| Surprisingly, five out of the seven AMCs which recorded the largest positive AUM growth were mid-sized fund houses. |
|
| AMCs plan life-cycle products that seek to help investors achieve specific goals |
| 07:48 Apr 12,2012 |
| Axis has already filed its offer document; DSP BlackRock, HDFC and SBI to launch funds over the next two months |
|
| IDFC, Deutsche and HDFC buck the trend in FY12, record highest gain in AUM |
| 07:36 Apr 12,2012 |
| 19 AMCs add Rs. 23,480 crore in assets, despite a falling market and increased redemptions |
|
| We need IFAs to grow our business: Rajiv Anand, Axis Mutual Fund |
| 10:29 Apr 11,2012 |
| Axis MF is looking at doubling its asset base by tapping the retail segment. Rajiv Anand, MD & CEO of Axis Mutual Fund shares his plans to help the fund house reach break-even this fiscal. A few excerpts… |
|
| Baroda Pioneer, Mirae CEOs resign |
| 06:31 Apr 11,2012 |
| Rajan Krishnan exited Baroda Pioneer Mutual Fund last week; Arindam Ghosh of Mirae is the latest to quit |
|
| We need IFAs to grow our business: Rajiv Anand, Axis Mutual Fund |
| 06:28 Apr 10,2012 |
| Axis MF is looking at doubling its asset base by tapping the retail segment. Rajiv Anand, MD & CEO of Axis Mutual Fund shares his plans to help the fund house reach break-even this fiscal. A few excerpts… |
|
| Zero transaction cost for distributors and investors for using MF Utility? |
| 10:53 Apr 05,2012 |
| The AMFI MF Utility committee has recently put a proposal to make the platform free for distributors and investors. |
|
| Piyush Surana to quit Daiwa AMC: Reports |
| 10:31 Apr 05,2012 |
| The CEO of Daiwa AMC, Piyush Surana is reportedly serving out his notice period. |
|
| HDFC retains its top position, industry AUM is 6.64 lakh crore |
| 04:45 Apr 03,2012 |
| 29 AMCs lose Rs. 23,335 crore in Jan-March quarter while 15 AMCs add Rs. 6451crore to their kitty. |
|
| IFAs find the new capital protection products innovative |
| 11:42 Mar 30,2012 |
| Investors are also keen to invest in such capital protection funds where some portion in invested in the equity market ‘options premium’. |
|
| Banning upfront is an excellent idea provided it’s implemented consistently by all AMCs: Puneet Chaddha |
| 11:29 Mar 30,2012 |
| Freedom to price is good but freedom to price arbitrarily leads to monopoly, says Puneet Chaddha, CEO, HSBC Mutual Fund. He tells Ravi Samalad that the current framework of free pricing is hurting the industry more than it is helping it. |
|
| Pranabda: New distribution channels required for MF penetration |
| 11:34 Mar 27,2012 |
| Finance Minister Pranab Mukherjee made a case to open new channels of distribution for greater penetration of mutual funds while addressing top SEBI officials. |
|
| L&T Finance acquires Fidelity MF |
| 07:47 Mar 27,2012 |
| L&T MF aims to be among the top 5 AMCs after the acquisition. |
|
| Final list of big distributors ‘qualifying’ for due diligence is out |
| 06:02 Mar 27,2012 |
| AMFI has published a fresh list of distributors who will have to comply with due diligence. The list of distributors has come down to 403 from the earlier 529. |
|
| AMCs ponder on passing service tax hike to investors |
| 04:11 Mar 23,2012 |
| Fund houses are likely to be hit with the recent hike in service tax from 10% to 12% on fund management services. |
|
| Service tax exemption is still a while away for MF distributors |
| 11:04 Mar 21,2012 |
| AMCs will charge a service tax of 12.36% on distributor commissions till the Finance Bill is passed by the parliament. |
|
| AMCs evaluating 3 options on distributor commissions |
| 07:36 Mar 21,2012 |
| Fund houses consider different options as they seek to build consensus over the sensitive issue of distributor commission. |
|
| Distributors welcome exemption from service tax |
| 10:13 Mar 20,2012 |
| In the current budget the FM has proposed it as an amendment under service tax. |
|
| AMCs seek clarity from SEBI on debt valuation norms |
| 11:55 Mar 18,2012 |
| In the interim, each AMC will follow a fair valuation policy approved by its board. |
|
| RBI keeps policy rates unchanged; experts favor short term funds |
| 06:49 Mar 15,2012 |
| Fund managers say that short term funds like liquid, ultra short term and short term income category are likely to find traction. |
|
| 8 audit firms shortlisted for distributors’ due diligence |
| 06:23 Mar 15,2012 |
| The number of distributors who will fall under the ambit of due diligence has come down to 402 from 529. |
|
| UTI Mutual Fund manages to get a High Court stay order |
| 07:26 Mar 14,2012 |
| The Bombay High Court has issued a stay order on the issue today, say industry sources. |
|
| Axis AMC to get a foreign partner |
| 04:20 Mar 14,2012 |
| The U.K. based fund house Schroders is looking to buy 30 percent stake. |
|
| Budget expectations from MF officials |
| 03:28 Mar 14,2012 |
| Arindam Ghosh, CEO, Mirae Asset Global Investments says that the budget should grant equity status to international funds with over 65% exposure outside India. This according to him will be a definitive step to persuade Indian investors to take exposure to other financial markets through the mutual fund route. |
|
| AMCs divided over banning of upfront commission |
| 11:52 Mar 12,2012 |
| AMCs explore an alternate method to compensate distributor in order to reduce churning of assets. |
|
| Kailash Kulkarni joins L&T MF as CEO |
| 06:53 Mar 01,2012 |
| Industry insiders say that Kailash has the ability to take L&T MF to the next level. |
|
| SIP inflows drop in the last two months |
| 05:54 Mar 01,2012 |
| Industry experts cite volatile markets and tax-free products as the key reasons for the drop. |
|
| SEBI relaxes portfolio replication in PMS-offshore funds managed by AMCs to 70 percent |
| 10:45 Feb 29,2012 |
| The move is likely to benefit fund houses managing PMS or advisory funds. |
|
| Distributor due diligence responsibility rests with AMCs, says SEBI |
| 10:23 Feb 29,2012 |
| It has asked AMCs not to delegate this responsibility to any agency. |
|
| 41 AMCs agree for common distributor due diligence |
| 07:31 Feb 27,2012 |
| The due diligence will cover areas such as distributors servicing standards, grievance redressal mechanism, experience, staff training and certification among other things. |
|
| SEBI revises guidelines on debt valuation policy and advertising code |
| 07:00 Feb 23,2012 |
| Industry experts say that the new guidelines on valuations are aimed at protecting small investors and the rules will make debt markets more efficient. |
|
| Pramerica MF to strengthen distribution network by taking a stake in Prudent Corporate Advisory |
| 04:57 Feb 21,2012 |
| The fund house is close to buying 39 percent stake in Prudent Corporate Advisory Service, says Economic Times. |
|
| Motilal Oswal MF to launch MOSt Shares Gold ETF |
| 06:43 Feb 21,2012 |
| Investors can redeem ETF units for physical gold bars from the AMC. |
|
| AMFI clarifies norms to match PAN and investor names to smoothen consolidation of folios |
| 11:54 Feb 20,2012 |
| AMFI has asked R&Ts and AMCs to consolidate folios based on matching PAN with investor names to smoothen consolidated account statement (CAS) issuance process by February 29, 2012. |
|
| Goldman Sachs to launch its first India Equity Fund |
| 02:37 Feb 15,2012 |
| The fund house has filed an offer document with SEBI to launch its first actively managed equity fund in India after acquiring Benchmark AMC. |
|
| New FMPs to disclose sector exclusion list |
| 07:27 Feb 13,2012 |
| AMCs must declare the sectors they will avoid investing in for new FMPs. |
|
| SEBI relaxes MF advertising code, raises PMS limit to 25 lakh |
| 11:39 Jan 30,2012 |
| The regulator has announced a few changes that impact the mutual fund, insurance and PMS industry. |
|
| IDBI AMC unveils an all-season IDBI Dynamic Bond Fund |
| 06:06 Jan 30,2012 |
| The fund is meant to be an all-season fund, seeking to optimize returns from interest rate movements. |
|
| AMFI to appoint clearing bank and back office agency for MF Utility |
| 11:51 Jan 26,2012 |
| AMFI will appoint a clearing bank and a back office unit for running the day to day operations of MF Utility, according to sources familiar with the development. |
|
| What successful IFAs are doing with their money – Part III |
| 11:37 Jan 25,2012 |
| The third in the series of articles, where Cafemutual speaks to successful IFAs to find out how they are managing their personal finances in these volatile times. |
|
| NFO: Indiabulls Bluechip Fund opens today |
| 02:35 Jan 20,2012 |
| New fund offer (NFO) will close on 3 February 2012. |
|
| New KYC rule onerous and cumbersome, complain distributors |
| 01:57 Jan 19,2012 |
| Distributors concerned about potential liabilities arising out of conducting in-person verification (IPV) of new investors. |
|
| Franklin Templeton launches India feeder fund for US Opportunities Fund |
| 12:07 Jan 17,2012 |
| The fund has collected Rs. 1 crore during the first day of subscription, claims the fund house. |
|
| Kolkata IFAs have fun in the inter-AMC cricket tournament |
| 11:21 Jan 17,2012 |
| ASK Circle Association organises an exciting, inter-AMC Cricket tournament in Kolkata. |
|
| Setting its own course – DSP BlackRock |
| 10:29 Jan 15,2012 |
| A steady performer with a clean image, the DSP BlackRock AMC has become a fund house to be reckoned with |
|
| Imtaiyazur Rahman appointed as the acting CEO of UTI Mutual Fund |
| 02:37 Jan 13,2012 |
| The mutual fund house would now look forward to launching new funds |
|
| AMFI likely to appoint 4 auditors for due diligence |
| 09:59 Jan 13,2012 |
| AMFI has reportedly finalized a common due diligence questionnaire for AMCs. |
|
| No. of distributors qualifying for due diligence comes down |
| 09:13 Jan 12,2012 |
| More than 300 distributors will heave a sigh of relief, as the list of distributors meeting the due diligence criteria has reportedly shrunk to 220-odd from 529 |
|
| AMFI shortlists 9 players to develop MF Utility |
| 09:46 Jan 10,2012 |
| Concerns remain on operational costs of running the day-to-day operations of this platform |
|
| UTI Mutual Fund plans to launch new schemes |
| 10:03 Jan 07,2012 |
| The fund house was barred from launching any new scheme after its former CMD U.K. Sinha joined SEBI as Chairman. |
|
| Franklin Templeton and DSP BlackRock buck the losing trend |
| 11:05 Jan 05,2012 |
| While the top 10 AMCs together lost Rs. 38,475 crore, Franklin Templeton and DSP BlackRock recorded an AUM growth of 4% and 2%, respectively, in the October-December quarter. |
|
| Canara Robeco merges Multicap Fund into Equity Diversified Fund |
| 07:42 Jan 03,2012 |
| - |
|
| Common KYC process kicks in from January 1, 2012 |
| 06:20 Jan 02,2012 |
| SEBI has made it mandatory for intermediaries to carry out in-person verification of all new investors. |
|
| Fund houses to offer SIP units in demat from January 2012 |
| 08:35 Jan 01,2012 |
| Fund houses have started informing investors about holding SIP units in demat by publishing addendums. |
|
| SEBI may relax advertisement rule for mutual funds |
| 11:25 Dec 30,2011 |
| The new advertisement guidelines have made mutual fund ads cluttered and consume more space which increases AMC costs. |
|
| We need to build the knowledge levels of the existing IFA: Sundeep Sikka |
| 09:05 Dec 29,2011 |
| Sundeep Sikka, CEO, Reliance Mutual Fund feels that the industry should focus on enhancing the capabilities of existing IFAs to bring in more investors into the fold. |
|
| MF officials sweating it out for Mumbai Marathon 2012 |
| 11:08 Dec 28,2011 |
| Fund officials – CEOs, Fund Managers, Sales Heads – are all prepping up for the marathon on January 15. |
|
| AMCs support SEBI’s move in fund consolidation |
| 10:37 Dec 27,2011 |
| The fund houses feel that fund consolidation is an investor-friendly move. |
|
| Overseas funds category outperforms equity diversified |
| 12:12 Dec 22,2011 |
| While the depreciating Indian Rupee has helped overseas fund of funds post decent returns at a time when the Sensex and the equity diversified category have lagged, Swapnil Suvarna advises you to recommend these funds only if they have fit in to the broad asset allocation for your clients. |
|
| ICICI AMC asks distributors to get active |
| 09:42 Dec 20,2011 |
| The fund house is planning to de-empanel some distributors if they fail to achieve their target sales by 31st December 2011 |
|
| Now investors can buy funds via SMS in IDFC’s Money Manager Fund |
| 06:19 Dec 14,2011 |
| Now investors can buy a mutual fund by just sending an SMS |
|
| AMCs seek clarity from SEBI for participating in repos of corporate debt securities |
| 06:27 Dec 12,2011 |
| Fund houses are seeking clarity on the accounting treatment from SEBI |
|
| AMFI’s MF Utility Platform likely to miss April deadline |
| 09:38 Dec 12,2011 |
| Though the process to select a vendor is under way, AMFI’s deadline to develop the software in three months is unlikely to be achieved, say sources |
|
| Natixis buys 25% stake in IDFC AMC |
| 12:41 Dec 10,2011 |
| IDFC Mutual Fund announced that French firm Natixis Global Asset Management Asia has acquired 25% stake in IDFC AMC and IDFC AMC Trustee Company |
|
| BNP Paribas plans to launch BNP Paribas Russia Fund |
| 03:23 Dec 09,2011 |
| BNP Paribas AMC has filed an offer document with SEBI to launch its open ended overseas fund of fund |
|
| Capital protection funds are the flavor of the season |
| 05:38 Dec 09,2011 |
| In the current market conditions, IFAs feel it as a good investment product |
|
| AMCs to focus on longer tenure FMPs once rate cuts begin |
| 09:36 Dec 08,2011 |
| Fund houses are looking for cues from RBI on interest rate cuts |
|
| SIPs gallop, MF industry now has 80 lakh live SIPs |
| 11:16 Dec 07,2011 |
| The total number of SIPs has gone up 21% from 34 lakh in October 2010 to 41 lakh in 2011 at CAMS while Karvy has registered 66% growth in SIP inflows this year |
|
| Indiabulls plans to launch tax saver fund |
| 06:04 Dec 06,2011 |
| Indiabulls AMC has filed an offer document with SEBI today to launch its open ended Indiabulls Tax Saver Fund |
|
| Bank of India picks up 51% stake in Axa Investment Managers |
| 12:25 Dec 05,2011 |
| Bank of India has reentered the mutual fund industry by acquiring 51% stake in Axa Investment Managers |
|
| SEBI MF advisory committee mulls single trustee to oversee all AMCs |
| 11:55 Dec 03,2011 |
| The move has not found many takers as a single entity acting as a trustee of all AMCs may not take an active interest in the operations of a fund |
|
| Nandkumar Surti is the new CEO and MD of JPMorgan AMC |
| 02:06 Dec 02,2011 |
| Nandkumar Surti would be replacing Christopher Spelman |
|
| CBDT asks AMCs to cough up tax on PTCs |
| 09:38 Dec 02,2011 |
| The AMC may have to cough up income tax for investments made in pass through certificate (PTC) in 2008-09 |
|
| AMCs initiate due diligence on big distributors |
| 09:29 Dec 01,2011 |
| Reliance and HDFC have sent email communication to distributors informing them about the impending due diligence |
|
| Big distributors will trim their fund distribution list |
| 11:03 Nov 29,2011 |
| Being associated with 43 mutual fund houses is not possible any more for big distributors |
|
| BSE to facilitate buying MFs through mobile phones |
| 09:29 Nov 25,2011 |
| The exchange will also announce the introduction of additional facilities on BSE StAR MF Platform shortly |
|
| Banks getting active in the AMC space |
| 09:20 Nov 23,2011 |
| Banks are gearing up to enter the market and utilize their banking channel for distribution |
|
| AMFI invites EOI for developing MF Utility platform |
| 09:24 Nov 22,2011 |
| Selected vendor to execute the job in 90 days |
|
| HSBC is the largest mf distributor among banks; NJ among NDs |
| 10:50 Nov 18,2011 |
| The 20 largest distributors (10 banks and 10 NDs) account for 57% (Rs.1, 033 crore) of industry’s Rs. 1,800 crore payout in FY10-11 |
|
| Bank sponsored MFs take help of affiliates to tap customers |
| 01:24 Nov 17,2011 |
| Rs 143 crore commission paid to group affiliates |
|
| Bajaj Finserv looking to develop a new business model for its AMC |
| 05:16 Nov 17,2011 |
| The financial arm of Bajaj Group has recently got SEBI nod to set up its AMC business |
|
| SEBI asks AMCs to disclose all expenses incurred on distributors |
| 10:08 Nov 16,2011 |
| The disclosure would reflect all costs like foreign junkets and other expenses incurred on distributors during normal course of business including trail and upfront |
|
| Top 12 AMCs paid Rs. 1,546 crore commissions to 549 distributors in FY10-11 |
| 04:18 Nov 15,2011 |
| Reliance has paid the highest commission of Rs. 330 crore to 433 distributors across India followed by HDFC which paid Rs. 288 crore in FY2010-11 |
|
| MFs make little headway beyond the top 14 cities |
| 09:33 Nov 11,2011 |
| Top 5 cities account for a whopping 75% of industry AUM and if we add the next 9 cities, the percentage goes up to 87%, shows an analysis of AMFI data |
|
| Franklin Templeton unveils Templeton India Corporate Bond Opportunities Fund |
| 09:37 Nov 09,2011 |
| - |
|
| De-duplication of folios likely to complete by January 2012 |
| 09:25 Nov 09,2011 |
| Industry estimates suggest that the number of folios could drop sharply once unique investors are identified |
|
| AMCs to declare brokerages |
| 06:08 Nov 09,2011 |
| The brokerage will reflect upfront and trail commission paid by a fund house in a financial year paid across all schemes |
|
| AMFI to publish new MF investor count soon |
| 02:10 Nov 07,2011 |
| Approximately 4 million new investors have come into 20 AMCs since 2009 |
|
| Most banks active in MF distribution opt in for transaction charges |
| 05:49 Nov 03,2011 |
| Only 12 banks out of a total of 69 KYD compliant banks have opted in for the transaction charges. But when you look closely, you find that most of the active banks have opted in, says Ravi Samalad |
|
| Axis MF files offer document to launch Focused 25 Fund |
| 06:36 Nov 01,2011 |
| The scheme aims to invest in up to 25 companies. |
|
| Due diligence for 549 big distributors to start by December end |
| 02:57 Nov 01,2011 |
| SEBI asks for status check on due diligence of large distributors from AMCs |
|
| 4 AMCs account for 53% of equity AUM |
| 09:12 Oct 31,2011 |
| The remaining 38 fund houses manage 47% of industry’s Rs 1.62 lakh crore equity assets |
|
| Transaction charges to roll out from November 01 |
| 07:46 Oct 31,2011 |
| 6000 distributors will start getting transaction charge from AMCs every month |
|
| AMCs tie-up with IFAs for investor awareness campaign |
| 10:16 Oct 25,2011 |
| New marketing techniques adopted by IFAs for expanding their clientele |
|
| Now find geography wise AUM break up on AMC web sites |
| 10:42 Oct 23,2011 |
| Fund houses to start disclosing aggregate commission paid out to distributors also from FY12 |
|
| IDBI MF launches gold ETF |
| 02:59 Oct 20,2011 |
| IDBI MF launches gold ETF |
|
| ICICI Prudential MF announces changes in SID of open ended schemes |
| 04:24 Oct 18,2011 |
| The changes in scheme information document of various open-ended schemes will be effective from 18 October 2011 |
|
| Birla announces change in fund management responsibilities |
| 04:16 Oct 18,2011 |
| The AMC is changing fund managers of two schemes |
|
| Rising expenses & declining equity inflow hit MF Industry profits |
| 09:36 Oct 17,2011 |
| MF industry saw its net profits plunge by 50 percent in the financial year 2010-11 as industry expenditure surged 20 percent and equity inflow declined 41 percent. |
|
| No commission if ARN renewed after six months of expiry: AMFI |
| 09:24 Oct 17,2011 |
| AMFI announces changes on ARN renewal; new rules effective from January 2012 |
|
| MF stars land at IFA Galaxy summit |
| 06:04 Oct 17,2011 |
| IFA Galaxy holds its Knowledge Summit in Chennai |
|
| 4 of the top 10 AMCs record decline in profits this fiscal |
| 04:57 Oct 05,2011 |
| Reliance AMC overtakes HDFC AMC to emerge as the most profitable AMC |
|
| Small AMCs score big; Big AMCs shrink |
| 08:28 Oct 04,2011 |
| 16 small AMCs show 30% average growth in their AUM in July-September quarter while nine large fund houses lose Rs. 56,997 crore AAUM |
|
| Reliance launches a dual benefit card |
| 09:00 Oct 04,2011 |
| The card provides liquidity to investors any time during urgency. |
|
| SEBI settles HDFC MF front-running case through consent order |
| 11:41 Oct 03,2011 |
| SEBI settles HDFC MF front-running case through consent order |
|
| MF transaction utility to start from April 2012 |
| 09:34 Oct 03,2011 |
| The front end investment portal will provide ease of investing in all mutual funds at one place |
|
| How could the SEBI concept paper change your business? |
| 05:35 Oct 03,2011 |
| Ravi Samalad speaks to AMC officials and veteran IFAs to find out what the implications of the proposals in the SEBI concept paper on regulating investment advisors for the industry and its stakeholders |
|
| Should I be a Financial Adviser or an Agent – How to decide? |
| 11:28 Sep 30,2011 |
| Here are the decisions that you will have to take if these proposals take shape |
|
| DSP BR launches World Agriculture Fund |
| 02:14 Sep 29,2011 |
| The fund will invest in BlackRock Global Funds World Agriculture Fund |
|
| Reliance Capital proceeds towards stake sale in the AMC, say media reports |
| 05:57 Sep 28,2011 |
| Reliance Capital proceeds towards stake sale in the AMC, say media reports |
|
| L&T MF appoints Director & acting CEO |
| 04:33 Sep 28,2011 |
| Ved Prakash Chaturvedi has been appointed as Director of L&T AMC and Ashutosh Bishnoi as Acting CEO |
|
| HSBC MF announces change in fund management responsibilities |
| 04:23 Sep 28,2011 |
| HSBC MF has changed fund managers of Equity Fund, Unique Opportunities, India Opportunities & Dynamic Fund |
|
| India Infoline AMC launches lowest cost Nifty ETF |
| 05:59 Sep 27,2011 |
| The fund opens for subscription on 28 September and closes on October 12 |
|
| Fund houses push MIPs |
| 04:03 Sep 22,2011 |
| Distributors are being offered 1% to 1.25% upfront commission to push MIPs as equity markets remain volatile |
|
| Fund houses agree with SEBI on minimum target amount for NFOs |
| 05:19 Sep 20,2011 |
| Raising a minimum threshold in NFOs will ensure that AMCs will exercise adequate caution before launching schemes |
|
| DSP BlackRock’s rush of offshore funds |
| 06:09 Sep 20,2011 |
| The fund house plans to launch seven offshore funds beginning with its DSPBR World Agriculture Fund which opens for subscription on 30th September |
|
| Union KBC initiates investor awareness programs |
| 04:05 Sep 16,2011 |
| Union KBC launches two investor centric initiatives: Prabodh, a series of investor awareness programs and ATMfunds@Union Bank which would allow investors to conduct MF transactions through Union Bank of India ATMs. |
|
| MF distributor compliance likely to be outsourced to an audit firm |
| 04:18 Sep 13,2011 |
| The ARN committee has received an in-principal approval from AMFI to hand over the compliance work to a third party audit firm |
|
| SEBI asks AMCs to send scheme annual reports to investors via email |
| 09:34 Sep 09,2011 |
| Investors will get consolidated account statements from October 1, 2011 every calendar month |
|
| ‘Damp squib’ is the IFA verdict on new transaction charges |
| 10:31 Sep 08,2011 |
| A majority of the Independent Financial Advisors (IFAs) have given a lukewarm response to new transaction charges on mutual funds, finds a Cafemutual survey of 755 IFAs across the country |
|
| Gold ETFs expected to gain further momentum |
| 10:33 Aug 30,2011 |
| Gold ETFs have gained momentum only over the past two years. With investors getting comfortable owning gold in paper format, the Gold ETF category will grow bigger |
|
| Fundsupermart and FundsIndia to opt out of transaction charge |
| 09:51 Aug 28,2011 |
| Fundsupermart and FundsIndia to opt out of transaction charge |
|
| Transaction charge implementation is a while away |
| 12:52 Aug 25,2011 |
| Registrars are tweaking their software to incorporate the new rule even as AMCs await more clarity on implementation from AMFI |
|
| SEBI asks for more information disclosure |
| 09:09 Aug 23,2011 |
| Fund houses welcome showcasing geography wise AUM data |
|
| Implementing due diligence process a tough task for AMCs |
| 09:04 Aug 23,2011 |
| Fund houses will try to put in place systems to institutionalize the process; compliance cost for AMCs is likely to escalate |
|
| Transaction charges come in to effect |
| 09:25 Aug 22,2011 |
| The regulator has clarified that upfront commission to distributors shall continue to be paid by the investor directly to the distributor by a separate cheque |
|
| UTI allows transaction through debit cards |
| 05:55 Aug 22,2011 |
| Besides the internet banking platform, UTI investors can now use debit cards for MF investments |
|
| AMCs to conduct exhaustive due diligence on big distributors |
| 09:35 Aug 22,2011 |
| SEBI asks AMCs to review if big distributors meet the ‘fit and proper’ criteria; fund houses say it is an onerous task |
|
| AMCs simplify scheme names to connect with investors |
| 09:47 Aug 21,2011 |
| 18 schemes are set to be renamed by 12 different fund houses so that the scheme’s name truly reflects the fund’s investment mandate. |
|
| Birla Sun Life announces change in key personnel |
| 02:36 Aug 19,2011 |
| Head Equity - Offshore Ajay Argal resigns from Birla Sun Life Mutual Fund |
|
| Scheme mergers on the rise as fund houses seek to consolidate product portfolios |
| 10:26 Aug 15,2011 |
| Product line ups getting leaner as fund houses merge schemes, often merging schemes that have different investment mandates |
|
| S&P downgrades US, buying opportunity foreseen in Indian markets |
| 11:29 Aug 08,2011 |
| Indian markets may see a short term fall but India’s long term prospects look good. Experts say that the downgrade was expected and this could be a good opportunity to buy fundamentally sound companies. |
|
| Markets hit badly; what should you tell your investors? |
| 03:14 Aug 05,2011 |
| As Sensex and Nifty hit 13 month low of 16,990.91 and 5,116.45 following global uncertainties, Cafemutual spoke to MF experts to find out how this will impact the markets and what you should be telling your investors. Read on... |
|
| Edelweiss Mutual Fund launches Select Midcap Fund |
| 11:14 Aug 04,2011 |
| The NFO of Select Midcap Fund would remain open from 4 August to 18 August |
|
| Gold ETFs and fund of funds gaining popularity |
| 05:35 Aug 03,2011 |
| In the last six months, the AUM in gold ETFs has increased by Rs 1987 crore |
|
| AMCs looking to implement the new transaction charge soon |
| 12:52 Aug 01,2011 |
| While clarity on operational aspects of the recently announced policies is still awaited, AMCs are looking to act on these policies at the earliest |
|
| SEBI allows more disclosure in closed end debt schemes |
| 11:54 Aug 01,2011 |
| SEBI has allowed fund houses to make disclosures that will benefit investors in FMP and other closed end debt schemes |
|
| AMCs and distributors awaiting clarity on ‘big distributors’ regulation |
| 06:50 Jul 29,2011 |
| AMCs and distributors are anxious to know the details on the new regulation relating to ‘big distributors’ regulation |
|
| A top AMC is entering financial planning business |
| 09:18 Jul 28,2011 |
| It plans to open financial planning centers to help investors draw up financial plans |
|
| AMCs offering 3 to 5 year upfront incentive on SIPs |
| 02:31 Jul 28,2011 |
| An incentive of 30 to 35 basis points is being paid for new SIP subscription in equity schemes to ensure regular inflows |
|
| SEBI allows transaction charge on mutual fund subscriptions |
| 10:00 Jul 28,2011 |
| Rs. 150 will be charged for first time mutual fund investors and Rs. 100 for existing investors on investment above Rs. 10, 000 |
|
| SEBI announces a series of changes for MFs |
| 10:12 Jul 28,2011 |
| Here is a summary of the key SEBI announcements regarding mutual funds |
|
| Big distributors to be regulated, announces SEBI |
| 10:26 Jul 28,2011 |
| SEBI has taken the first step in regulating distributors of mutual funds |
|
| The new flavor is short term debt funds |
| 04:07 Jul 27,2011 |
| The new flavor is short term debt funds |
|
| Advisors not enthused about Rs. 50-200 incentive proposal |
| 12:40 Jul 26,2011 |
| Advisors pitch for charging varying expense ratio for different ticket sizes which would give AMCs more headroom to incentivize IFAs. |
|
| It is raining SIPs |
| 01:08 Jul 26,2011 |
| The MF industry sees a steep growth in SIPs with five AMCs alone being able to generate nearly seven lakh new SIPs in just four months |
|
| Vadodara IFA Association aims to empower IFAs with knowledge and skills |
| 08:47 Jul 22,2011 |
| Ulpesh Raj, President of Vadodara IFA Association says that his group is striving to increase the penetration of mutual funds despite the headwinds faced by IFAs. In three years of its existence, the group has become a centre point for all IFAs in Vadodara. |
|
| If implemented, a flat 1.75% expense ratio will be a ‘double whammy’ for the industry |
| 09:35 Jul 21,2011 |
| SEBI is reportedly mulling a proposal to cut down expense ratio to 1.75% and if accepted, the industry could face some tough times ahead |
|
| All Kerala IFA Association focuses on skills development and knowledge enhancement |
| 03:40 Jul 19,2011 |
| Jagadeesh Pai, President Central Zone of the Association articulates the vision of the group for contributing to the development of the mutual fund industry. |
|
| AMCs look for clarity on proxy voting policy law |
| 08:41 Jul 18,2011 |
| Lack of clarity in company law is a grey area; AMCs suggest AMFI to step in to clear the confusion |
|
| Apology to Tata AMC |
| 01:37 Jul 15,2011 |
| Apology to Tata AMC |
|
| Rajan Mehta, the ETF pioneer in India exits the MF industry |
| 06:25 Jul 12,2011 |
| The entrepreneur plans to start a health care firm with friends |
|
| KAMFA aims to be the voice of the entire IFA fraternity in Karnataka |
| 07:41 Jul 10,2011 |
| By a sheer coincidence, KAMFA was officially set up in 2009 just three days after the ban of entry load came in to effect though the preparatory work had started two years earlier. Gurusimha, President shares his vision for KAMFA with Cafemutual |
|
| SOFP is honing the skills of financial planners |
| 01:07 Jul 07,2011 |
| Society of Financial Planners is the sole pan India group of Certified Financial Planners registered in India. Jayant Vidwans, one of the founding members & the President talks about the activities of SOFP with Cafemutual |
|
| AMFI as a SRO should have more broad based participation, feel IFAs |
| 01:09 Jul 06,2011 |
| If AMFI turns into a SRO, it should have fair representation from all stakeholders in the industry |
|
| ASK Circle aims to make its annual MF conference the world’s biggest one |
| 12:07 Jul 04,2011 |
| ASK Circle's most visible activities is the annual Mutual Fund Round Table (MFRT) Kanak Jain, President of Kolkata based ASK Circle takes us through various activities organized by the association |
|
| IFA Galaxy aims to make IFAs the no.1 channel |
| 11:18 Jun 29,2011 |
| Chennai based IFA Galaxy started as a small online group of IFAs in 2009. In a matter of two years, the group has attracted more than 10,000 advisors from all over India. Ramesh Bhat, the key force behind this group shares details about the group’s activities and its future plans |
|
| More fund houses to allow investments via debit cards |
| 11:22 Jun 28,2011 |
| UTI MF, Quantum MF, Sundaram among players planning to facilitate investments through visa enabled debit cards |
|
| Prashant Jain tops Financial Express ranking of India’s equity fund managers |
| 12:52 Jun 27,2011 |
| Financial Express ranks fund managers based on the RAR for their schemes |
|
| Fund houses push IFAs towards goal based advising |
| 11:32 Jun 18,2011 |
| Although not all advisors are using the goal based tools launched by fund houses, they say it'll improve financial advisory standards |
|
| Shah joins Principal PNB AMC |
| 04:34 Jun 16,2011 |
| Dhimant Shah has joined Principal PNB MF as Fund Manager – Equity |
|
| J P Morgan launches an NFO for ‘evolved investors’ |
| 06:35 Jun 14,2011 |
| The AMC considers ASEAN as a good market to park investors’ money |
|
| MFs against tied agent model |
| 09:39 Jun 10,2011 |
| Tied agency model would restrict investor’s choice and can increase mis-selling |
|
| Investor awareness campaign evokes mixed response from AMCs and distributors |
| 05:27 Jun 08,2011 |
| Investor awareness campaigns by AMCs have proved beneficial for investors, say AMCs; distributors are not too enthused |
|
| IFAs shun ‘structured products’ |
| 06:06 Jun 08,2011 |
| Structure products are back in the market under various labels names; IFAs skeptical about such products |
|
| MF industry might witness exit of a few players |
| 02:03 Jun 03,2011 |
| A few small AMCs are planning to quit the MF business following low returns and growth constraints |
|
| AMFI’s MF awareness campaigns to hit TV screens in June |
| 01:15 Jun 01,2011 |
| The funding for these campaigns has been contributed by all AMCs in proportion to their AUM strength |
|
| Investors of Canara Robeco MF still waiting to be compensated |
| 06:11 May 25,2011 |
| AMC claims to have proactively taken steps to compensate the investors |
|
| Next Advisors to launch online investment portal for IFAs |
| 06:30 May 25,2011 |
| Eight Mumbai based distributors are developing a web investment portal for IFAs which will facilitates investments with their own ARN |
|
| Is SEBI trying to increase the cost of investment in mutual fund, ask IFAs |
| 10:53 May 23,2011 |
| The regulator has recently announced that investors can hold units either in physical or in demat form in an open-ended scheme |
|
| Investors may not have to pay a separate cheque as Advisory fee |
| 05:34 May 20,2011 |
| SEBI may include the advisory fee in MF application form itself |
|
| ETFs and Gold ETFs in demand |
| 04:50 May 11,2011 |
| Equity Funds net inflows goes down |
|
| Krishnamurthy Vijayan to step down from IDBI MF: Sources |
| 04:57 May 11,2011 |
| The current MD & CEO of IDBI MF has reportedly put in his papers last month and a top official from IDBI Bank is likely to replace him |
|
| Axis MF to launch gold fund of fund |
| 11:52 May 11,2011 |
| The fund house will file offer document with SEBI to launch a gold fund which will invest in its Axis Gold ETF |
|
| AMCs expect folios to fall further |
| 03:30 May 05,2011 |
| Once AMCs adopt the new reporting format suggested by SEBI, the number of overall folios could shrink |
|
| AMCs favor flagship product |
| 11:05 May 05,2011 |
| NFOs have dried up; AMCs promote their flagship products more actively |
|
| SEBI asks MFs to identify unique retail folios |
| 09:11 May 03,2011 |
| The regulator has asked fund houses to furnish unique retail folios according to their asset class from this month |
|
| Dip or rise in SIP investments? |
| 06:14 May 03,2011 |
| A few AMCs see the number of SIP investments going down while others observe the opposite |
|
| AMCs bullish on expansion |
| 09:27 May 02,2011 |
| The fund houses planning to extend reach in tier 2, tier 3 and tier 4 cities |
|
| Deutsche AMC denies any violation of MF norms |
| 06:01 Apr 25,2011 |
| Deutsche AMC maintains that their schemes meet SEBI as well as their own stringent internal guidelines |
|
| ING MF launches ING Optimix Financial Planning Fund |
| 04:06 Apr 19,2011 |
| The fund offers asset allocation in four different asset classes like gold, equity, debt and liquid simultaneously |
|
| Fear is the Fee |
| 09:45 Apr 18,2011 |
| Mr. Rajan Mehta, Executive Director, Benchmark AMC shows how IFAs need to overcome their fear and make their services more tangible to their clients in order to be able to charge a fee to their clients |
|
| DTC woes cast shadow on ELSS inflows |
| 12:25 Apr 15,2011 |
| Despite upfront commissions to distributors, ELSS witness tepid inflows as investors stay away because DTC takes away tax benefits from FY 2012 |
|
| Soumendra Nath Lahiri joins Canara Robeco AMC |
| 03:38 Apr 12,2011 |
| Soumendra Nath Lahiri has joined Canara Robeco MF as Head – Equities |
|
| From Hunting to Farming |
| 06:00 Apr 12,2011 |
| Rajan Mehta, Executive Director, Benchmark AMC argues that distributors are better off in the long run with a customer-centric ‘farming’ than a transactional ‘hunter’ approach |
|
| Tata MF changes fund management responsibilities |
| 11:01 Apr 06,2011 |
| Atul Bhole is the fund manager for Young Citizens Fund, Monthly Income Fund and MIP Plus Fund |
|
| ICICI, Birla Sun Life and Kotak grow bigger in Jan-Mar 2011 |
| 09:29 Apr 02,2011 |
| HDFC MF, Reliance MF and Franklin Templeton record a fall in their assets under management during January-March 2011 |
|
| IFAs nudge AMFI to drop commission disclosure clause |
| 05:26 Mar 31,2011 |
| Citing practical difficulties in complying with the commission disclosure clause, a group of distributors have shot off an email to H N Sinor, CEO, AMFI |
|
| BNP Paribas MF changes fund management responsibilities |
| 02:37 Mar 31,2011 |
| BNP Paribas Mutual Fund has changed fund managers for Sustainable Development Fund and Monthly Income Plan |
|
| AMC gets innovative to engage the IFAs |
| 05:18 Mar 28,2011 |
| ICICI Prudential AMC arranged a cricket tournament for IFAs in Chennai |
|
| UnionKBC and Indiabulls get ready to launch their products |
| 10:02 Mar 25,2011 |
| After receiving SEBI approval this week, both UnionKBC and Indiabulls plan to launch with a mix of equity and fixed income products |
|
| No further KYD deadline extension |
| 05:17 Mar 24,2011 |
| AMFI has directed AMCs to freeze brokerage payable post April 01, 2011 if their empanelled distributors are not KYD compliant |
|
| SEBI asks AMCs to implement sales guidelines for national distributors |
| 05:44 Mar 24,2011 |
| IFAs not likely to be a part of this compliance process |
|
| Distributors want to embed commission structure in application forms |
| 09:30 Mar 21,2011 |
| Charging fee from investors continues to be a hotly debated issue. An interesting format was discussed at an IFA Galaxy meet in Trichy |
|
| ‘It’s important to get long term investors rather than just putting the money across and buying assets’ |
| 09:36 Mar 18,2011 |
| Ashu Suyash, Managing Director & Country Head, Fidelity MF says that the FMPs may not sustain the growth rate once DTC kicks in |
|
| No major dole outs to distributors from load corpus |
| 05:59 Mar 17,2011 |
| Expect no major surprises from AMCs for distributors after SEBI nod on free usage of exit load corpus for marketing expenses |
|
| Disclosing commission to investors impractical, say distributors |
| 09:21 Mar 15,2011 |
| Disclosing commissions to investors is an operational nightmare for distributors catering to retail investors |
|
| SEBI seeks inputs from AMCs to attract foreign investors in equity schemes |
| 05:33 Mar 10,2011 |
| Market watchdog SEBI had its ‘first level’ discussion with fund houses to tap foreign investors in Indian equity mutual funds |
|
| SEBI relaxes norms on exit load reserve usage |
| 08:54 Mar 09,2011 |
| AMCs will be allowed to fully utilize funds collected from exit loads after 31 July 2009 for marketing and paying commissions to distributors |
|
| Fund houses find solace in fixed maturity plans |
| 12:43 Mar 07,2011 |
| As many as 93 FMPs have been launched by AMCs since January 2011 to cash in on the high yields from bank CDs as equity markets remain volatile |
|
| Bank of India to buy 51 per cent stake in Bharti AXA MF |
| 12:59 Mar 05,2011 |
| Bank of India which exited the mutual fund business in 2004 is set to re-enter the MF space by acquiring 51 per cent stake in Bharti AXA Investment Managers, reports Business Standard |
|
| Goldman Sachs in talks to buy Benhcmark MF |
| 04:10 Mar 04,2011 |
| Goldman Sachs Mutual Fund buys out Benchmark Mutual Fund at Rs 120 crore to Rs 135 crore |
|
| Kotak launches Kotak Gold Fund |
| 12:10 Mar 03,2011 |
| Kotak Mutual Fund is the latest fund house to launch a gold fund of fund called Kotak Gold Fund, an open ended scheme |
|
| Debt schemes get a blow from budget |
| 10:12 Feb 28,2011 |
| The union budget has proposed a 30% tax on income distributed to corporate in money market and liquid schemes, experts feel that the move will impact the inflows |
|
| Religare MF increases face value of 3 schemes |
| 11:23 Feb 25,2011 |
| Religare MF increases the face value Liquid Fund, Ultra Short Term Fund and Overnight Fund |
|
| IDFC launches Infrastructure Fund |
| 06:04 Feb 17,2011 |
| The fund will invest in all companies that are engaged in financing, developing, operating and maintaining any facility/project in the infrastructure sector. It will follow a bottom up approach. |
|
| Interim committee to manage UTI MF affairs |
| 06:16 Feb 17,2011 |
| A four member interim management committee will take care of day-to-day affairs at UTI Mutual Fund till a successor to U K Sinha is decided; internal candidates too would be considered |
|
| Nomination must from April 1 |
| 09:31 Feb 15,2011 |
| Mutual funds have to ensure all investors register their nominations with them. This is part of the AMFI best practices guidelines for mutual funds and RTAs |
|
| HDFC MF launches philanthropy fund |
| 01:15 Feb 09,2011 |
| HDFC Mutual Fund has launched a unique debt fund that gives investors the option to donate 50 per cent or 100 per cent of the dividend to Indian Cancer Society |
|
| MFs against tax on scheme merger |
| 06:44 Feb 09,2011 |
| AMFI asks finance ministry to treat mergers of schemes on par with corporate mergers to save investors from having to pay tax |
|
| SEBI now wants norms for distributors |
| 07:12 Feb 07,2011 |
| SEBI's Vaidyanathan says the regulator wants mutual funds to create a framework for empanelling distributors |
|
| Five-day allotment period to stay |
| 09:28 Jan 31,2011 |
| SEBI says no to extension of unit allotment period after an NFO but mutual funds decide to persist with their demand. |
|
| Cheemalpati joins Religare AMC |
| 10:22 Jan 31,2011 |
| Krishna Cheemalpati has joined Religare MF as Fund Manager – Fixed Income |
|
| L&T MF CMO quits |
| 11:06 Jan 29,2011 |
| L&T Mutual Fund faces the challenge of senior level exists in a short period after its launch; the latest to quit is its Chief Marketing Officer, Mohit Sachdev |
|
| Overseas IFAs yet to comply with KYD norms |
| 06:09 Jan 20,2011 |
| MF distributors based in foreign cities with NRI concentration too are still to comply with KYD requirements |
|
| Daiwa launches asset management business |
| 06:35 Jan 17,2011 |
| Shinsei AMC is renamed as Daiwa AMC after completion of buyout; Daiwa says this gives it a foothold in potentially one of the largest retail asset management markets in the world |
|
| MFs embrace social media |
| 10:46 Jan 11,2011 |
| Mutual funds see social networking sites as a good platform to build a rapport with investors |
|
| AMFI to run ad campaigns on MFs |
| 06:42 Jan 10,2011 |
| The commercials will help educate people about the benefits of investing in mutual funds |
|
| Fidelity MF campaign for children |
| 09:07 Jan 10,2011 |
| Fidelity Mutual Fund has kicked off an investment awareness campaign for children; to reach out to 20-30 tier two and tier three towns |
|
| "Guide to Saving for Children" Fidelity MFs investor awareness campaign |
| 06:21 Jan 10,2011 |
| Fidelity MFs investor awareness campaign to focus on children’s education mantra |
|
| Single account statement from Feb |
| 02:42 Jan 10,2011 |
| MFs are still discussing legal & cost aspects of issuing a common statement of investments across fund houses |
|
| L&T Small Cap Fund becomes open ended |
| 12:16 Jan 07,2011 |
| L&T Mutual Fund converts L&T Small Cap Fund into open ended scheme |
|
| Expense ratios to remain unchanged |
| 09:32 Dec 23,2010 |
| Existing expense ratios to continue; MFs say no to a flat expense ratio of 1.5% for equity schemes |
|
| Scheme mergers to gain momentum |
| 09:08 Dec 22,2010 |
| The number of mutual fund schemes is likely to fall substantially as mutual fund houses consolidate similar schemes |
|
| SEBI nudges MFs to cut R&T fees |
| 02:37 Dec 13,2010 |
| SEBI wants mutual funds to reduce the fees they pay to R&Ts as it aims to reduce the overall expense ratio |
|
| Investor awareness overdrive |
| 04:50 Dec 06,2010 |
| UTI MF is following up with “India Invest Karo” campaign after its earlier drive “Swatantra” reached out to 15 lakh people. |
|
| Shinsei Mutual Fund is now Daiwa Mutual Fund |
| 05:19 Dec 03,2010 |
| The company’s current shareholder Shinsei Investment I, Rakesh Jhunjhunwala and Freedom Financial Services Private have divested their entire stake in Shinsei Mutual Fund |
|
| SEBI says MFs freed from NFO ills |
| 07:42 Nov 30,2010 |
| SEBI says large investments in NFOs between 2001 and 2009 were a result of mis-selling; argues MFs have adjusted well |
|
| Role of intermediaries essential |
| 03:06 Nov 26,2010 |
| Quantum Mutual Fund, sponsored by the Ajit Dayal founded Quantum Advisors, is a rebel. In an industry that’s dependent on distributors, this fund house has gone direct. It has bypassed the traditional distributors channel and is selling its mutual fund schemes to investors directly, says Ravi Samalad. |
|
| LIC Mutual Fund losing its way |
| 10:13 Nov 23,2010 |
| LIC MF’s AUM fell 62% in 2010 and was the only fund house not to gain from the market upswing |
|
| Pramerica launches its first equity schemes |
| 04:32 Nov 11,2010 |
| The fund house has collaborated with six collection bankers present in more than 100 locations |
|
| Mutual Funds grapple with regulatory changes for NFOs |
| 05:08 Oct 19,2010 |
| Mutual funds find allotment of units within five days of closure of an NFO to be a tall order, reach |
|
| Bharti seeks to exit asset management business: reports |
| 03:23 Oct 16,2010 |
| Bank of India is in talks with Bharti and two others to re-enter AMC business and a few join other public sector banks which have returned to asset management, finds Team Cafemutual. Read on to know more |
|
| Channel distributors fall in line; start sharing investor documents |
| 11:16 Oct 15,2010 |
| Large mutual fund distributors are now being paid the commissions that were held back after they sta |
|
| Trustees in mutual fund industry to assume more responsibility |
| 03:18 Sep 18,2010 |
| Trustees have an onerous task of protecting the interests of investors in mutual funds and for that |
|
| SEBI wants AMCs to clarify transferability clause |
| 05:18 Sep 10,2010 |
| Mutual fund units held in dematerialised form are now freely transferable, finds team Cafemutual. Read to know more |
|
| SEBI wants fund houses to have complete investor related documents |
| 04:41 Aug 12,2010 |
| SEBI has asked all distributor channels to provide the necessary customer information to fund houses |
|
| MF commission structure for distributors may undergo a change after the new SEBI measures |
| 06:34 Jan 01,1900 |
| Some AMCs might reduce upfront commission and increase trail while others say they will claw back if investments are redeemed before one year. |
|
| Distributor commission restructured by top AMCs |
| 07:02 Jan 01,1900 |
| AMCs take new initiatives to expand their reach beyond top 15 cities. |
|
| Distributor commission restructured by top AMCs |
| 07:04 Jan 01,1900 |
| AMCs take new initiatives to expand their reach beyond top 15 cities. |
|
| SBI AMC launches SBI Sensex ETF |
| 06:13 Jan 01,1900 |
| SBI Sensex ETF is a RGESS which opened for subscription on February 9. |
|
| SEBI relaxes portfolio replication in PMS/offshore funds managed by AMCs to 70% |
| 10:42 Jan 01,1900 |
| The move is likely to benefit fund houses managing PMS or advisory funds. |
|
| 8 audit firms shortlisted for distributors’ due diligence |
| 06:20 Jan 01,1900 |
| The number of distributors who will fall under the ambit of due diligence has come down to 402 from 529. |
|
| Distributor commission restructured by top AMCs |
| 07:00 Jan 01,1900 |
| AMCs take new initiatives to expand their reach beyond top 15 cities. |
|
| The business of FMPs |
| 05:37 Jan 01,1900 |
| Why some fund houses don’t launch FMPs? |
|
| SEBI chief promises support to the industry |
| 01:43 Jan 01,1900 |
| Regulator begins consultations with distributors, AMCs and investor assocations. |
|
| ‘FIAI was formed to act as a common voice for distributors’ |
| 07:34 May 13,2013 |
| Formed in 2009, Financial Intermediaries Association of India (FIAI) represents a group of national distributors and private banks. Gurpreet Singh, Principal Consultant, Financial Intermediaries Association of India (FIAI) talks about the association’s origin, activities and future plans. |
|
| I’ll change the rules of the game in the mutual fund industry: Parag Parikh |
| 11:12 May 11,2013 |
| After running a successful PMS for more than a decade, Parag Parikh has entered the competitive mutual fund space. However, he is not in the race to gather assets and does not consider existing players as his competitors. |
|
| NFO mobilisations reduced to a trickle since 2010 |
| 09:29 Mar 15,2013 |
| Since 2010, 48 equity fund NFOs collect Rs 3596 crore |
|
| Fewer players means less innovation: Shridhar Iyer |
| 05:10 Mar 13,2013 |
| In this second part of the interview, Shridhar Iyer, CEO, Sundaram BNP Paribas Fund Services talks about his company’s plans and their differentiating factor. |
|
| We are committed to this market: Shridhar Iyer, Sundaram BNP Paribas |
| 10:38 Mar 12,2013 |
| The new entrant, Sundaram BNP Paribas Fund Services has a tough task of making inroads in the mutual fund R&T business. Shridhar Iyer, CEO says that his company will offer the right mix of technology and customer service to carve a niche for its services. |
|
| Customers are attracted to big AMCs: Nilesh Sathe |
| 09:39 Mar 07,2013 |
| LIC Nomura Mutual Fund is making a comeback. After losing assets in its debt funds, the AMC is getting its act together and aims to reach Rs 10,000 crore by March end. Nilesh Sathe, Director & CEO, LIC Nomura Mutual Fund talks to Cafemutual about his roadmap for the fund house. |
|
| More than 800 investors participate in Nagpur IFA Association’s maiden event |
| 09:31 Feb 13,2013 |
| Nagpur IFA Association is a fledging group of 37 IFAs from Nagpur which is working to enhance the skills of IFAs. More than 800 investors flocked to their first event which was held in Nagpur recently. Bhavesh Khetan, member of the Nagpur IFA Association shares more details about the association. |
|
| Income funds will continue to attract investors in 2013: Raju Sharma, Indiabulls AMC |
| 09:34 Feb 13,2013 |
| Raju Sharma, Head - Fixed Income, Indiabulls Mutual Fund says that investors should invest in long term FMPs to get better post tax returns. |
|
| Running losses to build topline is not a sustainable strategy: Harsha Viji, Sundaram AMC |
| 10:28 Feb 12,2013 |
| The newly appointed CEO of Sundaram Mutual Fund – Harsha Viji has ambitious plans to grow the AMC’s assets to Rs. 40000 crore in the next 3 years. |
|
| Privilege Club takes our relationship with IFAs beyond transactions: Navin Tewari |
| 01:01 Feb 10,2013 |
| Birla Sun Life Mutual Fund’s Privilege Club has been received well by IFAs. On its second anniversary, Navin Tewari, Head of Sales & Marketing, Birla Sun Life AMC shares more details of this initiative. |
|
| Monetary and fiscal policy will be the catalysts for markets: Ashu Suyash |
| 05:35 Jan 29,2013 |
| In this concluding part of the interview, Ashu Suyash, CEO of L&T Mutual Fund shares her views on markets, products and more… |
|
| We hope to gain market share across equity and debt this year: Ashu Suyash |
| 10:14 Jan 28,2013 |
| Ashu Suyash, CEO of L&T Mutual Fund says that the newly integrated AMC is trying to regain its market share across all channels. |
|
| Global funds yet to catch advisors fancy – Part I |
| 07:56 Jan 20,2013 |
| A number of AMCs are planning to launch overseas fund of funds despite low interest from retail investors. |
|
| Global funds yet to catch advisors fancy – Part II |
| 08:17 Jan 20,2013 |
| Currency risk, tax treatment and India’s outperformance vis-à-vis overseas markets have remained the key detriment to the growth of global funds. |
|
| ‘Mis-selling is not an area of concern right now’ says A. Balasubramanian |
| 10:50 Jan 11,2013 |
| In the concluding part of the interview, A. Balasubramanian, CEO of Birla Sun Life Mutual Fund says that given the good experience investors have had with mutual funds, the industry should focus on expanding the market. |
|
| The retail investor’s dependency on advisors is very high: A. Balasubramanian |
| 10:30 Jan 10,2013 |
| In a two-part series with Cafemutual, A. Balasubramanian, CEO of Birla Sun Life Mutual Fund shares the progress of his fund house in 2012 and its plans to reach beyond the top 15 cities. |
|
| ‘Investors should have 30 percent exposure in passive funds’ |
| 09:34 Nov 26,2012 |
| Manish Bandi, Vice President, Fund Manager at India Infoline AMC makes a case for passive investing. |
|
| ‘Both entry load and fee based model can co-exist’, Joe Mansueto, CEO, Morningstar |
| 03:04 Nov 05,2012 |
| Joe says that a majority of investors around the world feel the need for a financial advisor and the growth of the Indian mutual fund industry is not going to be inhibited due to the introduction of direct plans. |
|
| Overseas acquirers may continue to evaluate acquisition opportunities in Indian AMCs: Avinash Kalia, PWC |
| 06:38 Sep 21,2012 |
| Avinash Kalia, Associate Director – MF, PricewaterhouseCoopers (PWC) India, believes that the recent SEBI measures will act as a positive signal for overseas mutual fund players to continue looking for acquisition opportunities in the Indian mutual fund industry. |
|
| Adapting to change has been our hallmark: Deepak Chatterjee, SBI MF |
| 11:55 Jun 29,2012 |
| SBI MF completes 25 years of operations in the Indian mutual fund industry today. Despite private sector AMCs’ aggressive entry, SBI MF is in the coveted top 10 AMC space. |
|
| Three interesting AMC websites which distributors will find useful |
| 07:56 Jun 15,2012 |
| Cafemutual did a quick check to see what some of the leading fund houses are doing to keep distributors engaged through their websites. |
|
| Fund houses find gold fund-of-funds route ideal to attract retail investors |
| 04:56 Jun 07,2012 |
| Fund houses are pushing gold fund-of-funds to attract retail investors because of the constraints in investing in gold ETFs via demat accounts. |
|
| Pune Investment Advisors Association grows to 105 members in 10 months |
| 10:21 May 30,2012 |
| Bhushan Mahajan, the man behind Pune Investment Advisors Association, talks to Cafemutual on how his group is trying to educate investors in Pune about fee-based financial planning. |
|
| The advisor has to have the final say on asset allocation: Nitin Rakesh, Motilal Oswal AMC |
| 10:12 May 24,2012 |
| Nitin Rakesh, Managing Director & CEO of Motilal Oswal AMC, says that his firm will guide advisors on how to create portfolios using ETFs. |
|
| 'What sustains us is the smile we see on a customer’s face': V Shankar, CAMS |
| 10:08 May 20,2012 |
| In the second part of a two-part interview, V Shankar, Director, CAMS defines the roadmap for his company. |
|
| ‘Our role has evolved from that of a service provider to a knowledge partner’: V Shankar, CAMS |
| 12:12 May 19,2012 |
| Cafemutual starts a series of interviews with the game-changers who have shaped India’s MF industry. |
|
| No business can grow without compensating distributors: Waqar Naqvi, Taurus MF |
| 02:18 May 18,2012 |
| Taurus MF added Rs 1,184 crore of assets last year at a time when many AMCs lost ground... |
|
| We need IFAs to grow our business: Rajiv Anand, Axis Mutual Fund |
| 05:25 Apr 11,2012 |
| Rajiv Anand, MD & CEO of Axis Mutual Fund shares his plans to help the fund house reach break-even this fiscal. |
|
| ‘We will come out with path-breaking solutions and programs for IFAs’ (Part 2) |
| 02:27 Feb 28,2012 |
| In Part II of his interview, Akshay Gupta, MD & CEO of Peerless Mutual Fund, shares his distribution and product strategy. |
|
| ‘Our focus has been on penetrating the untapped geographies’ (Part 1) |
| 02:10 Feb 27,2012 |
| Akshay Gupta, MD & CEO of Peerless Mutual Fund, says that the distributors can be winners if they sell solution-based products. |
|
| FMPs: Thin margins, high volumes |
| 01:15 Jan 22,2012 |
| Despite thin margins, FMPs have ruled the roost in 2011 with the top 10 AMCs managing around Rs. 90,000 crore. |
|
| ‘Debt funds ought to be a part of every investor’s portfolio’ |
| 10:35 Dec 14,2011 |
| Killol Pandya, Head- Fixed Income at Daiwa AMC explains what debt products you should recommend your investors in the current interest rate scenario |
|
| “We encourage IFAs to join our platform”- V.Balasubramaniam, BSE |
| 10:12 Nov 28,2011 |
| Ravi Samalad meets V.Balasubramaniam, Chief Business Officer, BSE to find out what BSE StAR Platform has to offer to mutual fund distributors |
|
| Use star ratings as a first level check but don’t blindly follow them - Aditya Agarwal, Morningstar |
| 03:25 Nov 23,2011 |
| Within 3 years of starting its Indian operations, Morningstar has built a niche for itself with AMCs and wealth managers |
|
| Not just the rules, the entire distribution game has changed! |
| 10:15 Nov 07,2011 |
| To fill the gap in training of intermediaries, Amit decided to start a training academy, Karmayog. Jayshree Pyasi gets his insights on the industry |
|
| A day in the life of a MF regional head |
| 01:06 Oct 21,2011 |
| Ravi Samalad catches up with the regional head of a leading fund house in Mumbai and finds out that distributors were very much like his family |
|
| ‘We want to broad base our distribution’ says Rajan Krishnan |
| 02:42 Jul 28,2011 |
| Rajan Krishnan, Managing Director, Baroda Pioneer MF and one of the most experienced mutual fund professionals talks to Cafemutual about his plans for the fund house and the current state of the fund industry |
|
| Gold ETFs rake in the moolah, shows AMFI data |
| 11:20 Jul 09,2011 |
| Gold ETFs, equity and income fund NFOs do well, shows AMFI data |
|
| PWC report - Distribution Spectrum and the Changing Business Environment: Indian Mutual Fund Industry |
| 05:28 Jun 27,2011 |
| This PWC report unveiled at the Seventh CII Mutual Fund Summit looks at the issues and challenges facing the industry. Swapnil Suvarna brings you the key highlights |
|
| Distributors just need to skillfully package and sell their products: V Ramesh |
| 09:21 Jun 13,2011 |
| V Ramesh, Deputy CEO, AMFI says that the MF industry is not witnessing any slump;distributors and IFAs just need to smartly market their products |
|
| Is perpetual SIP the new trend? |
| 01:56 Apr 09,2011 |
| Perpetual SIPs find favor among distributors |
|
| A day in a life of a CIO - Sankaran Naren |
| 02:32 Mar 23,2011 |
| A typical day in the life of one of the best regarded CIOs, Sankaran Naren, Chief Investment Officer - Equities of ICICI Pru MF |
|
| Edelweiss MF’s spotlight is on volatility control products |
| 12:20 Mar 07,2011 |
| Edelweiss Mutual Fund has now got down to hard selling its flagship product, Edelweiss Absolute Return Fund |
|
| SBI MF’s profitability to be higher |
| 09:39 Feb 16,2011 |
| Training SBI employees in mutual funds and expanding the MF's branch network are among the key priorities of Deepak Kumar Chatterjee |
|
| AMFI to become an SRO by 2014-15 |
| 12:22 Jan 17,2011 |
| Mutual funds plan to bring in greater transparency in the manner in which it incentivises distributors, says H N Sinor, Chief Executive, AMFI |
|
| Business revamp helps Karvy |
| 05:28 Nov 26,2010 |
| V Ganesh, Director, Karvy, says the company has the ability to handle any large NFO of the size of large public issues |
|
| Private sector has 80% share |
| 03:08 Nov 23,2010 |
| Private sector dislodges public sector; Most public sector funds have withered |
|
| A Summary : PWC Indian Mutual Fund Industry - Towards 2015 |
| 06:52 Oct 29,2010 |
| The recent report by Pricewaterhouse Coopers titled “Indian Mutual Fund Industry - Towards 2015” analyses the challenges faced by the industry and the opportunities lying ahead. |
|
| BCG- CAMS Report on Indian Equity Mutual Funds |
| 06:44 Jun 30,2010 |
| Equity mutual funds have seen a spectacular growth in their AUM over the last few years. BCG and CAMS have produced a report based on an analysis of the equity mutual funds data with CAMS from 2003 to 2010. |
|
| Sales: Sin or Need? |
| 09:39 Apr 18,2013 |
| A good financial planner is a good seller, says Vinayak Sapre of VVS Ventures |
|
| Only empowered advisors can empower consumers: Rajiv Bajaj |
| 02:38 Jan 18,2013 |
| Rajiv Bajaj, Sundeep Sikka, Anup Bagchi, Suresh Mahalingam and Pankaj Mathpal shared their views at the FPSB Financial Planning Congress on the topic ‘Aiding Business Progression through ‘Consumer Empowerment’. Edited excerpts… |
|
| How can advisors overcome the challenge of direct plans? – II |
| 06:13 Oct 25,2012 |
| In this second series, we present a few solutions from advisors on how to retain clients. |
|
| How can advisors overcome the challenge of direct plans? – I |
| 01:38 Oct 23,2012 |
| Cafemutual speaks to a few experts in this series to find out how IFAs can meet the challenge head-on. |
|
| How can investor awareness programs help IFAs get new clients? |
| 02:25 Oct 22,2012 |
| A quick guide on how advisors can conduct investor awareness workshops to expand their client base. |
|
| Is the retail model still attractive for mutual fund advisors? |
| 06:58 Oct 18,2012 |
| While some IFAs are beginning to restructure their business models towards High Net worth Individuals (HNIs), those IFAs wishing to build a retail client base are reworking their strategies. |
|
| The Best Advice I Ever Got - II |
| 09:58 Aug 23,2012 |
| “Overcoming geographic limitations by connecting with clients virtually has shown me the path to expand my clientele around the globe,” says Suresh Mohta, IFA from Kolkata. |
|
| Sougata Mitra turned an adversity to an opportunity |
| 12:20 Aug 10,2012 |
| By educating and providing value added services to his clients, Sougata was able to turn disgruntled clients into informed and happy investors. |
|
| My first client taught me to be flexible with work timings, says B Jitu, IFA from Kolkata |
| 10:24 Aug 06,2012 |
| We continue with some more interesting stories in our series ‘How I got my First Client’ |
|
| We slashed our client base from 11,000 to 600 in order to make our business profitable: Vinod Jain |
| 06:39 Aug 02,2012 |
| Vinod Jain, known as the ‘king of SIPs’ in the distribution fraternity had to downsize his client base by parting with 10400 clients. Today he has been able to streamline his business by catering to a niche clientele with a minimum ticket size of Rs 25 lakh.
|
|
| IFAs link up with social media to popularise their services |
| 06:01 Jun 20,2012 |
| Advisors are using sites like Facebook and Twitter to rope in new clients, engage with existing clients and even catch up with their global counterparts. |
|
| Next Advisors platform allows IFAs to retain their brand identity |
| 01:51 Jun 11,2012 |
| Launched a year back, this platform claims to help IFAs scale up their business by cutting costs and saving time while their clients buy, redeem and switch seamlessly from the comfort of their home or office. |
|
| From an initial Rs 20,000, my first client’s portfolio is worth Rs 75 lakh! |
| 11:42 May 28,2012 |
| Owning up to your errors will cement an advisor-client relationship, says Shashi Verma, a Kolkata-based IFA. |
|
| 7 tips for effective communication with clients |
| 09:35 Oct 03,2011 |
| Being able to communicate effectively with clients is one of the key success factors for an IFA. Jayshree Pyasi gives you some powerful tips on effective communication. |
|
| ‘Articulating goals and facilitating their attainment is our be-all and end-all' |
| 10:14 Sep 06,2011 |
| In a market which lost a whopping 8% in a single month, Sumeet Vaid of Ffreedom Financials has added 40 clients. This is what differentiates a financial planner from a distributor |
|
| How is the bread buttered? |
| 06:17 Apr 22,2011 |
| Rajan Mehta, Executive Director, Benchmark AMC discusses the pros and cons of various models of compensation |
|
| National distributors on expansion mode |
| 01:52 Apr 12,2011 |
| Most of the national distributors plan to add new investment centers to penetrate the mutual fund industry |
|
| MF industry in talks with legal experts on trail nomination |
| 02:02 Apr 05,2011 |
| Ravi Samalad finds that the mf industry is trying to figure out how a nominee can be paid trail even if he or she is not an ARN holder |
|
| The Future of Investment Advisory Business |
| 02:10 Apr 02,2011 |
| Mr. Rajan Mehta, Executive Director, Benchmark AMC points to the long-term potential of the investment advisory business in India |
|
| Training crucial for distributors: Survey |
| 03:12 Feb 11,2011 |
| A majority of the IFAs feel that skill development and training provide a much needed edge to them while dealing with their clients |
|
| Opportunity Beyond Adversity |
| 01:20 Dec 06,2010 |
| Tensing Rodrigues says the changing environment presents new opportunities |
|
| The Metamorphosis of an IFA |
| 05:34 Oct 22,2010 |
| Tensing Rodrigues shows how IFAs can prosper and grow under the changed circumstances! |
|
| Know your new KYD norms |
| 05:02 Oct 11,2010 |
| Having difficulty in conforming to the new KYD norms? Here is a step-by-step guide |
|
| Change is unavoidable |
| 11:16 May 01,2013 |
| Intermediaries across the board need training on psychology, economics, technology and soft skills. |
|
| Unshackle the MF industry, simplify cumbersome procedures |
| 06:02 May 22,2012 |
| A number of steps need to be taken to simplify various procedures which are bogging down the industry, says Pune-based advisor Hemant Shah. |
|
| Portfolio lock-ins can benefit the entire MF industry |
| 03:59 Apr 27,2012 |
| Redemption of equity funds is going on unabated. Retail investors are fleeing the market. Here’s a simple solution for this issue. |
|
| Kolaveri Di - Advisor Version |
| 01:35 Jan 07,2012 |
| Jay Purohit, an IFA from Pondicherry has sent this hilarious version of Kolaveri Di. |
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| We want to remain an underdog! |
| 02:29 Nov 26,2010 |
| Vijai Mantri, MD & CEO of Pramerica Mutual Fund shares his plans and hopes |
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