| UTI, SBI have the highest proportion of B-15 towns AUM |
| 09:38 May 23,2013 |
| With 23.5% and 20.2% of their AUM coming from B-15 cities, UTI and SBI are the AMCs with the highest proportion of assets B-15 cities. |
|
| Fund houses acting faster to resolve investor complaints |
| 05:34 May 22,2013 |
| A high majority of complaints are resolved within 30 days. |
|
| 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. |
|
| US funds in vogue |
| 09:45 May 15,2013 |
| More fund houses rush to launch US based funds. |
|
| More fund houses see an opportunity in the small & mid cap space |
| 01:07 Apr 29,2013 |
| After IDFC launched IDFC Equity Opportunities Fund, three more fund houses are in line to launch small and mid-cap funds. |
|
| Fund houses want the ‘new cadre of distributors’ to sell more product categories |
| 09:48 Apr 26,2013 |
| Fund houses want liquid, MIPs and money market funds to be allowed to be sold through the new cadre of distributors. |
|
| 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. |
|
| 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. |
|
| Top fund houses see Rs 6407 crore increase in equity assets in FY 2012-13 |
| 10:21 Apr 13,2013 |
| HDFC, UTI and IDFC record highest gain in equity assets last fiscal; gains largely due to mark-to-market gains. |
|
| 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. |
|
| MF distributors await EUIN even as deadline ends |
| 11:22 Mar 31,2013 |
| Distributors seek extension of EUIN compliance deadline. |
|
| HDFC MF mops up highest collection in RGESS so far |
| 09:16 Mar 24,2013 |
| HDFC Mutual Fund has collected approximately Rs 108 crore with over 12000 applications. |
|
| 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. |
|
| Morningstar: HDFC is the best equity fund house, Birla Sun Life the best debt fund house |
| 09:28 Mar 21,2013 |
| UTI Equity Fund wins the best equity fund award while Birla Sun Life MMC Fund wins the best small/mid-capfund award. |
|
| Market is likely to move in line with earnings growth: Harsha Upadhyaya |
| 10:02 Mar 20,2013 |
| Harsha Upadhyaya – Sr. Vice President and Head of Equities at Kotak Mutual Fund expects corporate earnings to register double digit growth in FY 2013-14. |
|
| Mutual fund products will be labeled from 1stJuly |
| 04:40 Mar 19,2013 |
| Labeling of product intended to curb mis-selling. |
|
| Want to change your transaction charge status? Do it before March 25 |
| 07:03 Mar 17,2013 |
| Distributors wanting to either opt in or opt out of transaction charge (TC) have to inform CAMS till March 25. |
|
| 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. |
|
| AMCs report robust collection through RGESS |
| 09:21 Mar 11,2013 |
| DSP Black Rock and UTI Mutual Fund report decent collections. |
|
| 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. |
|
| 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. |
|
| RGESS is a 75,000 crore market: Sundeep Sikka |
| 08:28 Feb 20,2013 |
| HDFC & Reliance too launch RGESS |
|
| RGESS NFOs to be open for subscription for 30 days: SEBI |
| 12:35 Feb 07,2013 |
| SEBI has relaxed the new fund offer norms for Rajiv Gandhi Equity Savings Scheme. |
|
| Peerless AMC first to accept cash investments |
| 12:20 Feb 04,2013 |
| Peerless MF introduces cash investments facility in partnership with Allahabad Bank |
|
| Nudging the distributor |
| 02:43 Jan 31,2013 |
| Here is what a preliminary study of the new SEBI Investment Advisers regulations reveals |
|
| 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. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| 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 |
|
| Anoop Bhaskar is the best equity fund manager: Outlook Money Awards 2012 |
| 08:48 Dec 16,2012 |
| Anoop Bhaskar of UTI bagged the best equity fund manager award while Maneesh Dangi of Birla Sun Life walked away with the best debt fund manager award. |
|
| 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 |
|
| 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. |
|
| DSP BlackRock to foray in NPS |
| 05:44 Dec 02,2012 |
| The fund house has received an in-principle approval from PRDA to act as a fund manager for National Pension Scheme (NPS). |
|
| Reliance MF betting big on ETFs |
| 02:24 Nov 30,2012 |
| Reliance has filed offer documents with SEBI for launching three ETFs |
|
| 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. |
|
| 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. |
|
| ‘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. |
|
| Gold ETF trading volumes zooms on exchanges during Dhanteras |
| 03:30 Nov 12,2012 |
| NSE saw trading worth Rs 1337 crore while BSE records Rs 894 crore on Dhanteras. |
|
| 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. |
|
| BSE STAR MF to keep special trading session for Gold ETFs on Dhanteras |
| 04:09 Nov 06,2012 |
| Investors can trade in 14 Gold ETFs from 11 am to 3.30 pm |
|
| 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. |
|
| Parag Parikh Financial Advisory Services plans to empanel IFAs to reach investors |
| 11:31 Oct 28,2012 |
| The asset management company has received its license early this week. |
|
| Advisors find liquid funds an ideal entry point for first time MF investors |
| 12:15 Oct 25,2012 |
| Retail and HNI folios in liquid funds witness an increase, shows AMFI data |
|
| Quantum retains its existing expense ratios for all schemes |
| 11:28 Oct 19,2012 |
| All of quantum schemes will charge the same expense ratio as before. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| 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 |
|
| 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. |
|
| 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 |
|
| 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 announces steps to expand MF distributors force |
| 06:56 Sep 14,2012 |
| The regulator eases norms for retired officials to participate in the fund distribution space. |
|
| 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. |
|
| 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. |
|
| SBI AMC ties up with Ratnakar Bank to distribute its funds |
| 06:21 Sep 12,2012 |
| - |
|
| 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. |
|
| 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. |
|
| 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. |
|
| SEBI asks for more transparency on distributor inflows |
| 12:55 Sep 01,2012 |
| Fund houses will have to disclose gross inflow from each distributor |
|
| AMFI forms committee to draft white paper on retirement funds |
| 11:05 Aug 31,2012 |
| The committee is likely to give recommendations to replicate 401 k retirement plan in a mutual fund structure in India. |
|
| 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. |
|
| MF industry looks at ‘aggregator’ model to tap rural market |
| 01:40 Aug 26,2012 |
| Allowing cash may not be so attractive for investors if KYC norms still need to be complied with. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| Reliance Mutual Fund launches mobile investment facility |
| 10:50 Aug 13,2012 |
| Besides allowing investing in Reliance MF schemes the facility also provides inter-bank fund transactions. |
|
| 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 |
|
| Profit booking continues, equity mutual funds record Rs 804 crore net outflow in July |
| 07:23 Aug 10,2012 |
| The industry’s assets under management rose 6 % from Rs 6.88 lakh crore in June to Rs 7.30 lakh crore in July helped by inflows in income and liquid schemes. |
|
| 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). |
|
| 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. |
|
| 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. |
|
| IDBI MF unveils IDBI Gold Fund |
| 10:40 Jul 25,2012 |
| The NFO opens on 25 July and closes on 8th August |
|
| 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. |
|
| 7 lakh equity folios close, mainly due to scheme mergers and de-duplication |
| 06:46 Jul 18,2012 |
| Scheme mergers, de-duplication of folios to identify unique investors have led to an overall drop of close to five lakh folios in the last three months. |
|
| Thank you for making Cafemutual No. 2 globally! |
| 04:06 Jul 17,2012 |
| Your overwhelming response to www.cafemutual.com has made it the no. 2 site globally among all 43 B2B investment advisory news sites! |
|
| 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 |
|
| AMCs paid Rs 169 crore commission to their affiliates |
| 10:59 Jul 14,2012 |
| Affiliates continue to be top distributors for many AMCs |
|
| MF officials expect SEBI to hike expense ratio and allow fungibility soon |
| 06:58 Jul 12,2012 |
| Fund officials say there is very little chance of bringing back loads as consensus seems to elude most stakeholders. |
|
| DSP BlackRock Mutual Fund launches DSP BlackRock US Flexible Equity Fund |
| 12:17 Jul 12,2012 |
| The NFO opens on July 17, 2012 and closes on July 31, 2012. |
|
| 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 |
|
| FIFA takes up operational issues faced by IFAs with SEBI |
| 10:01 Jul 10,2012 |
| KYC, change of bank mandate are among the major challenges faced by IFAs |
|
| 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. |
|
| Reliance MF to launch a Retirement Fund, will others follow? |
| 08:31 Jul 02,2012 |
| Recently SEBI chief U K Sinha had urged fund houses to launch pension products. |
|
| TP Raman retires from Sundaram Mutual Fund |
| 12:22 Jun 22,2012 |
| Harsha Viji, current Deputy MD, to take over. |
|
| 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. |
|
| The 8th CII Mutual Fund Summit: Is there a Silver Lining? |
| 06:13 Jun 20,2012 |
| Excitement builds up once again as the regulators, industry executives, distributors and other key stakeholders deliberate on strategies and identify the opportunities that lie ahead for the MF industry at the 8th CII Mutual Fund Summit 2012. |
|
| Dormant status on account statements sows confusion among investors |
| 01:05 Jun 12,2012 |
| AMCs are looking at calling dormant accounts by another name. |
|
| Equity funds record inflows of Rs 506 crore in May after four months of net redemptions |
| 05:52 Jun 08,2012 |
| Gold ETFs, which have been seeing continuous inflows since December 2011, witnessed Rs 41 crore of net outflows last month. |
|
| IIFL launches IIFL Dividend Opportunities Fund |
| 09:40 Jun 06,2012 |
| The NFO opens on June 06 and closes on June 19, 2012 |
|
| 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. |
|
| 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. |
|
| 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. |
|
| Bank of India picks up 51% stake in Bharti AXA Mutual Fund |
| 04:56 May 08,2012 |
| Bharti Enterprises exits from the mutual fund business as Bank of India makes a re-entry. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| Distributors bank on Akshaya Tritiya as Gold ETFs glitter |
| 06:18 Apr 19,2012 |
| Advisors are expecting high demand for paper gold from investors during the auspicious occasion. |
|
| Standard Chartered & SBI opt out of transaction charges |
| 07:19 Apr 18,2012 |
| These banks were charging a transaction charge from their investors earlier but have opted out now. |
|
| 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 |
|
| 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… |
|
| 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. |
|
| CNBC-CRISIL Awards - HDFC is Best Equity, Best Fund House, Birla Best Debt Fund house |
| 09:22 Apr 01,2012 |
| 12th CNBC-TV18-CRISIL Mutual Fund of the Year Awards 2012 announced on Friday (March 30) in Mumbai. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| DSP BlackRock plans to launch DSPBR US Flexible Equity Fund |
| 01:39 Mar 10,2012 |
| The fund will invest in BlackRock Global Funds US Flexible Equity Fund. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| AMFI’s committee mulling ways to enhance customer engagement |
| 07:18 Feb 16,2012 |
| The committee is looking at various ways to enhance mutual fund investor’s engagement with the industry by strengthening investor communication. |
|
| 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. |
|
| HDFC and ICICI Pru win Morningstar Awards |
| 11:59 Feb 11,2012 |
| Morningstar awards HDFC the Best Equity and the Best Multi-asset Fund House Awards, ICICI Prudential the Best Debt Fund House |
|
| ICRA Awards: HDFC is best equity house, UTI best debt house |
| 02:59 Feb 09,2012 |
| The awards season kicked off with 9th Annual ICRA Mutual Fund Awards 2012 in Mumbai last evening. |
|
| Fidelity considering sale of Indian arm – reports |
| 11:05 Jan 31,2012 |
| A strategic review under way; all options open, says the fund house. |
|
| Venugopal joins L&T MF as head of equities |
| 01:46 Jan 31,2012 |
| M Venugopal, former co-head – equities at Tata Mutual Fund is said to be joining L&T Mutual Fund as its head of equities. |
|
| Reliance Any Time Money Card collects Rs. 1,500 crore |
| 11:39 Jan 26,2012 |
| The fund house has issued over 3 lakh ATM cards to investors so far. |
|
| Fund houses go all out to promote ELSS even as investor interest remains subdued |
| 11:18 Jan 25,2012 |
| Industry experts say a combination of factors has dampened investor enthusiasm for ELSS this year. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| Foreign fund houses looking to tie-up with Axis Mutual Fund |
| 01:16 Dec 21,2011 |
| The fund house may dilute some stake of Axis Bank and give it to the foreign partner |
|
| 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 |
|
| Canara Robeco stops commission to curb inflows in InDiGo Fund |
| 04:43 Dec 16,2011 |
| The fund house has stopped upfront and trail commission for fresh inflows in its open ended debt fund Indigo Fund |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| SEBI gives green signal to MFs to participate in corporate debt repos |
| 03:40 Nov 13,2011 |
| The move would give more liquidity and safety to portfolios during liquidity crunch but it does not necessarily translate into higher returns for investors |
|
| 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 |
|
| 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 |
|
| Now, get a common account statement every month |
| 11:21 Nov 05,2011 |
| From 10 December 2011, mutual fund investors will receive consolidated statements reflecting their holdings across fund houses |
|
| Fund houses in conundrum over disclosing distributor commissions |
| 03:55 Nov 03,2011 |
| Fund houses to seek clarity from the regulator on the format of disclosing commissions on their websites |
|
| UTI to involve IFAs in its investor education campaign - Swatantra |
| 07:14 Nov 01,2011 |
| 1000 plus IFAs will be actively involved in conducting this campaign in tier II and tier III cities |
|
| 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 |
|
| Retail equity investment holding slips 15%: AMFI |
| 02:22 Oct 27,2011 |
| The aggregate holding of retail equity assets plummet to Rs. 1.27 lakh crore in September 2011, down 15% from Rs. 1.49 lakh crore in September 2010 |
|
| AMCs tie-up with IFAs for investor awareness campaign |
| 10:16 Oct 25,2011 |
| New marketing techniques adopted by IFAs for expanding their clientele |
|
| UTI introduces exit load in Money Market Fund |
| 01:21 Oct 24,2011 |
| 0.50% exit load to apply on redemptions within 3 days |
|
| 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 |
|
| Debt schemes add 3.83 lakh folios |
| 09:13 Oct 13,2011 |
| Gold ETFs add more than one lakh folios as the rush of new gold funds continue |
|
| MF industry AUM dips 8% in September 2011 |
| 09:20 Oct 12,2011 |
| Equity funds record inflows of Rs. 1401 crore; gold ETFs continue to glitter |
|
| AMFI’s MF Utility platform to bring in operational ease for distributors |
| 05:47 Oct 10,2011 |
| Competition in the online platform heats up as several players eye a share of the market |
|
| Principal introduces exit load in Income Fund –Long Term |
| 02:10 Oct 07,2011 |
| 1% exit load to apply on redemptions within 1 year |
|
| 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 |
|
| 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 |
|
| Capital protection funds flood the MF market |
| 04:43 Sep 20,2011 |
| AMCs looking at launching capital protection oriented funds |
|
| 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 |
|
| ING introduces exit load in Short Term Income Fund |
| 02:06 Sep 19,2011 |
| 0.75% exit load to apply on redemptions within 9 months |
|
| AMFI’s mutual fund ad campaign to break on September 19 |
| 09:22 Sep 18,2011 |
| The budget for the month long campaign is Rs 8 crore |
|
| No transaction fee to brokers for SE platforms? |
| 06:16 Sep 18,2011 |
| Brokerage houses may not get any transaction fee for any investments made through Star and MFSS platforms |
|
| Rating agency to construct new benchmarks for debt funds |
| 09:58 Sep 14,2011 |
| AMFI is in talks with rating agencies to construct new benchmarks to enable fund houses to comply with the new guideline on performance disclosure in advertisements. |
|
| 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 |
|
| Sundaram MF plans to launch Sundaram Select Micro Cap Fund |
| 09:54 Sep 07,2011 |
| The fund house has an filed offer document with SEBI to launch a five year close-ended Micro Cap Fund- Series I |
|
| Peerless MF launches Peerless Equity Fund |
| 09:51 Sep 07,2011 |
| Peerless Mutual Fund has launched its first pure equity fund called “Peerless Equity Fund”, an open ended equity scheme |
|
| Baroda Pioneer MF plans to launch Gold & Mining Fund |
| 12:04 Sep 03,2011 |
| The fund house has filed offer document with SEBI to launch its Baroda Pioneer Global Equity - Gold & Mining Fund and Baroda Pioneer Gold Fund |
|
| Sanjay Sinha quits L&T Mutual Fund |
| 01:55 Sep 02,2011 |
| Ashutosh Bishnoi will head the operations of L&T MF till the panel shortlists a new CEO |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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. |
|
| 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 |
|
| Pramerica increases exit load in Short Term Income Fund |
| 02:02 Aug 01,2011 |
| Pramercia to charge 0.5% as exit load for redemptions within 6 months |
|
| 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 |
|
| 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 |
|
| JM introduces exit load in JM Short Term Plan |
| 03:08 Jul 26,2011 |
| JM Mutual Fund starts charging exit load of 0.25 percent in Short Term Plan |
|
| DSP BlackRock MF launches ‘My Target Value Savings Account’ |
| 05:04 Jul 25,2011 |
| The tool will allow investors and their advisors to do goal-based investing and monitor it. The fund house will soon launch Retirement and Child Savings Account as well. |
|
| No exit load in IDFC Nifty Fund |
| 01:57 Jul 23,2011 |
| IDFC Mutual Fund has waived exit load under IDFC Nifty Fund |
|
| 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 |
|
| 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 |
|
| Taurus introduces exit load in Nifty Index Fund |
| 11:43 Jul 15,2011 |
| Taurus Mutual Fund starts charging exit load in Nifty Index Fund |
|
| 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 |
|
| JP Morgan India Active Bond Fund exit load increased |
| 04:51 Jul 07,2011 |
| JP Morgan increases exit load in Active Bond Fund to 0.50% from 0.25% |
|
| 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 |
|
| ICICI Prudential Short Term Plan exit load increased |
| 01:53 Jul 05,2011 |
| ICICI Prudential Mutual Fund increases exit load in Short Term Plan to 0.50% from 0.25% |
|
| MF industry grows 6% in April - June 2011 |
| 04:00 Jul 04,2011 |
| Industry AUM goes up despite a fall in markets in the first quarter of 2011-12 |
|
| ING MF reduces exit load in two plans |
| 02:09 Jun 30,2011 |
| ING Mutual Fund reduces exit load under ING Optimix Financial Planning Fund |
|
| Online investment platforms wooing IFAs - Part II |
| 10:53 Jun 29,2011 |
| In this II part of the article on online platforms, Ravi Samalad takes a look at iFAST and reviews IFA concerns about these platforms |
|
| 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 |
|
| Online investment platforms wooing IFAs |
| 02:24 Jun 27,2011 |
| Online investment platforms like iFAST and Mywealthadvisor are looking to partner with IFAs |
|
| Deutsche Mutual Fund increases exit load in Premier Bond Fund |
| 10:58 Jun 24,2011 |
| Deutsche MF revises its Premier Bond Fund exit load and minimum investment amount |
|
| SIPs are the ‘flavour of the season’ |
| 02:35 Jun 24,2011 |
| SIPs continue their rapid growth rate in 2011, with fund houses signing new SIPs every month, even as the equity markets are sliding |
|
| Fidelity Ultra Short Term Debt Fund exit load increased |
| 02:15 Jun 23,2011 |
| Fidelity Mutual Fund increases exit load in Fidelity Ultra Short Term Debt Fund to 0.50% from 0.10% |
|
| SEBI to regulate distributors; to begin with large distributors |
| 06:00 Jun 23,2011 |
| The regulator may ask for information related to sales practices followed by these distributors |
|
| CII Mutual Fund Summit 2011 - Update |
| 02:32 Jun 22,2011 |
| A slew of announcements were made concerning distributors and investors at the seventh edition of the CII Mutual Fund Summit 2011 |
|
| HDFC Floating Rate Income Fund- Long Term Plan exit load reduced |
| 10:51 Jun 21,2011 |
| HDFC Mutual Fund reduces exit load in HDFC Floating Rate Income Fund- Long Term Plan to 2% from 3% |
|
| 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 |
|
| ICICI Prudential Mutual Fund increases exit load in Ultra Short Term Fund |
| 04:00 Jun 16,2011 |
| ICICI Prudential revises its Ultra Short Term Fund exit load and minimum subscription amount |
|
| AMFI to launch a call centre to educate potential investors about MFs |
| 05:32 Jun 13,2011 |
| The BPO will address investor queries about mutual fund products |
|
| MFs against tied agent model |
| 09:39 Jun 10,2011 |
| Tied agency model would restrict investor’s choice and can increase mis-selling |
|
| MF investor complaints drop in 2011 |
| 11:07 Jun 08,2011 |
| The number of investor grievances drop significantly in 2011 compared to last year on account of low transaction volumes and fewer NFOs |
|
| 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 |
|
| Mobile transaction applications yet to catch the fancy of MF investors |
| 02:50 Jun 07,2011 |
| Absence of secured payment gateway makes investors wary of investing through cell phones but MFs see a huge potential going ahead |
|
| Pramerica introduces exit load in Treasury Advantage Fund |
| 10:55 Jun 07,2011 |
| Pramerica Mutual Fund begins charging exit load in Treasury Advantage Fund |
|
| Fidelity MF awarded ‘Best Fund House - Equity’ |
| 02:17 Jun 06,2011 |
| Fidelity Mutual Fund has won the ‘Best Fund House over the past three years” award in the equities category in the Lipper Fund Awards 2011 |
|
| 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 |
|
| Fund officials allege distributors flouting ARN guideline |
| 04:49 Jun 02,2011 |
| AMFI has asked national distributors and banks advising mutual funds to furnish employee registration status to make sure that they comply with AMFI ARN registration rule |
|
| 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 |
|
| Union KBC plans to launch six funds this year |
| 09:49 May 24,2011 |
| The fund house plans to collect Rs. 600 crore in equity assets by the end of this fiscal |
|
| 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 |
|
| Principal Pnb MF to launch retirement wealth advisory firm this fiscal |
| 10:37 May 13,2011 |
| Sudipto Roy, the former Business Head of Principal Pnb Mutual Fund will head the new retirement planning firm |
|
| 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 |
|
| Axis Mutual Fund on an ETF spree |
| 05:44 May 09,2011 |
| The fund house has filed four offer documents with SEBI to launch ETFs linked to banking, metal, FMCG and energy |
|
| RBI rule on liquid funds to hit MFs revenue |
| 09:07 May 09,2011 |
| The asset size of fund houses having sizeable corpus in liquid schemes will slump and could dent the industry revenues |
|
| Gold ETF turnover touches Rs 480 crore |
| 10:59 May 09,2011 |
| The auspicious day of Akshaya Tritiya saw trading volumes spurt on both the exchanges |
|
| SAT raps HSBC MF for alleged violation of SEBI rules |
| 03:45 May 05,2011 |
| HSBC MF had changed the fundamental attributes of the scheme without providing investors an exit option |
|
| 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 |
|
| Sundaram unveils Sundaram Equity Plus Fund |
| 11:16 May 04,2011 |
| The scheme will invest 65 per cent in equity and up to 35 per cent in gold ETFs which have a sizeable AUM |
|
| 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 |
|
| 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 |
|
| ICICI Prudential Short Term Plan exit load reduced |
| 10:59 May 02,2011 |
| ICICI Prudential Mutual Fund reduces exit load in Short Term Plan to 0.25% from 0.50% |
|
| Kotak MF increases exit load in Equity Arbitrage Fund |
| 11:12 May 02,2011 |
| Kotak Mutual Fund increases exit load under Kotak Equity Arbitrage Fund |
|
| Canara Robeco Short Term Fund exit load increased |
| 11:14 May 02,2011 |
| Canara Robeco Mutual Fund increases exit load in Short Term Fund to 0.50% from 0.25% |
|
| DSP BlackRock MF plans to launch more international funds |
| 06:32 Apr 30,2011 |
| The fund house has sought SEBI approval to launch three international fund of funds; plans to bring more of its global funds to India |
|
| More gold funds in the pipeline |
| 06:14 Apr 22,2011 |
| Even as the NFO of Birla Gold ETF opens on April 25, Axis and Religare file offer documents with SEBI to launch gold fund of funds |
|
| 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 |
|
| 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 |
|
| Escorts MF revises exit load in two schemes |
| 03:57 Apr 13,2011 |
| Escorts Mutual Fund revises exit load under Income Bond Fund and Gilt Plan |
|
| 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 |
|
| ICICI Prudential introduces exit load in Top 100 Fund |
| 11:55 Apr 11,2011 |
| ICICI Prudential Mutual Fund starts charging exit load in Top 100 Fund |
|
| AAUM of MF industry increased by 4 per cent in the last quarter |
| 03:51 Apr 06,2011 |
| The AAUM of the mutual fund industry witnessed a marginal increase of 3.75 per cent to Rs. 7, 00,538 crore during January-March 2011 |
|
| 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 |
|
| Fund houses say shifting to monthly trail payout a possibility |
| 05:35 Mar 31,2011 |
| UTI Mutual Fund and Sundaram MF currently incentivize their distributors every month. More fund houses are likely to follow suit if demand from distributors persist |
|
| IDBI Short Term Bond Fund exit load reduced |
| 10:41 Mar 28,2011 |
| IDBI Mutual Fund reduces exit load in Short Term Bond Fund |
|
| AMCs to seek SEBI sanction for utilizing UID database |
| 09:58 Mar 25,2011 |
| If SEBI gives the go ahead it may eliminate the need of KYC for mutual fund investments but it’s still a long road ahead |
|
| 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 |
|
| ICICI Prudential Ultra Short Term Plan exit load reduced |
| 12:00 Mar 24,2011 |
| ICICI Prudential Mutual Fund reduces exit load in Ultra Short Term Plan |
|
| 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 |
|
| ELSS gets a lukewarm response |
| 05:48 Mar 17,2011 |
| ELSS have not been able to generate adequate investor interest this year due to lackluster returns |
|
| Deutsche Money Plus Fund exit load reduced |
| 02:33 Mar 16,2011 |
| Deutsche Mutual Fund reduces exit load in Deutsche Money Plus Fund |
|
| 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 |
|
| Franklin’s Family Solutions tool to empower distributors |
| 06:54 Mar 11,2011 |
| Distributors will now have a tool to help construct a portfolio of schemes to reach the investor’s goals |
|
| SBI revises exit load in Magnum Income Fund- FRP- Savings Plus Bond |
| 12:33 Mar 10,2011 |
| SBI Mutual Fund revises exit load in Magnum Income Fund – Floating Rate Plan – Savings Plus Bond |
|
| 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 |
|
| Equity inflows improve further in February |
| 09:03 Mar 09,2011 |
| The assets under management of the industry breaches Rs 7 lakh crore mark in February 2011 |
|
| Birla Sun Life revises exit load in Short Term Opportunities Fund |
| 02:46 Mar 09,2011 |
| Birla Sun Life Mutual Fund revises exit load in Short Term Opportunities Fund |
|
| Reliance collects approx Rs 500 crore from gold savings fund |
| 11:25 Mar 08,2011 |
| Reliance MF’s latest offering Reliance Gold Savings Fund has mopped up around Rs 500 crore approximately during its NFO |
|
| Canara Dynamic Bond Fund exit load revised |
| 02:16 Mar 07,2011 |
| Canara Robeco Mutual Fund revises exit load in Canara Dynamic Bond Fund |
|
| 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 |
|
| AMFI revises self certification format for intermediaries |
| 04:27 Mar 04,2011 |
| Distributors are required to send self-certification forms to RTAs |
|
| 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 |
|
| IDFC Saving Advantage Fund exit load revised |
| 10:49 Mar 03,2011 |
| IDFC Mutual Fund revises exit load in IDFC Saving Advantage Fund |
|
| The budget is mildly positive |
| 01:30 Mar 01,2011 |
| Anoop Bhaskar, Head- Equity, UTI MF, says the 2011-12 budget is mildly positive but crude oil at $100 per barrel could cap the equity market rally |
|
| Axis reduces exit load period in Short Term Fund |
| 12:45 Mar 01,2011 |
| Axis Mutual Fund reduces exit load period in Axis Short Term Fund |
|
| DSP BlackRock MF increases exit load in two schemes |
| 02:57 Feb 23,2011 |
| DSP BlackRock Mutual Fund has increased exit load under Bond Fund and Short Term Fund |
|
| It’s HDFC MF yet again at CNBC-CRISIL Awards! |
| 03:04 Feb 22,2011 |
| It has been a stellar year for HDFC Mutual Fund which made its presence felt at all the award shows this year |
|
| Deutsche Short Maturity Fund exit load revised |
| 12:29 Feb 18,2011 |
| Deutsche Mutual Fund revises exit load in DWS Short Maturity Fund |
|
| 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 |
|
| It's HDFC again at Morningstar Awards! |
| 04:07 Feb 11,2011 |
| HDFC won the best multi-asset and best equity fund house awards at the Morningstar funds awards show held in Mumbai |
|
| Taurus MF revised exit load in two schemes |
| 02:32 Feb 11,2011 |
| Taurus Mutual Fund revises exit load under Bonanza Fund and MIP Advantage Fund |
|
| Birla Dynamic Bond Fund exit load revised |
| 02:46 Feb 10,2011 |
| Birla Sun Life Mutual Fund revises exit load in Birla Dynamic Bond Fund |
|
| NO results are found. |
|
|
|
| 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 |
|
| IDFC Ultra Short Term Fund exit load revised |
| 11:39 Feb 07,2011 |
| IDFC Mutual Fund revises exit load in IDFC Ultra Short Term Fund |
|
| SEBI nudges trustees to get active |
| 07:18 Feb 07,2011 |
| Capital market regulator SEBI is trying to put responsibility on the trustees of mutual funds |
|
| Birla Sun Life offers pension to distributors |
| 02:24 Feb 04,2011 |
| Birla Sun Life Mutual Fund is seeking to build loyalty among distributors; it has begun offering a contributory pension benefit to select distributors |
|
| HDFC MF gets best equity fund house award |
| 10:10 Feb 03,2011 |
| HDFC Mutual Fund walks away with 16 awards while Reliance MF gets the best Debt Fund House award |
|
| Axis launches Midcap Fund |
| 11:54 Feb 02,2011 |
| Axis Mutual Fund has launched its third equity fund called Axis Midcap Fund, an open ended scheme. |
|
| 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. |
|
| It’s raining commissions on ELSS |
| 10:56 Jan 29,2011 |
| Mutual funds are offering high upfront commission to distributors for getting investments in ELSS products |
|
| Pramerica reduces load in two schemes |
| 11:50 Jan 25,2011 |
| Pramerica Mutual Fund reduces exit load under Equity Fund and Dynamic Fund |
|
| Religare Active Income Fund exit load revised |
| 10:48 Jan 21,2011 |
| Religare Mutual Fund revises exit load in Religare Active Income Fund |
|
| Hitungshu Debnath joins Tata Mutual Fund |
| 12:30 Jan 20,2011 |
| Hitungshu Debnath is joining as head of sales and marketing at Tata Mutual Fund |
|
| SBI MF to have robust IFA portal |
| 11:24 Jan 19,2011 |
| The second phase of its new website focused on distributors is set to be launched in March |
|
| Fidelity unveils India Children’s Plan |
| 03:36 Jan 18,2011 |
| Fidelity Mutual Fund on Monday launched its open-ended hybrid fund named Fidelity India Children’s Plan consisting of three plans focused on education, marriage and savings |
|
| Fee to replace upfront commission |
| 12:01 Jan 17,2011 |
| AMFI is working on a model wherein investors will pay a charge to distributors instead of upfront commission from MFs |
|
| Motilal Oswal MOSt M100 ETF |
| 01:09 Jan 17,2011 |
| Motilal Oswal Mutual Fund has launched MOSt Shares M100 ETF, an open ended index exchanged traded scheme. |
|
| MFs should study successful IFAs |
| 03:29 Jan 14,2011 |
| Bhave wants fund houses to draw lessons from distributors who have succeeded despite abolition of entry load |
|
| IDFC introduces exit load in Nifty Fund |
| 12:29 Jan 13,2011 |
| IDFC Mutual Fund starts charging exit load in Nifty Fund |
|
| 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 |
|
| 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 |
|
| Ruchir Parekh quits AIG MF |
| 03:26 Jan 10,2011 |
| Fixed income fund manager Ruchir Parekh resigns from AIG Mutual Fund |
|
| SEBI frets at rating agency awards |
| 03:29 Jan 08,2011 |
| SEBI wants mutual funds to evolve a common policy for ensuring arm’s length relationship with rating agencies |
|
| Investors rush for KYC compliance |
| 09:33 Jan 07,2011 |
| There is a ten-fold rise in KYC applications by investors; mutual fund transactions drop for want of KYC compliance |
|
| IDFC Monthly Income Plan exit load reduced |
| 02:42 Jan 06,2011 |
| IDFC Mutual Fund reduces exit load in IDFC Monthly Income Plan to 1% from 1.5% |
|
| Axis revises exit load in Short Term Fund |
| 11:10 Jan 05,2011 |
| Axis Mutual Fund revise exit load in Short Term Fund |
|
| Bharti AXA changes exit load in Short Term Income Fund |
| 11:55 Jan 04,2011 |
| Bharti AXA changes exit load in Short Term Income Fund |
|
| Deepak Kumar Chatterjee next MD of SBI MF |
| 11:04 Jan 04,2011 |
| Mr. Gupta, the current MD & CEO is set to join SBI Bank |
|
| Edelweiss hikes exit load in Diversified Growth Equity Top 100 fund |
| 12:17 Jan 01,2011 |
| Edelweiss Mutual Fund hikes exit load in Diversified Growth Equity Top 100 Fund |
|
| Edelweiss hikes exit load in Diversified Growth Equity Top 100 fund |
| 10:34 Jan 01,2011 |
| Edelweiss Mutual Fund hikes exit load in Diversified Growth Equity Top 100 Fund |
|
| Rapid churn among fund managers |
| 02:43 Dec 30,2010 |
| More than the pressure to perform, greater opportunities in a booming market make fund managers to move |
|
| 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 |
|
| IFAs welcome regulation |
| 12:20 Dec 23,2010 |
| An overwhelming majority of IFAs want regulation to be framed for them so that their business environment gets better. Also, IFAs feel industry was not supportive enough, reveals Cafemutual survey. Read on for more interesting findings |
|
| 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 |
|
| Goldman Sachs MF launch in 2011 |
| 11:54 Dec 21,2010 |
| Goldman Sachs, one of the top 10 assets managers globally, is likely to launch mutual fund business in India in 2011 |
|
| SEBI takes up investor complaints |
| 01:04 Dec 20,2010 |
| SEBI met MF CEOs last week to discuss investor complaints. AMFI has set up a committee to look into the issue |
|
| L&T MF pays fine in front-running case |
| 02:59 Dec 17,2010 |
| SEBI accepted L&T Mutual Fund’s plea for a fine of Rs 10 lakh for front-running by one of its employees |
|
| 30% of liquid schemes redeemed |
| 03:31 Dec 17,2010 |
| MFs faced redemptions of more than Rs. 30,000 crore in liquid schemes as large investors withdrew to pay advance tax |
|
| L&T MF fined in front-running case |
| 03:48 Dec 17,2010 |
| SEBI accepted L&T Mutual Fund’s plea for a fine of Rs 10 lakh for front-running by one of its employees |
|
| Sanjay Sachdev named TATA MF CEO |
| 01:00 Dec 16,2010 |
| Tata Mutual Fund gets a new CEO two months after Ved Prakash Chaturvedi quit |
|
| MFs to track investments by politicians |
| 05:42 Dec 14,2010 |
| MFs to start monitoring investments by politicians and their close associates from January 1, 2011 |
|
| 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 |
|
| Birla, Franklin, Pramerica, DWS file documents for debt funds |
| 06:32 Dec 09,2010 |
| Four fund houses - Birla Sun Life Mutual Fund, Pramerica Mutual Fund, Franklin Templeton Mutual Fund and DWS (Deutsche) Mutual Fund have filed offer documents with SEBI for launch of new debt schemes. |
|
| MFs facilitate mobile transactions |
| 05:20 Dec 09,2010 |
| Reliance MF, UTI MF, Birla Sun Life MF and HDFC MF allow buying of units through mobile handsets |
|
| November was a better month for MFs |
| 10:22 Dec 08,2010 |
| The assets under management of the mutual fund industry witnessed a marginal increase of 2.43 per cent to Rs. 6,65,286 crore |
|
| Reliance on an investor awareness drive |
| 06:14 Dec 08,2010 |
| Investor awareness continues to be the mantra for asset management companies to reach out to investors |
|
| IRDA to slow changes, report |
| 10:52 Dec 06,2010 |
| IRDA has told life insurers that major regulatory changes have already happened. In 2011, the changes would be fewer |
|
| 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. |
|
| RTAs conduct investor survey on common account statements |
| 02:29 Dec 03,2010 |
| The findings will be shared with AMFI, SEBI and all the fund houses and a final decision will be taken thereafter |
|
| Reliance, JP Morgan, Motilal Oswal file drafts for international funds |
| 05:16 Dec 02,2010 |
| Reliance MF, JP Morgan MF and Motilal Oswal MF have filed draft offer documents with SEBI to launch international funds. These offers will once again test the appetite for international funds as the response so far has not been encouraging. |
|
| 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. |
|
| Fidelity launches Fidelity Short Term Income Fund |
| 06:08 Nov 26,2010 |
| Fidelity Mutual Fund has launched an open-ended income scheme called Fidelity Short Term Income Fund. |
|
| 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 |
|
| MFs against removal of exit load |
| 10:09 Nov 19,2010 |
| Bharti AXA and SBI have scrapped exit loads on some of their equity schemes. But it is unlikely to become a trend |
|
| Shariah Funds: An overlooked opportunity |
| 10:34 Nov 18,2010 |
| Shariah Funds present a great opportunity to Indian fund houses to meet the needs of those domestic and foreign investors who like to make investments that comply with Shariah, says Khozema Dhanerawala |
|
| 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 |
|
| Quarterly AUM can still camouflage real status |
| 11:03 Nov 03,2010 |
| Mutual fund officials say the move to disclose AUM every quarter instead of every month might end the race for AUM rankings. But they also point to the fact that it would still not present the correct picture of a fund house, says Ravi Samalad. |
|
| ETFs have a long way to go |
| 05:16 Oct 28,2010 |
| Lower commissions, inadequate hedging options and lack of Authorised Participant interest remain areas on concern, finds team Cafemutual |
|
| 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 |
|
| SEBI wants investors to have an exit option in fund of funds |
| 04:37 Aug 10,2010 |
| SEBI has asked the fund houses offering the fund of funds schemes to clarify to investors the expens |
|
| 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. |
|
| The business of FMPs |
| 05:37 Jan 01,1900 |
| Why some fund houses don’t launch FMPs? |
|
| Distributor commission restructured by top AMCs |
| 07:00 Jan 01,1900 |
| AMCs take new initiatives to expand their reach beyond top 15 cities. |
|
| 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. |
|
| Inflation index bond market should be accessible and liquid: Killol Pandya |
| 09:23 May 19,2013 |
| Killol Pandya, Senior Fund Manager – Debt, LIC Nomura Mutual Fund says that the ticket size, accessibility and liquidity should be goodin order to attract retail investors towards inflation index bonds. |
|
| 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 |
|
| 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. |
|
| 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. |
|
| 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. |
|
| Industry is moving from products to offering solutions: Himashu Vyapak |
| 07:48 Jan 07,2013 |
| In a two part interview with Cafemutual, Himanshu Vyapak, Deputy CEO, Reliance Mutual Fund shares his plans for the fund house in 2013.
|
|
| ‘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. |
|
| ‘AMC’s risk management team should have teeth’ says Pankaj Sharma, DSP BlackRock Investment Managers |
| 10:18 Aug 07,2012 |
| Pankaj Sharma, Executive Vice President - Head of Business Development & Risk Management at DSP BlackRock Investment Managers provides an insightful perspective on the risk management practices. |
|
| 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. |
|
| Keep it simple and invest in high quality: Dhawal Dalal, DSP BlackRock |
| 12:23 Jun 22,2012 |
| Dhawal Dalal, Head–Fixed Income at DSP BlackRock Investment Managers Pvt Ltd says that advisors and investors need to focus on high quality and keep things simple for success in debt investments. |
|
| 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. |
|
| Our mission is to be a federation of all IFAs: Dhruv Mehta, FIFA |
| 10:17 May 24,2012 |
| In the final part of a two-part interview, Dhruv Mehta, FIFA chairman and Yogesh Sharma, founding member, discuss the future roadmap for the association. |
|
| 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. |
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| 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. |
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| ‘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. |
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| ‘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. |
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| 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. |
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| ‘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 |
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| 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 |
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| IDBI to launch active funds: Debasish Mallick |
| 05:45 Sep 20,2011 |
| The newly appointed MD & CEO of IDBI MF, Debasish Mallick discusses the challenges that lie ahead with Jayshree Pyasi and Ravi Samalad. |
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| ‘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 |
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| 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 |
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| Micro SIPs in vogue? |
| 03:44 Apr 09,2011 |
| Mutual funds are allowing SIPs with amounts as low as Rs. 50 in a bid to reach out to masses and shore up their assets under management |
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| Overseas funds see an improvement in performance |
| 03:01 Mar 30,2011 |
| There has been a rush of international funds lately but due to a number of reasons, they are yet to catch investors fancy |
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| Marketing Child Plans is no child’s play for fund houses |
| 02:22 Mar 28,2011 |
| Lackluster performance of child schemes by mutual funds and aggressive push from insurance child plans are responsible for the slow take off of schemes targeted at children by mutual fund houses |
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| 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 |
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| MFs rush to launch gold funds to catch retail investors |
| 02:57 Mar 03,2011 |
| UTI MF is set to launch its UTI Master Gold Fund while Benchmark MF has filed an offer document to launch its gold fund of fund |
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| 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 |
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| Public sector MF assets fall sharply |
| 10:49 Feb 09,2011 |
| Public sector MFs have a little over 20 per cent market share but they accounted for 72 per cent of the fall in the industry AUM in the nine months ended Dec 31, 2010 |
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| Tight liquidity hits flow into MFs |
| 11:57 Jan 21,2011 |
| Liquid schemes in December 2010 saw net outflows (of Rs 12,500 crore) for the first time in a year |
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| 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 |
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| MF assets shrink 5.31% in Oct-Dec |
| 05:21 Jan 04,2011 |
| The average AUM of mutual funds is down 19 per cent from the peak of Rs 8, 03,559 crore in May 2010 |
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| Tiny schemes left in the lurch |
| 06:06 Dec 28,2010 |
| 14 schemes have AUM of less than Rs 1 crore |
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| 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 |
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| Private sector has 80% share |
| 03:08 Nov 23,2010 |
| Private sector dislodges public sector; Most public sector funds have withered |
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| 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. |
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| 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. |
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| FMPs attracting lot of retail investors |
| 03:29 Jan 01,1900 |
| Retail investors get attracted to FMPs as interest rates rise and equity markets turn volatile; FMP collections in 2010 crossed Rs 72,601 crore, up from Rs 10,502 a year ago |
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| Continuing our series on ‘Challenges faced by IFAs’ |
| 06:16 Nov 06,2012 |
| Himanshu Dani has overcome the challenge of making clients realise the need for financial planning |
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| What to tell your prospective clients before onboarding them? |
| 06:39 Oct 30,2012 |
| A quick guide to help you make the right connection and build the right chemistry with your prospective clients. |
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| 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. |
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| 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. |
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| Post the entry load ban, Yogin Sabnis had to rework his business model |
| 11:36 Sep 05,2012 |
| Continuing our series on ‘Challenges faced by IFAs’… |
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| 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.
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| 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. |
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| 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. |
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| Should you recommend five-star rated funds? |
| 07:15 May 21,2012 |
| Distributors should do their own due diligence and not merely recommend top-rated funds. |
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| Getting your client to invest for his children’s future |
| 06:01 Mar 28,2012 |
| Fortunately, quality education is still affordable in India. But are you confident to earn your client enough funds so he can gift his child the perfect education and career, 20 years down the line? |
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| From a failed product pusher to a financial planning guru |
| 12:47 Oct 25,2011 |
| Network FP's first annual conference attracted the top 140 practicing fee based financial planners |
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| Comprehensive checklists before you recommend a fund or construct a portfolio |
| 03:03 Sep 05,2011 |
| Before we recommend a fund, construct or review our client’s portfolio, Here’s a comprehensive checklist prepared by Shifali Satsangee of Funds Vedaa |
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| 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 |
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| 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 |
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| How to select a fund manager |
| 05:05 Jan 19,2011 |
| Choose a fund manager with consistent investment philosophy and commitment to the funds he or she manages |
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| 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 |
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| How to calculate tax on mutual funds? |
| 05:51 Feb 21,2013 |
| Melvin Joseph of Finvin Financial Planners explains the applicability and calculation of taxes on different fund categories. |
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| What does a distributor want from a manufacturer? |
| 05:42 Nov 01,2012 |
| Ritesh Sheth of Tejas Consultancy presents his charter of expectations from fund houses |
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| Distributor needs to find a niche |
| 05:09 Feb 24,2011 |
| Rajiv Anand, MD & CEO of Axis MF, says the distribution business is evolving and points to some distributors having fee charts for various services they offer |
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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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| SEBI doesn’t trust MFs, says Kudva |
| 02:38 Nov 26,2010 |
| MF industry has been hit hard by the abolition of entry loads, says Vivek Kudva of Franklin Templeton |
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| Distributors to benefit from regulation |
| 02:58 Nov 26,2010 |
| V Ramesh, Deputy CEO of AMFI, has a word of cheer for distributors |
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