| MF industry AUM up 18 percent in April |
| 12:53 May 12,2013 |
| Robust inflows in income and liquid funds push industry’s AUM 18 percent from Rs 7.01 lakh crore in March to Rs 8.25 lakh crore in April |
|
| AKIFAA to hold meeting to formulate a national level IFA federation on May 11 |
| 08:31 May 06,2013 |
| General Secretary of AKIFAA has appealed to the associations to participate in the meeting and form a pan-India body representing IFAs across the country. |
|
| Retail investors flee equity funds, lap up debt funds |
| 09:01 May 05,2013 |
| More than 6.50 lakh new retail folios were added in debt funds in FY 2012-13. |
|
| What’s in a name? |
| 08:59 May 05,2013 |
| Distributors, investment advisors, financial planners, wealth managers…. Very often the advisor fraternity uses these labels freely and interchangeably. However, each of these labels implies a different model and skills set. |
|
| 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. |
|
| AMFI to hire CEOs to run MF Utility and SRO |
| 09:29 Apr 14,2013 |
|
AMFI is seeking candidates who have a minimum 15 years of experience in financial services. |
|
| 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. |
|
| Equity mutual funds receive net inflows of Rs 514 crore in March |
| 11:36 Apr 10,2013 |
| Net outflows from equity funds reach Rs 12931 crore in FY 2012-13 compared to net inflows of Rs 264 crore the previous year. |
|
| 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. |
|
| AMFI extends EUIN deadline to June 1 |
| 05:42 Apr 03,2013 |
| The deadline for transactions originating from SMS, stock exchange platform, ATM, call center, has been extended to August 1. |
|
| Now MF distributors’ nominees can get commissions without ARN |
| 09:28 Apr 02,2013 |
| Nominees of mutual fund distributors can now get commissions on ongoing SIP transactions and they need not hold ARN license. |
|
| MF distributors await EUIN even as deadline ends |
| 11:22 Mar 31,2013 |
| Distributors seek extension of EUIN compliance deadline. |
|
| 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. |
|
| Equity redemptions slow down as markets slide |
| 05:05 Mar 13,2013 |
| Equity mutual fund redemptions decelerate in February as S&P BSE Sensex dips more than 1000 points. |
|
| AMFI advertising campaign has a second innings |
| 10:43 Mar 12,2013 |
| AMFI had run the first campaign in September 2011.
|
|
| UTI MF ropes in over 500 new cadre of distributors |
| 09:35 Mar 05,2013 |
| Other AMCs too are actively looking for the new cadre of distributors |
|
| MF distributors not keen to take up stock exchange membership |
| 10:44 Mar 03,2013 |
| Distributors are looking forward to MF Utility platform. |
|
| MF Utility portal to be a reality soon |
| 09:17 Feb 27,2013 |
| AMFI has initiated the process of forming a company to run MF Utility. |
|
| 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. |
|
| Morgan Stanley launches Gilt Fund |
| 11:57 Feb 14,2013 |
| Expectation of softening interest rate regime is fuelling interest in the gilt funds category. |
|
| AMFI relaxes ARN registration norms for new cadre of distributors |
| 12:00 Feb 11,2013 |
| New cadre of distributors need not go through KYD process. |
|
| MF industry AUM crosses Rs 8 lakh crore, up 9 percent in January |
| 12:27 Feb 10,2013 |
| Industry’s assets went up to Rs 8.26 lakh crore in January, up 9% from Rs 7.59 lakh crore in December helped by robust inflows in liquid and income schemes. |
|
| Equity mutual fund folio closures accelerate in December |
| 09:19 Feb 03,2013 |
| The industry saw more than 36 lakh folios dip in equity mutual funds while debt funds added 7.31 lakh folios from April 2012 to December 2012. |
|
| Nudging the distributor |
| 02:43 Jan 31,2013 |
| Here is what a preliminary study of the new SEBI Investment Advisers regulations reveals |
|
| AMFI revises code of conduct for MF distributors |
| 02:11 Jan 30,2013 |
| AMFI has expanded the scope of code of conduct for mutual fund distributors in line with the recent regulatory changes made by SEBI |
|
| Should you become an ‘investment adviser’ or ‘distributor’ - points to ponder |
| 08:29 Jan 22,2013 |
| Most IFAs tell Cafemutual that they would prefer to continue to operate on their existing models while others will wait and watch the situation |
|
| 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. |
|
| New mutual fund distributors to get free ARN registration for five months |
| 01:39 Jan 16,2013 |
| Registration fee of Rs 3000 waived off for distributors empaneling with AMFI between February and June. |
|
| AMFI’s 'Central Distributor Services’ to bring operation relief to advisors |
| 11:00 Jan 13,2013 |
| The centralized data keeping will be operational from January 15, 2013.
|
|
| Investors cash out of equity funds as markets zoom up |
| 11:23 Jan 10,2013 |
| Investors pull out Rs 10816 crore from equity funds from April to December, shows the latest AMFI data. |
|
| SEBI notifies regulation on SRO for mutual fund distributors |
| 08:18 Jan 09,2013 |
| With this, the process of setting up a SRO for mutual fund distributors begins. |
|
| Simplified certification for new cadre of distributors to be out soon |
| 06:30 Jan 06,2013 |
| The fee for a one-day training program for new cadre of distributors would be kept low.
|
|
| 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 |
|
| SEBI asks AMFI to expedite process of roping in new cadre of distributors |
| 09:39 Dec 15,2012 |
| AMFI is in the process of working out the modalities of a simple certification with NISM. |
|
| SEBI cracks down on mis-selling; terms it a fraudulent practice |
| 06:05 Dec 13,2012 |
| Mis-selling of mutual funds will now be punishable |
|
| Equity schemes redemptions slows down in November |
| 09:45 Dec 12,2012 |
| Gross redemptions from equity schemes came down marginally in November to Rs 4148 crore from Rs 4658 crore in October, shows the latest AMFI data |
|
| UTI Mutual Fund ties up with Oriental Bank of Commerce |
| 02:49 Dec 07,2012 |
| - |
|
| AMFI rolls out unique identity number for distributor’s employees |
| 03:46 Nov 30,2012 |
| Employees of distributors offering sales advice to investors need to surrender their existing corporate ARN cards by 30th November. |
|
| New KYC norms to become effective from 1st December 2012 |
| 02:26 Nov 30,2012 |
| MF investors who have done their KYC before January 01, 2012 are required to provide certain additional mandatory information to invest in new mutual funds from November 30th. |
|
| PGR Prasad, former MD of SBI MF passes away |
| 10:25 Nov 17,2012 |
| Mr PGR Prasad, a veteran in the mutual fund industry passed away. |
|
| AMCs to contribute Rs 5 lakh each for setting up MF Utility |
| 10:52 Nov 15,2012 |
| AMFI is in the process of forming a company which would operate on a no-profit no-loss basis. |
|
| ‘Passive’ managers line up active funds |
| 05:21 Nov 14,2012 |
| While Goldman Sachs and IDBI have launched their actively managed products, Motilal Oswal too has filed its first offer document for an actively managed equity fund. |
|
| 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 |
|
| Advisors can opt in for transaction charges at product level till November 17th |
| 07:48 Oct 31,2012 |
| Advisors can now choose to opt in for transaction charges across 11 scheme categories. |
|
| AMFI slashes ARN fees to attract distributors |
| 06:16 Oct 29,2012 |
| SEBI’s ‘new’ cadre of distributors have to pay Rs 3000 to get a mutual fund distributor’s license from AMFI. |
|
| 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 |
|
| 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. |
|
| AMFI re-elects Milind Barve as its Chairman |
| 01:55 Oct 09,2012 |
| Sundeep Sikka of Reliance Mutual Fund will also continue to serve as Vice-chairman of AMFI |
|
| 38 IFAs face temporary suspension of commissions |
| 01:54 Oct 09,2012 |
| SEBI had asked AMCs to conduct due-diligence for IFAs with excessive portfolio turnover. |
|
| SEBI extends deadline to 1st November for assigning unique identity number |
| 11:44 Oct 05,2012 |
| A large number of employees and relationship managers of banks advising MFs to clients will now get a unique identity number. |
|
| Market rally spurs investors’ exit, Rs 3306 crore net outflow recorded in equity funds |
| 08:06 Oct 05,2012 |
| Barring gilt, gold ETFs and other ETFs, all other categories recorded redemptions, shows AMFI data for September |
|
| 34 AMCs record positive asset growth during July-Sep |
| 10:10 Oct 04,2012 |
| UTI, Birla Sunlife, Kotak, Reliance and HDFC add highest assets during July-Sept quarter, shows the latest AMFI data. |
|
| 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. |
|
| AMFI forms a sub-committee to look at direct plans |
| 01:22 Oct 01,2012 |
| The body will form a sub- committee for reviewing the process. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| 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. |
|
| Zyada khushi, thoda gum, say IFAs about the new SEBI measures |
| 11:26 Aug 20,2012 |
| While the detailed regulations are still awaited, Cafemutual spoke to a cross section of IFAs. Here is a summary of the positives and negatives as perceived by them |
|
| Mis-selling to be a 'fraudulent and unfair trade practice' in SEBI Regulations |
| 08:35 Aug 16,2012 |
| SEBI announces a host of changes for distributors. |
|
| Investment Advisors who charge fees to be regulated by SEBI |
| 08:36 Aug 16,2012 |
| SEBI ready with SEBI (Investment Advisors) Regulations, 2012 |
|
| MF industry records 86 percent jump in debt folios since 2008 |
| 01:43 Aug 16,2012 |
| Retail investors share in debt assets has been rising steadily over the last three years. |
|
| SEBI 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 approves AMFI’s mutual fund trading platform |
| 10:35 Aug 09,2012 |
| - |
|
| SEBI exempts PAN for MF investments up to 50,000; experts say this will boost industry |
| 12:50 Aug 09,2012 |
| Investors can now invest up to Rs 50,000 annually in a single mutual fund per year without a permanent account number (PAN). |
|
| 535 IFAs from 62 cities learn, bond and celebrate at MFRT 2012 |
| 12:49 Aug 08,2012 |
| MFRT 2013 targeting 900 IFAs in Hyderabad |
|
| FM to announce measures to attract investors towards mutual funds soon |
| 05:32 Aug 07,2012 |
| In the next few weeks, we will announce a number of decisions to attract more people to invest in mutual funds, insurance policies and other well-designed instruments, says P Chidambaram |
|
| 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. |
|
| 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. |
|
| SEBI may ask AMFI to reduce ARN registration fee |
| 04:43 Jul 20,2012 |
| High AMFI registration fee is preventing a number of distributors from small towns to be a part of the distribution channel, feel experts. |
|
| SEBI MF Advisory committee says no to entry load; moots AMFI as SRO |
| 08:38 Jul 17,2012 |
| Committee makes a few recommendations to SEBI |
|
| MF industry stakeholders to meet finance ministry today |
| 05:11 Jul 11,2012 |
| Top MF CEOs, AMFI, SEBI and FIFA are set to meet the finance ministry today in Delhi in continuation of the dialogue to revive the mutual fund industry. |
|
| Top 20 distributors get 63% of total commission payments |
| 10:28 Jul 10,2012 |
| HSBC is the biggest among banks; NJ biggest among national distributors |
|
| MF industry AUM drops by a marginal 1%; outflows from Gold ETFs continue |
| 08:23 Jul 08,2012 |
| Latest AMFI monthly AUM data shows Gold ETFs have seen second consecutive outflow in June to the tune of Rs 227 crore |
|
| Industry AUM up 4% in last quarter, most AMCs register growth |
| 02:10 Jul 04,2012 |
| 29 AMCs registered a growth in their assets, industry AUM goes up to Rs 6.92 lakh crore in June. |
|
| Top level meeting to discuss MF industry issues today |
| 08:33 Jul 02,2012 |
| SEBI, MF CEOs, AMFI and FIFA to participate in this meeting with Finance Ministry officials |
|
| Finance Ministry keen on taking immediate steps for revival of MF industry |
| 05:46 Jul 02,2012 |
| In a meeting chaired by Economic Affairs Secretary R Gopalan today, various stakeholders – AMC CEOs, SEBI officials, AMFI CEO and FIFA representative gave their recommendations to revive the fortunes of the mutual fund industry. |
|
| SEBI likely to give approval for MF Utility soon |
| 10:13 Jun 25,2012 |
| Market regulator SEBI is likely to give its okay for MF Utility in the next three days, say sources close to the development. |
|
| SEBI chief promises support to the industry |
| 01:51 Jun 21,2012 |
| Regulator begins consultations with distributors, AMCs and investor assocations. |
|
| NISM revises CPE norms, hikes exam fees |
| 06:29 Jun 04,2012 |
| The National Institute of Securities Markets (NISM) has hiked the Continuing Professional Education (CPE) course fee more than two-fold, effective 1st June 2012. |
|
| MFs prompt in redressing investor complaints |
| 12:53 Jun 01,2012 |
| Non-updation of address, bank details, PAN, and discrepancies in account statements are the most common complaints received by AMCs. Most complaints were resolved within 30 days. |
|
| UTI Mutual Fund investor base crosses 1 crore again |
| 07:02 Jun 01,2012 |
| The AMC added 2.24 lakh folios last year which took its total investor base to 1.01 crore as on March 2012. The last time it had crossed the 1 crore folio mark was in January 2010. |
|
| 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. |
|
| Revised: AMFI committee recommends that an IFA’s nominees should receive trail commission |
| 04:04 May 24,2012 |
| Panel wants non-certified nominees to receive all dues on commissions as also commissions on SIP investments. |
|
| 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. |
|
| 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. |
|
| MFs tighten redemption process to eliminate frauds |
| 06:02 May 02,2012 |
| In order to prevent fraudulent redemptions, AMFI has asked AMCs to stop accepting redemption requests along with change of bank mandate at the same time. |
|
| SEBI to meet mutual fund distributor associations on 3rd May |
| 12:35 Apr 30,2012 |
| Regulator will seek suggestions to overcome the constraints relating to distribution and reach of mutual funds. |
|
| Rajiv Gandhi Equity Savings Scheme: MF route may be permitted |
| 12:21 Apr 30,2012 |
| After feedback from SEBI and representations from the industry, the tax-savings scheme may be amended. |
|
| 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. |
|
| HNIs and retail investors turn to gold ETFs |
| 05:33 Apr 26,2012 |
| Retail folios in gold ETFs increase by 1.73 lakh while HNI folios shoot up by 3,853 in FY12. Total folios in gold ETFs rise to 4.59 lakh from 2.86 lakh a year ago. |
|
| Debt funds gain even as 15.76 lakh retail equity folios close in FY 2012 |
| 05:28 Apr 26,2012 |
| Folios of retail investors in debt funds have gone up by 5.71 lakh in the previous fiscal. The industry saw Rs 8,770 crore dip in retail AUM from equity funds. |
|
| MF distributors find In-Person Verification (IPV) requirement bothersome |
| 07:55 Apr 16,2012 |
| Mutual fund distributors plan to approach SEBI for clarifying KYC rule which requires in-person verification (IPV). |
|
| These seven AMCs scored big in FY12 |
| 02:24 Apr 15,2012 |
| Surprisingly, five out of the seven AMCs which recorded the largest positive AUM growth were mid-sized fund houses. |
|
| Redemptions from equity funds continue in March; industry AUM goes below 6 lakh crore |
| 07:21 Apr 10,2012 |
| Industry’s AUM falls 13% in March to Rs. 5.87 lakh crore from Rs. 6.75 lakh crore in February due to heavy redemptions in liquid funds. |
|
| Independent advisors get a voice: FIFA to take up distributor- related issues with regulator |
| 06:24 Apr 09,2012 |
| The Foundation of Independent Financial Advisors (FIFA) aims to take up the views of distributors with policymakers and regulators; says it will enrol advisors across the country and encourage regional associations of IFAs to become members. |
|
| Zero transaction cost for distributors and investors for using MF Utility? |
| 10:53 Apr 05,2012 |
| The AMFI MF Utility committee has recently put a proposal to make the platform free for distributors and investors. |
|
| 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. |
|
| Pranabda: New distribution channels required for MF penetration |
| 11:34 Mar 27,2012 |
| Finance Minister Pranab Mukherjee made a case to open new channels of distribution for greater penetration of mutual funds while addressing top SEBI officials. |
|
| Final list of big distributors ‘qualifying’ for due diligence is out |
| 06:02 Mar 27,2012 |
| AMFI has published a fresh list of distributors who will have to comply with due diligence. The list of distributors has come down to 403 from the earlier 529. |
|
| AMCs ponder on passing service tax hike to investors |
| 04:11 Mar 23,2012 |
| Fund houses are likely to be hit with the recent hike in service tax from 10% to 12% on fund management services. |
|
| AMCs evaluating 3 options on distributor commissions |
| 07:36 Mar 21,2012 |
| Fund houses consider different options as they seek to build consensus over the sensitive issue of distributor commission. |
|
| 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. |
|
| 8 audit firms shortlisted for distributors’ due diligence |
| 06:23 Mar 15,2012 |
| The number of distributors who will fall under the ambit of due diligence has come down to 402 from 529. |
|
| UTI Mutual Fund manages to get a High Court stay order |
| 07:26 Mar 14,2012 |
| The Bombay High Court has issued a stay order on the issue today, say industry sources. |
|
| As markets rise, investors book profits, causing net outflows in equity funds |
| 03:47 Mar 13,2012 |
| The AUM of equity schemes increased by 3% to Rs. 1.61 lakh crore in February from Rs. 1.56 lakh crore in January helped by a 3% spurt in BSE Sensex in February. |
|
| 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. |
|
| 11 audit firms show interest in big distributors’ due diligence |
| 05:35 Feb 22,2012 |
| AMFI will shortlist four out of the eleven for carrying out due diligence on big distributors. |
|
| 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. |
|
| Equity AUM shoots up as market gains 11 percent in Jan 2012 |
| 11:24 Feb 10,2012 |
| The industry’s AUM gained 8% from Rs. 6.11 lakh crore to Rs. 6.59 lakh crore due to inflows of Rs. 26,950 crore in liquid and gilt funds. |
|
| IDBI AMC unveils an all-season IDBI Dynamic Bond Fund |
| 06:06 Jan 30,2012 |
| The fund is meant to be an all-season fund, seeking to optimize returns from interest rate movements. |
|
| NFOs now open |
| 10:55 Jan 27,2012 |
| Jan 27, 2012: New Fund Offers Open for Subscription |
|
| AMFI to appoint clearing bank and back office agency for MF Utility |
| 11:51 Jan 26,2012 |
| AMFI will appoint a clearing bank and a back office unit for running the day to day operations of MF Utility, according to sources familiar with the development. |
|
| 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. |
|
| AMFI likely to appoint 4 auditors for due diligence |
| 09:59 Jan 13,2012 |
| AMFI has reportedly finalized a common due diligence questionnaire for AMCs. |
|
| No. of distributors qualifying for due diligence comes down |
| 09:13 Jan 12,2012 |
| More than 300 distributors will heave a sigh of relief, as the list of distributors meeting the due diligence criteria has reportedly shrunk to 220-odd from 529 |
|
| AMFI shortlists 9 players to develop MF Utility |
| 09:46 Jan 10,2012 |
| Concerns remain on operational costs of running the day-to-day operations of this platform |
|
| New MF investors can’t open zero balance folios from January 1, 2012 |
| 10:08 Jan 07,2012 |
| New investors will now have to make some investment in the form of SIP or STP or lump sum from January 1, 2012. |
|
| AMCs report an increase in gold SIP |
| 07:24 Jan 02,2012 |
| Investors feel that Gold fund and ETFs are a good asset class to invest in the current scenario |
|
| 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. |
|
| Now investors can buy funds via SMS in IDFC’s Money Manager Fund |
| 06:19 Dec 14,2011 |
| Now investors can buy a mutual fund by just sending an SMS |
|
| AMFI’s MF Utility Platform likely to miss April deadline |
| 09:38 Dec 12,2011 |
| Though the process to select a vendor is under way, AMFI’s deadline to develop the software in three months is unlikely to be achieved, say sources |
|
| MF industry records 91% drop in net inflows in November 2011 |
| 03:04 Dec 10,2011 |
| The industry witnessed Rs. 37,514 crore dip in net inflows in November |
|
| 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 |
|
| 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 |
|
| AMFI invites EOI for developing MF Utility platform |
| 09:24 Nov 22,2011 |
| Selected vendor to execute the job in 90 days |
|
| HSBC is the largest mf distributor among banks; NJ among NDs |
| 10:50 Nov 18,2011 |
| The 20 largest distributors (10 banks and 10 NDs) account for 57% (Rs.1, 033 crore) of industry’s Rs. 1,800 crore payout in FY10-11 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| Transaction charges to roll out from November 01 |
| 07:46 Oct 31,2011 |
| 6000 distributors will start getting transaction charge from AMCs every month |
|
| Approx 6000 distributors opt in for transaction charges |
| 09:41 Oct 27,2011 |
| Out of the 40,000 ARN holders, only 6,000 distributors are estimated to have opted in for transaction charges |
|
| 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 |
|
| MF stars land at IFA Galaxy summit -II |
| 04:54 Oct 18,2011 |
| The IFA Galaxy 2011 Magazine was released by H N Sinor, CEO, AMFI |
|
| Rising expenses & declining equity inflow hit MF Industry profits |
| 09:36 Oct 17,2011 |
| MF industry saw its net profits plunge by 50 percent in the financial year 2010-11 as industry expenditure surged 20 percent and equity inflow declined 41 percent. |
|
| No commission if ARN renewed after six months of expiry: AMFI |
| 09:24 Oct 17,2011 |
| AMFI announces changes on ARN renewal; new rules effective from January 2012 |
|
| MF stars land at IFA Galaxy summit |
| 06:04 Oct 17,2011 |
| IFA Galaxy holds its Knowledge Summit in Chennai |
|
| AMFI ads evoke curiosity from people |
| 09:58 Oct 10,2011 |
| The industry body has received over 30,000 SMSes from people wanting to know more about mutual funds |
|
| 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 |
|
| AMFI advertising campaign would draw investors towards mutual funds, feel IFAs |
| 10:20 Oct 06,2011 |
| The recently launched AMFI campaign gets ‘thumbs up’ from IFAs |
|
| 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 |
|
| MF transaction utility to start from April 2012 |
| 09:34 Oct 03,2011 |
| The front end investment portal will provide ease of investing in all mutual funds at one place |
|
| Opt in or opt out of transaction charges by October 21 |
| 10:01 Oct 03,2011 |
| Service tax of 10.30% to be deducted from transaction charges |
|
| How could the SEBI concept paper change your business? |
| 05:35 Oct 03,2011 |
| Ravi Samalad speaks to AMC officials and veteran IFAs to find out what the implications of the proposals in the SEBI concept paper on regulating investment advisors for the industry and its stakeholders |
|
| 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 |
|
| 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 |
|
| Union KBC initiates investor awareness programs |
| 04:05 Sep 16,2011 |
| Union KBC launches two investor centric initiatives: Prabodh, a series of investor awareness programs and ATMfunds@Union Bank which would allow investors to conduct MF transactions through Union Bank of India ATMs. |
|
| 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 |
|
| Equity funds see Rs 1942 crore net inflow in August |
| 09:40 Sep 09,2011 |
| Investors have taken benefit of the market dip in August by investing in equity mutual funds |
|
| ‘Damp squib’ is the IFA verdict on new transaction charges |
| 10:31 Sep 08,2011 |
| A majority of the Independent Financial Advisors (IFAs) have given a lukewarm response to new transaction charges on mutual funds, finds a Cafemutual survey of 755 IFAs across the country |
|
| Transaction charge implementation is a while away |
| 12:52 Aug 25,2011 |
| Registrars are tweaking their software to incorporate the new rule even as AMCs await more clarity on implementation from AMFI |
|
| SEBI asks for more information disclosure |
| 09:09 Aug 23,2011 |
| Fund houses welcome showcasing geography wise AUM data |
|
| Implementing due diligence process a tough task for AMCs |
| 09:04 Aug 23,2011 |
| Fund houses will try to put in place systems to institutionalize the process; compliance cost for AMCs is likely to escalate |
|
| Transaction charges come in to effect |
| 09:25 Aug 22,2011 |
| The regulator has clarified that upfront commission to distributors shall continue to be paid by the investor directly to the distributor by a separate cheque |
|
| 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 |
|
| MF industry grows 8 percent in July: AMFI |
| 05:48 Aug 10,2011 |
| The total AUM of the industry saw a spike largely due to inflows in income and liquid funds |
|
| AMCs looking to implement the new transaction charge soon |
| 12:52 Aug 01,2011 |
| While clarity on operational aspects of the recently announced policies is still awaited, AMCs are looking to act on these policies at the earliest |
|
| AMCs and distributors awaiting clarity on ‘big distributors’ regulation |
| 06:50 Jul 29,2011 |
| AMCs and distributors are anxious to know the details on the new regulation relating to ‘big distributors’ regulation |
|
| Big distributors to be regulated, announces SEBI |
| 10:26 Jul 28,2011 |
| SEBI has taken the first step in regulating distributors of mutual funds |
|
| IFAs take a shine to HNIs |
| 09:16 Jul 28,2011 |
| As retail business increasingly becoming unviable, IFAs are slowly shifting their focus towards HNIs; however the transition is not smooth |
|
| 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. |
|
| All Kerala IFA Association focuses on skills development and knowledge enhancement |
| 03:40 Jul 19,2011 |
| Jagadeesh Pai, President Central Zone of the Association articulates the vision of the group for contributing to the development of the mutual fund industry. |
|
| AMCs look for clarity on proxy voting policy law |
| 08:41 Jul 18,2011 |
| Lack of clarity in company law is a grey area; AMCs suggest AMFI to step in to clear the confusion |
|
| No transfer of trail if IFAs shift assets to online distribution platforms, AMFI decides |
| 12:20 Jul 13,2011 |
| AMFI in its board meeting held on Tuesday has decided to keep the existing trail commission guidelines unchanged |
|
| AMFI may tweak trail commission rule |
| 09:22 Jul 11,2011 |
| The industry body will decide whether new distributor gets the trail if the existing distributor voluntarily opts out of MF distribution business |
|
| Ombudsman for MF industry is still a while away! |
| 09:27 Jul 11,2011 |
| Jayshree Pyasi reports that while the IFAs welcome this proposal, it will take some more time for the creation of an ombudsman body. |
|
| KAMFA aims to be the voice of the entire IFA fraternity in Karnataka |
| 07:41 Jul 10,2011 |
| By a sheer coincidence, KAMFA was officially set up in 2009 just three days after the ban of entry load came in to effect though the preparatory work had started two years earlier. Gurusimha, President shares his vision for KAMFA with Cafemutual |
|
| SOFP is honing the skills of financial planners |
| 01:07 Jul 07,2011 |
| Society of Financial Planners is the sole pan India group of Certified Financial Planners registered in India. Jayant Vidwans, one of the founding members & the President talks about the activities of SOFP with Cafemutual |
|
| AMFI as a SRO should have more broad based participation, feel IFAs |
| 01:09 Jul 06,2011 |
| If AMFI turns into a SRO, it should have fair representation from all stakeholders in the industry |
|
| 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 |
|
| 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 |
|
| AMFI charts various initiatives for the growth of MF industry |
| 02:37 Jun 22,2011 |
| It plans to look at various ways for adding more IFAs to the industry |
|
| 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 |
|
| SEBI to launch investor education campaign |
| 04:10 Jun 21,2011 |
| SEBI is reportedly planning to launch a campaign for investor education, part of which will focus on mutual funds |
|
| 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 |
|
| 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 |
|
| 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 |
|
| Ved Prakash Chaturvedi will head the capital market business of L&T |
| 04:27 May 18,2011 |
| Besides capital market, he will oversee the MF business |
|
| 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 |
|
| Mumbai distributors to form all India Federation of IFAs |
| 05:52 Apr 20,2011 |
| The group aims to be the voice of IFAs which will take up issues concerning distributors with AMFI and SEBI |
|
| 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 |
|
| 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 |
|
| Kerala IFAs get together to form CIFFA |
| 03:33 Apr 01,2011 |
| The group christened as CIFFA will be affiliated to IFA Galaxy Group of Chennai |
|
| 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 |
|
| 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 |
|
| Distributors want to embed commission structure in application forms |
| 09:30 Mar 21,2011 |
| Charging fee from investors continues to be a hotly debated issue. An interesting format was discussed at an IFA Galaxy meet in Trichy |
|
| 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 |
|
| 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 |
|
| AMFI revises self certification format for intermediaries |
| 04:27 Mar 04,2011 |
| Distributors are required to send self-certification forms to RTAs |
|
| AMFI extends KYD deadline till end-March |
| 11:00 Feb 28,2011 |
| AMFI has extended the deadline for distributors to complete KYD requirements as almost half of them are still not compliant |
|
| KYD deadline likely to be extended |
| 06:34 Feb 24,2011 |
| AMFI is likely to extend the deadline for all distributors to comply with KYD requirements; a large number of distributors are still to comply |
|
| HDFC’s Barve elected AMFI Chairman |
| 11:37 Feb 23,2011 |
| HDFC Mutual Fund’s Milind Barve has been elected as the Chairman of AMFI; He succeeds U K Sinha, who is now the Chairman of SEBI |
|
| 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 |
|
| U K Sinha takes charge as SEBI Chairman |
| 05:43 Feb 18,2011 |
| U K Sinha on Friday took charge as Chairman of SEBI amid expectations that he would be considerate towards the mutual fund industry |
|
| 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 |
|
| MFs against tax on scheme merger |
| 06:44 Feb 09,2011 |
| AMFI asks finance ministry to treat mergers of schemes on par with corporate mergers to save investors from having to pay tax |
|
| SEBI now wants norms for distributors |
| 07:12 Feb 07,2011 |
| SEBI's Vaidyanathan says the regulator wants mutual funds to create a framework for empanelling distributors |
|
| Sinha named the next SEBI Chairman |
| 09:44 Feb 04,2011 |
| U K Sinha named the eighth Chairman of SEBI; to take charge after February 17 |
|
| 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. |
|
| L&T MF CMO quits |
| 11:06 Jan 29,2011 |
| L&T Mutual Fund faces the challenge of senior level exists in a short period after its launch; the latest to quit is its Chief Marketing Officer, Mohit Sachdev |
|
| Overseas IFAs yet to comply with KYD norms |
| 06:09 Jan 20,2011 |
| MF distributors based in foreign cities with NRI concentration too are still to comply with KYD requirements |
|
| 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 |
|
| JP Morgan MF directors quit |
| 01:03 Jan 17,2011 |
| Two independent directors on the board of JP Morgan Mutual Fund have resigned, a report in the DNA said. |
|
| AMFI asks distributors to organise |
| 03:47 Jan 14,2011 |
| The industry body says distributors need to organise themselves into an association to put their views across |
|
| CAMS speeds up KYD processing |
| 03:45 Jan 11,2011 |
| CAMS is making special efforts to enable distributors across the country to complete KYD well ahead of the deadline |
|
| "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 |
|
| AMFI to run ad campaigns on MFs |
| 06:42 Jan 10,2011 |
| The commercials will help educate people about the benefits of investing in mutual funds |
|
| Fidelity MF campaign for children |
| 09:07 Jan 10,2011 |
| Fidelity Mutual Fund has kicked off an investment awareness campaign for children; to reach out to 20-30 tier two and tier three towns |
|
| 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 |
|
| 2011 to be turning point for IFAs |
| 11:11 Jan 05,2011 |
| The business of mutual fund distribution could see a phase of consolidation in 2011 after being in a state of change for more than a year |
|
| Distributors delay KYD compliance |
| 06:10 Dec 24,2010 |
| Only about 10% of the distributors have completed the KYD procedure so far; two months left for compliance |
|
| 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 |
|
| 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 |
|
| More distributors flock to MFs |
| 02:48 Dec 17,2010 |
| The number of distributors selling mutual funds has increased by nearly 8 per cent since the ban on entry load |
|
| UTI MF opens new financial centre at Bardhaman |
| 03:06 Dec 15,2010 |
| UTI Mutual Fund has announced the opening of a new UTI Financial Centre (UFC) at Bardhaman in the State of West Bengal |
|
| Sinha chosen new SEBI Chairman |
| 09:30 Dec 14,2010 |
| A recommendation to appoint Sinha as the new SEBI Chairman will be sent to the Appointments Committee of the Cabinet for approval. |
|
| Self-regulation a difficult task |
| 02:45 Dec 11,2010 |
| SEBI Chairman wants credible self-regulation to develop. |
|
| 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 |
|
| 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. |
|
| Distributors don’t expect rollback |
| 05:26 Dec 06,2010 |
| Distributors are not praying for Sinha to be the next SEBI Chairman and do not see return of entry load ever |
|
| Retail flows in debt funds rising |
| 06:30 Dec 06,2010 |
| Over 8.86 lakh retail investor accounts for debt schemes were opened in a year contributing to increase in debt AUM |
|
| 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 |
|
| Principal MF launches Principal SMART Equity Fund |
| 04:49 Dec 01,2010 |
| Principal Mutual Fund has launched an open-ended equity fund where investments in equities will be determined by the price-to-earnings levels. It will follow up with another dynamic fund called Principal Dynamic Bond Fund. |
|
| U K Sinha being considered for SEBI chairman’s post |
| 12:17 Nov 25,2010 |
| U K Sinha, Chairman of UTI Mutual Fund, is being considered by the government for appointment as Chairman of the Securities and Exchange Board of India (SEBI), according to reports. |
|
| 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 |
|
| 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 |
|
| The business of FMPs |
| 05:37 Jan 01,1900 |
| Why some fund houses don’t launch FMPs? |
|
| Investor’s cash out of equity funds as markets zooms up |
| 11:22 Jan 01,1900 |
| Investors pull out Rs 10816 crore from equity funds from April to December, shows the latest AMFI data. |
|
| SEBI chief promises support to the industry |
| 01:43 Jan 01,1900 |
| Regulator begins consultations with distributors, AMCs and investor assocations. |
|
| 8 audit firms shortlisted for distributors’ due diligence |
| 06:20 Jan 01,1900 |
| The number of distributors who will fall under the ambit of due diligence has come down to 402 from 529. |
|
| ‘FIAI was formed to act as a common voice for distributors’ |
| 07:34 May 13,2013 |
| Formed in 2009, Financial Intermediaries Association of India (FIAI) represents a group of national distributors and private banks. Gurpreet Singh, Principal Consultant, Financial Intermediaries Association of India (FIAI) talks about the association’s origin, activities and future plans. |
|
| More than 800 investors participate in Nagpur IFA Association’s maiden event |
| 09:31 Feb 13,2013 |
| Nagpur IFA Association is a fledging group of 37 IFAs from Nagpur which is working to enhance the skills of IFAs. More than 800 investors flocked to their first event which was held in Nagpur recently. Bhavesh Khetan, member of the Nagpur IFA Association shares more details about the association. |
|
| Privilege Club takes our relationship with IFAs beyond transactions: Navin Tewari |
| 01:01 Feb 10,2013 |
| Birla Sun Life Mutual Fund’s Privilege Club has been received well by IFAs. On its second anniversary, Navin Tewari, Head of Sales & Marketing, Birla Sun Life AMC shares more details of this initiative. |
|
| 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 focus has been on penetrating the untapped geographies’ (Part 1) |
| 02:10 Feb 27,2012 |
| Akshay Gupta, MD & CEO of Peerless Mutual Fund, says that the distributors can be winners if they sell solution-based products. |
|
| FMPs: Thin margins, high volumes |
| 01:15 Jan 22,2012 |
| Despite thin margins, FMPs have ruled the roost in 2011 with the top 10 AMCs managing around Rs. 90,000 crore. |
|
| Gold ETFs rake in the moolah, shows AMFI data |
| 11:20 Jul 09,2011 |
| Gold ETFs, equity and income fund NFOs do well, shows AMFI data |
|
| 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 |
|
| Inflows in debt schemes lift AUM |
| 10:41 Feb 09,2011 |
| Investments in liquid schemes surged 83 per cent in January to Rs 1,62,437 crore; banks investments in MFs rise more than five times in first two weeks of January |
|
| 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 |
|
| 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 |
|
| Equity schemes see inflows in Dec |
| 05:07 Jan 11,2011 |
| December saw reversal of trend in investments in equity schemes with net inflow of Rs 967 crore. This resulted in an increase in the AUM of equity schemes for the first time since June 2010 |
|
| 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 |
|
| Business revamp helps Karvy |
| 05:28 Nov 26,2010 |
| V Ganesh, Director, Karvy, says the company has the ability to handle any large NFO of the size of large public issues |
|
| Private sector has 80% share |
| 03:08 Nov 23,2010 |
| Private sector dislodges public sector; Most public sector funds have withered |
|
| Only empowered advisors can empower consumers: Rajiv Bajaj |
| 02:38 Jan 18,2013 |
| Rajiv Bajaj, Sundeep Sikka, Anup Bagchi, Suresh Mahalingam and Pankaj Mathpal shared their views at the FPSB Financial Planning Congress on the topic ‘Aiding Business Progression through ‘Consumer Empowerment’. Edited excerpts… |
|
| Is the retail model still attractive for mutual fund advisors? |
| 06:58 Oct 18,2012 |
| While some IFAs are beginning to restructure their business models towards High Net worth Individuals (HNIs), those IFAs wishing to build a retail client base are reworking their strategies. |
|
| My first client taught me to be flexible with work timings, says B Jitu, IFA from Kolkata |
| 10:24 Aug 06,2012 |
| We continue with some more interesting stories in our series ‘How I got my First Client’ |
|
| 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 |
|
| Fraudulent actions by mutual fund distributors |
| 05:09 Nov 10,2010 |
| Tensing Rodriques examines the legal ramifications of mis-selling and fraudulent actions in the cont |
|
| 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 |
|
| Distributors to benefit from regulation |
| 02:58 Nov 26,2010 |
| V Ramesh, Deputy CEO of AMFI, has a word of cheer for distributors |
|