| 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 |
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| MF distributors not keen to take up stock exchange membership |
| 10:44 Mar 03,2013 |
| Distributors are looking forward to MF Utility platform. |
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| 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. |
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| 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. |
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| 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 |
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| 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. |
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| 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. |
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| 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.
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| NISM simplifies certification for new cadre of distributors |
| 11:04 Jan 13,2013 |
| SEBI’s decision to rope in more distributors should help increase the penetration of mutual funds. |
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| 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. |
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| 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 |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| UTI MF & CNBC TV 18 honor India’s best financial advisors |
| 03:59 Mar 13,2012 |
| Over 38,000 advisors vied for these honors. A combination of both quantitative and qualitative parameters was used to evaluate the advisors. |
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| 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. |
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| 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. |
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| 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 |
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| Most banks active in MF distribution opt in for transaction charges |
| 05:49 Nov 03,2011 |
| Only 12 banks out of a total of 69 KYD compliant banks have opted in for the transaction charges. But when you look closely, you find that most of the active banks have opted in, says Ravi Samalad |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| Investors may not have to pay a separate cheque as Advisory fee |
| 05:34 May 20,2011 |
| SEBI may include the advisory fee in MF application form itself |
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| 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 |
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| AMFI revises self certification format for intermediaries |
| 04:27 Mar 04,2011 |
| Distributors are required to send self-certification forms to RTAs |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| Not just the rules, the entire distribution game has changed! |
| 10:15 Nov 07,2011 |
| To fill the gap in training of intermediaries, Amit decided to start a training academy, Karmayog. Jayshree Pyasi gets his insights on the industry |
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| 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 |
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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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