MF industry receives Rs4,600 crore a month through SIP
The average ticket size stood at Rs3,300 per SIP account.
by Padmaja Choudhury 23 hours ago
IIFL AMC mops up $216 million in its IPO focussed fund
IIFL Special Opportunities Fund - Series 2 collects $216 million within 2 months of its launch.
by Team Cafemutual Jul 19, 2017
GST focussed funds mop up Rs1,500 crore during their NFOs
Three fund houses – ICICI Prudential, HDFC and Birla Sun Life – have collectively mopped up healthy inflows of Rs1,500 crore during their NFOs.
by Padmaja Choudhury Jul 18, 2017
Ajit Menon joins DHFL Pramerica as Chief Business Officer
He will head the company’s sales, distribution and marketing functions.
by Team Cafemutual Jul 17, 2017
Government to penalise distributors for not obtaining GST registration
Distributors earning over Rs20 lakh a year, or selling schemes of fund houses based outside the home state, will have to take GST registration by July 30, 2017.
by Nishant Patnaik Jul 17, 2017
Top 15 AMCs constitute 95% of the total industry folio
The total folio count of the top 15 fund houses increased from 4.22 crore to 5.29 crore in FY 2016-17.
by Padmaja Choudhury and Nishant Patnaik Jul 16, 2017
S. Naren to manage ICICI Prudential’s flagship schemes after Gunwani’s exit
Manish Gunwani leaves ICICI Prudential MF.
by Team Cafemutual Jul 14, 2017
ICICI Securities introduces factor-based portfolios
The company claims that they are the first to introduce this facility in India.
by Daya Ragunathan Jul 14, 2017
Top 10 AMCs paid gross commission of Rs4,000 crore last fiscal
ICICI Prudential Mutual Fund paid the highest commission of Rs738 crore to its distributors in FY 2016-2017
by Padmaja Choudhury Jul 13, 2017
Sponsors of Birla Sun Life Mutual Fund contribute highest to its AUM
Sponsors contributed Rs15,166 crore or 7% of the total AUM of Birla Sun Life Mutual Fund.
by Padmaja Choudhury Jul 12, 2017
Edelweiss Financial Services launches a multi-product platform for advisors
Edelweiss Partners – A complete financial solutions for advisors.
by Edelweiss Advertorial Jul 12, 2017
Some more time to submit your feedback on investment advisor regulations
SEBI extends the deadline to submit feedback on consultation paper on investment advisor regulations from July 14 to July 31.
by Team Cafemutual Jul 12, 2017
MF folio count reaches close to 6 crore in June
The industry added over 10 lakh folios last month.
by Team Cafemutual Jul 10, 2017
AMFI to prepare white paper with IIM Ahmedabad and NISM
The aim is to achieve AUM of Rs95 lakh crore by 2026 and add 7 crore new MF accounts.
by Nishant Patnaik Jul 10, 2017