MF News

RBI surprises market with no rate cut
The banking regulator has cited increasing food inflation and rising uncertainty in global markets for this unexpected move.
by Team Cafemutual Dec 7, 2016
Distributor seeks stay order on SEBI’s commission disclosure circular in Jharkhand High Court
The lawyer representing the petitioner claims that they are in the process of filing the counter reply to Sebi's reply.
by Nishant Patnaik Dec 5, 2016
AMCs want clarification on RIA license for their advisory services
Advisory services under AMCs include onshore and offshore advisory services where fund managers provide investment advisory services to their clients.
by Nishant Patnaik Dec 2, 2016
MF distributors should be allowed to provide incidental advice: AMFI
Also, AMFI has recommended that Individual RIAs should be allowed to continue to provide execution services.
by Nishant Patnaik Dec 1, 2016
Edelweiss Financial Services launches its robo advisory platform
Edelweiss Guided Portfolios (Edelweiss GPS) designs mutual fund portfolio for SIP investors.
by Team Cafemutual Dec 1, 2016
BSE starts levying transaction fee on its BSE Star MF platform
The transaction fee ranges from Rs. 6 to Rs 30 depending on the number of transactions.
by Team Cafemutual Dec 1, 2016
SEBI imposes a fine of Rs. 10 lakh on Franklin Templeton MF
The market regulator has found that the fund house had constituted an ‘informal investment committee’ and had an international CIO in this group which was found to be in violation of SEBI rules.
by Team Cafemutual Nov 29, 2016
Relief for MFs, CBEC removes ‘securities’ from the definition of goods in draft GST Bill
Industry experts believe this will give a boost to the capital markets as buying and selling of shares will not be subject to levy of any taxes.
by Banali Banerjee Nov 28, 2016
Now, distributors can open CAN online on MF Utility
With eCAN, distributors and investors can fill the CAN registration data online on MFU website and submit electronically.
by Team Cafemutual Nov 28, 2016
SEBI eases investment norms for Angel Funds
The market regulator has reduced the minimum ticket size in Angel Funds from Rs. 50 lakh to Rs.25 lakh.
Posted on Nov 28, 2016
AMFI requests government to keep service tax rate at 12% for MFs
The industry body has also requested the GST Commissioner to exclude ‘securities’ from the definition of services and provide centralized registration.
by Nishant Patnaik Nov 25, 2016 launches in-house rating system known as FundsIndia Ratings
With the help of ratings, investors would get an idea of where their other current holdings stand, in relation to category peers.
by Team Cafemutual Nov 23, 2016
Procedure to allow exposure of MFs to derivative instruments to be simplified: SEBI
Fund houses will have to send a notice to investors to take exposure to derivative instruments.
by Nishant Patnaik Nov 23, 2016
SEBI bars Indore based RIA from doing advisory business
The market regulator found that Indore based RIA firm - CapitalVia has charged exorbitant fees from clients. In one such instances, the company had charged an annual advisory fee of Rs.24.59 lakh from a client who had invested only Rs.6-10 lakh with the firm.
by Nishant Patnaik Nov 22, 2016
SEBI asks AMFI to suggest measures to ease advertisement norms
AMFI may take up this issue in the upcoming board meeting to be held on December 13.
by Nishant Patnaik Nov 19, 2016