MF News

The Union Finance Minister has proposed to impose long term capital gains tax on equity funds.

Strong growth in financial services, IT, business process outsourcing, real estate, healthcare and media sectors will lead India’s growth.

Though the proportion of retail equity AUM that remains invested for over 2 years has declined from 53% to 46%, it has grown by almost 50% in absolute terms due to increase in the overall AUM.

The NFO opens for subscription on January 29, 2018 and closes on February 12, 2018.

Here are some key proposals that AMFI has recommended finance minister for the mutual fund industry.

Edelweiss MF to launch a scheme focussed on IPOs called Edelweiss Maiden Opportunities Fund – Series 1.

The total number of individual ARN holders was 82,476 as on December 2017.

The fund house believes that small cap stocks are still available at reasonable valuation.

The bank has collaborated with Valuefy Solutions to provide digital wealth management solutions.

Experts attribute this to a growing demand for mutual funds and higher incentives to distributors.

LIC MF’s new facility will enable clients to execute transaction in mutual funds through SIPs on a daily basis.

Not allowing RIAs an opportunity to offer execution services may lead to many investors being orphaned, cautioned AMFI.

Ajay Tyagi, Fund Manager – Equity, UTI Mutual Fund, believes that investors are chasing equity for its performance. We have seen this trend earlier.