MF News

SEBI to regulate mutual fund rankings
The market regulator has proposed to monitor activities of fund ranking companies like Value Research and Morningstar.
by Team Cafemutual Jun 26, 2017
Banking ombudsman can impose a fine of Rs20 lakh on banks for mis-selling
In addition, banks will have to compensate their customers with Rs1 lakh if they mis-sell insurance or mutual funds.
by Team Cafemutual Jun 23, 2017
SEBI relaxes the IPO lock-in provision for private equity players
Experts said that the relaxation of the lock-in provision would help increase flexibility and provide easy exit to PE firms.
by Padmaja Choudhury Jun 23, 2017
‘Either charge a fee on financial advice or get commission on MF distribution’
SEBI has proposed to do away with the exemption given to mutual fund distributors on incidental advice. Simply put, you can call yourself IFA or wealth manager only if you are a SEBI registered RIA.
by Nishant Patnaik Jun 23, 2017
Equity funds investors prefer taking IFA route to invest
Even though investors are exploring direct plans, many investors still prefer the regular plans to invest in mutual funds.
by Padmaja Choudhury Jun 22, 2017
Birla Sun Life MF launches a closed end equity fund
The NFO will be opened for subscription on June 23 and closes on July 7.
by Team Cafemutual Jun 22, 2017
SEBI allows hedge funds to invest in commodity derivatives
Hedge funds can invest up to 10% of total corpus in one underlying commodity.
by Padmaja Choudhury Jun 21, 2017
AMCs to deduct GST from commission from July 1
PwC recommends AMCs to deduct GST from commission of distributors who do not have GST registration.
by Nishant Patnaik Jun 21, 2017
How many open-ended schemes does a fund manager manage?
On an average, a fund manager manages three open-ended schemes.
by Padmaja Choudhury Jun 20, 2017
Investor complaints against top ten fund houses rise 10% in FY 2016-17
Investor complaints increase due to rise in folios.
by Padmaja Choudhury Jun 19, 2017
MF industry saw net inflows in equity funds for the 14th straight month: ICRA
Net inflows in equity funds in May hit two-year high.
by Team Cafemutual Jun 17, 2017
What it takes to be RIA
How do you make the transition from being a distributor to a RIA? Read on.
by Padmaja Choudhury Jun 16, 2017
Soon insurance and mutual funds will come with an insurance cover
The proposed bill to deal with bankruptcies of banks, insurance and AMCs seek to protect consumers of financial products.
by Nishant Patnaik Jun 15, 2017
SIP inflows increases by 7% in May
The industry received Rs.4,584 crore of SIP inflows in May compared to Rs.4,269 crore in April.
by Padmaja Choudhury Jun 14, 2017
AMFI seeks PwC help to navigate the GST waters
SEBI had asked AMFI to submit whitepaper on the implementation of GST.
by Nishant Patnaik Jun 13, 2017