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Countries with commission based model have lower expense ratio: FIFA
Countries with fee model had average expense ratio of 2.77% whereas countries with commission model had average expense ratio of 2.02%, finds a Foundation of Independent Financial Advisors (FIFA) study.
by Ravi Samalad Jan 3, 2017
Arbitrage funds can now take higher exposure in F&O market
Fund managers can now allocate money in future and options (F&O) stocks more efficiently, say fund managers.
by Ravi Samalad Jan 2, 2017
RIAs cannot ask for profit-sharing fees: SEBI
SEBI has clarified that RIAs cannot charge an additional fee which is over and above investment advisory fees.
by Nishant Patnaik Dec 29, 2016
Soon, a single ombudsman to resolve complaints against all financial entities
No fee will be charged to consumers for resolving their grievances.
by Ravi Samalad Dec 28, 2016
AMFI urges AMCs and distributors to comply with new CKYC norms
AMFI has requested all KYC Registration Agencies (KRAs) to capture the additional KYC information like mother’s name, maiden name and FATCA details on their platforms.
by Ravi Samalad Dec 27, 2016
Now, buy mutual funds through UPI wallet
LIC MF and IDFC MF have introduced a new mode of payment through which investors can invest in mutual funds through e-payment wallets like Unified Payment Interface (UPI).
by Nishant Patnaik Dec 27, 2016
SEBI unlikely to allow MF distributors to offer incidental advice
The market regulator may increase the transition period to become an RIA from 3 years to 5 years.
by Nishant Patnaik Dec 26, 2016
AMFI bats for Mutual Fund Linked Retirement Plan (MFLRP)
AMFI has sent its budget wish list to the Ministry of Finance. Among other things, it is believed to pitch for the launch of mutual fund retirement plan with tax incentives in line with NPS.
by Nishant Patnaik Dec 23, 2016
SEBI extends deadline to seek views on alternative investment committee report
The N. R. Narayana Murthy headed committee has recommended a host of measures to develop the AIF industry.
by Team Cafemutual Dec 23, 2016
AMFI to scout for new CEO as Rajendran joins Catholic Syrian Bank
Rajendran had stepped down as the CEO of AMFI last week.
by Nishant Patnaik Dec 23, 2016
Shashi Singh joins IIFL Wealth & AMC as partner
Shashi will be responsible for business development and sales & distribution for IIFL AMC.
by Team Cafemutual Dec 22, 2016
After e-commerce, PE investors eye wealth management firms
ASK Wealth is believed to have raised Rs. 850 crore from US based PE firm Advent International.
by Nishant Patnaik Dec 21, 2016
Bharosa Club launches mutual fund portfolio check for investors
MF investors can evaluate their portfolio by keying in details of their existing funds.
by Team Cafemutual Dec 21, 2016
Beware of unsolicited trading tips offering guaranteed returns: SEBI
SEBI has cautioned people not to fall prey to misleading advertisements and phone calls assuring guaranteed profits.
by Team Cafemutual Dec 16, 2016
Now, SIP without NACH mandate
BSE StAR MF Platform has introduced a service through which IFAs can start SIPs for their clients without any paperwork.
by Nishant Patnaik Dec 15, 2016