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‘MFDs can use different names in ARN and website provided it complies with AMFI norms’

Ask us: MFDs will have to explicitly mention on their website that they have ARN in individual name and they are an AMFI registered mutual fund distributor.

by Nishant Patnaik Sep 20, 2024

‘GST exemption on commission income of Rs.20 lakh is applicable for MFDs’

Ask us: The CBIC norms identify MFDs as service providers under the Harmonised System for Nomenclature (HSN) 997152.

by Nishant Patnaik Sep 2, 2024

MFDs can distribute IFSC products without setting up office in GIFT City

MFDs can either become registered distributor of IFSC or directly tie up registered entities like AMCs to sell products listed with IFSCA.

by Nishant Patnaik Aug 22, 2024

Your queries on GST answered

Read on to learn how to comply with the GST norms.

by Nishant Patnaik Aug 15, 2024

‘MFDs should refrain from talking about scheme performance on social media’

Ask us: MFDs can continue to run their social media channels as influencers but they need to ensure that they put educational content.

by Nishant Patnaik Jul 17, 2024

Not all equity FoFs have debt taxation

Ask us: FoFs that invest over 90% of its corpus in listed ETFs are considered as equity funds for taxation.

by Nishant Patnaik Jul 3, 2024

‘B30 incentive will be back but in a new avatar’

Ask us: SEBI will soon reintroduce the B30 incentive, which was discontinued in February 2023.

by Nishant Patnaik Jun 3, 2024

‘In investor initiated AUM transfers, the new MFD gets trail income from seventh month’

Ask us: The new ARN transfer norm will be not be effective retrospectively.

by Nishant Patnaik Mar 10, 2024

Can NRI and OCI invest in mutual funds?

Ask us: Indian PAN is mandatory for NRI and OCI to invest in mutual funds.

by Nishant Patnaik Mar 3, 2024

MFDs have to appoint their nominee at a fund house level

Ask us: There is no centralized or online system to make nomination against ARN.

by Nishant Patnaik Feb 28, 2024

AMFI can suspend MFDs’ ARN for spreading mis-leading information about AMCs

Ask us: MFDs should be careful before putting or posting anything on social media.

by Nishant Patnaik Feb 12, 2024

‘There is no regulation which stops your children from working with an AMC/insurer’

Ask us: However, your children will have to give a declaration to the respective AMC to avoid any conflict of interest.

by Nishant Patnaik Feb 8, 2024

MFDs have to explicitly tell their clients that regular plans pay commission to MFDs

Ask us: MFDs offering online transactions should disclose ‘Regular plans involve payment of commission to MFDs’.

by Nishant Patnaik Feb 7, 2024

Only 5 MFs allow NRIs residing in US and Canada to execute online transaction without any limits

Ask us: Another 9 fund houses allow NRIs from US and Canada to invest in MF scheme albeit with physical presence of clients.

by Nishant Patnaik Jan 29, 2024

Tax arbitrage: SWP, still a tax friendly option for investors seeking regular income

Ask us: Despite similar taxation between dividend and growth option of debt funds, investors have to pay less tax if they opt for SWP.

by Nishant Patnaik Jan 15, 2024

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