MF News

Also, 5 MFD associations receive the ‘most influential’ award.

IPO of Go Digit Insurance has not received SEBI’s go ahead for now.

A report released by Credit Suisse shows that per capita wealth of adult in India has increased by 10% to reach $15,535.

Even if you appear for CPE before the expiry date of your ARN, the renewal may get delayed due to external factors.

Deepak Agarwal will be the new CIO – Fixed Income of Kotak Mutual Fund.

However, majority of MFDs would not be affected as they do not charge transaction charges from their clients.

India is home to 1103 wealthy having net worth of over Rs.1000 crore each.

‘SEBI keen on supporting financial inclusion to bring bottom of the pyramid investors’

In response to a story published on September 13 titled ‘Mutual funds distributors outside the purview of our regulation: SEBI’ on Cafemutual, AMFI has clarified that mutual fund distributors are under SEBI’s purview.

PFRDA announces reduction in timelines of various transactions under NPS to enhance experience of subscribers.

Jamnagar MFD Dharmendra Mehta of dpwealthzone talks about learning, leveraging social media and using BSE StAR MF.

All existing folios without nomination will have to opt for or out of nomination by March 31, 2023.

At FICCI conference, Union Finance Minister Nirmala Sitharaman said that the government is working on a single know your customer (KYC) system.

They were managing an average AUM of Rs. 13.5 lakh crore and netted gross commission earnings of Rs. 10,420 crore.

In August 2022, 97% of the total AUM has come from individual investors which includes both retail and HNIs.