MF News

Govt. reduces TDS on NRIs investing in mutual funds based on tax treaty

The revised TDS rate on NRIs in mutual funds is proposed to be 20% or less depending on the tax treaty. Currently, fund houses deduct TDS of up to 30% on NRIs.

by Nishant PatnaikFeb 2, 2023

Budget 2023: This is what matters to you the most

Here is a quick preview on the things that will impact you.

by Nishant PatnaikFeb 1, 2023

Debt Outlook: Here’s a glimpse into February 2023

Deepak Agrawal of Kotak MF, Sandeep Bagla of Trust MF and Vikrant Mehta of ITI MF share with us their debt outlook.

by Karishma GagwaniFeb 1, 2023

Equity Outlook: What can you expect in February 2023?

Alok Singh of BOI MF, Amit Nadekar of LIC MF and Christy Mathai of Quantum MF talk about the equity market and share their near-term outlook.

by Karishma GagwaniFeb 1, 2023

ABSL AMC reports net profits of Rs.166 crore in Sep-Dec 2022

The AMC added one lakh new folios and registered 2.26 lakh new SIPs in December 2022 quarter.

by Team Cafemutual Jan 31, 2023

SIPs in liquid funds and index funds gain traction

AMFI data shows that the number of live SIP accounts in liquid funds and overnight funds has increased by 71% to reach 8.02 lakh in the last one year.

by Karishma GagwaniJan 31, 2023

NISM to start eCPE from February first week

Most likely, NISM may commence eCPE from February 1.

by Nishant PatnaikJan 31, 2023

What is your state/UT’s contribution to the industry’s average AUM?

The industry data shows that Maharashtra, New Delhi and Gujarat form more than half of the industry assets.

by Team Cafemutual Jan 30, 2023

‘Improving standard of living is the top priority of Indian investors’

DSP MF’s ‘Winvestor Pulse 22’ report shows that saving for retirement is the next top investment goal.

by Karishma GagwaniJan 30, 2023

17,000 new individuals enter MF distribution business in nine months

The MF industry added 16,800 new individual MFDs in April-December 2022 compared to 14,700 in April-December 2021, a growth of 14%.

by Karishma GagwaniJan 30, 2023

Vinay Paharia is the new CIO of PGIM India MF

Srinivas Rao Ravuri and Aniruddha Naha will lead international and AIF businesses.

by Team Cafemutual Jan 27, 2023

MFs to settle redemption in T+2 cycle from Feb 1

Currently, MFs have been settling redemption requests in T+3 settlement cycle.

by Team Cafemutual Jan 27, 2023

NISM will no longer conduct certification examination ‘online’

Also, NISM has temporarily suspended eCPE training.

by Nishant PatnaikJan 27, 2023

Net SIP inflows grow almost 2x in Dec 2022, form 43% of gross inflows

Monthly net SIP inflows increased from Rs. 3,257 crore in November 2022 to Rs. 5,869 crore in December 2022. Also, the net to gross ratio improved from 0.24 to 0.43.

by Team Cafemutual Jan 25, 2023

HDFC AMC’s quarterly net profit grows to Rs.370 crore

The fund house claims to have market share of 12% in the MF industry.

by Team Cafemutual Jan 25, 2023

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