MF News

Sapient Wealth, Pioneer Client Associates and Bluechip Corporate Investment are the top three boutique MF distribution companies.

Harshavardhan Bhusari’s new song ‘Chhodo Bachat Ki Batein’ uses the tune of ‘Chhodo Kal Ki Baatein’ and simplifies mutual fund investing.

Odisha MFD Purnendu Ray of Konsultant Ray takes us through how he acquires clients through storytelling, creates financial security net for clients’ family and leverages BSE StAR MF to grow business.

AMCs along with RTAs will now be held responsible if they promote their apps to investors who are not directly acquired by them.

In terms of average AUM, SBI tops the list; NJ India and HDFC follow SBI for second and third position.

4 MFDs - Amrita Mishra, Ashwin Sorte, Rohit Grover and Keval Jethi won the contest launched by Cafemutual.

AssetPlus offers a badge titled ‘Financial Freedom Fighters’ to MFDs.

SKIFAA has re-appointed Chetan Nandani as the president of Gujarat-based MFD association SKIFAA.

The number of individual MFDs with over Rs. 100 crore debt AUM declines marginally to 205 in FY 2022 as debt fund sales go down and redemptions pick up.

The folio count increases from 13.47 crore as on June 22 to 13.56 crore as on July 22.

SEBI found that the company did not conduct internal audit citing it neither offered advice nor charged fees.

Additionally, it honoured 18 MFDs with AMC legacy awards, 20 MFDs with MFRT Taj Qualifiers awards and 63 MFDs with MFRT Imperial Qualifiers awards.

Macrotech Developers was the most sold largecap stock for the second straight month, followed by Vedanta and Indus Towers.

Themed ‘Marching Towards Rs.100 lakh crore’, the event will discuss the future path for the MF Industry.

The new entity is Tata Pension Management Limited.