MF News

At a recently held Cafemutual Confluence Investment Conference 2021 (CCIM 2021), the renowned author Harold Pollack believes that advisors/MFDs offer great value. However, they should focus more on planning clients’ goals instead of picking up funds for them.

Dinesh Pangtey, CEO, LIC MF talks about the importance of investor education and initiatives taken by the fund house.

In FY21, their revenues were Rs 1,043 crore and Rs 915 crore respectively, shows Care Advisory Research and Training report presented by Anand Rathi Wealth in its draft IPO prospectus.

Mohanty had retired from UTI Mutual Fund as President and Head of Sales.

Jinesh Gopani, Head-Equities, Axis Mutual Fund talks about opportunities in overseas markets, valuations across the world markets and more.

These three fund houses collectively manage Rs. 2.47 lakh crore of retail AAUM.

The fund house has released a video to highlight the role of MFDs in investors’ life.

The platform will help MFDs onboard new clients and execute transactions completely digitally.

Surjitt will manage PMS schemes for the AMC.

Even if an RIA enters into a non-commercial agreement with the broker, he/she cannot offer investment products with embedded commission.

The fund category is likely to surpass large-cap funds in terms of AUM as investors and MFs shift focus to the flexible option in MF space.

Of the total new folios of 1.45 crore opened in FY 2021, RIAs, fintech companies and individual MFDs have added 70 lakh new folios or 50% of the total folios.

Prior to this, Anunaya was heading the retail sales division at Invesco Mutual Fund.

AUM per capita is the total AUM of the state divided by the total number of folios.

Individual investors prefer distributors to invest in mutual funds with 80% of their assets invested in regular plans.