MF News

Maharashtra tops across all mutual fund scheme categories.

Naveen Daga started as a cashier in a saree shop and today, he runs a successful MF distribution business.

Overall, the investor complaints have fallen by 20% in FY 2021 compared to the previous year.

This is the third fund in the series of close end real estate funds.

AMFI revises the list of T30 cities for this year.

Despite physical limitations, Mumbai MFD K Jayaraman manages a successful MF distribution business.

The MF industry’s AUM now stands at Rs.33 lakh crore.

On Monday, the market regulator had introduced a new metric to highlight risks that a debt fund manager can take to manage funds.

The association is ready to extend a helping hand to distributors to complete the nomination process; will also help family members of deceased MFDs to obtain trail commission.

Bembalkar was the fund manager of Canara Robeco MF.

Expressing discontent over SEBI’s order, the fund house said that the decision to wind up scheme was taken with an objective of preserving value for unitholders.

The MF industry has added nearly 80 lakh folios in FY 2020-21 as against 68 lakh folios in FY 2019-20.

The regulator has also asked the fund house to refund fund management fee of Rs.512 crore to unitholders of the wound up schemes.

The market regular introduces new metrics to highlight risks that a debt fund manager can take to manage funds.

The fund house will offer an employment opportunity to a family member along with financial assistance of at least Rs.20 lakh to the entire family if an employee dies due to any medical condition.