MF News

Banks will now have an option to offer lower interest rate than that of savings account if they enter into a contract at the time of opening of an FD account.

In the top 20 list, Mirae Asset MF was the biggest gainer in terms of rankings. The fund house rose two spots to the 11th position during the June quarter.

The number of top individual distributors has grown by 51% from 962 in FY 2019-20 to 1456 in FY 2020-21, says a report released by IDFC Mutual Fund.

AMC becomes signatory of UN-PRI, a network of investors that supports sustainable investing.

With this, you can renew your ARN till October 01, 2021.

Relief for Kudva comes after SAT stayed SEBI order banning Franklin Templeton MF from launching debt schemes for two years.

The webinar aims to help investors make an informed choice.

RIAs cannot demand any fees if they refer their clients for services not offered by them, said SEBI.

Legal heirs of deceased MFDs will have to procure ‘legal heir certificate’ from the relevant authorities before claiming trail commission on deceased MFD’s assets.

Harsha Upadhyaya, President & Chief Investment Officer - Equity, Kotak Mahindra MF, George Heber Joseph, CEO and CIO, ITI Mutual Fund, Neelotpal Sahai - Head of Equities, HSBC MF and Sorbh Gupta - Fund Manager, Equity, Quantum AMC share their views on the equity market.

Dhawal Dalal of Edelweiss MF, Marzban Irani of LIC Mutual Fund and Sandeep Agarwal of Sundaram MF share their views on the debt market.

NISM said that ARNs expiring between March 15,2020 and September 30, 2021 continue to remain valid till October 1, 2021.

Among some key benefits to ‘Accredited investors’ are low ticket size, negotiable fee structure and relaxation in investment norms.

SEBI has done away with the existing norms on skin in the game in which it asked fund houses to put a maximum of Rs.50 lakh per scheme.

The tribunal believes that only profit in lieu of managing wound up schemes could have been refunded.