MF News

However, SIP discontinuation has come down from the previous month.

Remember that the trail brokerage will generate only after allotment of units to investors. It does not depend on date of NAV applicability.

CRISIL expects the industry’s assets to continue its double-digit growth and cross the Rs.50 lakh crore mark.

The digital campaign aims to educate millennials about tax planning through ELSS.

The 6 schemes received Rs. 330 crore in the last fortnight.

MFDs using nomenclature like advisor/IFA/ wealth manager in their company name will have to incorporate changes by December 31, 2020 to comply with the RIA regulations.

Secondary (traded) bonds offer attractive yields along with good credit quality.

ABSL Mutual Fund has launched Aditya Birla Sun Life ESG Fund. The ESG theme not only gives investors an opportunity to invest in companies that are socially responsible, but can also be financially rewarding.

This SEBI recognized body will be responsible for administration and supervision of Registered Investment Advisers under IA regulations.

The market regulator will revise the maximum permission limit of exit load in mutual funds.

PFRDA does away with requirement of physical in person verification (IPV) to complete KYC.

The conundrum for MFDs and investors is whether to rebalance MF portfolios by selling a portion of equity and invest in fixed income products.

There will be no change in the portfolio and investment process.

While Maharashtra contributes Rs.9 lakh crore to the debt AUM kitty of the MF industry, New Delhi and Karnataka account for Rs.1.48 lakh crore and 1.10 lakh crore respectively.