MF News

The total AUM of ETFs cross Rs. 2 lakh crore.

The new rules will be applicable from January 1, 2021.

Shares of CAMS will be available at Rs.1229-1230 per share. The company aims to raise Rs.1500 crore through this IPO.

The parliament may table a bill to ban trading in cryptocurrencies like bitcoin.

The upcoming episode, ‘Grow Your Business, Regardless of Markets’ aims to equip MFDs with actionable ideas to build a sustainable business.

Yogesh Patil will become the Head-Equity of the fund house.

Fund houses have an option to facilitate switch to other schemes by unitholders, merge their multi cap scheme with their large cap scheme or convert their multi cap scheme to another scheme category, for instance large and mid-cap scheme category.

However, if a nominee wants to do fresh business or generate trail income on SIP inflows, he has to obtain new ARN and transfer assets.

AMFI has welcomed SEBI clarification on asset allocation to multi cap funds.

At Cafemutual Confluence 2020 Investment Marathon, Sachin Relekar, CIO-Equity, LIC MF shared a few tips to get the best out of mutual funds.

SEBI has asked fund houses to either make their existing multi cap fund a large cap fund or merge it with other schemes like large and mid-cap funds if they do not wish to offer multi cap funds with the new exposure norms.

Three individual MFDs- Srikanth Matrubai, Santosh Kumar Mahapatra and Viren Dobariya, VKDwealth share how they are rebuilding their clients’ confidence in mutual funds.

PMS operating in IFSC can accept a minimum investment of $70,000.