SEBI has asked fund houses to invest at least 75% of the total corpus across market capitalization with 25% exposure to each - large, mid and small cap stocks.
In the first episode of Cafemutual’s Mindful Musings series, Vishal Kapoor, CEO, IDFC MF said that a simple and fair solution is to arrive at a sharing ratio on commissions across schemes.
AMFI gives six months to nominee or legal heir of a deceased mutual fund distributor to obtain ARN to continue to get trail commission. If a nominee decides not to obtain ARN, AMCs will transfer the assets of deceased ARN holders to other distributors or direct plans.
Overall, the MF industry witnessed outflows of over Rs.14, 550 crore. However, the total AAUM for August rose to Rs.27.78 lakh crore from Rs.27.28 lakh crore in July due to mark-to-market increase in MF assets.
In fact, 29% investors feel that debt funds are more volatile than equity funds, shows an opinion poll carried out during Cafemutual Confluence 2020 Investment Marathon.