MF News

Amandeep Chopra, Group President and Head-Fixed Income, UTI MF explains what lies ahead for debt funds.

Some experts believe that despite compliance challenges and cap on fees structure, RIA model remains lucrative.

SEBI’s new guidelines on RIAs has done away with the proposal in which RIAs were asked to surrender ARN of their family members.

In fact, Chennai based MFD Association, Independent Financial Professionals and Association has written to AMFI to issue clarity on names that can be used to comply with the new regulations.

You can complete KYC of clients through Tata AMC website.

Earlier in August, SEBI had permitted trustees to appoint a dedicated officer by October 1 to assist them in their work. SEBI said in a recent circular that the deadline has been extended till January 1, 2021, after receiving a representation from AMFI.

AMFI will extend validity of ARNs expiring between March 15 and December 30 till December 31.

Here’s what has happened in the MF industry in the month gone by.

There is a belief that you cannot generate alpha in large cap funds. However, it is a myth. There is enough money to be made with less volatility and low probability of capital loss in the large cap compared to small and micro cap, says Anoop Bhaskar, Head- Equities, IDFC MF.

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.

Ajay Tyagi, SEBI Chairman has urged fund houses to live up to the expectations of investors in carrying out fiduciary responsibility towards them.

Fee under AUA model is capped at 2.5 percent on the total assets per family per annum.

The share of B30 cities in the total MF industry AUM has hovered around 15-17% over the last four years, said SEBI Chairman Ajay Tyagi.

A Balasubramanian, Ashutosh Bishnoi, Saurabh Nanavati and Sundeep Sikka were reelected as directors.

SEBI Chairman Ajay Tyagi has asked fund houses to outperform their respective benchmarks.