MF News

Overall, average monthly spending of Indians reduced by 40% over the last 4 months, says ET Money report.

Recently, AMFI specified more monthly disclosure norms in debt funds to increase transparency.

Sourabh Jain’s first book narrates financial concepts such as the importance of goal-based planning, behavioural science, investment discipline and so on in a cinematic way.

While close to 17% taxpayers earn between Rs.5 lakh and 10 lakh, 7% of the total taxpayers fall in the income range of Rs.10 lakh - Rs.50 lakh. Only 1% of taxpayers declare an income over Rs. 50 lakh a year.

While A Balasubramanian of Aditya Birla Sun Life was adjudged the CEO of the year, Ajay Tyagi of UTI MF bagged the best equity manager.

Krishnamurthy Subramanian, Chief Economic Advisor to the Government of India believes that these are extraordinary times and they require extraordinary measures.

IDFC Mutual Fund enables video KYC facility for investors.

DTSM which are used to stamp the date and time of mutual fund applications was tampered to favour certain investors so that their units can be redeemed at a higher NAV, finds SEBI.

Many fund houses have reduced costs incurred on marketing and distribution of their schemes.

The total cash flow received till now has reached nearly Rs.5,000 crore. This is around 19% of the Rs. 26,000 crore that FT MF owes investors.

Over 13,000 distributors participated in ITI MF with Tattva Talks digital event on July 29. Read on to know 7 key takeaways from the session. 

CRISIL has shortlisted top performing funds in liquid, corporate bond and banking & PSU funds based on past performance, liquidity, mean return, volatility, asset quality and duration.

Despite lockdown and extreme market volatility, the mutual fund industry managed to add 3.43 lakh new investors in the last five months.

While prime residential properties prices went up marginally in Bengaluru and New Delhi, they declined in India’s commercial capital Mumbai.