Kailash Kulkarni, Chief Executive, L&T MF shares his experience on the Cafemutual Confluence, the company’s roadmap and his views on covid-19 pandemic's impact on the MF industry.
Franklin Templeton MF said that between April 24 and July 31, the fund house received RS.4280 crore from maturities, pre-payments and coupons of six wound up schemes. The fund house has also dismissed media reports that said the fund house could face SEBI heat as a forensic auditor has submitted adverse findings against the fund house.
While AMFI code of conduct for MFDs clearly says that distributors cannot offer discount, passback or bonus to investors in lieu of MF investments, there is no such guidelines for RIAs as they do not receive commission.
At the end of June, nearly 17.8% of industry’s total SIP AUM has remained active for over 5 years in the MF industry. A quarter ago i.e at the end of March, the number stood at 18.5%, only marginally higher than June.
The national distributor offers host of products like mutual funds, insurance, NPS and services like retirement planning, financial assessment, tax saving solution on its website.
With this, fund houses have been asked to disclose macaulay duration, modified duration, average maturity and yield to maturity of debt securities separately in monthly factsheets.
Neelotpal Sahai, Head of Equities of HSBC MF, Shridatta Bhandwaldar, Head - Equities of Canara Robeco MF and Vinay Paharia, CIO of Union MF share their outlook on equity markets.
Cafemutual is an independent media platform and focuses on providing knowledge and information for the benefit of finance professionals. We do not promote any particular brand or asset category.
