MF News

SEBI Chief Ajay Tyagi expressed the need to move down on the rating curve.

Currently, retail investors take exposure to g-secs through mutual funds.

The new AMFI norms which allow AMCs to shift your assets to other distributors or direct plan if you delay renewing your ARN will be applicable from August 1, 2020.

While the MF industry has witnessed a decline in new SIP registration in April-June quarter, there has been a marginal increase in SIP discontinuation.

Chennai MFD S Ravikumar passed away due to cardiac arrest last week. He was an active member of IFA Galaxy.

Three distributors- Rajesh Hattangady, Praful Patil and Srinivas Subudhi share with us two hobbies they picked up during lockdown.

CII whitepaper notes that risk management by distributors is an important aspect to keep alive investor trust in mutual funds. It also highlights important steps that credit rating agencies and AMCs should take to avoid credit events.

AMCs can now give your clients to other distributors or simply shift their assets to direct plans if you do not renew your ARN within three months of its expiry: AMFI

The MF industry added over 68 lakh folios in FY 2019-20.

Aayan Mahajan (music), Purvangi Shah (dance) and Rohit Hunari (standup) have secured the first position in their respective categories.

Among the key changes are allowing transferring of assets from national distributors to sub distributor, doing away with requirement of obtaining written consent if transfer is due to the death of distributor and suspension of ARN if it is not renewed within six months.

The fund house had enabled side pocketing in UTI Credit Risk Fund and UTI Medium Term Fund after the securities of Zee Learn were downgraded to below investment grade.

While the assets managed by top MFDs rose by a marginal 0.3% in FY 2019-20, the gross commission earned by them declined by nearly 23%.

Industry AAUM declined 9% in June quarter with 39 AMCs witnessing fall in assets.