MF News

Although technology is important to retail investors, 82% of them trust a human advisor more than a robo-advisor.

In the wake of rising tension between India and China, mutual fund distributors (MFDs) are willing to go all out to boycott China. In a Cafemutual poll, MFDs said that they have uninstalled all Chinese apps, pledged not to consume Chinese goods in future and promote the 'Boycott China' movement actively.

A report by Motilal Oswal Financial Services shows that fund managers increased their allocation to defensive sectors like consumer and telecom. Meanwhile, holdings in private banks have reduced considerably.

Bajaj Capital Wealth Management gathers 10,000 pledges for ‘vocal for local’ drive.

The Finance Ministry has clarified that investors can invest in tax savings instruments under 80C till July 31, 2020.

Interestingly, new folio addition in B30 cities is higher than T30 cities during nationwide lockdown.

Due to this ongoing turmoil, investors have been sensitised to the idea of loss or lower income in fixed income schemes.

The fund house partnered with Signzy to facilitate video eKYC to onboard new clients.

CAMS has requested MF distributors not to wait for cut off time to avoid over-crowding at the counters and maintain social distancing norms.

Improvement in monetary indicators like growth in mutual fund’s average AUM, increase in forex reserve and so on show that India’s economy is on the improvement path, says the Ministry of Finance.

Indian investors can invest overseas through domestic mutual funds that have dedicated international schemes, fund of funds (FoFs) or directly (equities).

Only Maharashtra distributors can opt for GST composition scheme till June 30, 2020.

Find out how these two MFDs – Brajesh Singh and Vaibhav Rane help clients overcome financial constraints.

UTI AMC will be the third fund house to get listed on BSE and NSE after HDFC AMC and Nippon India MF. Market sources said that the public offer s expected to raise over Rs 3,000 crore.