MF News

SEBI has asked fund houses to list units of wound up schemes on stock exchange platforms.

In the large cap segment, IT and pharmaceuticals were the top picks by the fund managers in April 2020.

The fund house believes that this move would expedite the monetization process in the six schemes to be wound up.

While 8,600 new individual distributors joined the industry in FY20, the net number of individual MFDs grew up by 3500 last fiscal.

The video campaign tells investors to stay put and invest money whenever there is a sharp correction in the markets.

SEBI has asked fund houses to increase their allocation to safer debt securities like g-sec and treasury bills by reducing their existing holdings in AA+ and above rated instruments.

Harsha, who has led the digital platforms of Axis MF and PGIM India MF, feels that while there may be several risk assessment tools that exist in the market, their unique behavioral approach to risk brings a new dimension of understanding to both the client and distributors.

Of the total 87,630 individual MF distributors, 46% or 40,418 distributors come from B30 locations.

Three individual MF distributors, Prabhakar Kashmira, Rishabh Adukia and K Ravichandran share how they are supporting their clients during lockdown.

The AMC has recorded profit after taxation (PAT) of Rs.4 crore in January-March 2020 quarter largely due to mark to market loss.

Share this article with your clients to make them understand the importance of asset allocation in investment.

Individual investors hold Rs.12.90 lakh crore of assets in the mutual fund industry as on March 2020.

Krishnamurthy Subramanian, Chief Economic Advisor of India, is of the view that yields on long duration papers need to come down. He said that the focus of India's economic policy is not providing freebies. Instead, the aim is to provide temporary liquidity so that temporary distress does not create permanent damage.

In April, the MF industry added 1.11 lakh unique investors, taking the overall count to 2.04 crore investors from 2.03 crore investors in March. This has come amid a nationwide lockdown and volatility in the equity market.

Vinod Jain of Jain Investment shares his work from home experience.