MF News

Seven fund houses get more than 40% through direct route.

Manish Mehta, Head of Sales & Marketing, Kotak Mutual Fund shares with us his work from home experience.

Radhika Gupta, CEO, Edelweiss shares with us her experience of working from home.

The fund house has contributed Rs.4 crore to the PM Cares Fund and Rs.1 crore to the CM Relief Fund Maharashtra.

Premal Pipalia, VP & Head at Franklin Templeton Academy (India) talks about courses and training programs offered by FT Academy for distributors.

March brought mixed emotions to the MF industry. While AUM of Rs 5 lakh crore has been wiped out, equity schemes witnessed net inflows of Rs 11,700 crore, the highest in FY 2019-20.

We spoke with D.P. Singh, ED & CMO (Domestic), SBI MF to understand what has worked in their favour, how the fund house plans to grow in future and how would covid-19 impact the MF industry.

Vishal Kapoor, CEO, IDFC Mutual Fund says that the current situation is a grim reminder of how little we know or control.

Many fund houses have said that they will deduct TDS irrespective of dividend income i.e. 10% TDS to be deducted even if the dividend income does not exceed Rs.5000.

Here is a list of top 20 fund houses and their assets in T30 cities.

Following the sharp correction in the small cap space, Nippon India MF, DSP MF and SBI MF have removed the maximum investment limit in their small cap funds.

SEBI shortens cut-off timing for subscription and redemption in MF schemes.

Amidst the corona pandemic, 20 out of the 41 fund houses saw an increase in their AUM.

With this, fund houses and AIFs will get time to follow the norms by July 1, 2020.

Meanwhile, usage of online transaction apps offered by RTAs like CAMS and KFintech has increased drastically during lockdown.