MF News

To understand how MFs are dealing with the inflows in this volatile market, look at what they bought and sold in December.

Beyond Business: A peek into the life of Waqar Naqvi MD and CEO, Taurus MF.

One of the major roadblock for IFAs is the change in MF industry’s commission structure.

On October 17, a Finance Ministry circular had tagged fund houses with more than 50% foreign shareholding as overseas investors.

The decision comes amid uncertainty over Vodafone Idea’s ability to retain financial solvency.

SEBI has proposed allowing individual RIAs to offer distribution services along with fee based advisory model.

Among its key requests are introduction of debt linked savings schemes, mutual funds linked retirement plans and uniform tax treatment between equity funds and ULIPs.

Soon Axis MF will launch Axis ESG Equity Fund. The NFO will open on January 22.

Sectors such as auto, telecom, corporate banks and pharmaceutical companies, which had seen a cyclical downturn could see a recovery, said Mahesh Patil, CIO, Aditya Birla Sun Life MF.

As on December quarter, over 16 fund houses have debt AUM of over Rs 10,000 crore.

The MF industry has added 26 lakh new investors in just one and a half years.

The company received in-principal approval of SEBI on December 12.

While most institutional investors like EPFO participate in equity growth story through ETF route, retail investors’ interest in equity ETFs is also picking up of late largely due to low cost and lacklustre performance of many equity funds.

In terms of equity AUM, HDFC MF and ICICI Prudential MF continue to retain the top two spots.

Distributor can now execute financial transactions and on-board new clients through this platform.