MF News

Of the 55% respondents, 35% prefer buying insurance through agents while 20% prefer online aggregators like Policybazaar.

IFAs and NDs also command a lion’s share in terms of new SIP accounts activated in the month of April.

While large cap funds witnessed a surge in new folios, a sharp fall in multi cap funds capped the net folio increase.

Top 15 fund houses account for 94% of the total industry folio.

IFAs claim that while distributors get 80 bps trail commission on assets under advisory built after 2015, they get only 15 – 30 bps on assets mobilized before 2015.

SEBI today shared a discussion paper on strengthening the insider trading reporting framework and installing an informant reward policy under Prohibition of Insider Trading (PIT) regulations.

Industry saw inflows of around Rs. 77,000 crore in May 2019 of which around Rs.5,000 crore came from equity funds.

In a letter submitted to SEBI, MFD Universe has urged SEBI to introduce a qualifying exam for direct plan investors so that they take informed decision.

Among distribution channels, IFAs top the chart with equity gross sales of Rs. 5,061 crore.

SEBI wants to know methodology behind various commission slabs that fund houses follow.

The fund house has also introduced exit loads to restrict fresh subscription.

The fund house will use this facility to mitigate risks in Tata Corporate Bond Fund, Tata Medium Term Fund and Tata Treasury Advantage Fund.

Sundeep Sikka, Executive Director and CEO, Nippon Life AMC shares Nippon Life’s plan for the Indian business.

Most fund managers recommend advisors to look at short to medium term funds.

Experts share that unless rerating happens increase in NAV is unlikely.