MF News

Aadhaar seeding no longer mandatory in mutual funds

Also, MF industry awaiting clarity on applicability of Aadhaar based eKYC.

by Nishant Patnaik Sep 28, 2018

The NFO of Sundaram Services Fund collects Rs.1019 crore

The fund house has received over 86,000 applications during NFO.

by Nishant Patnaik Sep 28, 2018

ICICI Prudential MF to launch its retirement fund

The scheme will not have tax benefits under the section 80C.

by Nishant Patnaik Sep 28, 2018

‘Fund houses should be allowed to pay upfront commission of Rs.1000 to distributors’

SEBI Member Madhabi Puri Buch gives a patient hearing to AMFI.

by Nishant Patnaik Sep 26, 2018

Mukesh Ambani has more wealth than the AUM of India’s no.1 fund house

India is home to 831 wealthy having net worth of over Rs.1000 crore each

by Team Cafemutual Sep 26, 2018

AMFI board has three new members

Vishal Kapoor, Prathit Bhobe and G Pradeepkumar join AMFI board.

by Nishant Patnaik Sep 26, 2018

No more commission to PSU bank employees for selling mutual funds, insurance

Industry experts believe that there will be no impact of this move on distribution of third party products.

by Shreeta Rege & Nishant Patnaik Sep 26, 2018

‘Ban on upfront commission will benefit large fund houses’

A Citi India report on the key takeaways based on its meeting with HDFC AMC suggests that TER rationalization would have moderate impact on most equity fund

by Nishant Patnaik Sep 25, 2018

IIFL Wealth acquires Bengaluru-based fintech firm, Altiore Advisors

Altiore is into data analytics of clients’ net worth.

by Team Cafemutual Sep 25, 2018

Now, your clients can invest in Karvy serviced fund houses through UPI

Karvy Computershare has introduced a new mode of payment in its mobile app KTrack through which your clients can invest in mutual funds through UPI.

by Nishant Patnaik Sep 25, 2018

B30 assets stand at Rs.3.60 lakh crore now

B30 assets grow by 6.1% since launch in April 2018.

by Team Cafemutual Sep 24, 2018

25 years of private mutual funds. Then and now

A narrative on 25 years of private mutual funds in India.

by Nishant Patnaik Sep 24, 2018

Maharashtrians, Delhiites and Gujaratis love equity mutual funds

Amongst the top three states in terms of equity AUM, Maharashtra, Delhi and Gujarat have recorded the highest monthly growth in assets.

by Team Cafemutual Sep 21, 2018

Madhabi Puri to meet MF official on September 25

MF officials expect to get clarity on TER rationalization.

by Team Cafemutual Sep 21, 2018

20 lakh investors use myCAMS app

The app has added 10 lakh new investors in a year.

by Team Cafemutual Sep 21, 2018

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AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

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