Your clients can complain against AMCs through SEBI Complaints Redress System (SCORES)
Fund houses will have to redress the complaint within 30 days.
by Team Cafemutual Mar 31, 2018
While the overall equity AUM decreased in February, retail AUM in B15 towns increased
The AUM from B-15 towns in the retail segment increased marginally, by Rs.230 crore, to reach Rs.3.24 lakh crore in February.
by Padmaja Choudhury Mar 31, 2018
Inflow in arbitrage funds falls by 88% in February
Net inflows were Rs.799 crore.
by Padmaja Choudhury Mar 30, 2018
Investors open more lump sum folios than SIP accounts
Lump sum folios exceed SIP accounts by 4 lakh plus
by Padmaja Choudhury Mar 30, 2018
Chennai adds more equity AUM than Mumbai
The southern metropolis added nearly Rs.50,000 crore to its equity kitty in seven months, overtaking Mumbai.
by Padmaja Choudhury Mar 30, 2018
Aadhaar not required for fresh MF transaction till further notice: AMFI
Asks AMCs and R&Ts to maintain status quo and not reject fresh MF transaction on account of Aadhaar.
by Nishant Patnaik Mar 30, 2018
Angel investors can invest up to Rs.10 crore in start-ups through VC firms
In addition, an angel fund can start with a minimum corpus of Rs.5 crore, down from Rs.10 crore.
by Team Cafemutual Mar 29, 2018
SEBI reduces expense ratio in open-ended mutual funds
Now, fund houses can levy only up to 5 bps in lieu of exit loads in open-ended schemes.
by Team Cafemutual Mar 29, 2018
Aadhaar mandatory for fresh MF investments from April 1, 2018
AMFI has reportedly asked fund houses and R&Ts to open a new MF account only if investors furnish Aadhaar details.
by Nishant Patnaik Mar 29, 2018
Your clients can initiate SIP mandate in 2 days through CAMS
CAMS introduces paperless Pan based e-mandate facility to reduce the turnaround time to start a SIP.
by Team Cafemutual Mar 28, 2018
AMFI and Times Network launch a new IAP campaign ‘Jan Nivesh’
The campaign will urge citizens to take a pledge to invest one day’s income in mutual funds every
month.
by Team Cafemutual Mar 28, 2018
SEBI may put restriction on fund houses charging 20 bps in lieu of exit loads
SEBI may also ask fund houses to reduce the use of paper under its ‘go green’ initiative.
by Nishant Patnaik Mar 28, 2018
‘Large and mid/small cap categories were the least consistent in style’
Many funds, both in equity and debt category did not remain true to their label.
by Padmaja Choudhury Mar 27, 2018
Direct plans have little or no impact on distribution business: Cafemutual online poll
Over 43% IFAs said direct plans do not have any adverse effect on their business.
by Nishant Patnaik Mar 23, 2018
Fund houses line up schemes to strengthen product offerings
While few emerging fund houses plan to expand their product suite, the larger fund houses are gearing up for the future with passive funds.
by Padmaja Choudhury Mar 23, 2018