IDFC AMC launches its AIF business with equity long and short fund
This is the first fund under AIF Category III.
by Nishant Patnaik Jan 18, 2018
Suresh Soni quits DHFL Pramerica
Ajit will be the interim CEO of the fund house.
by Nishant Patnaik Jan 18, 2018
Six out of 10 SIPs are active for over 5 years
Of the 1.88 crore SIP accounts, 1.06 crore or 57% SIPs have been active for more than five years, shows AMFI data.
by Team Cafemutual Jan 17, 2018
AMFI constitutes a four member group to draft its suggestion on fee vs commission
A group of four AMFI members will finalize AMFI’s feedback on the consultation paper.
by Nishant Patnaik Jan 17, 2018
SEBI seeks relaxation in tax norms for hedge funds
The regulator wants unit based taxation for hedge funds.
by Team Cafemutual Jan 17, 2018
AMFI requests FM to simplify GST norms for MF distributors
Among its key recommendations are extension of reverse charge mechanism beyond March 2018 and exemption for distributors from raising invoice.
by Nishant Patnaik Jan 16, 2018
DSP BlackRock MF launches Arbitrage Fund
The fund NFO will be open from 15 January to 22 January, 2018.
by Team Cafemutual Jan 16, 2018
Prathit Bhobe to join Tata MF as CEO and Managing Director
Bhobe is currently Senior General Manager at ICICI Bank.
by Team Cafemutual Jan 16, 2018
Lessons that I have learnt from my mentor
Leading advisors share the top two lessons that they have learnt from their mentor and how it helped them grow business.
by Team Cafemutual Jan 16, 2018
PFRDA relaxes partial withdrawal norms in NPS
Subscribers who have contributed for at least 3 years can now withdraw 25% of the accumulated corpus.
by Team Cafemutual Jan 15, 2018
Maharashtra contributes 37% equity MF AUM
The state has equity assets of Rs.3.64 lakh crore as on December 2017.
by Padmaja Choudhury Jan 15, 2018
Average AUM reaches Rs.22.61 lakh crore in December
The average AUM increased from Rs.21.45 lakh crore in September 2017 to Rs.22.61 lakh crore in December, a growth of 5.4% in a quarter.
by Team Cafemutual Jan 13, 2018
SEBI wants fund houses to do away with the word ‘Prudence’ from balanced funds
The market regulator is said to have communicated to fund houses not to use the word ‘prudence’ in their balanced funds.
by Nishant Patnaik Jan 13, 2018
‘MF industry has to develop new strategies to generate alpha’
A few strategies that fund managers can deploy include long only, long and short calls and leveraging, says Nilesh Shah, MD, Kotak MF.
by Padmaja Choudhury Jan 12, 2018
