MF News

UTI Mastershare Unit Scheme was launched in October 1986. It is the first market linked diversified equity fund.

Acknowledging the role played by IFAs in the growth of the industry, SEBI chief U K Sinha said that they need to change with time.

Rajiv Shastri, Managing Director & Chief Executive Officer, Peerless MF talks to Cafemutual about how his fund house is reaching out to investors in B15 markets and more.

The guidelines for registration and operations will be issued shortly.

VK Sudharsan is the new president of Chennai based IFA Galaxy association.

IFAs can sell SGBS through stock exchange platforms like BSE Star MF and NSE NMF II.

Earlier fund houses like DSP Blackrock and SBI MF had curbed investments in their respective mid-cap funds.

Portfolio managers witness a healthy 17% AUM growth in the last one year which was largely on account of growth of assets in non-discretionary PMS and advisory services.

Also, existing RIAs can upload their compliance reports online.

The Gujarati edition of ‘Riding the Roller Coaster’ book is already among the top 100 business books on Flipkart even though the book is yet to be released.

Distributors will have to scan and upload investors KYC documents and cancelled cheque copy on the platform for online IIN (individual identification number) activation.

Prior to joining Edelweiss, Dhawal Dalal was heading fixed income at DSP Black Rock AMC.

Reliance Mutual Fund and DSP BlackRock have started offering instant redemption facility in their ultra-short term funds which helps investors get money in their bank accounts any day 24X7.

Following this move, stock exchanges could start offering direct plans on their platforms.

Gopal Srinivasan, Chairman of TVS Capital and other investors have acquired a majority stake in Lovaii Navlakhi’s firm International Money Matters.