MF News

Any payments (other than commission) made in the form of gifts/rewards, trips, event sponsorships etc. to distributors will be apportioned and displayed at investor/scheme level.

This association aims to set standards and provide a voice for the emerging alternative investments sector in India.

SEBI Chairman U K Sinha has reportedly asked fund houses to improve their disclosure standards.

SEBI Chief UK Sinha has reportedly questioned fund houses about what stops them from promoting direct plans.

Household investments in equities has grown from Rs. 53,300 crore in FY 2014-15 to Rs. 91,800 crore in FY 2015-16, shows RBI data.

Anthony Heredia, Harsha Viji and Nilesh Shah join AMFI board.

Sinha has reportedly said that if the market regulator was against distributors SEBI would not have allowed them to charge an additional Rs.100-Rs.150 transaction charge from investors.

The regulator will float a consultation paper proposing certain changes to RIA regulations.

Mumbai based Ronak Hindocha has launched a platform called ‘IFAnow’ which enables advisers to create financial plans and execute transactions.

Besides ICICI, six more fund houses were reportedly in the race to win this mandate.

Here is the summary of Cafemutual EY report titled ‘Mutual Funds: Ready for the next leap’

If an investor has invested in a regular plan, the details of TER of direct plans will not be reflected in the consolidated account statement.

SEBI has asked AMCs to mention that the commission figures are gross and does not exclude costs incurred by distributors such as service tax, operating expenses, etc.

Technologies such as mobile, social media, big data and analytics, cloud and artificial intelligence are key growth enablers for the mutual fund industry facilitating seamless customer acquisition and real-time efficient processes.