MF News

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.

An august gathering comprising CEOs and senior fund officials, bankers, IFAs, wealth management heads, network and bond at the daylong event held in Mumbai.

John Praveen, MD and Chief Investment Strategist, Prudential International Investment Advisers USA, said that factors like growing GDP, attractive demographics and stable government will help accelerate growth.

AMFI has received seven fresh nominations - Anthony Heredia, Dilip Kumar Mandal, Harsha Viji, Nilesh Shah, Sanjay Sapre, Sarojini Dikhale and Suresh Soni to join the AMFI board.

SEBI Chief U K Sinha is expected to address fund officials.

RIAs need to register with R&Ts and provide client consent letters to CAMS and Karvy to get direct plan feeds.

The total folio count across all categories in August 2016 is close to 5 crore.

The fund house claims that distributors can register with the fund house within 10 minutes through this app.

NPS is seen as a strong pillar in supporting retirement needs for the future but there has to be greater employee awareness to leverage NPS effectively.