MF News

14% of those wanting to retire within the next 5 years believe that they cannot afford to do so.

Distributors will get upfront commission of 95 basis point and 99 basis point on collections exceeding Rs. 20 crore.

Insurers are aware about the fintech revolution but are hesitant to make it a part of their strategy.

AMFI has written to the Ministry of Finance requesting it to freeze the non-FATCA compliant accounts instead of closing them if MFs fail to get self-declaration from investors by August 31, 2016.

Indians are culturally known to save more than their counterparts in the western world. Yet, confidence in the current level of savings for retirement reduces as one gets closer to retirement.

Soon, bank KYC will suffice for investing in all financial products, including mutual funds.

PFRDA has mandated retirement advisers to obtain certification from NISM by passing NISM-Series-XVII: Retirement Adviser Certification Examination to sell NPS.

We have to create awareness in a competitive market that will reduce costs by itself, SEBI chief U K Sinha tells Economic Times in an interview.

The market regulator will soon come out with e-commerce distribution guidelines that will push sales of direct plans, said SEBI chief U K Sinha in an interview with Economic Times.

There seems to be a renewed interest in this category.

The fund house claims that it will credit the money in investors’ bank account in a maximum of 30 minutes any time of the day, 365 days a year.

Of the 15 countries surveyed, India has the highest proportion of habitual savers (59%) followed by US (54%).

If we include ELSS and ETFs, equity as a category has received net inflows of close to Rs. 1,300 crore.