MF News

In a unique attempt to make Cafemutual Confluence 2016 truly participative, a contest was held inviting recommendations for speakers and topics.

The federation will appoint key office bearers in the forthcoming meeting scheduled to be held on June 30 in Mumbai.

Fund houses had sought an extension from May 1 to June 30 from SEBI to comply with March 18 circular.

India achieved a retirement readiness rating at 7.3 which is higher as compared to last year’s ranking.

Value Research (VR) shows that most fund houses have voted either in favour of proposals (83%) or abstained (12%) from voting in the proposals of their investee companies in FY15-16.

The WRAP allows IFAN’s associates to use the model portfolios or create their own portfolios based on the best schemes recommended by IFAN.

Fund managers expect heightened volatility in the near term and say that the turmoil presents an opportunity for select buying.

Fund officials feel that there are many more issues which need to be addressed for offshore fund managers to relocate to India.

The department has also clarified that Foreign Account Tax Compliance Act (FATCA) can also be done through internet banking platform.

Fund houses are supposed to submit self-declaration of all investors who had invested in mutual funds between July 1, 2014 and August 31, 2015 before August 31, 2016.

PPF subscribers now get more liquidity.

Canara Robeco, DSP BlackRock and Invesco have introduced unclaimed redemption and dividend plans under their liquid schemes.

A Willis Towers Watson study titled ‘Understanding and preparing for retirement adequacy in India’ shows that millennials in India feel that they are less likely to be better off when they retire as compared to their parents.