MF News

The industry has added close to 3.80 lakh folios across all categories in May, show SEBI data.

The regulator has urged public to look at the list of SEBI RIAs and research analysts before seeking any investment advice from individuals and entities.

Increased focus towards grievance redressal helped as many as 22 fund houses witness a decline in investor complaints.

To assess the appetite for financial wellness programs among employers and financial advisors, a research conducted by financialplanning.com shows that employers are deeply concerned about their employees’ financial stress but don’t know much about financial wellness programs that could help them.

India will have investible corpus of $1.5 trillion by 2025, providing a huge opportunity to the wealth managers.

Also, only 3% of the total net worth of Ultra HNIs are currently managed by advisors, implying a huge untapped opportunity for wealth managers, finds Cafemutual - EY report called ‘Winds of change – wealth management reimagined’.

The report will give fresh insights on key issues of the wealth management industry like balancing interests of all stakeholders, impact of robo advisors and ensuring growth and development.

As on May 2016, its equity AUM stood at Rs. 11,159 crore.

The market regulator has reportedly asked AMCs to promote direct plans in investor awareness programs.

Volatility in equity market made HNIs move to alternative investment funds.

The regulator believes that the costs of Indian mutual funds are higher than those in other countries.

The India Post Payment Bank (IPPB) will sell financial products like mutual funds, insurance and pensions with focus on rural, semi-urban areas and the unbanked and under-banked segments.

UTI has the highest investor base (1.05 crore) followed by Reliance at 59.13 lakh investor accounts.

SEBI has reportedly recommended AMCs to spend IAP corpus on ground level activities and digital media platforms.