MF News

AMCs will have to obtain a certification from a scrutinizer on the votes cast by them in investee companies on behalf of investors.

The new managing director and CEO of SBI Mutual Fund is likely to be appointed from SBI Bank.

RBI has allowed retail investors to invest in gilt securities directly from August 16.

Assets from B15 locations have grown from Rs. 1.94 lakh crore in June 2015 to Rs 2.42 lakh crore in June 2016, shows the latest AMFI data.

The industry’s AUM touched an all-time high of Rs. 15.18 lakh crore in July, largely due to healthy inflows in liquid and income funds.

Despite 3% drop in Sensex, the average ticket size of retail folio has gone up from Rs. 61,369 in June 2015 to Rs. 65,773 in June 2016, shows AMFI data.

AMFI data shows that of Rs. 2.45 lakh crore retail equity assets as on June 2016, Rs.1.30 lakh crore remained invested for over two years.

AMCs and distributors may be required to register with states to comply with GST.

Himanshu Vyapak, Deputy CEO, Reliance Nippon Life AMC talks to Cafemutual about the AMC’s newly launched instant redemption facility, the key trends he foresees in distribution and more.

Impact investing not only satisfies the ultra HNI’s quest for new niche avenues for investment, but also delivers the satisfaction of wealth creation while making a progressive difference to society.

Office of Chief Commissioner of Service Tax has responded to an email query by AMDwA which says that distributors can avail service tax exemption under Small Service Provider (SSP).