‘Companies are tapping the money and capital markets rather than turning to banks for finance’
R Sivakumar, Head of Fixed Income at Axis Mutual Fund talks to Cafemutual about his expectations from RBI, how his AMC is managing risk in debt funds and more.
by Poonam Bansal & Ravi Samalad May 31, 2016
Krishi Kalyan Cess to increase service tax liability marginally
Overall, the service tax burden on distributors and investors will go up by 0.5% from June 1.
by Nishant Patnaik May 31, 2016
Nandan Nilekani committee recommends increasing Aadhar based KYC investment cap to Rs. 2 lakh
If the committee’s recommendation is accepted by SEBI, investors can invest in mutual funds on a real-time basis, say fund officials.
by Nishant Patnaik May 31, 2016
After SEBI, US market regulator SEC asks AMCs to disclose fee in absolute terms
Now, US investors will get to know how much they are paying towards expenses of mutual funds in dollar terms.
by Nishant Patnaik May 27, 2016
Stop mis-selling or face penalties: RBI Deputy Governor
RBI Deputy Governor S. S. Mundra suggested that banks put in place a system of periodic inspection of the sale of third party products by involving their internal inspection teams and plug the loopholes.
by Ravi Samalad May 27, 2016
AMFI seeks meeting with SEBI to discuss commission disclosure issue
AMFI is said to have devised a few alternatives to commission disclosure in account statement.
by Nishant Patnaik May 26, 2016
A new IFA Association helps families of two deceased IFAs
A newly formed association - Independent Consultant Advisor Association (ICAA) has been helping IFAs in small towns take up MF advisory and helping their family members during tough times.
by Banali Banerjee May 26, 2016
‘Agents should focus on counselling instead of selling’
Pankaj Razdan, Managing Director & Chief Executive Officer, Birla Sun Life Insurance talks to Cafemutual on how the insurance industry can increase agent productivity and curb mis-selling.
by Nishant Patnaik May 25, 2016
Central KYC platform is ready, awaiting regulatory approval for launch
A Central KYC number can be used to transact across all financial products.
by Nishant Patnaik May 24, 2016
AMFI to meet MF CEOs to discuss IAP campaign strategy
AMFI’s committee on Financial Literacy met SEBI yesterday to seek the regulator's suggestions on how to utilize IAP corpus.
by Ravi Samalad May 24, 2016
‘Today’s generation aspires to become fund manager at the age of 30’
We caught up with Kenneth Andrade, the former Head of Investments at IDFC MF to trace his journey in fund management, what helped him succeed in his career and more.
by Poonam Bansal May 23, 2016
26 new AIFs line up with SEBI for approval
A majority of applications were filed for Category II AIFs which include private equity funds, debt funds and fund of funds.
by Ravi Samalad May 23, 2016