There are close to 450 RIAs now
The number of distributors whose application for Investment Adviser (IA) license is pending with SEBI is 95 as on June 2016. However, the trend is not encouraging, say advisers.
by Ravi Samalad Jul 22, 2016
26 new AIFs awaiting SEBI approval
A majority of applications were pending for Category II AIFs which include private equity funds, debt funds and fund of funds.
by Nishant Patnaik Jul 22, 2016
Freezed MF accounts doesn’t mean ‘impounding of accounts’, clarifies AMFI
The term ‘freezing of accounts in mutual fund parlance merely means permitting further transactions in the account only after the requirement is fulfilled, which in the context of FATCA compliance, is to provide a self-certification about one’s tax residency,” clarifies AMFI.
by Nishant Patnaik Jul 22, 2016
SEBI asks AMCs, R&Ts and IAs to upload KYC data on central KYC platform
This will pave way for a single KYC which will suffice to invest in all financial products.
by Team Cafemutual Jul 22, 2016
One third of HNWI wealth is in liquid assets, great opportunity for advisers: Survey
More than one third of total high net worth individual (HNWI) assets is in liquid assets. About 18% is sitting in retail bank accounts while another large chunk (15%) exists in the form of liquid cash.
by Team Cafemutual Jul 20, 2016
India ranks 3rd among the countries to drive world HNWI wealth growth
With 2 lakh high net worth individuals (HNWIs) in 2015, India’s HNWI wealth is estimated to grow by 13.40% by 2025.
by Team Cafemutual Jul 19, 2016
61% Indians want to retire in the next five years, says HSBC survey
14% of those wanting to retire within the next 5 years believe that they cannot afford to do so.
by Team Cafemutual Jul 19, 2016
Distributors can now buy sovereign gold bond on NSE MF II platform
Distributors will get upfront commission of 95 basis point and 99 basis point on collections exceeding Rs. 20 crore.
by Team Cafemutual Jul 18, 2016
Insurance companies yet to adapt fintech revolution: PWC report
Insurers are aware about the fintech revolution but are hesitant to make it a part of their strategy.
by Team Cafemutual Jul 16, 2016
Over 1 lakh crore MF AUM could be at stake if MFs don’t meet FATCA deadline
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.
by Ravi Samalad Jul 16, 2016
How can advisers help clients save for retirement?
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.
by Team Cafemutual Jul 15, 2016
Central KYC goes live from tomorrow, big boost for MFs
Soon, bank KYC will suffice for investing in all financial products, including mutual funds.
by Ravi Samalad & Nishant Patnaik Jul 14, 2016
IFAs will have to pass NISM test to distribute NPS
PFRDA has mandated retirement advisers to obtain certification from NISM by passing NISM-Series-XVII: Retirement Adviser Certification Examination to sell NPS.
by Nishant Patnaik Jul 14, 2016
AMCs, advisors can breathe easy, SEBI chief rules out TER reduction
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.
by Team Cafemutual Jul 13, 2016
