MF News

AMFI’s yearly data shows that AUM of MF industry reached all time high at Rs.17.06 lakh crore in December 2016.

FundsIndia has introduced a service called ‘Super Savings Account’ by tying up with Reliance Mutual Funds to provide instant redemption facility to its clients.

Since ICICI Securities was the advisor to the government on CPSE ETF’s FFO, we caught up with Vineet Arora, Executive Vice President, ICICI Securities to understand his perspective on ETFs, what need to be done to popularize ETFs in India and why advisers should recommend CPSE ETFs to their clients.

SEBI allows fund houses to use celebrity for endorsements at an industry level.

S Naganath to continue as President and CIO

In India, the richest 1% hold 58% of the country’s total wealth, Oxfam study.

International Advisory Board of SEBI has recommended that the market should keep in mind the financial viability and business model of the advisory business before implementing this transition.

App accounts for over 15.000 transactions of Rs. 25 crore value.

SEBI feels that Risk-o-meter would provide an easy understanding of the risk involved in an issue.

Fund managers will no longer be required to undergo tedious process to become eligible fund manager.

Infosys has estimated robo advisers to grow at a CAGR of 120 % till 2020.

The NFO is currently open for subscription and closes on January 19, 2017.

Competitors NSE and MFU also have mobile applications for their empanelled distributors.

The total investor base of the industry increased from 5.20 crore in November to 5.28 crore in December, largely due to growth in equity folios.

For liquid schemes, the cut off time has been extended from 1 pm to 1.30 pm.