MF News

The market regulator will soon come out with e-commerce distribution guidelines that will push sales of direct plans, said SEBI chief U K Sinha in an interview with Economic Times.

There seems to be a renewed interest in this category.

The fund house claims that it will credit the money in investors’ bank account in a maximum of 30 minutes any time of the day, 365 days a year.

Of the 15 countries surveyed, India has the highest proportion of habitual savers (59%) followed by US (54%).

If we include ELSS and ETFs, equity as a category has received net inflows of close to Rs. 1,300 crore.

The total folio count across all categories increased to 4.89 crore in June 2016 from 4.84 crore in May 2016.

Banks and associates advised on AUA of Rs. 68,496 crore and received commission of Rs. 466 crore from their affiliate AMCs last fiscal.

Vishal comes with extensive experience in both distribution and manufacturing side across geographies.

The combined assets managed by the top ten fund houses increased by Rs. 83,831 crore from Rs. 10.76 lakh crore in March to Rs. 11.60 lakh crore in June.

V. V. K Prasad, former President of Association of NSE Members of India (ANMI) who has spent over 30 years of his career in financial markets is set to launch a scientific MF portfolio building model which aims to identify slippage in performance of a scheme ahead of time. The founder of Hyderabad based stock broking firm Vivekam, Prasad explains what makes his model work.

These banks have witnessed a healthy growth of 21% in their MF assets under advisory in FY15-16.

Employers are concerned about the financial security of their employees and they are dependent on advisors to help them.