FIFA suggests that service tax invoices should be accepted at R&T offices
Currently, distributors have to send their service tax invoices to AMC offices every month which is proving to be tedious and expensive.
by Team Cafemutual Jul 2, 2016
Debt MFs exposure to downgraded debt securities has gone up: RBI
Fund houses have increased exposure of debt mutual funds to downgraded debt instruments to 1.8% of overall debt AUM.
by Team Cafemutual Jul 2, 2016
Waterfield Advisors AUA crosses US D 1 billion
Waterfield Advisors provides family office and corporate advisory services to ultra-high net worth families (UHNW).
by Team Cafemutual Jul 1, 2016
Seventh pay: fund managers divided over which category of fund will benefit most
While some money managers believe that investors should increase their exposure to multi-cap funds, others feel thematic funds focused on consumption are best suited to gain the most from the implementation of Seventh Pay Commission.
by Nishant Patnaik Jul 1, 2016
Top 500 distributor commissions drops due to upfront cap
The gross commissions earned by the top 500 distributors dropped by Rs. 1,098 crore from Rs. 4,745 crore in FY14-15 to Rs. 3,647 crore in FY15-16, shows the latest AMFI data.
by Ravi Samalad & Nishant Patnaik Jul 1, 2016
Top distributors assets rise, commissions drop
The 1% upfront commission cap imposed by AMFI from April 2015 has hit the upfront earnings of top distributors.
by Ravi Samalad Jun 30, 2016
8 IFAs win the VIP pass for Cafemutual Confluence 2016
In a unique attempt to make Cafemutual Confluence 2016 truly participative, a contest was held inviting recommendations for speakers and topics.
by Team Cafemutual Jun 28, 2016
United Forum to represent IFAs before SEBI, AMFI and Finance Ministry
The federation will appoint key office bearers in the forthcoming meeting scheduled to be held on June 30 in Mumbai.
by Nishant Patnaik Jun 28, 2016
A few AMCs start disclosing TER of direct and regular plans as part of SEBI diktat
Fund houses had sought an extension from May 1 to June 30 from SEBI to comply with March 18 circular.
by Ravi Samalad Jun 27, 2016
19% Indians rely on professional advice for retirement: Survey
India achieved a retirement readiness rating at 7.3 which is higher as compared to last year’s ranking.
by Team Cafemutual Jun 24, 2016
Most MFs ‘passive’ when it comes to voting in investee companies
Value Research (VR) shows that most fund houses have voted either in favour of proposals (83%) or abstained (12%) from voting in the proposals of their investee companies in FY15-16.
by Ravi Samalad Jun 24, 2016
IFAN launches WRAP portfolio for its associates
The WRAP allows IFAN’s associates to use the model portfolios or create their own portfolios based on the best schemes recommended by IFAN.
by Team Cafemutual Jun 24, 2016
Brexit not a calamity: Top Indian CIOs
Fund managers expect heightened volatility in the near term and say that the turmoil presents an opportunity for select buying.
by Team Cafemutual Jun 24, 2016
Offshore fund managers may not rush to India after change in permanent establishment norms
Fund officials feel that there are many more issues which need to be addressed for offshore fund managers to relocate to India.
by Ravi Samalad Jun 24, 2016
CBDT allows AMCs to accept self-declaration online to comply with FATCA
The department has also clarified that Foreign Account Tax Compliance Act (FATCA) can also be done through internet banking platform.
by Nishant Patnaik Jun 23, 2016
