Bajpai committee recommends PFRDA to increase equity exposure in NPS to 75%
The committee has recommended that PFRDA should introduce life cycle fund with two more options – aggressive and conservative for NPS subscribers.
by Team Cafemutual Apr 26, 2016
SIP count close to 1 crore
Currently, the industry has 98.57 lakh active SIP accounts.
by Nishant Patnaik Apr 26, 2016
MF industry adds close to 55 lakh retail folios last year
The latest AMFI data shows that retail folios grew by 54.52 lakh from 3.99 crore in March 2015 to 4.53 crore in March 2016.
by Ravi Samalad Apr 25, 2016
North India based IFA association AMDA to prepare white paper to get 20 crore MF accounts
The association would suggest ideas and strategies to increase penetration of mutual fund through this paper.
by Team Cafemutual Apr 23, 2016
‘India is an attractive investment destination for global investors’
Christopher Chen, Client Portfolio Manager, Mirae Asset, Hong Kong shares his views on why India is a popular investment destination for global investors and the reason behind bullishness of his fund house on consumption theme.
by Nishant Patnaik Apr 22, 2016
The average ticket size of a retail folio is Rs.63,200 in FY 2015-16
95 percent of folios are retail as on March 2016.
by Team Cafemutual Apr 22, 2016
Clarification on RBI’s new guideline on investment advisors for banks
RBI has mandated only those banks who are already registered with SEBI as RIA to demarcate between investment advisory services and banking services.
by Team Cafemutual Apr 22, 2016
Register with SEBI as RIA to sell third party products, RBI tells banks
RBI has given three year time to banks to register with SEBI as RIAs
by Nishant Patnaik Apr 22, 2016
Direct plan assets continue to grow
The total direct plan AUM went up by 27% to Rs. 4.74 lakh crore in March 2016 from Rs. 3.73 lakh crore in March 2015.
by Poonam Bansal Apr 21, 2016
Maharashtra records the highest growth in equity assets
Maharashtra’s equity assets went up by Rs. 25,360 crore from Rs. 1.36 lakh crore in March 2015 to Rs. 1.62 lakh crore in March 2016.
by Ravi Samalad Apr 21, 2016
SEBI gives go ahead to 66 new AIFs
The total count of alternative investment funds (AIFs) has risen to 209 as on March 2016 from 143 as on March 2015.
by Nishant Patnaik Apr 20, 2016
IFA association to flag commission disclosure issue with AMCs on April 21
The meeting is organized to initiate a dialogue between distributors and AMCs.
by Nishant Patnaik Apr 20, 2016
NACH to replace ECS mandates from May 1
AMFI has asked distributors to use only NACH forms from April 20 for new SIP registrations.
by Team Cafemutual Apr 19, 2016
MF Utility bags best industry initiative award
The company has been awarded for bringing innovation in the financial services industry.
by Team Cafemutual Apr 18, 2016
