MF News

The market regulator has reportedly asked AMCs to promote direct plans in investor awareness programs.

Volatility in equity market made HNIs move to alternative investment funds.

The regulator believes that the costs of Indian mutual funds are higher than those in other countries.

The India Post Payment Bank (IPPB) will sell financial products like mutual funds, insurance and pensions with focus on rural, semi-urban areas and the unbanked and under-banked segments.

UTI has the highest investor base (1.05 crore) followed by Reliance at 59.13 lakh investor accounts.

SEBI has reportedly recommended AMCs to spend IAP corpus on ground level activities and digital media platforms.

R Sivakumar, Head of Fixed Income at Axis Mutual Fund talks to Cafemutual about his expectations from RBI, how his AMC is managing risk in debt funds and more.

Overall, the service tax burden on distributors and investors will go up by 0.5% from June 1.

If the committee’s recommendation is accepted by SEBI, investors can invest in mutual funds on a real-time basis, say fund officials.

Now, US investors will get to know how much they are paying towards expenses of mutual funds in dollar terms.

RBI Deputy Governor S. S. Mundra suggested that banks put in place a system of periodic inspection of the sale of third party products by involving their internal inspection teams and plug the loopholes.

AMFI is said to have devised a few alternatives to commission disclosure in account statement.

A newly formed association - Independent Consultant Advisor Association (ICAA) has been helping IFAs in small towns take up MF advisory and helping their family members during tough times.