Distributors earning less than Rs. 10 lakh commission exempted from service tax
AMFI, in its Budget wish list sent to the Ministry of Finance, had sought relaxation on service tax for distributors earning less than Rs. 10 lakh commission annually.
by Nishant Patnaik Feb 29, 2016
Economic Survey moots EET status for ELSS, 80C instruments
The survey has recommended the government to levy tax on maturity of 80C instruments like ELSS and PPF.
by Team Cafemutual Feb 27, 2016
B15 assets now account for 17% of industry AUM
Assets from B15 markets have grown by 14% from Rs. 1.89 lakh crore in January 2015 to Rs. 2.16 lakh crore in January 2016.
by Ravi Samalad Feb 26, 2016
‘Advisors are the face of the mutual fund industry’
The newly appointed CEO of Mirae Asset MF, Swarup Mohanty shares his views on what needs to be done to attract more IFAs in the industry and why he believes that the e-commerce distribution will not be a threat to IFAs.
by Nishant Patnaik Feb 26, 2016
Investors prefer to hire reputed and qualified advisors: Study
58% of people voted for reputation while 56% preferred qualification as the most desirable attributes while choosing an advisor.
by Team Cafemutual Feb 26, 2016
SEBI allows MFs to invest unclaimed redemption and dividend corpus in liquid funds
Fund houses to have a separate plan in a liquid fund meant exclusively for deploying unclaimed amounts.
by Ravi Samalad Feb 26, 2016
SEBI allows new cadre of distributors to sell retirement plans and liquid funds
This was a long pending demand of the mutual fund industry.
by Nishant Patnaik Feb 26, 2016
Now, pay hospital expenses through MF investments
ICICI Prudential MF has introduced a medical advantage feature which allows investors to pay their healthcare expenses by investing in ICICI Prudential Savings Fund.
by Banali Banerjee Feb 25, 2016
SEBI to discuss MF long term policy with AMFI on March 4
The market regulator will review the progress on mutual fund long term policy.
by Nishant Patnaik Feb 25, 2016
NACH form mandatory for new SIP registrations with immediate effect
While new investors are required to submit NACH form to invest in mutual funds through SIP, ECS mandate of existing investors will automatically be migrated to NACH Platform.
by Nishant Patnaik Feb 24, 2016
ELSS not a preferred choice for tax savers: Survey
One of the main reasons why people do not invest in ELSS is the manual KYC process.
by Banali Banerjee Feb 23, 2016
Maharashtra continues to command lion’s share of industry AUM
Maharashtra contributes 43% or Rs. 5.83 lakh crore to the total Rs. 13.54 lakh crore AUM of the industry.
Posted on Feb 23, 2016
Alternative investment funds see massive jump in AUM
Pass through status to AIFs and volatility in equity market is making HNIs move to alternative investment funds, say experts.
by Team Cafemutual Feb 23, 2016
Average ticket size in equity schemes is Rs. 1.20 lakh per folio
More than 99% of equity folios is held by individual investors.
by Team Cafemutual Feb 22, 2016