MF News

The forward charge mechanism allows all distributors to claim CENVAT credit on the service tax paid by them for availing various services.

After the budget clarification on capital gains tax, many AMCs are expected to merge multiple plans within a scheme.

Here is what MF honchos and industry experts have to say about the Union Budget 2016-17.

Budget 2016 has introduced Krishi Kalyan Cess of 0.5% on service tax for the welfare of farmers.

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.

The survey has recommended the government to levy tax on maturity of 80C instruments like ELSS and PPF.

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.

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.

58% of people voted for reputation while 56% preferred qualification as the most desirable attributes while choosing an advisor.

Fund houses to have a separate plan in a liquid fund meant exclusively for deploying unclaimed amounts.

This was a long pending demand of the mutual fund industry.

ICICI Prudential MF has introduced a medical advantage feature which allows investors to pay their healthcare expenses by investing in ICICI Prudential Savings Fund.

The market regulator will review the progress on mutual fund long term policy.

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.