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
40% of Indians aged 60 years and above are still working: Census
Of the 40% of working people aged 60 years and above, 60% are men whereas 19% are women.
by Team Cafemutual Feb 20, 2016
‘SEBI wants to cap the TER at 2% in mutual funds’
SEBI is keen to bring down the total expense ratio (TER) of mutual funds from the current 2.85% to 2%, said C. VR. Rajendran, CEO, AMFI at the Cafemutual IFA Event 2016 held in Mumbai recently.
by Nishant Patnaik Feb 20, 2016
As markets correct, AMCs rush to launch close end funds
Two closed end funds are currently open for subscription and a few more are awaiting SEBI approval.
by Ravi Samalad Feb 20, 2016
Individual investors hold 45% of total industry AUM
Individual investors overall share in the industry remains unchanged in the last two years.
by Team Cafemutual Feb 19, 2016
NSE MF II introduces multiple SIP registration facility for distributors
Now, distributors can register four SIPs across four different RTAs with a single mandate.
by Ravi Samalad Feb 19, 2016
PFRDA enables Aadhaar based KYC in NPS
New investors can now subscribe to NPS through their Aadhaar cards.
by Team Cafemutual Feb 19, 2016
AMFI bats for disclosing total TER in account statement
C. VR. Rajendran, CEO, AMFI, said that the industry body is trying to convince SEBI on disclosing total TER and not to include commission of distributors in the account statement.
by Nishant Patnaik & Ravi Samalad Feb 18, 2016
LIC Nomura MF appoints Rajesh Patwardhan as its CMO
Rajesh was heading bank and ND sales at Deutsche Mutual Fund for 12 years.
by Team Cafemutual Feb 18, 2016
Interest rates on small saving schemes to go down
In order to align with the market rates of Government securities, the interest rates of small saving schemes will be recalibrated on a quarterly basis.
by Banali Banerjee Feb 17, 2016
Single KYC for all financial products to be a reality soon
Investors can use a unique central KYC number which can be used to invest across all financial products.
by Ravi Samalad Feb 17, 2016
