CAMS launches Aadhaar based eKYC
Investors can now complete KYC process using Aadhaar and open a folio without having to submit forms and doing in-person verification (IPV), claims CAMS.
by Team Cafemutual Feb 3, 2016
Healthcare expense is the biggest worry post-retirement: DBS-Manulife survey
One in three respondents is not sure about estimating the correct healthcare cost during retirement.
by Team Cafemutual Feb 3, 2016
Swarup Mohanty is the new CEO of Mirae Asset MF
Mohanty succeeds Jisang Yoo who is moving to US.
by Team Cafemutual Feb 2, 2016
Make debt fund dividends tax-free: DFDA
Delhi Financial Distributors Association (DFDA) has sent 11 recommendations to Jayant Sinha, Minister of State for Finance to channelize household savings into the capital markets.
by Team Cafemutual Feb 2, 2016
Jayant Sinha meets top CIOs to improve retail participation
CIOs recommended introduction of mutual fund linked retirement plan and sought an additional exemption of Rs.50,000 for ELSS.
by Nishant Patnaik Jan 30, 2016
MF Utility tries to allay distributor’s fears about direct plans
MFU will never popularize direct plan by writing to investors or by giving prominent positions in the website or through any means, states a communication sent by MF Utility to distributors.
by Team Cafemutual Jan 30, 2016
MFs divided over sharing IAP corpus with AMFI
While AMCs are happy to share the unutilized IAP corpus accrued till March 2015 with AMFI, some AMCs not ready to give away one basis point of IAP corpus which will be accrued from April 2016.
by Ravi Samalad & Banali Banerjee Jan 30, 2016
AMFI hopeful of service tax exemption for IFAs earning below 10 lakh
In its Budget wish list sent to the Ministry of Finance, AMFI has sought relaxation on service tax for distributors earning less than Rs. 10 lakh commission annually.
by Banali Banerjee & Ravi Samalad Jan 29, 2016
AMFI requests SEBI to drop the term ‘risk’ from MF advertisement disclaimers
AMFI has requested SEBI to replace the term ‘risk’ with ‘fluctuation’ in MF advertisement disclaimers.
by Banali Banerjee & Ravi Samalad Jan 29, 2016
Despite volatile markets, ELSS remains a top choice to save tax for investors
The recent correction in market has come as a good opportunity for investors to invest in ELSS.
by Ravi Samalad Jan 28, 2016
SEBI wants distributors to disclose commissions in account statement
The market regulator is said to have nudged fund houses to disclose the commission structure in account statement.
by Nishant Patnaik Jan 28, 2016
Retail investor is the stickiest
Of the Rs. 1.70 lakh crore which remained invested in equity funds for over two years as on December 2015, 71% or Rs. 1.21 lakh crore was held by retail investors.
by Ravi Samalad Jan 27, 2016
63% of Indians rely on IFAs for retirement planning: Survey
A survey conducted by DBS-Manulife shows that 89% seek formal advice on retirement planning out of which 63% depend on financial advisors.
by Team Cafemutual Jan 25, 2016
Indians plan for retirement at the age of 40: DBS-Manulife survey
The survey shows that people set aside 26% of their monthly income, an average of Rs. 22,437 to save for retirement.
by Team Cafemutual Jan 25, 2016
Retail equity folios jumped by 40 lakh last year
Despite 11% drop in Sensex last calendar year, retail equity folios jumped from 2.96 crore in December 2014 to 3.35 crore in December 2015.
by Team Cafemutual Jan 25, 2016
