SEBI bars new tax saving schemes from charging 20bps extra TER
New tax saving schemes will be cheaper for investors.
by Nishant Patnaik Dec 1, 2015
Sovereign gold bond scheme gets 63,000 applications
The scheme has mopped up Rs.246 crore in the first issue.
by Team Cafemutual Nov 30, 2015
IFAs rule SIP market
IFAs command 46% market share of the total industry SIP count as on September 2015.
by Nishant Patnaik and Ravi Samalad Nov 30, 2015
HSBC to shut down its private banking unit in India
Private banking arm of HSBC is likely to get shut down by the first quarter of FY 2016-17.
by Team Cafemutual Nov 27, 2015
SEBI likely to put a cap on exposure to debt instruments
The market regulator may come out with a regulation to put a cap on sectoral and company specific exposures in debt mutual funds.
by Team Cafemutual Nov 27, 2015
SEBI to introduce electronic KYC soon
A Committee headed by Nandan Nilekani has already submitted its report on electronic KYC.
by Team Cafemutual Nov 27, 2015
One held for fraud in Pune
One Sachin Ashok Pradhan is alleged to have siphoned off Rs.2.44 crore from investors on the pretext of mutual fund investment.
by Team Cafemutual Nov 27, 2015
SEBI may tighten disclosure norms to make mutual funds more transparent
Ananta Barua, Executive Director, SEBI said that SEBI is working on measures to further strengthen the confidence of investors in mutual funds.
by Nishant Patnaik Nov 27, 2015
SEBI allows fund house to provide direct feeds to distributors
AMFI has sent a letter to fund houses today communicating SEBI’s approval on direct plan feeds.
by Nishant Patnaik Nov 27, 2015
e-commerce distributors need to have skill sets like IFAs: SEBI
Ananta Barua, Executive Director, SEBI said that mutual fund would be distributed on e-commerce through three routes – distribution, only distribution and advisory.
by Nishant Patnaik Nov 26, 2015
B15 assets now account for 16 percent of industry AUM
Assets from B15 locations grew from Rs. 1.72 lakh crore in October 2014 to Rs. 2.13 lakh crore in October 2015.
by Team Cafemutual Nov 25, 2015
