MF News

Equity funds see healthy inflows of Rs.10,500 crore in April.

SBI Mutual Fund has become the first fund house in India to adopt the CFA Institute Asset Manager Code of Professional Conduct. Navneet Munot, Chief Investment Officer, SBI Mutual Fund talks to Cafemutual about the rationale behind adopting this code and its benefits for investors and distributors.

The recommendation was made by the International Advisory Board while reviewing the governance role played by institutional investors in investee companies.

The award was presented by Maxell Foundation, a non-profit making public charitable trust which was formed for conferring Maharashtra Corporate Excellence Awards.

Aashish Somaiyaa, Managing Director and Chief Executive Officer, Motilal Oswal Mutual Fund talks to Cafemutual about the growth of MOSL AMC in the last 2 years and what differentiates the fund house from others.

Also, majority of investors want to start investing between the age of 30-40 for retirement, shows a survey conducted by Reliance Mutual Fund and IMRB.

Saravana Kumar is the new Chief Investment Officer, Equity & Debt while Nityanand Prabhu is the Chief Operating Officer.

He will be remembered for his frank and candid nature.

SEBI has replaced color coding system with Riskometer.

Formed in 2007, ASK Wealth Advisors is a leading independent wealth advisory and family office specialist managing assets under advisory Rs. 10,000 crore.

Retail direct plan equity base grew by 85% from Rs. 8,980 crore in March 2014 to Rs. 16,577 crore as on March 2015.

The relaxed norms will help small NBFCs to enter MF distribution space, said fund officials.

Advisors can learn from the best practices of financial planners from across the country and overseas.

Jayant Sinha, Minister of State for Finance has clarified that there will be no TDS on interest earned through post office recurring deposits.

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