MF News

If AMCs deduct service tax from distributor’s commission, they need to issue a certificate to distributors so that distributors can set it off against the service tax paid by them to other service providers.

Here are the four important Budget 2015 proposals affecting the mutual fund industry.

Key highlights of union budget FY 2014-15:

Fund officials feel that the Budget 2015 was pragmatic and balanced.

Fund houses will deduct a service tax of 14% on the commissions of distributors.

Dividend payout option in debt mutual funds may lose sheen.

In 2012, Nippon had acquired 26% stake in RCAM for Rs. 1450 crore, valuing the company at Rs. 5,600 crore.

SEBI said that that Sahara AMC is not ‘fit and proper person’ to operate in the Indian securities market.

The Investment Funds Institute of Canada report shows that 81% of U.S. households owning mutual funds have a financial advisor; in Germany, roughly 80% of individual investors rely on financial advice for investment decisions.<div style="display:none">what are some abortion pills <a href="http://www.westshoreprimarycare.com/blog/page/abortion-pill-misoprostol">medical abortion experience</a> pills information</div>

Distributors may no longer get the entire commission in closed end funds upfront.

The facility can be used by NPS subscribers from April 1.

The regulator has released a detailed FAQ on RIA regulations which came into force in 2013.

Only a handful of advisors are operating on a pure fee based model.

AMFI has put a proposal before AMCs to cap upfront commission at 1% with effect from April 1.

Shyam Kothari had set up India’s first private sector fund house – Kothari Pioneer