MF News

In an interview with CFA Institute Magazine, Tom Brown, global head of investment management at KPMG, discusses the coming cultural and technological disruptions facing investment managers, the implications for new hires and career management, the search for the “Apple factor” in financial services firms, and even the possibility of tech giants (such as Amazon and Google) entering the investment business.

The asset base of equity mutual funds surged 72 per cent to over Rs 3.25 lakh crore at the end of May compared with the previous year on the back of retail investors pouring money into these schemes.

As many as 36 mutual fund schemes across the fund houses managing your money had put funds in shares of Nestle India, worth Rs 314 crore. In the last one month, share price of Nestle has come down from Rs 7,000 per share to Rs 5,500 per share, a drop of around 21 per cent.

Anita Sutrave, EVP and Head – Business, Cafemutual feels there is room for everyone in the events space and gives her perspective on what sets Cafemutual events apart

In the last five years, MNC funds have generated close to 25% returns compounded annually. That’s far higher than the large and diversified fund category average of 13%.

Distributors and investors can click photos of BNP Paribas MF application forms along with supporting documents and email them to the fund house.

Net service tax payout is likely to come down to 12.28%.

Korea and the United States are the most investor-friendly markets and China the least investor-friendly market, reveals Morningstar Global Fund Investor Experience 2015 Report.

The platform is designed to help IFAs cut down on paperwork, minimize writing errors & physical form submissions.

Last week, the BSE introduced switch facility and SIP/XSIP registrations on both demat and non-demat modes on its StAR MF platform. In addition, SIP/XSIP registrations with direct pay-out of units will be offered in the demat mode. XSIP or Exchange SIP is a facility offered to member brokers and mutual fund distributors to register their client’s electronic clearing services bank mandates.

Mutual fund schemes investing in mid and small cap stocks have nearly tripled investors wealth in the last three years, while on a yearly basis, they have given up to 40 per cent return during the period.

First and foremost understand your risk profile. If you are looking for a low risk investment option, a debt scheme could work better for you. If you don’t mind taking higher risk for higher returns, equity funds should work for you. For those who are looking to invest in a mixture of equity plans and debt plans, a balanced fund approach should work for you.

Equity funds saw net inflows of Rs. 10,076 crore (including ELSS) in May.

Distributors can connect with fund managers and senior officials of the fund house through this facility.

Indian equity market will remain volatile over the next few months as investors await tangible data on macroeconomic and corporate recovery, says a Deutsche Bank report.