MF News

Sebi today asked all existing research analysts in the capital markets to register by May 31 to continue providing their services, failing which they will face strict penal action. Under the new norms, no person or entity can act as research analyst or research entity without obtaining a registration certificate from Sebi.

The industry body has sent a letter to the Ministry of Finance and SEBI in this regard.

Do you have patience while investing? Or are you an eager beaver who gets carried away by the short-term returns and sees no logic in staying invested for the long term? A majority of investors watch the markets go up and down day after day and count their profits/losses on a daily basis. They tend to look only at the short-term performance and if the returns are not good, they get frustrated and sell off when the scrip makes a nominal profit. I would say, it is extremely easy to buy with a rationale but it needs a lot of control over emotions to sell rationally.

Capping of upfront commission at 1 per cent and levy of service tax on distributors have put a spoke in the joyride of mutual fund industry. With the markets bouncing back to every bear attack, the cash register of the industry has not stopped ringing.

Public sector undertakings such as Indian Railway Finance Corporation and National Highways Authority of India will soon come out with their tax-free bonds. The biggest advantage for investors is that the interest earned from these bonds is entirely tax-free.

The decision is expected to be taken on the board meeting which is scheduled to be held on Friday.

Indian shares are experiencing high volatility following a correction of 10% from their peaks. S Naren, chief investment officer (CIO), ICICI Prudential Mutual Fund, says the long-term investors don’t have to worry about the correction.

Individual investors have continued to put their trust in fund manager-led equity schemes rather than follow the direct equity route in the recent stock market rout that started in January this year.

SEBI had mandated depositories to issue consolidated account statement (CAS) to MF investors from March 2015

These funds invest a minimum of 65% in equity using arbitrage strategy and the rest in a combination of debt and equity so that they qualify as equity funds for tax treatment.

Brijesh Dalmia, Founder of Dalmia Advisory Services talks to Cafemutual about his latest book ‘Mutual Fund Handbook for IFAs’. He feels that IFAs can build a sustainable and robust business model only from trail model.

The approval is expected to boost foreign inflows in commercial and rent yielding real estate projects.

Disclosing commissions publicly may land IFAs in trouble as the data can be misused, say IFAs.

Harish brings with him around 45 years of enriched experience in the field of finance and banking, being associated with HDFC Bank in various capacities since 1994.

An analysis of direct plan equity AAUM of top 10 AMCs (sponsor contribution was excluded) shows that 48% of direct plan equity AAUM as on March 2015 is retail.