MF News

Compliance of anti-money laundering rules have to be monitored by the Boards of the Asset Management Companies and the Trustees and in case of other intermediaries.

B.N. Srikrishna will take over from Mr. Dhirendra Swarup, Former Chairman - Pension Fund Regulatory and Development Authority (PFRDA).

Majority of drop in folios has been due to closure of folios in equity funds.

Franklin Templeton MF has announced a dividend of Rs.0.70 per unit (Face Value of Rs.10) or 7% in its open end scheme called Templeton India Equity Income Fund.

Lakshmi Iyer, Chief Investment Officer (Debt) & Head Products, Kotak Mutual Fund talks to Cafemutual about her outlook on debt market, gold and more.

India had 60 billionaires in 2013 which is likely to go up to 119 by 2023, shows a Knight Frank’s The Wealth Report 2014.

IIFL’s unsecured redeemable Non-Convertible Debentures (NCD) is offering an effective yield of 12.68 % per annum compounded monthly for the maturity period of 5 years.

The awareness drive aims to cover 24 cities across the country.

Three funds have collected close to Rs.155 crore from their NFOs so far.

The AUM of the industry reached a new high of Rs. 9.16 lakh crore in February from Rs. 9.03 lakh crore in January due to robust inflows in income funds.

Fund officials expect Rs. 15000 crore to flow in FMPs in March.

Deutsche Mutual Fund was the first fund house to launch Inflation Indexed Bond Fund in January.

A SEBI survey shows that 61% of fund houses agree that industry has dearth of quality advisers.

Around 300 distributors, including 65 IFAs, have taken membership of BSE StAR MF platform so far.

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