MF News

SEBI will allow RIAs to get performance validation certification.

SEBI clarifies that the calculation of allocation limits is after deducting corporate debt market development fund units.

The MF industry should use publicly available data and apply artificial intelligence to offer high quality advice to every citizen of the country, said SEBI chairperson Madhabi Puri Buch.

Old Bridge Capital Management has received SEBI’s final go-ahead to commence mutual fund operations.

Sahil Kapoor, Head of Products & Market Strategist, DSP Mutual Fund talks about the market and the need to invest across asset classes. He also talks about the DSP Multi Asset Allocation Fund.

Making nomination compulsory in financial products like mutual funds will ensure reduction of unclaimed money, said the finance minister Nirmala Sitharaman.

SEBI Chief Madhabi Puri Buch said that the market regulator is working on algos that can detect instance of mis-selling by distributors.

AMFI issues guidelines for execution only platforms (EOPs).

The fund house recently concluded the first batch in which it trained 30 new-generation entrepreneurs.

These accounts have been opened under Pradhan Mantri Jan Dhan Yojana. The cumulative deposits in these accounts is over Rs.2 lakh crore.

In fact, the market share of individual distributors having AUM of up to Rs.500 crore has been growing in the overall commission and AUM pie.