Does your client have a ‘dormant’ MF account? Don’t panic
So far, AMCs have classified investors as ‘dormant’ in common account statements if they had not transacted for a period of six months. Now AMCs are planning to classify such accounts as ‘inactive’ and do away with the term ‘dormant’ so that investors don’t worry.
by Ravi Samalad May 15, 2012
At last, a book that explains finance in a simple manner
Harsh Roongta of Apnapaisa says that Manish Chauhan’s book ‘Jago Investor’ will help advisors explain the concepts of financial planning to clients in a simple yet engaging manner.
by Harsh Roongta May 14, 2012
DSP BlackRock pays over Rs 100 crore in commissions to distributors in FY12
Total commission paid by AMC dropped marginally in FY 2011-12 compared to the previous fiscal. The AMC reported less decline in equity assets compared to most of its peers.
by Ravi Samalad May 14, 2012
HSBC Mutual Fund files offer document for HSBC Fixed Term Series 87 and 88
A close ended income scheme with two plans
by Team Cafemutual May 14, 2012
MF industry AUM up 16% in April due to robust liquid fund inflows
Gold ETF asset base crosses Rs 10,000 crore; equity asset base drops marginally
by Team Cafemutual May 12, 2012
ICICI Prudential MF offers free cover to make SIP more attractive
In order to create more stickiness in SIP accounts, the AMC has introduced a new feature which comes bundled with insurance cover.
by Pallabika May 12, 2012
How successful financial advisors tell stories to sell
There are thousands of books out there which promise to improve your communication skills with your clients. But rarely do you come across a book like Storyselling for Financial Advisors which gives you some simple tips without being simplistic.
by Devarajan Mahadevan May 11, 2012
SEBI meets AMC heads; gives patient hearing but no hints of changes to come
AMC CEOs cautious on the outcome of the meetings as SEBI has given them no hint of its thinking on the shape or direction of future changes.
by Pallabika May 11, 2012
Fund houses diversify offerings, line up asset allocation funds
Many AMCs are planning to launch funds which invest in a combination of two or three asset classes like debt, equity and gold ETFs, to tide over the uncertain market.
by Ravi Samalad May 11, 2012
Many big fund houses concur with smaller peers, want upfront commissions to stay
AMFI shelves proposal, will look at other options to curb churning.
by Pallabika May 10, 2012
SEBI Chief UK Sinha douses expectations of entry load revival
SEBI Chief reportedly cites positive inflows in 2011-12 while acknowledging the fall in folios.
by Team Cafemutual May 8, 2012
Bank of India picks up 51% stake in Bharti AXA Mutual Fund
Bharti Enterprises exits from the mutual fund business as Bank of India makes a re-entry.
by Team Cafemutual May 8, 2012
