MF News

0.50 exit load will be applicable on redemption within 90 days as against the earlier 60 days under Bond Short Term Fund

The index will serve as an independent and common benchmark for evaluating the performance of Gold ETFs

Fundsupermart and FundsIndia to opt out of transaction charge

Sensex and Nifty hit a 15-month low ending the week at 15,849 and 4,748 respectively. Swapnil Suvarna feels the domestic markets will remain weak providing an excellent opportunity for investors to make fresh investments at these attractive levels.

The fund will offer two schemes - Regular Income Scheme and Next Gen Scheme

The fund will invest primarily in equity and equity-related securities of not more than 25 companies.

In an era where Indian women are making their mark in many fields, the financial advisory business has very few women.

Registrars are tweaking their software to incorporate the new rule even as AMCs await more clarity on implementation from AMFI

Exit load in Short Term Plan & Flexi Debt Fund raised to 0.50% from 0.25%; will apply to redemptions made within 6 months

Fund houses welcome showcasing geography wise AUM data

Fund houses will try to put in place systems to institutionalize the process; compliance cost for AMCs is likely to escalate

IDFC MF decrease maximum STP amount to Rs. 10 lakhs

SEBI asks AMCs to review if big distributors meet the ‘fit and proper’ criteria; fund houses say it is an onerous task

The regulator has clarified that upfront commission to distributors shall continue to be paid by the investor directly to the distributor by a separate cheque

Besides the internet banking platform, UTI investors can now use debit cards for MF investments