MF News

Fundsupermart releases an analysis which shows that funds find it difficult to retain their top rankings

Indian markets ended 6 percent higher last week. However, we suggest you to stay vigilant during the week ahead as any sign of pessimism in global cues will lead to a sharp downfall

The remaining 38 fund houses manage 47% of industry’s Rs 1.62 lakh crore equity assets

6000 distributors will start getting transaction charge from AMCs every month

Out of the 40,000 ARN holders, only 6,000 distributors are estimated to have opted in for transaction charges

In the past one year, Nifty has declined 16% but except FMCG and pharma sector funds, other sector funds have failed to beat their respective benchmarks

The aggregate holding of retail equity assets plummet to Rs. 1.27 lakh crore in September 2011, down 15% from Rs. 1.49 lakh crore in September 2010

New marketing techniques adopted by IFAs for expanding their clientele

RBI in its 2nd quarter monetary policy review raised the key interest rates by 25 basis points (bps). It has also decided to deregulate, the savings bank deposit interest rate with immediate effect

0.50% exit load to apply on redemptions within 3 days

Small Savings may undergo major changes

Fund houses to start disclosing aggregate commission paid out to distributors also from FY12

Indian markets slipped 2% last week on negative global cues and rising food inflation. Swapnil Suvarna expects the markets to continue to remain weak ahead of RBI’s half-yearly review of the monetary policy on Tuesday, 25 October 2011.

SBI Magnum Emerging Businesses began as a slow performer but since early 2009 it has been consistently outperforming its benchmark. Swapnil Suvarna feels the fund stands to benefit in the long run from the opportunities thrown up in the uncertain markets.

Ravi Samalad catches up with the regional head of a leading fund house in Mumbai and finds out that distributors were very much like his family