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India’s top 20 funds have 16% assets in direct plans
Motilal Oswal Multicap 35 Fund ranks first in terms of % share of direct AUM
by Shreeta Rege Jan 27, 2019
No GST for distributors earning less than Rs.20 lakh till September 2019
The Central Board of Indirect Taxes and Customs (CBIC) defers implementation of reverse charge mechanism (RCM), which is also applicable for mutual fund distributors.
by Team Cafemutual Jan 24, 2019
58% of the retail assets in equity held for over a year
Majority of the institutional assets in equities is held for a period of 6 to 12 months.
by Team Cafemutual Jan 24, 2019
Fund houses line up to launch overnight funds, an alternative to liquid funds
Seven fund houses are currently offering overnight funds and many more are planning to launch one soon.
by Team Cafemutual Jan 24, 2019
Mutual fund popularity growing in non-metro locations
Netizens in union territories like Andaman and Nicobar Islands and Daman and Diu are most curious about mutual funds, shows Google trends.
by Shreeta Rege Jan 23, 2019
Tata MF launches a video campaign to promote ELSS
This 4-video series highlights benefits of investing in ELSS to save taxes.
by Team Cafemutual Jan 23, 2019
Distributors create 9 out of 10 SIPs
Of the 2.54 crore SIPs, SIP accounts in regular plans account for 2.26 crore or 89% of the total SIPs, shows AMFI data.
by Team Cafemutual Jan 23, 2019
SEBI revises reporting norms for MFs
The revised report is in line with categorization and rationalization of mutual fund schemes.
by Team Cafemutual Jan 22, 2019
‘Handful of Indian billionaires have more wealth than the AUM of India’s MF industry’
India is home to 119 billionaires having net worth of over Rs.30 lakh crore.
by Team Cafemutual Jan 22, 2019
No more multiple mandates for new SIPs on MF Utility
Now your clients can use their exiting e-mandates for new SIPs.
by Team Cafemutual Jan 22, 2019
ICRA puts six debt funds under its watch list
These schemes have exposure to SPVs of IL&FS.
by Team Cafemutual Jan 22, 2019
AUM from B30 cities stands at Rs. 3.63 lakh crore in December
B30 assets grew by Rs.6,000 crore last quarter.
by Shreeta Rege Jan 21, 2019
AIFs can invest in liquid funds: SEBI
Alternative investment funds can deploy their unutilized funds arising out of proceeds and returns in liquid funds.
by Team Cafemutual Jan 21, 2019
SEBI to set new rules for liquid funds on February 13
The market regulator is likely to introduce marked to market valuation of debt securities having shorter maturity and mandatory allocation to government and PSU bonds.
by Nishant Patnaik Jan 21, 2019
Individual investors hold Rs. 12.91 lakh crore in mutual funds
12.86% increase in individual investor AUM in the last one year.
by Shreeta Rege Jan 21, 2019