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MF News

SEBI asks fund houses to build a robust cyber security system
Also, the market regulator wants mutual fund distributors to maintain better standards of information security of their clients.
by Nishant Patnaik Jan 12, 2019
Composition scheme: Distributors earning up to Rs.50 lakh will have to wait for clarification
The composition scheme announced yesterday does not allow taxpayers to avail benefits if they provide services in other states in the current form.
by Nishant Patnaik Jan 12, 2019
Muted growth in folios in December in line with the lower inflows
Equity ETFs see the fastest growth in folio numbers.
by Shreeta Rege Jan 11, 2019
‘We want 5 lakh distributors to increase MF penetration’
A Balasubramanian, CEO, Aditya Birla Sun Life Mutual Fund shared that the fund house plans to open new branches to create its presence across all the 542 Lok Sabha constituencies.
by Shreeta Rege Jan 11, 2019
Relief to large distributors earning up to Rs.50 lakh, GST reduced to 6%
The exemption limit of Rs.40 lakh limit may not be applicable for financial intermediaries like mutual fund distributors.
by Nishant Patnaik Jan 10, 2019
‘71% of the industry’s profit comes from the top five fund houses’
Motilal Oswal MF has the highest return on assets in the industry.
by Shreeta Rege Jan 10, 2019
Direct plan seller WealthTrust is acquired by Orowealth
With this acquisition, Orowealth will have AUA of Rs.2000 crore.
by Team Cafemutual Jan 10, 2019
SIPs shine in December
Overall equity inflows contract during the month.
by Shreeta Rege Jan 9, 2019
‘Around 4% retail investors buy direct plans through AMC website or app’
Overall, share of individual contribution in direct plan was 15%.
by Nishant Patnaik Jan 8, 2019
LIC MF to acquire IDBI MF
If the deal goes through, LIC MF would become the sixteenth largest fund house.
by Nishant Patnaik & Shreeta Rege Jan 7, 2019
Direct plan seller WealthTrust to exit advisory business
The app will not receive fresh business from January 14.
by Nishant Patnaik Jan 7, 2019
'Equity markets have a potential to deliver 14% growth over the next seven years’
Over the next seven years, if India grows at about 7% and inflation remains around 4%, we could see a nominal growth of 11%, believes Rahul Baijal.
by Shreeta Rege Jan 7, 2019
What Indian wealthy look at when they hire you
Most likely, wealthy individuals work with at least two advisors.
by Nishant Patnaik Jan 7, 2019
Six mid-caps stocks enter the large cap list
Meanwhile eight large cap companies fall off the list in December 2018.
by Team Cafemutual Jan 7, 2019
Tracking performance of schemes becomes easy!
Fund houses have started publishing daily AUM, scheme performance and NAV on AMFI website.
by Shreeta Rege Jan 4, 2019