Page 11 - Chirag Madia

New Sebi norms on compensation: Mutual fund houses fear losing talent

To seek changes in circular asking to pay 20% salary to key staffers in scheme units

Fund houses to press for modifications to Sebi compensation circular

Among the most important tweak sought by the industry will be to reduce the ambit of 'key employees'

Minimum 20% key AMC employee compensation to be in mutual fund units: Sebi

Allotment to be done every month; units allotted subject to 3-year lock in, says market regulator

Investors oppose Nippon Asset Management chief's remuneration offer

About 83 per cent, or 28.6 million of the 34.47 million votes polled by the public institution opted "against" the special resolution

Debt MFs confident of surfing Covid-19 2nd wave despite corporate defaults

Industry players say shift to high-quality paper will help them tide the turmoil

MFs struggle to crack B30 code, shares remain in 15-17% range of AUM

Industry players say improving the penetration beyond the top centres will require setting up more branch networks and empanelment of distributors

One year of FT MF debt saga: Asset manager sees 20% drop in holdings

Market participants say if the fund house is able to put the 2020 debacle behind by returning money to investors of the six debt schemes, it can make a strong come back

Aditya Birla MF files IPO document with Sebi; issue size Rs 2,000 cr

Through the maiden offering Canadian firm Sun Life Financial will divest its 12.56% holding, while Aditya Birla Capital will sell a little less than 1%

Bank FDs in spotlight as returns of liquid funds hit two-decade low

1-year returns down to less than 3.5%, below short-term rates offered by banks on FDs

Large schemes struggle to generate alpha; returns lag over 1-3 yr period

Market participants said most of the large schemes had a 'growth' tilt at a time when the 'value' theme outperformed the market over the past one year

Second wave of Covid-19 hangs over MFs' expanding investing universe

The stocks mutual funds had invested in had risen almost to pre-pandemic levels in March

Flows into passive funds steal a March over active schemes in 2HFY21

Officials in the industry say since several large-cap funds have not been generating alpha, investors may be opting for passive funds instead

Large-cap equity schemes lagged benchmark returns in H2 of Calendar 2020

Asset-weighted returns of large cap funds lagged their benchmark by 273 basis points, ELSS funds by 318 bps and mid- and small-cap funds by 230 bps

Equity MFs record net monthly inflows after eight-month gap in March

Segment reports Rs 9,115 cr inflows; Debt segment see outflows Rs 52,528 cr

Debt MF returns may remain subdued on RBI's accommodative stance

Money managers say investors to look at medium-duration bonds

MFs log strong 19% AUM growth at Rs 32.1 trillion in March quarter

SBI cements pole spot, widens lead over HDFC MF; Among top 10, Axis MF has logged highest growth in average AUM at 42% to Rs 1.96 trillion

No plan to exit India, Franklin Templeton Chief tells investors

Statement follows reports that FT global head wrote to Indian ambassador that the asset manager would be forced to cut jobs and pull back India operations in case Sebi levies a large fine

Equity mutual fund flows turn positive after a gap of nine months

Between June and February, equity fund managers have yanked out Rs 1.24 trillion from domestic stocks amid consistent outflows

Returns made by average MF investor lag those of schemes and SIPs: study

Frequent churn, timing the market eats into gains

Franklin unitholders to get Rs 1,200 cr in second tranche next week

Sources said SBI Funds Management will distribute the proceeds to unitholders following liquidation of some securities held under the scheme