Page 3 - Amc

Number of MF investors crosses 40 million, SIP flows scale a new high

Inflows in Sept were higher than the average flows seen in FY24

Hawkish RBI prompts debt mutual funds to reassess 'duration' of schemes

Some fund managers have been bullish on the longer-duration government bonds owing to better demand and end of the rate hike cycle

AMC Repo Clearing gains ground, gets Rs 160 crore in past fortnight

Insiders revealed that this uptick in volume comes from the participation of one major bank and some mutual funds

Tripura CM Saha highlights state, central govt development initiatives

The Tripura Chief Minister also launched the e-Cabinet system at the Secretariat on Wednesday

Mutual funds debt exposure to finance companies rose 60.1% in July

The exposure through investment in commercial paper of NBFCs crossed the Rs one trillion mark, last seen in August 2019, it said

We've always been sector- and market cap-agnostic: Enam AMC's Jiten Doshi

In a supply-starved economy, there is enough appetite for local as well as global capital, which is hungry for growth opportunities, said Doshi

Biz cycle funds can generate alpha but carry risks: What should you do?

Higher concentration and fund manager risk make these funds apt only for seasoned investors

Amfi sets norms for direct MF firms wanting to become AMCs' agents

Associations sets Rs 1-crore net-worth criteria for execution only platform

Shriram AMC to launch multi asset allocation fund, NFO to open on Friday

Additionally, the fund will allocate 10 to 25 per cent of its assets in high-quality (AAA) Short to Medium term debt

Sebi posts new norm for exit option window period for change in AMC control

Capital markets regulator Sebi on Friday came out with a new timeline for the exit option window period given to the mutual fund unitholders for change in control of asset management company(AMC). Under the new timeline, a change in control of the AMC cannot be made unless the unitholders of the mutual fund would be given the option to exit on the prevailing Net Asset Value (NAV) without any exit load within a period of at least 15 calendar days from the date of communication. Earlier, this timeline was at least 30 days. However, in case of change in control resulting in consolidation or merger of schemes, the unitholders would be given the option to exit on the prevailing NAV without any exit load within a time period not less than 30 calendar days from the date of communication, Sebi said in a circular. Considering that growth in technological communication has enabled faster dissemination of information to unitholders, a request was received by Sebi from the mutual fund industry

HSBC MF enters Rs 1-trn AUM club; Sebi NSDL IPO in abeyance

HSBC MF acquired L&T MF in 2022, leading to a multifold rise in its AUM. At the time of acquisition, L&T MF had an AUM of around Rs. 71,000 crore

Franklin AMC appoints debt head, explores foray into alternatives business

Franklin Templeton aims to rejuvenate its presence in the debt space with Rahul Goswami leading the charge

FM Nirmala Sitharaman to launch backstop fund, AMC Repo Clearing on Friday

Both Sebi initiatives aimed at developing corporate bond market

HDFC AMC's Q1 profit surges 52% to Rs 478 crore; revenue rises 10%

The operating profit for the quarter was Rs 413 crore, 11 per cent higher than the last year's figure of Rs 374 crore, the AMC said in a press release

AMC stocks surge on buzz of new TER proposals; HDFC AMC goes up 4.5%

However, Sebi announced in June that it was re-evaluating these plans, citing industry-provided data

Sebi clears path for self-sponsored AMCs, lists duties of trustees

The trustees can avail services of third parties like audit firms, legal firms and merchant bankers to fulfill certain responsibilities

TMSEp455: Subhash Chandra, data security Q&A, AMC stocks, spatial computing

Is this the end of the road for Subhash Chandra? What can the alleged CoWin data leak teach India? How will the new TER structure impact AMC stocks? What is spatial computing? Answers here

Sebi extends time for AMC's to comment on market fraud detection policy

Sebi on Thursday extended the deadline to June 8 for submitting public comments on a proposal that seeks asset management companies (AMCs) to set up an institutional mechanism for the deterrence of possible market abuse and fraudulent transactions. Earlier, the last date of submitting public comments was June 3 and now it has been decided to extend the timeline to June 8, the Securities and Exchange Board of India (Sebi) said. The markets regulator, in its consultation paper issued last month, proposed that AMCs should put in place robust surveillance systems and internal control procedures, to deter possible misconduct by employees or other entities which may have information relating to fund management or investments of mutual fund schemes. It further suggested that senior management of AMCs should be responsible to ensure that an institutional mechanism is put in place to detect and report possible misconduct by its employees, dealers, stock brokers or any other connected ...

Amfi to form ethics panel to curb misconduct in asset management companies

The proposed ethics committee of Amfi, a nodal association of mutual funds in the country, is envisioned to be able to take action on a self-regulatory basis against individuals

Stocks of asset management firms surge as regulatory uncertainty eases

Industry sees limited impact of new TER structure on profit