Page 4 - Amc

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

Onus of preventing front running, insider trading to fall on AMCs

Sebi proposal wants AMCs to design internal systems to identify misconduct of employees

Sebi asks AMCs to set up control systems to identify market manipulation

Capital markets regulator Sebi on Saturday proposed that asset management companies (AMCs) set up surveillance and internal control systems for the deterrence of possible market abuse and fraudulent transactions. 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 entities. Further, AMCs should have appropriate escalation and reporting mechanism for possible market abuse and fraudulent transactions in securities related to the AMCs' transactions, Sebi said in its consultation paper. This comes in the wake of Sebi passing orders in two instances of front-running pertaining to Axis AMC and Life Insurance Corporation of India (LIC). In the Axis AMC case, broker- dealers, certain employees and connected entities were found to have front-run the trades of the AMC and in the case of LIC, an employee of a .

In MFs' trading expense revamp, AMCs, brokerages see Rs 3.5k-cr blow

Inclusion of brokerage or trading costs in the TER will put AMCs in a catch-22 situation as the greater the churn in portfolios, the lower the profit margins will be

Brokerages snip price targets of AMCs on feeble Q4 earnings

See regulatory risks to yields; most maintain 'buy' call on improved valuations, long-term growth potential

Nippon AMC Q4 results: Consolidated net profit rises 13% to Rs 198 crore

Revenues from operations rose 3 per cent during the quarter to Rs 348 crore

Market correction has made valuations more palatable: Jiten Doshi

India's valuations will always command a premium, says chief investment officer of Enam Asset Management Company

Sebi's MF Lite plank for passive funds seen boosting India ETF landscape

Industry experts say it could help attract global players

Sebi paves way for Rs 33,000-crore 'backstop' for debt mutual funds

Sebi told reporters that chosen debt MFs will contribute 2 basis points of their assets under management towards the fund

AMC stocks find support from analysts despite tax blow to debt MFs

Recent correction factors in most negatives, valuations attractive, say brokerages

Rs 40-trillion MF industry braces for industry-wide forensic audit

AMCs term it from 'positive development' to 'preventive exercise'

Sebi proposes to enhance role, accountability of mutual fund trustees

Amidst growing scale of the mutual fund industry, capital markets regulator Sebi has proposed to increase the role and accountability of the trustees in a bid to safeguard unitholders' interest. In addition, the regulator has suggested to enhance the accountability of board of asset management company (AMC). Also, Sebi has proposed a common platform for dissemination of public announcements by mutual funds. In order to have an independent review mechanism for the decisions of AMC from the perspective of the unitholders' interest across all products and services, Sebi has proposed to mandate that a "Unit Holder Protection Committee (UHPC) should be constituted by board of AMC". In its consultation paper, Sebi has suggested that trustees of mutual funds should focus on market abuse by AMC, its employees and mis-selling by the AMC to increase the asset base. Also, trustees should be responsible for fairness of fees and expenses charged by the AMC, compare its performance with peers a