Page 4 - Amc

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

Explained: Why the 'sponsorless' mutual funds could be a good idea

Sebi's proposal may resolve conflict between regulations and lead to more investment and activity in the bond markets

Market regulator Sebi considers allowing sponsor-less mutual funds

Issues discussion paper proposing radical changes on ownership structures

Sebi permits AMCs to provide advisory services to all FPIs at IFSC

Markets regulator Sebi on Friday permitted asset management companies (AMCs) to provide management and advisory services to all FPIs operating from International Financial Services Centres (IFSCs). This is subject to certain conditions, including that such Foreign Portfolio Investors (FPI) will be allowed to invest in mutual fund schemes other than the schemes in the category of "thematic", the Securities and Exchange Board of India (Sebi) said in a circular. For investment in equity and equity derivative securities listed on recognised stock exchanges in India, the FPIs will not be allowed to take contra-position for six months from the date of purchase or sale of such securities, it said. It has been decided that AMCs may also provide management and advisory services to FPIs operating from IFSC and regulated by International Financial Services Centres Authority (IFSCA) not falling under the categories of FPIs specified by Sebi in its circular issued in December 2019, Sebi said. T

Sebi fines DSP group firms Rs 1 lakh for charging TER from AMC books

Sebi noted the defaulters paid 0.09% expenses of the scheme out of 0.16% from their own books in case of DSP Nifty 50 ETF

Tata in talks to buy majority stake in UTI AMC from 4 PSU finance entities

If the deal goes through, Tata AMC and UTI AMC's combined entity could become the fourth-largest asset manager in India

Flexi- or multi-cap fund? Go by risk appetite, not by past returns

Multi-cap funds, with their higher exposure to mid- and small-caps, can outperform but with higher volatility

ASK Capital gets Central Bank of Ireland nod to launch India-based fund

UCITS is a regulatory framework of the European Commission for management and sale of mutual funds

AMCs to be penalised for delay in dividend, redemption payments: Sebi

Any delay in dividend payment beyond seven working days to attract interest charge at 15% a year; investors to get redemption money within three working days, from 10 earlier

Passive fund race: Bigger players steal the show over smaller counterparts

Over 95% passive AUM is with top 10 AMCs; experts say opportunities still exist in the smart beta space