Page 5 - Asset Management Companies

Sebi comes out with disclosure requirement for asset management companies

Capital markets regulator Sebi on Thursday came out with the disclosure framework for asset management companies, mandating a scheme-wise disclosure of investments in securities of entities that are excluded from the definition of "associate". This came after Sebi, earlier this month, amended mutual fund rules to remove the applicability of the definition of "associate" to sponsors that invest in various companies on behalf of the beneficiaries of insurance policies or such other schemes. Under the rules, associate includes a person who directly or indirectly, by himself, or in combination with relatives, exercises control over the AMC or the trustee, among others. As part of the new framework, asset management companies (AMCs) will have to make scheme-wise disclosure of investments, as on the last day of each quarter, in securities of such entities that are excluded from the definition of "associate", the Securities and Exchange Board of India (Sebi) said in a circular. Further, .

HDFC AMC surges 12% after nearly 6% equity change hands on BSE

At 09:55 am, around 11.96 million equity shares representing 5.61 per cent of total equity of HDFC AMC changed hands on the BSE, the exchange data shows.

Target maturity funds are better than FMPs for locking in returns

They are more transparent and control both interest-rate and credit risk

Five months on, some mutual funds reopen subscription to global funds

Edelweiss AMC on Monday said it has revoked the temporary suspension in seven of its international offerings with effect from June 21

Sebi tweaks cybersecurity and cyber resilience framework for AMCs

The new framework will come into force from July 15

German officials raid Deutsche Bank's DWS over 'greenwashing' claims

DWS has faced regulatory probes in the US and Germany after its former chief sustainability officer, Desiree Fixler, alleged last year that the company inflated its ESG credentials

Flexi-cap funds see Rs 35k-cr inflow in FY22; best among equity categories

While large-cap funds experienced a net inflow of Rs 13,569 crore for the entire 2021-22, inflow for mid-cap funds stood at Rs 16,308 crore and the same for small-cap funds was at Rs 10,145 crore

Passive approach

Sebi's plans will offer more options to investors

HDFC AMC's Q4 net rises 8.7% to Rs 344 cr; income up 6.5% to Rs 581 cr

The company's total income rose to Rs 580.93 crore in the period under review from Rs 545.57 crore in the fourth quarter ended on March 31, 2021

WhiteOak Capital Asset Management plans to open 100 branches in 12-18 mnths

WhiteOak Capital Asset Management, a new entrant to the mutual fund space, is looking to open nearly 100 branches across the country in the next 12-18 months.

Two separate Sebi panels to review ownership norms of MFs, trustees

Market regulator has said an alternative set of eligibility rules can be introduced to enable new players who otherwise aren't eligible to act as sponsors

Falling yields put the squeeze on fund houses' bottom line in Q3

Shares feel the pressure as analysts cut earnings estimates

MFs garner Rs 99,704 crore via NFOs in 2021 on sharp rally in stock market

This was way higher than 81 NFOs floated in 2020 and cumulatively, these funds were able to garner Rs 53,703 crore

Sebi brings slew of protocols under tough new investment norms for MF staff

AMC board and Trustees to ensure compliance on a continuous basis, report violations and remedial action taken by them in the periodical reports submitted to board

Indian AMCs log highest-ever profit in FY21; HDFC unit leads industry

Surge in equity markets, flows and lower expenses boost bottom line of companies

Top headlines: AMCs log highest-ever profit; no bail for Aryan Khan yet

Relief for Zee Entertainment founders; Nearly 65% of infrastructure projects delayed by Covid-induced lockdowns. More on that in top headlines

HDFC Mutual Fund lines up a slew of exchange-traded funds as ranking slips

In the past few years, HDFC MF witnessed continued erosion in its market share as its key equity funds underperformed

Sebi might soon allow PE players to snap up, set up their own AMCs

At present, PE firms are not banned from acting as a MF sponsor, however, the prerequisites make it difficult for them to acquire or run a fund house

Sebi may dilute certain clauses in controversial MF compensation circular

Regulator, industry gets into huddle ahead of October 1 deadline

Sebi asks AMCs to disclose details of risk, performance of MF schemes

Markets regulator Sebi on Tuesday directed asset management companies (AMCs) to disclose details of risk and performance of mutual fund schemes in all disclosures, including promotional material