Page 38 - Mutual Funds

Unified death reporting is the need of the hour

The white paper, when fully implemented, will improve the ease of living index considerably for the families of deceased investors

Market regulator Sebi sets deposit norms for execution-only platforms

Entities already registered with the stock exchange under any of the segments will not have to pay the deposit again

Mutual fund industry sees best AUM growth in two years, shows data

The growth in AUM results from both market performance and fresh investments

Five-year lock-in facilitates long-term orientation in retirement funds

Investors unlikely to withdraw during market downturns or for other needs may do without them

Mutual fund reclassification rules: 6 years in, rolling with the best

Even as Sebi's classification norms for MF schemes approach six years of completion, we examine the three-year rolling returns of schemes in the top categories to identify the best performers

After Reliance's entry into MF industry, Tatas evaluating bid for UTI AMC

It comes at a time when several new players have entered the market and consumers prefer real estate and bullion for investment

Tax tweaks send foreign mutual funds into a 5-month outflow eclipse

Shadow of decline lingers in virtually all subscription-happy fund houses

Surge in redemptions keeps net systematic investment plan inflows in check

Average net SIP inflows in the first five months FY24 at Rs 6,170 crore, down from Rs 7,000 crore last fiscal

Sebi extends deadline to add nominees for mutual fund account holders

Markets regulator Sebi on Wednesday extended the deadline for mutual fund account holders till January 1, to nominate a beneficiary or opt out of it by submitting a declaration form, failing which their folios will be frozen. Earlier, the deadline for existing mutual fund holders to provide a choice of nomination was on or before September 30. The move is aimed at helping investors to secure their assets and pass them on to their legal heirs. "Based on representations received from the market participants, it has been decided that the provision... about the freezing of folios, shall come into force with effect from January 1, 2024 instead of September 30, 2023," Sebi said in a circular. Further, Sebi asked asset management companies (AMCs) and RTAs to encourage the unit holder to fulfill the requirement for nomination/ opting out of the nomination by sending a communication on a fortnightly basis by way of emails and SMS to all such unit holders who is not in compliance with the ..

Smallcap, midcap funds face risk of mean reversion: DSP MF MD & CEO

Data shows that markets may have mispriced the disinflationary trend that is gaining traction along with a stable demand and supply situation for government bonds, said Parekh

HDFC Securities looks to gain active clients with a new trading app

With the launch, the broker will be competing with low-price broking services with a flat pricing of Rs 20 per all intraday trades and delivery

MFs hungry for bigger slice of banking pie amid growing investor inflows

Seek to exceed RBI's 5% ownership threshold

We're excited about equities in current economic scenario: Rahul Singh

Consumption slowdown is a concern, although profitability margins are being protected due to softness in input prices, said Singh

Deadline to add nominees for MF investors, demat account ends on Sep 30

All individual demat account holders and mutual fund investors have time till September 30, to nominate a beneficiary or opt out of it by submitting a declaration form, failing which their demat accounts and folios will be frozen, and they will not be able to redeem their investments. This mandate applies to both new as well as existing investors, according to the Securities and Exchange Board of India (Sebi). The move is aimed at helping investors to secure their assets and pass them on to their legal heirs. "This will ensure smooth and hassle-free transfer of securities to the legal heirs of the investors in case of any unfortunate event," Tejas Khoday, co-founder and CEO at FYERS, said. Under Sebi's rule, new investors must either nominate their securities or formally opt out of nomination through a declaration form when opening trading and demat accounts. For existing investors, including jointly-held mutual fund folios, failing to meet this deadline will result in the freezin

Capitalise on the industry insight by investing in its sector fund

Choosing such a fund based on recent returns can, however, jeopardise portfolio performance

Sebi empanels 34 entities for forensic investigation of MFs, AMCs, trustees

Sebi has empanelled 34 entities, including Ernst & Young LLP, Deloitte Touche Tohmatsu India LLP and Grant Thornton Bharat LLP to conduct forensic investigation of mutual funds, their asset management companies (AMCs) and trustees. KPMG Assurance and Consulting Services LLP, Chokshi & Chokshi LLP, Nangia & Co LLP and Pipara & Co LLP are among the other empanelled entities, the Securities and Exchange Board of India (Sebi) said in a latest update. The period of empanelment is from September 20, 2023 to September 19, 2026, it added. These 34 entities have been empanelled after evaluation of all the applications in response to Expression of Interest (EoI) invited by the capital markets regulator in February. The entities are required to undertake acquisition, extraction and analysis of digital evidence from mobile, computers, tablets, hard drives and USB drives. Also, they need to prepare and submit a report mentioning the findings and conclusions of the analysis. In ...

Mutual funds attract 6% of household savings in FY23, shows RBI data

Fiscal sees a record Rs 1.8 trillion net inflows from households

Sebi to relax rules around mandatory borrowing from corporate bond market

Regulator could also clear framework for index providers; decisions likely at Thursday's board meet

Rs 6,100 crore in 3 months: Riding the wave of floating-rate mutual funds

Influx reverses Rs 32,250 crore outflow trend of 11 months

A new dawn for microfinance

There are many contributing factors to the growth and new-found enthusiasm for microfinance