Page 48 - Mutual Funds

Sebi issues consultation paper on role, obligations of mutual fund trustees

The Securities and Exchange Board of India (Sebi) has issued a consultation paper on the role and obligations of mutual fund trustees. The consultation paper is to seek views on issues related to review of role and obligations of the trustees as well as provide clarity on the role and accountability of the boards of Asset Management Companies (AMC) to safeguard unitholders' interest, across all products and services. Among others, Sebi has proposed enhancing the accountability of the board of an AMC by way of amendments to mutual fund regulations to make the board of AMC responsible for compliance with the regulations. "In view of the increasing scale and reach of the Mutual Fund industry, trustees' role in respect of unitholders' protection assumes even greater significance," it said in the consultation paper. At present, two structures are permitted for trustees under the mutual fund regulations -- corporate structure and board of trustees structure. "It may be desirable to have

Sebi to MF trustees: Do not rely on assurances, evaluate independently

These responsibilities include preventing undue influence of sponsors, market abuse by employees, unfair advantage to associates, conflict of interest between various parties and mis-selling

Equity funds log inflow of Rs 12,500 cr in Jan, small-caps top share

Inflows from SIPs have continued to counterbalance the outflows from foreign institutional investors

Decoded: What exactly is a public float and why is it so important?

Shares held by non-promoters are called public float or public shareholding

Rely on term plan-MF combo instead of going for traditional plans

Don't fall prey to the hard-selling of traditional plans that is likely to end after March 31

Union Budget 2023-24: Advantage MFs after tax blow on MLDs, insurance

Investors may divert flows towards debt funds, say experts

Nippon India AMC reports 18% YoY profit growth in Q3 to Rs 205 cr

Total income rises 5% to Rs 416 crore

Two new initiatives by Amfi ignite greater interest in MF distribution

24,000 new MF distributors join industry in 2022--that's 42% higher than 2021

Carnage in Adani group stocks shaves off Rs 24,000 cr from LIC, MF wealth

Adani group stocks have seen an overall erosion of Rs 4.18 trillion ($50 billion) of market value

Mutual funds adopt T+2 settlement cycle for redemption payouts

Move comes two months after Sebi mandated MFs to pay investors within three days of redemption

Setting benchmarks: Here are 10 high-performance diversified equity schemes

They are an assortment of above-average short- and long-term returns, low expense ratios, and lower investment risk. Krishna Kant cherry-picks the best in class

Enam AMC looking to raise $1 billion from its maiden vision portfolio

Portfolio manager Enam Asset Management Company (AMC) on Monday launched its maiden vision portfolio with a target to garner USD 1 billion at close. The maiden offering -- Enam India vision portfolio -- is targeted at the mass affluent segment of investors with a minimum investment of Rs 50 lakh. Enam AMC has been in the market for the past two decades and manages assets worth USD 3.48 billion as of December 2022. It has a team of 15 investment professionals across fund management, research and ESG, its Co-Founder and Chief Investment Officer Jiten Doshi said. The company is part of the Enam Group established in 1984 and was co-founded by Vallabh Bhanshali, Nemish Shah and Jiten Doshi.

Mutual funds, FPIs show appetite for a slice of Adani FPO anchor pie

Bankers see excess demand in Rs 6,000-cr anchor book

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

Kenneth Andrade's PMS gets in-principle approval for mutual fund foray

Alternative asset management platform Alpha Alternatives latest to apply for MF licence

Mutual funds use correction to buy blue-chip stocks, shows data

HCL Technologies, Dr Reddy's Lab and Tech Mahindra were among the top-sells in December

MFs eye GIFT City route to cross foreign investment limit barrier

Plan products to leverage individual LRS limit for global exposure

MFs' SIP collection grows 31% to Rs 1.5 trn on higher retail participation

The SIP book has grown consistently from Rs 11,305 crore in December 2021 to an all-time high of Rs 13,573 crore in December 2022

India's premium valuations remain a challenge: Invesco MF's Taher Badshah

Equity valuations are unlikely to expand further unless there are surprises on the earnings front or developed economies do much better than expected, says Taher Badshah of Invesco MF

Surging ahead: Mutual fund investor count rose 20% in 2022, shows data

The net folio addition also declined 19 per cent, compared with the previous year, reveals data from the Association of Mutual Funds in India