Previously, availing these loans was a cumbersome physical process that took five-seven working days
To facilitate ease of doing business, Sebi on Friday extended the timelines for portfolio managers and mutual funds for submission of offsite inspection data to the markets regulator. Under this, mutual funds will have to submit the daily data in a monthly file as per the specified formats on a quarterly basis within 15 calendar days from end of the quarter against the current requirement of 10 calendar days, Sebi said in a circular. RTAs will be required to submit such said data on an ongoing basis. As a part of off-site inspection and surveillance of Mutual Funds and to monitor the compliance of the mutual fund norms, Sebi has framed the data structure and all the mutual funds along with RTAs associated with them are required to furnish the data to it. Similarly, portfolio managers will be required to submit data in a specified format for all its clients on a quarterly basis within 15 calendar days from end of the quarter. Day-wise data will be furnished for table headings -- ...
Closures were higher in direct plans in January
PMS has higher costs due to 2-3% management fees plus performance fees, reducing returns; mutual funds have only management fees
Account for 24% of investors but 33% of AUM
Quality-focused funds also gain traction amid shift in market trends
The stressed real estate sector, a key driver of the economy, has not yet stabilised
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CRISP simplifies investing decisions by converting performance, risk and portfolio data of mutual funds into actionable insights, says company
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Forgotten asset classes like fixed income are being talked about, along with hybrid funds and offshore funds exposure from a diversification perspective
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Among the fund houses that prune their holdings in the troubled lender were Kotak MF, Tata MF and PPFAS MF