
SEBI revises norms for transactions in mutual fund units
The new rule, effective from April 1, restricts intermediate pooling of funds and units by mutual fund distributors, investment advisers, channel partners, platforms and other entities.
The new rule, effective from April 1, restricts intermediate pooling of funds and units by mutual fund distributors, investment advisers, channel partners, platforms and other entities.
The capital markets’ regulator frames risk management norms for debt mutual funds, which would control debt funds' portfolio and duration risks, and protect gullible investors.
Though equity MFs witnessed the seventh consecutive month of net outflows in January, AMFI's chief executive says investors will continue to tap MFs as a handy route for wealth creation.
Absence of new taxes, no tweaking of older ones, infrastructure capex focus, and stronger disinvestment intent boosts equity indices, with the Sensex recording its best Budget-day gains since 1997.
According to CRISIL Research, the Indian mutual fund industry’s assets under management can touch the ₹50 lakh crore mark by March 2025, and multiple triggers will aid this massive growth.
Ajay Tyagi, chairman of the markets regulator, says mutual funds must remember there is a difference between ‘investing’ and ‘lending’; hints at a slew of reforms for the debt market.
Mutual funds industry body AMFI cites the central bank’s ₹50,000 crore special liquidity facility for the development.
The central bank announces ₹50,000 crore special liquidity facility for mutual funds to help debt funds tide over market disruptions caused by Covid-19.
Franklin Templeton India has closed six yield-oriented schemes—which accounted for 63.4% of its total debt-oriented funds’ average AUM. It links the closure to Covid-19-related market dislocations.
AMFI data reveals that industry’s net AUM fell over ₹4.96 lakh crore over February, and down nearly 5% compared to March 2019.