Working groups to review MF’s sponsor eligibility, role of trustees
SEBI on Friday formed two working groups to review the role and eligibility of a sponsor of a mutual fund to facilitate growth and innovation in the industry and to…
Amfi prescribes new benchmark for MF schemes
Industry body Amfi has prescribed a new benchmarking system for mutual funds for each of their schemes in a bid to standardize and bring uniformity in the benchmarks. It has…
SIP up to Rs 5000 via UPI AutoPay
Initiating registration for Systematic Investment Plans (SIPs) in mutual funds has become much easier than before. IDFC Mutual Fund has enabled UPI AutoPay, an NPCI initiative, allowing mutual fund investors…
New fund launches contribute to MFs’ asset growth in December
Despite outflows from debt funds, the assets under management by Indian mutual funds rose to Rs 37.72 trillion as on December 31, 2021 compared to Rs 37.33 trillion as on…
Debt schemes witness Rs 49,154.10 cr net outflow during December 2021
Debt Oriented Mutual Fund schemes witnessed a net outflow during the December 2021 according to the latest month data released by the Association of Mutual Funds in India (AMFI) on…
SEBI in process of stipulating disclosures specific to ESG scheme
Speaking at the inauguration of an ESG Centre for Research and Innovation at IIM Ahmedabad, Tyagi stressed on the need of in depth research on ESG norms with focus towards…
Sundaram AMC receives SEBI approval for purchase of Principal MF in India
Sundaram Asset Management Company Limited has received regulatory approval for the purchase of the asset management businesses of Principal Asset Management Pvt. Ltd. Sundaram will acquire the schemes managed by…
LIC MF looks to take AUM to Rs 25,000 crore by March
LIC AMC is one of the oldest fund houses but has been a passive player all this while keeping the parent LIC's risk-averse investing culture. As a result, its AUM…
White Oak Capital gets SEBI approval to start MF Business
White Oak Capital group, which had acquired YES Mutual Fund through its subsidiary GPL Finance in August 2020, has now got the go-ahead from SEBI to run the mutual fund…
Zerodha gets in-principle approval from SEBI to start mutual fund business
India’s largest broking firm Zerodha has received in-principle approval to set up an asset management company (AMC) company. With this, the discount brokerage joins entities like Samco Securities and Bajaj…