Industry body Amfi on Tuesday said it has revived the online registration facility for obtaining fresh Amfi registration number (ARN) and employee unique identification number (EUIN) for mutual fund distributors.
The Securities and Exchange Board of India (Sebi), in a far-reaching decision on Wednesday, told the Rs 32-trillion mutual fund (MF) industry that a fifth of the salary of top executives is be paid in the form of units of mutual fund schemes they oversee.
The Association of Mutual Funds in India (Amfi) has reduced the ARN (Amfi registration number) registration and renewal fees for most distributor types, including individual distributors, by 50%, effective 1 May.
When a lockdown was imposed last year to control the spread of covid-19, businesses came to a standstill and millions of livelihoods were at stake.
The mutual fund industry has been on a significant growth path over the past decade, going by its assets under management.
The latest quarterly flow data for the Mar-21 quarter published by AMFI shows visible signs of selling by investors in equity funds and debt funds. The quarter has been tricky for fund flows.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.