• SEBI modifies mutual funds portfolio segregation norms amid Covid-19
  • Reminder: ARN expired during lockdown has to be renewed before September 30
  • MF industry instrumental in channelising retail savings into capital mkts in a big way: AMFI
  • Average MF folio AUM is Rs.2.94 lakh
  • Sebi provides for assistance to trustees to monitor mutual fund activities
  • Mutual funds' investment in REITs jumps 3-fold to Rs 735 crore
  • 50% Indians currently looking for financial advice to grow wealth
  • As pandemic intensifies, MF industry adds nearly 8 lakh debt folios
  • Average folio AUM of retail investors is Rs.54,130
  • AMFI completes its 25 years, a silver jubilee milestone
  • MF industry has added over 3.43 lakh unique investors since March

Markets regulator Sebi on Wednesday modified norms pertaining to segregation of portfolio in mutual funds by asset management companies amid the coronavirus pandemic.

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Ideally, ARNs which expired during lockdown months have to be renewed before September 30, 2020. ARNs/EUINs which are due for renewal or expiring between March 15 and September 29 can be renewed till September 30.

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The Indian capital markets have witnessed a marked shift in the last few years, largely owing to the mutual fund industry which has been instrumental in channelising retail savings into the capital markets in a big way, industry body Amfi said on Monday.

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Despite lockdown and market volatility, the average folio AUM of investors in the mutual fund industry has risen consistently since March.

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The Securities and Exchange Board of India (Sebi) on Monday issued guidelines to provide administrative assistance to mutual fund trustees for monitoring the various activities of mutual funds.

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Emerging investment instrument REIT seems to be finally catching investors' fancy, with mutual funds investing a whopping Rs 735 crore in such units in the first six months of 2020, nearly three-fold jump from the year-ago period.

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Five out of 10 Indians are actively looking for financial advisors who can help them grow wealth, shows a survey recently released by Scripbox.com, an online MF distribution firm. The Financial Freedom Survey 2020 shows that 50% respondents intend to get external help with financial planning.

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AMFI’s latest data shows a sharp rise in debt fund folios during the Covid-19 pandemic. Between May and July 2020, the mutual fund industry has added 7.93 lakh new folios in debt schemes.

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Over the last one year, average folio AUM of retail investors has declined substantially. The latest AMFI data shows that average folio AUM of retail investors fell by 15% to Rs.54,130 in June 2020 compared Rs.63,701 in June 2019.

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AMFI has completed its silver jubilee. AMFI was incorporated in August 1995 when there were around 15 member AMCs, the industry body now has 44 members.

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Although the last couple of months have been like a nightmare for most industries, one positive thing that happened to the mutual fund industry is the addition of new investors.

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Source: AMFI, SEBI, ET, BS, Mint, Cafe Mutual

Disclaimer – This document is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing.

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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