Overnight mutual funds AAUM grows 5 times in 10 months

Mutual fund managers claim the categorization had taken away their flexibility to invest, resulting in money flowing into a set of stocks. This has impacted performance of mutual fund schemes, say a few fund managers.

READ MORE

 

 

 

Young India increasingly looking to MF for retirement corpus: AMFI

AUM of retirement-oriented schemes rises 24% to Rs.10,425 crore in last 10 months

Young India seems to be saving big time for retirement, and mutual fund schemes are emerging as the popular long-term retirement avenue.

READ MORE

 

 

 

After 28 February, only KYC verified investors to transact in MFs

An AMFI circular will put an end to the old practice of accepting application forms and cheques alongside KYC forms said the head of operations at a mid-sized mutual fund. Investors will have to first complete their KYC and their status will have to appear as ‘verified’ with the KRA (KYC Registration Agency) such as CVL or CAMS.

READ MORE

 

 

 

SEBI gives direct access to stock exchanges for mutual fund investments

Very soon, investors will be able to invest in mutual funds directly through the stock exchanges on their own and without the assistance of their distributors or Registered Investment Advisors (RIAs).

READ MORE

 

 

Source: PTI, AMFI, ET

Disclaimer – The article (including market views expressed herein) 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. The data/information used/disclosed in the article is only for information purposes and not guaranteeing / indicating any returns. The article provides general information and comparisons made (if any) are only for illustration purposes. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing. Recipient of this document should understand that statements made herein regarding future prospects may not be realized. Recipient should also understand that any reference to the indices/ sectors/ securities/ schemes etc. in the article is only for illustration purpose and are NOT stock recommendation(s) from the author or L&T Investment Management Limited, the asset management company of L&T Mutual Fund (“the Fund”) or any of its associates. Any performance information shown refers to the past and should not be seen as an indication of future returns. The value of investments and any income from them can go down as well as up. The distribution of the article in certain jurisdictions may be restricted or totally prohibited and accordingly, persons who come into possession of the article are required to inform themselves about, and to observe, any such restrictions.

 

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

CL06965