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.
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.
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.
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).
Source: PTI, AMFI, ET
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