• Domestic mutual fund industry AUM grows 14% to Rs 37.74 trn: Amfi data
  • Mutual funds can again accept money in international schemes
  • Retail investors are the new stars in India’s $479B mutual fund show
  • AMFI to come out with stock reclassification list in July; find what could be likely changes
  • SEBI ban on investment in MFs through pool account comes into effect from Friday
  • SEBI standardises nomination process for mutual fund investments
  • Sebi permits FPIs to participate in exchange-traded commodity derivatives market
  • Sebi asks AMCs to report cyber-attacks within 6 hours

The average assets under management (AUM) for the domestic mutual fund (MF) industry grew 13.8 per cent year-on-year to Rs 37.74 trillion for the quarter ended June, reveals the data furnished by the Association of Mutual Funds in India. The growth in assets was driven by incremental flows into equity schemes.

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The Securities and Exchange Board of India (Sebi) has allowed mutual funds to accept fresh money in international schemes to the extent of the overall industry limit of $7 billion. In a letter to industry body Association of Mutual Funds of India (AMFI) last week, the capital markets regulator said asset managers may resume subscriptions and make investments in overseas funds or securities 'up to the headroom available without breaching the overseas investment utilization limit'.

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India’s mutual fund industry has grown by leaps and bounds over the past decade. Changing along with it, at multiple levels, are the contours of the industry—the money sources, the route of investments, and the money destinations. These changes—some subtle, some not—have big implications

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Zee Business Exclusive: Association of Mutual Fund in India (AMFI) will come out with a list of stocks that will be reclassified into large cap, mid cap or small cap stocks from their category. The list is expected to be out in July and the new classification will be implemented from August. Zee Business Senior Research Analyst Varun Dubey brings this report.

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SIP will directly go from investor’s accounts to mutual fund houses. The much-awaited SEBI regulation banning use of brokers’ pool account for mutual fund (MF) transactions will come into force from Friday after the deadline was postponed.

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Nomination is an important element in all investments that you make. The Securities and Exchange Board of India (SEBI), the financial market regulator, too has instructed all mutual fund houses to take steps to ensure that the nomination is in place for all mutual fund investments.

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Capital markets regulator Sebi on Wednesday decided to allow foreign portfolio investors to participate in the exchange-traded commodity derivatives segment, a move that will further increase depth and liquidity in the market.

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Mumbai: Market regulator the Securities and Exchange Board of India(Sebi) has asked mutual fund houses to report all cyber-attacks, threats, cyber-incidents, and breaches within six hours of noticing such incidents. In a circular issued on Thursday, Sebi has also asked the AMCs to employ only Indian Computer Emergency Response Team-empanelled firms for undertaking cyber audits.

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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.