The Securities and Exchange Board of India (SEBI) has introduced detailed guidelines for determining the place of a mutual fund on its riskometer tool.
Mutual fund industry's asset base rose by 12% to Rs.27.6 lakh crore during the September 2020 quarter, primarily on account of rebound in markets.
The Association of Mutual Funds in India (Amfi) has said it is committed to follow market regulator Securities and Exchange Board of India's (Sebi) new regulation on multi cap mutual fund schemes.
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.
In line with NISM’s direction, AMFI has given another three month’s relaxation to mutual fund distributors and their employees to renew ARN/EUIN.
In a bid to make mutual funds more accountable, SEBI has decided to introduce a Code of Conduct for fund managers including chief investment officers and dealers of AMCs.
August turned out to be a better month for the MF industry compared to June and July. The month has witnessed an addition of 5 lakh new investors.
From January 1, 2021, purchases of units in a mutual fund scheme below Rs 2 lakh will get NAV on the day that money reaches the fund house, not on the day investors place the order, SEBI said in its recent circular.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.