There is a view that in the growing pie of savings and investments, banks are losing out to mutual funds. That may be happening in the margins as India’s equity market has been on a bull run. But let us look at the big picture. While individuals are moving towards financialization of their savings and … Read more
Bengaluru-based investment management firm Capitalmind Financial Services Private Limited has received in-principle approval from the Securities and Exchange Board of India (SEBI) to launch new mutual fund. According to a company press release, this milestone occurred simultaneously with the company’s 10th anniversary. “Receiving SEBI’s in-principle approval for a mutual fund is both an honour and … Read more
In a best-practices circular released on Tuesday, the Association of Mutual Funds in (AMFI) India said distributors can now earn trail commission on assets under management (AUM) switched to them by investors. Previously, AMCs withheld this commission to discourage unhealthy competition among distributors. However, the industry body has stipulated a cooling-off period of six months. … Read more